Serving the city of Dundee is our Flour Mill office which is managed by Partner, Charlie Fraser, and Branch Manager, James McKay. Services offered at this branch include lettings, estate agency, independent financial advice and our full range of legal services.
Flour Mill, Exchange Court
DX: DX PE106 PERTH
Viewings and valuations are available outwith these hours.
The housing markets across Dundee and Angus continued to see high levels of transactions in the final three months of 2020.
The pent up demand we experienced during the summer months continued, with buyers quick to snap up properties, creating an almost manic scramble for family homes in sought after areas.
The middle and upper end of the market fared particularly well with area such as Broughty Ferry, Monifeith and the West End proving to be the most wanted areas in which to buy.
There is a shortage of available stock but developers remain committed to the Dundee and Angus markets, with Stewart Milne Homes looking to invest £130 million in Tayside between the Ballumbie Rise development and Monarch Rise in Arbroath.
The lack of properties available for sale could well be due to a perception that the market is closed, which it most certainly isn’t. There are also new ways to view properties with Aberdein Considine providing 3D virtual tours.
The possible easing of restrictions in March or April could well see activity grow considerably which may well provide an extremely hectic Spring market.
With increased demand and lack of stock in Spring, the first quarter of 2021 could well be a perfect time to enter the market
The rental market in and around Dundee remained strong through the final three months of 2021, despite the increase in Covid restrictions.
A continuous supply of one bedroom flats up to fine family homes have kept the local market active, with the universities in Dundee as well as major employers such as Ninewells ensuring rental demand from students and staff changes keep demand strong.
Indeed, there has an increase in demand for one beds, both in Dundee and other university towns and cities. This is mainly from students looking for sole occupancy where previously they would have been expected to be in halls or sharing HMOs with other students.
Given the levels demand, there is currently a shortage of well-presented rental stock in the market so now is an ideal time to look into offering your property for rent. There is some evidence that those who might usually buy are looking to rent initially in these uncertain times and that is good news for existing and new landlords.
Rental yields remain strong with a decent entry level flat obtaining £400 plus per month, and some larger family homes in sought after areas such as Broughty Ferry easily obtaining over £1,000.
According to the latest Citylets research, the city posted an annual gain of 4.2% YOY to average £625 per month. The marker moved swiftly with a TTL of 21 days, down six on the previous year.
The indications are that this shortage of supply and strong demand could well continue into 2021, especially as optimism appears to be growing with the positive news around a Covid vaccine.
With prospects of a gradually improving economy hopefully not too far away, this could well be a good opportunity for existing landlords looking to expand their portfolio or potential landlords to invest in property.
Dundee sits at the heart of a region, Tayside, on the banks of the longest river in Scotland, the Tay.
The City of Discovery, once known for jute, jam and journalism, has been undergoing an economic and cultural renaissance during that last three years, with the new V&A museum at its heart.
The Waterfront has benefitted from a £1billlion regeneration project, including new office developments, hotels and a fully redeveloped railway station. The city has a range of primary and secondary schooling, and is home to both Ninewells, one of the UK’s most highly respected teaching hospitals and the globally respected Universities of Dundee and Abertay. Dundee was also at the forefront of the UK’s developing games industry, and is considered a centre of excellence in the sector.
Dundee has comprehensive road and rail links to the north, south and west and it has also had its own airport since 1963, with the current terminal having opened in 1997.
Angus is large rural region, bordering Dundee to the south, Perth and Kinross to the west and Aberdeenshire to the north.
Known as Scotland’s fruit basket to some for its fields of raspberries and strawberries it is also, arguably the birthplace of the country.
The area is home to many historic towns, not least Arbroath, on the North Sea coast. The town is celebrated for many things, including its world class Smokies but its most enduring legacy is the now legendary Declaration of the same name, which declared Scotland an independent nation.
Next door, to south, is the golfing town of Carnoustie, where, many would argue, lies the toughest golf course in world. Carnoustie, like many other Angus towns, was built on agriculture but in the last few decades it, like those other areas, has developed into the ideal spots for commuters.
Among the other larger towns is Forfar, famous for its Bridies, an ancient settlement, dating back to Roman times. It is around five miles from Glamis Castle, the ancestral home of HM Queen Elizabeth the Queen Mother.
Montrose, which is situated between the mouths of the North and South Esk rivers, is the northern most coastal town in Angus. The town has a view of the tidal lagoon, Montrose Basin, which you will pass on the train, and which is the largest inland salt water basin in the UK.
There are many other significant areas of interest such as Brechin, a cathedral city, and Kirriemuir, the birthplace of Peter Pan creator J M Barrie.
Combining some stunning scenery with a reasonable travelling distance to most parts of Scotland, and the east coast mainline passing straight through much of it, Angus has always proved to be of great attraction to both visitors, and those choosing the perfect place to live.
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Paul Flecher-Herd helped make me feel confident that my interests were in safe hands. Communication was excellent, always prompt and to the point. Completion day can be stressful, but Paul kept on top of everything and advised me of the process.
I. Lovell, purchase client
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