selected branch: Dundee
If you’re looking to buy a house in Dundee, one of the most important things to know is how much it will cost you. We’ve used Zoopla data to put together a list of the average house prices in Dundee, including the cheapest and most expensive areas, so you can plan your move and make the most of your money.
Dundee is one of the cheapest cities in Scotland to buy a house, although Dundee house prices do vary considerably depending on whether you choose to buy in the city centre or in one of the suburbs, as well as the type of house you want to buy. According to data from Zoopla (Mar 2021) by house type to give you a better idea of how far your money will go:
The DD5 postcode region is the most expensive of Dundee’s suburbs. This includes the pretty coastal suburb of Broughty Ferry; Barnhill, in the north east of Broughty Ferry; and Monifieth, which sits on the north bank of the Firth of Tay. The average house price in this area is £300,667.
Across the river in the DD6 postcode region is another much-sought after area, including the pretty coastal commuter towns of Newport-on-Tay, Tayport, Wormit, Balmerino and Gauldry. House prices here average £209,668.
Carnoustie, postcode area DD7, is another expensive area in which to buy a house. Carnoustie is roughly 11 miles northeast of Dundee, and is a popular commuter town for the city. The town boasts a picturesque seaside location, and its golf course, the Carnoustie Golf Links, often hosts the Open Championship. You can expect to pay around £235,483 for a house here.
The DD2 area, just west of the city centre, is another popular area which is reflected in its house prices. This includes the districts of Lochee, Blackness, Ninewells, Menzieshill, Charleston, Balgay, Ardler and Logie, and the average house price here is £262,638
Finally, the DD10 postcode district is another sought-after location in Dundee. This covers the port town of Montrose, 38 miles north of Dundee; the pretty beachside village of St Cyrus; and the small villages of Inverbervie, Hillside and Gourdon. House prices in this region average £295,301.
The cheapest area to buy a house in Dundee is the DD4 postcode district. This covers the former industrial area of Stobswell; the nearby area of Craigie; Pitkerro, which lies to the east of the city centre; Douglas, which is notable for its wind turbines; and the residential area of Whitfield. You can expect to pay around £203,236 to buy a house in this area.
DD3 is another affordable area to look at houses in Dundee. This includes the residential areas to the north of Dundee of St Marys, Downfield, Kirkton, Strathmartine, Coldside and the Hilltown. Here, the average price is £224,392.
If you want to live right in the heart of the city, you can do it on a budget in Dundee, as this is actually one of the areas with the cheapest house prices in Dundee. The DD1 postcode district includes the city centre, university and Riverside, and you can expect to pay £203,763 for a house here.
For those who would rather live further out of the city, the DD9 postcode district is worth a look. This includes the small cathedral town of Brechin, roughly 26 miles north of Dundee, and the neighbouring village of Edzell, which is around 5 miles north of Brechin. To buy a house here, you can expect to pay around £266,843.
Finally, the DD11 postal district also offers some good housing options at affordable prices. The town of Arbroath, on the North Sea coast, is around 16 miles northeast of Dundee, and the small rural village of Friockheim, both offer a taste of countryside life with easy access by car to Dundee. Houses here average £214,997.
If you’re looking to make the most of your budget, consider buying a house in one of Dundee’s up-and-coming areas. These areas have all seen big increases in average property prices over the last 5 years, according to Zoopla data. If you want to make a solid investment, you should consider buying a property in one of these areas.
This includes the DD1 postal district, which includes Dundee city centre, the university and the Riverside area. Here, house prices average £203,763, which has increased by 20.73% over the last five years.
Another great investment option is to buy a property in the DD9 district, covering Brechin and Edzell. House prices here average £266,843, which is an increase of £44,580 over the last 5 years.
Finally, another top option is to look at the DD8 postal district. This covers the Angus towns of Forfar, around 14 miles from Dundee; Kirriemuir, which was the birthplace of JM Barrie; and the small village of Glamis. Here, you can expect to pay around £259,398 for a house, which is an increase of 19.36% compared to 5 years ago.
The amount you can get for your money varies dramatically across Dundee and its suburbs. In the expensive Dundee suburb of Broughty Ferry, for example, you could pay £230,000 for a 3-bedroom semi-detached house. In the cheaper DD4 postcode district, on the other hand, you could buy a 2-bedroom flat for just £100,000.
If you’re thinking of buying a house in Dundee, there are a range of options to suit all budgets. Dundee house prices are generally cheaper than those in other Scottish cities, so you could find a good deal here depending on where you choose to live. The coastal suburbs tend to be more expensive, whilst the inner-city areas offer more affordable housing, with the added benefit of easy accessibility and good transport links.
If you need advice for first-time buying in Dundee – or if you’re looking for a reliable mortgage broker in Tayside – don’t hesitate to contact us today.
We’re experts on all things mortgage-related (and our services are always 100% free).
October 13, 2016
October 13, 2016
