Dundee

Area Guide For Dundee

Dundee is the fourth-largest city in Scotland and the 38th most populous settlement in the United Kingdom. It lies within the eastern central Lowlands on the north bank of the Firth of Tay, which feeds into the North Sea. Under the name of Dundee City, it forms one of the 32 council areas used for local government in Scotland. The town developed into a burgh in Medieval times, and expanded rapidly in the 19th century largely due to the jute industry. This, along with its other major industries gave Dundee its epithet as the city of "jute, jam and journalism". In mid-2008, the population of the City of Dundee was estimated to be 152,320. Dundee's recorded population reached a peak of 182,204 at the time of the 1971 census, but has since declined. Today, Dundee is promoted as 'One City, Many Discoveries' in honour of Dundee's history of scientific activities and of the RRS Discovery, Robert Falcon Scott's Antarctic exploration vessel, which was built in Dundee and is now berthed in the city harbour. Biomedical and technological industries have arrived since the 1980s, and the city now accounts for 10% of the United Kingdom's digital-entertainment

 
 

Dundee Map

Estimated Price: £163,168
Average Asking Price: £180,120
Price change in last one year: £14,940
Average Price Paid: £142,372
Average Rent Rates: £638

 
 

Property Prices Breakdown in Dundee

Average Price for property in Dundee is around £163,168 which varies based on type of property you are interested in and ranges from £264,507 for detached house to around £166,047 for semi-detached. Similarly terraced house is around £142,936 and a flat is worth £117,457. Values have been changing and have risen £322 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,728 in last 6 months, £14,940 in last 1 year, £19,971 in last 2 years, £14,682 in last 3 years, £22,781 in last 4 years and £10,152 in last 5 years.

Currently average asking price of a property in Dundee is around £180,120 based on approximately 1,728 properties for sale. Same is the case with rental options based on 483 properties up for rent, average asking rent is around £638 per month.

Estimated property value in Dundee is £163,168. Average asking price is £180,120 while average price paid is £147,645 which is up by £14,940 and Avg. asking rent £638.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Dundee area. In last 1 year alone average price buyer paid is around £147,645 based on approximately 1,728 sales in Dundee area alone. If you compare it to last 3 years sales of 5,334 properties where buyers paid around £143,153. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £142,372 for 8,445 and average amount paid for purchase of approx. 12,795 properties sold in last 7 years comes to about £142,197 per sale.

 
 

Properties For Sale in Dundee

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £78,975, £101,327 for a 2 bedroom house, £190,579 for a 3 bedroom house, £303,257 for a 4 bedroom house and £375,889 for a 5 bedroom house. For a flat similarly the prices varies from £56,800 for a single bedroom to £84,800 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £73,332, £95,000 for a 4 bedroom flat and £170,000 for a 5 bedroom flat. To sum up the asking prices for properties in Dundee it comes to around average £59,017 for 1 bedroom property, £88,518 for 2 bedroom, £159,993 for 3 bedroom, £295,247 for 4 bedroom and £355,300 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £832 for 1 bedroom to £639 for 2 bedrooms, £688 for 3 bedrooms, £1,070 for 4 bedrooms and £1,325 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £387. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £518, £722 for 3 bedroom, £992 for 4 bedroom and around £1,276 for 5 bedroom flat. You should be generally be expecting around average £412 rent per month for single bedroom property, £525 for 2 bedroom, £718 for 3 bedroom, £1,021 for 4 bedroom and approximately £1,306 for a 5 bedroom property in Dundee area.

Popular Houses in Dundee

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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