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Dundee

Robert Murray

Robert Murray - Lickley Proctor Lettings

“Lickley Proctor Lettings were adhering to the recommended guidelines over Q2 so there was little activity in the way of new leases over the second quarter. Landlords and prospective tenants seemed to understand the position. There is now an extremely high interest from prospective tenants, following the ease of the restrictions.”

Market Overview - Q2 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 £431 3.1% 8.6% 6.9% 44 13 11% 42%
2 bed £658 11.5% 16.7% 28.0% 43 6 13% 48%
3 bed £844 8.5% 3.1% 19.9% 48 -3 4% 36%
All £668 8.4% 11.7% 23.0% 43 5 12% 46%

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)

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 109.4 116.0    

Market Composition

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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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