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Dundee

Robert Murray - Lickley Proctor Lettings

“It has been notable of late there has been less interest in the flats we have been advertising at the lower end of the scale. The upper end of the market has been continually doing well, emphasizing location and the quality of property playing a major part in attracting tenants.”

Market Overview - Q2 2017

Beds	Average Rent	Rent Change 1yr	Rent Change 3yrs	Rent Change 5yrs	Av. TTL (days)	TTL Change YoY	Let within a week	Let within a month
1 bed	£406	1.0%	8.3%	8.6%	48	5	10%	35%
2 bed	£575	1.2%	4.9%	10.2%	41	-5	9%	40%
3 bed	£783	-3.9%	13.0%	22.3%	57	-5	13%	27%
All	£603	0.7%	7.5%	12.3%	47	-3	10%	35%

Average Rent (pcm) by Number of Bedrooms

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Average Time To Let (TTL) by Number of Bedrooms

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Rental Index (base Q1 2010)

Year	Q1	Q2	Q3	Q4
2010	100.0	94.3	94.3	93.4
2011	102.8	95.5	91.8	86.1
2012	96.2	93.2	94.6	91.5
2013	99.3	98.1	96.4	91.7
2014	103.3	97.4	98.4	94.6
2015	101.9	103.8	99.7	99.0
2016	107.6	104.0	102.4	103.6
2017	105.9	104.7

Market Composition

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Yield by Popular Postcode (Flats):

Postcode	2017	2018	2019	2020	2021
DD1	7.70%	6.70%	6.70%	6.70%	7.1%
DD2	6.40%	6.60%	6.20%	6.30%	6.3%
DD3	7.80%	7.10%	7.10%	7.30%	7.1%
DD4	8.70%	7.40%	7.20%	7.00%	7.0%
DD5	5.00%	4.50%	4.50%	4.50%	4.5%

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Flats to rent in Dundee Houses to rent in Dundee