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Dundee

Falls in the average price of the larger 3 & 4 bed properties dragged down the average for Dundee to £552 per month, 7.5% lower than last year.

Market Overview - Q4 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	£395	0.3%	3.7%	6.8%	36	-7	14%	54%
2 bed	£563	-0.7%	3.3%	6.6%	49	12	7%	36%
3 bed	£716	-9.7%	0.3%	3.6%	38	1	6%	42%
All	£552	-7.5%	1.3%	4.7%	45	6	9%	41%

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	101.4	95.8

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%

Robert Murray - Lickley Proctor Lettings

“Although rental values have been sustained on the properties we have let, we have noted there has been less interest in the viewing of available properties over the last quarter of 2017. Whether this is due to the new tenancy regime, economic factors, simply the time of year or a combination of factors – we will have to wait and see!”

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Flats to rent in Dundee Houses to rent in Dundee