Property Auctions in Dundee

Houses at property auctions in Dundee, Scotland
Property auctions in Dundee, Scotland are a great place to view and bid on bargain properties. Photo © JThomas (cc-by-sa/2.0)

Property auctions in Dundee, Scotland

Both home buyers and property investors are becoming more aware of the benefits of buying at property auctions in Dundee. Located on the banks of the River Tay, Scotland’s fourth largest city has a lot to offer from first-class amenities to living costs 10%-20% lower than the rest of the UK.

This has been recognised by the ‘Sunday Times’ which has voted Dundee the award of ‘Best Place to Live’ twice.

Traditionally associated with the ‘3 Js’ – (jute, journalism and jam), Scotland’s sunniest city now offers inhabitants job opportunities in industries as diverse as digital entertainment, business and financial services. When considering all these factors, attending property auctions in Dundee makes perfect sense.

Photo of some properties in Dundee, Scotland
You will find a very good variety of lots at property auctions in Dundee, from houses and flats to studio’s, bedsits and commercial properties. Photo © Mike Pennington (cc-by-sa/2.0)

Scottish property auctions:

Property prices in Dundee, Scotland

Dundee is a city of extremes when it comes to property prices. The average price of property there varies according to both its size (number of bedrooms) and its condition. In general, Dundee is a good reflection of the property market in Scotland.

Although it is possible to find cheap property for sale in Dundee for £50,000-£90,000, these tend to be poorly maintained buildings, often former council homes. many of these properties require renovation and care should be taken before placing a bid for properties like these.

For normal housing stock at most property auctions in Dundee, a starter home will sell at £110,000, a mid-market property in Dundee averages at £160,000 while properties at the high end of the market are sold for around £266,000.

Location is another main factor affecting property prices in Dundee. Waterfront homes in Dundee with spectacular views range from £265,000-£400,000+.

Photo of terraced houses for sale in Dundee
At any property auction in Dundee it is not unusual to find a selection of very interesting properties for sale, such as these terraced houses. Photo © Graham Robson (cc-by-sa/2.0)

Finding bargain properties in Dundee

The wide range of lots at property auctions in Dundee reflect the city’s industrial and commercial past and its rise and fall in economic power. The housing stock includes the imposing former mansions of the jute barons, Victorian and Edwardian terraced houses, post-war semi-detached homes as well as waterside cottages.

Many of the larger Victorian townhouses in Dundee city centre have been renovated and converted into flats and bedsits. For savvy property investors, Dundee is an excellent location to buy renovation properties sold at auction.

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The best areas to find bargain properties for those interested in attending property auctions in Dundee are the following:

Property in Dundee West End

Stretching to Perth Road in the west of the city, Dundee’s West End is in the centre and provides easy access to the city’s Cultural Quarter with its first-class theatres. Despite its central location, it has a lot of greenery including the city’s oldest park (Magdalene Green).

This area appeals to young professionals as well as being popular among students at the University of Dundee. Its housing stock is mainly Edwardian homes, some of which have been converted into flats. Property prices in Dundee west end range from £190,000 to £240,000.

Photo of properties in the west end of Dundee
The west end of Dundee can provide surprisingly good deals at local property auctions, especially with flats and studios. Photo © Stephen McKay (cc-by-sa/2.0)

Property in Menzieshill, Dundee

Located in the west, Menzieshill is a 20-minute bus ride from Dundee city centre. It is especially popular among first-time buyers and young professionals getting their foot on the property ladder.

The suburb is half council housing (to the west) and half private housing. The stock mainly consists of terraced houses and modern flats and is considered to be in the lower range of property prices. Menzieshill is a place where it is possible to buy a cheap auction property (£50,000-£100,000).

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Property in Broughty Ferry

Although originally a separate borough, Broughty Ferry was incorporated into Dundee in 1913. Only 4 miles east of the city centre, it is located on the banks of the Firth of Tay with views across to Fife.

This waterside location is the reason why property for sale in Broughty Ferry demands some of the highest house prices in Dundee. Its housing stock includes large mansions (with extensive land attached), villas, detached houses, seaside cottages and waterfront flats.

Property prices in Broughty Ferry range from £190,000 (for a waterfront flat) to £425,000+ for detached homes.

Photo of property in Broughty Ferry
Property in Broughty Ferry is always highly sought after at local property auctions in the Dundee area. Photo © AlastairG (cc-by-sa/2.0)

Lochee Property

The industrial past of Lochee mean that community ties are strong in this suburb two miles west of Dundee. Its easy access to the city centre and affordable housing make this area ideal for young professionals and first-time buyers.

The housing stock consists of terraced houses, some semi-detached houses and bungalows, studio apartments and flats. Prices for flats in Lochee are £70,000-£108,000 while a 3-bedroom bungalow can be purchased for £160,000-£190,000.

Property for sale in Tayport

Although located in Fife across the Tay estuary, Tayport is a popular town for those working in Dundee. Commuting time is about ten minutes by car across the Tay Road Bridge.

With a harbour and stunning views of the Tay and out to sea, Tayport is also close to Tentsmuir Reserve and Forest. For this reason, it is popular with families and those who want to get away from the city. The housing stock in Tayport consists of some modern flats and terraced houses, semi-detached houses and larger detached houses/villas.

You can expect to pay £140,000-£150,000 for a flat in Tayport and around £240,000 for a semi-detached house while detached houses and villas in Tayport are £200,00-£500,000.

Photo showing the village of Tayport near Dundee
Tayport near Dundee is well worth considering when looking at local property for sale in the Dundee area. Photo © James Allan (cc-by-sa/2.0)

Property Auctions in Dundee FAQ

How can I find property auctions in Dundee?

Property auctions in Dundee are advertised in the local press and in the property brochures of local and national auction houses. Filters allow you to narrow down your search among all the different types of property put up for auction in Dundee.

How much are auction properties in Dundee?

The average price of houses at Dundee property auctions is £128,000. However, some areas have homes for sale for under £90,000 while large detached homes in areas like Broughty Ferry can cost in excess of £400,000.

Which areas are best to find auction properties in Dundee?

The West End, Menzieshill, Broughty Ferry and Lochee are the best places to look for property sold at auctions in Dundee. Tayford is in Fife, but it is very close to Dundee, so this is another promising location to look at.

Can I buy repossessed properties sold at auction in Dundee?

Yes, repossessed property in Dundee is frequently sold at local property auctions. If they remain unsold by an estate agent, and sometimes repossessed by a bank, the repossessed properties will be put up for sale at a local property auction in Dundee.

Types of property around Dundee

With the full range of residential, commercial and industrial auction properties in Dundee, there is something to fit all personal preferences and for every budget. Our recommendations are as follows:

Photo of repossessed houses for sale in Dundee, Scotland
Many local auctions have a selection of repossessed houses for sale in Dundee. Photo © JThomas (cc-by-sa/2.0)

Repossessed houses for sale in Dundee

Most local property auctions have a selection of repossessed houses for sale in Dundee which appear in the auction catalogue from time to time. These properties have often been put up for sale by banks or other lenders.

As the lender is often wishing to merely recover the outstanding debt, it is common to find repossessed houses for sale in Dundee with a guide price of around 30% below market value. However, intense bidding and a large amount of interest can easily drive the sale price of the property up.

The key to being successful if you are looking for repossessed property in Dundee and surrounding area is to visit a selection of property auctions on a regular basis, make sure you register with them and, if possible, let the auction house know what you are looking for as they may be able to notify you if a suitable property appears.

The areas to look at are near the University of Dundee (around Perth Road and Blackness) or in north and east Dundee. In addition, Dundee auctions often feature repossessed property for sale in Fife, in places like Tayport. Keep an eye open for local bargains just outside the city.

The housing stock in these areas consists of traditional tenement buildings, terraced housing and some semi-detached houses. Before buying an investment property at auction in Dundee, you should make sure you are familiar with the Scottish equivalent of stamp duty (the LBTT) and Scottish tenancy laws. Dundee Council runs a landlord registration scheme.

Cheap properties in Dundee

It is quite possible to buy a cheap property at auction in Dundee for under £100,000. One area to look is within the DD3 postcode 5 miles north of the city which incorporates areas such as Hilltown, Dronley, Bridgefoot and Downfield.

Another area where you are likely to find cheap property is in the DD4 postcode. This covers an area about 5 miles north-east of Dundee including Craigie, Tealing and Maryfield.

Property auctions in Dundee are well attended, so try to visit a few different auctions before beginning your serious search for an ideal property.

Commercial and industrial properties in Dundee

With a population of 160,000, Dundee is busy enough to support a business but without the cut-throat competition you would expect from larger cities. Retail properties or office space in Dundee can be purchased for £50,000-£100,000, but you should do some market research beforehand to check the best location for your needs.

At the other end of the scale, industrial properties (such as in Dundee’s Dunsinane Industrial Estate) cost £200,000-£1 million depending on the size of the unit.

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Conclusion: Property auctions in Dundee

If you are keen on buying a property at auction in Dundee, there are a wide variety of types and sizes to choose from. If you are relocating for personal or professional reasons, it is worth taking your time before choosing an area in the city which suits you.

Unlike other larger cities in the UK, everything – from retail outlets to evening entertainment – is in a relatively confined area, so you are never far from where you want to go. This easy access along with the safety and friendliness of Dundee are just some of the reasons why it consistently tops the polls as one of the best places to live in the UK.

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