Dundee

Dundee rentals continued to post positive annual growth in Q3 2018, up 3.4% to £604. Larger 3 and 4 bed properties fared based at 11% and 7.9% respectively. Properties are letting quicker than last year by 4 days at 47 days on average.

Market Overview - Q3 2018

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 £406 3.3% 6.0% 7.7% 48 -1 12% 48%
2 bed £574 0.0% 5.1% 6.1% 45 -7 15% 48%
3 bed £796 11.0% 14.0% 10.9% 48 -7 18% 50%
4 bed £1,078 7.9% 16.0% 10.6% 46 1 19% 44%
Total £604 3.4% 8.8% 19.6% 47 -4 15% 48%

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  

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%
Robert Murray

Robert Murray - Lickley Proctor Lettings

“Lickley Proctor Lettings have been extremely busy this third quarter. We have experienced a significant increase in demand from prospective tenants to the extent it has been outstripping the supply. This is all good news for the private rented sector in Dundee and encouraging for landlords who are considering investing in the city.”

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