Dundee

Robert Murray

Robert Murray - Lickley Proctor Lettings

“Lickley Proctor Lettings have seen no “let up” in the demand for rental property over this last quarter. Rental levels appear to be holding firm which, once again, would suggest Dundee is still displaying encouraging trends in the Private Rented Sector and a good investment for landlords.”

Market Overview - Q3 2017

BedsAverage
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 £393 -5.3% 4.2% 3.7% 49 -2 10% 39%
2 bed £574 1.4% 4.6% 8.1% 52 0 9% 41%
3 bed £717 -1.8% -4.1% 1.6% 55 2 3% 26%
All £584 -1.0% 3.0% 7.2% 51 -1 8% 39%

Average Rent (pcm) by Number of Bedrooms

Average Time To Let (TTL) by Number of Bedrooms

Rental Index (base Q1 2010)

YearQ1Q2Q3Q4
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 105.9 104.7 101.4  

Market Composition

Yield by Popular Postcode (Flats):

Postcode20172018201920202021
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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