Dundee

Robert Murray

Robert Murray - Lickley Proctor Lettings

“Up until the coronavirus lockdown we at Lickley Proctor Lettings were finding the market in Dundee was still going steady for the first quarter in 2020. Again, rentals sought were being achieved with marginal increases. We are hopeful that when things get back to some normality, the market will pick up where it left off.”

Market Overview - Q1 2020

BedsAverage
Rent
Rent Change
1yr
Rent Change
5yrs
Rent Change
10yrs
Av. TTL
(days)
TTL Change
YoY
Let within
a week
Let within
a month
1 bed £422 4.5% 10.5% 9.6% 39 -1 14% 46%
2 bed £571 0.2% 1.6% 2.3% 42 -6 11% 47%
3 bed £918 6.7% 15.6% 21.4% 28 -14 20% 53%
All £630 1.6% 7.3% 9.4% 36 -7 13% 50%

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 95.8
2018 106.6 107.3 104.9 100.3
2019 107.6 106.9 109.9 101.7
2020 109.4      

Market Composition

Yield by Popular Postcode (Flats):

Postcode20132014201520162017
DD1 6.7% 7.0% 7.8% 7.8% 7.7%
DD2 6.3% 6.2% 6.2% 6.6% 6.4%
DD3 7.4% 6.3% 7.1% 7.5% 7.8%
DD4 8.1% 8.5% 8.0% 8.1% 8.7%
DD5 5.1% 4.3% 4.8% 5.0% 5.0%
Like most sites, Citylets uses cookies mainly to enhance user experience. By using our site we'll assume you're ok with our cookies policy.