New Loan 568 Residential Properties in Dundee
Nov 8, 2017 15:48:30 GMT
oldgrumpy, pikestaff, and 5 more like this
Post by notascooby on Nov 8, 2017 15:48:30 GMT
Other helpful posters have provided local information about investments in their locales, based on their own experiences. I hope to return the favour since I know the areas.I don't think at this time I will be investing so I have no skin in the game. Use or bin as you wish.
The valuers have provided a comprehensive report which seems pretty fair in my opinion. They are a well known and respectable firm in the town.
There are a couple of caveats. The city is given in the report a population of 145,000, but this is a real drop from 180,000 thirty years ago. Unemployment is 2nd highest in Scotland. It is a town that seems to me, as a native, to be down on its luck for some years since the major industries of textiles and engineering closed in the 1980s. My family tells me that many young people still leave the town for better opportunities elsewhere. When I return I see a very visible substance abuse problem.
As regards the properties, the H******* and C****** S***** ones are at the top and, I think, poorer end of the long steep hill and not convenient for the centre of town. That general area I would suggest is a bit run down. L***** has been the poorer part of the city since the late nineteenth century and I still regard it so. P*** Ave is in the West End near B***** Park and I think is slightly better because of its proximity to Broughty Ferry - a prosperous suburb with independent shops, art galleries and nice restaurants.
B******** T****** is in a nice area and very convenient for the much expanded university and possibly Ninewells Hospital which is one of the few large employers left.
Although I cannot comment of the valuations, I can say that where young families can buy, they try to move to the outskirts of the city, east and west to avoid the ring of huge housing estates that blighted the city since the 1960s. None of the properties is in or near these estates. I certainly know that people move outside the city boundary so that their children will get a school in Angus. These will affect the valuation and liquidity of flats.
The valuers have provided a comprehensive report which seems pretty fair in my opinion. They are a well known and respectable firm in the town.
There are a couple of caveats. The city is given in the report a population of 145,000, but this is a real drop from 180,000 thirty years ago. Unemployment is 2nd highest in Scotland. It is a town that seems to me, as a native, to be down on its luck for some years since the major industries of textiles and engineering closed in the 1980s. My family tells me that many young people still leave the town for better opportunities elsewhere. When I return I see a very visible substance abuse problem.
As regards the properties, the H******* and C****** S***** ones are at the top and, I think, poorer end of the long steep hill and not convenient for the centre of town. That general area I would suggest is a bit run down. L***** has been the poorer part of the city since the late nineteenth century and I still regard it so. P*** Ave is in the West End near B***** Park and I think is slightly better because of its proximity to Broughty Ferry - a prosperous suburb with independent shops, art galleries and nice restaurants.
B******** T****** is in a nice area and very convenient for the much expanded university and possibly Ninewells Hospital which is one of the few large employers left.
Although I cannot comment of the valuations, I can say that where young families can buy, they try to move to the outskirts of the city, east and west to avoid the ring of huge housing estates that blighted the city since the 1960s. None of the properties is in or near these estates. I certainly know that people move outside the city boundary so that their children will get a school in Angus. These will affect the valuation and liquidity of flats.
). We will see how few defaults we get in their 7-8% loans soon, and if they are worth investing in.