knight frank local view scotland, 2014’ · most highly prized choice. whereas the average uplift...
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local ViewSCOTL AND • 2014
62% 9%International
29%Rest of the UK
73%Under £1m
20%£1m - £3m
7%Over £3m
69%Under £1m
19%£1m - £1.5m
12%Over £1.5m
Scotland
For your free market appraisal please call +44 131 222 9600
Knight Frank Scotland 80 Queen Street, Edinburgh EH2 4NF
From our notable office in Edinburgh we cover the whole of Scotland supported by our offices in Aberdeen, Glasgow and Lauder.
We focus on the sale of properties that are “best in class” at whatever level of the market. Scotland is a country of contrasting landscapes and cultures – its countryside and cities are loved and recognised the world over for their variety and unique beauty. Within the last year we have had some really encouraging sales results with a range of property types from the West Coast, Highlands and Islands through to Angus and the north east, the central belt with good commutable properties, to the Borders and South West. These results were achieved through our global marketing network and also off-market, privately through our contacts.
The team were busy in 2013 with various charitable events including the Knight Frank national ‘Day of Giving’, where we
WELCOME TO LOCAL VIEWWelcome to the latest edition of Local View, our seasonal update on the property markets that matter to you. Along with a brief review of activity in Scotland, we have also included a preview of just some of the beautiful properties we currently have available. Please contact your local team for more information and to find out what other opportunities we can offer.
“I am very proud of the performance of my team during 2013 and it is our firm goal to build on this further whilst continuing to provide a first class service to all that we come in contact with during 2014.”
Ran MorganHead of Scotland Residential James Denne
T +44 1578 [email protected]: FarmsYears at Knight Frank: 15
Ran MorganT +44 131 222 [email protected]: Scottish Estates Years at Knight Frank: 7
Michael Jones T +44 131 222 [email protected]: Country housesYears at Knight Frank: 13
Michael IrelandT +44 131 222 [email protected]: ValuationsYears at Knight Frank: 8
Clive HopkinsT +44 20 7861 [email protected]: Farms and estatesYears at Knight Frank: 25
MEET THE TEAM
raised over £100,000 for LandAid, the Kids’ Company, Mary’s Meals, St Barnado’s and the MPS Society. We took on the challenge of a bike ride on a static bike aiming to get as far north of Edinburgh as we could get and reached the Black Isle after 264km of hard cycling. Towards the end of the year, we helped raise money for wonderful charities including Cancer Research UK, The Daisy Chain Trust, Hounds for Heroes and CLIC Sergeant Scotland, through various Christmas fairs. In 2014, we will be sponsoring the Knights of Malta Ball which raises money for The Order of Malta’s work with Syrian refugees in Lebanon.
The year ahead will be a landmark one for Scotland when our constitution faces its biggest potential change in hundreds of years. The independence referendum will continue to dominate discussions and market predictions for 2014.
Demand for agricultural land, forestry and good quality sporting estates remains. Confidence at last is returning to the rural housing sector with a rise in prices seen for the first time in several years during the last quarter. The uncertainties surrounding the outcome of the referendum and its effect on the market will become clearer throughout 2014 as the predictions of the likely outcome become more accurate. As things stand we see no reason for this improved appetite of buyers to be diminished in the months ahead.
SALES BY PRICE BAND
WHAT ARE OUR BUYERS LOOKING TO SPEND?
WHERE DO OUR BUYERS COME FROM?
Local View | 32 | Local View
DERVAIG GUIDE PRICEISLE OF MULL £1,650,000
LOCH CRAIGNISH GUIDE PRICEARGYLL & BUTE £3,000,000
PORTPATRICK GUIDE PRICEDUMFRIES & GALLOWAY £485,000
INNELLAN GUIDE PRICEARGYLL £525,000
A s an island nation, Britain has an enduring fascination with water. And it’s a relationship that’s directly reflected in the prices we are prepared to pay for sea view or river frontage property. In some of the most prized locations,
the premium stands at over 100%.
Despite having thousands of miles of coastline and estuaries, the UK still has an under supply of waterfront properties. With more people wanting to live by our beaches and rivers than properties available, market forces have driven prices up significantly over the years.
For some it’s a retirement choice – the lure of a quiet life fishing and messing about in boats. For others it’s a lifestyle change, swapping their home in the commuter belt for more space and a gentler pace of life. Then there are the second-homers. A waterside bolthole for the family can also be an excellent source of rental income.
Whatever the motivation for buying next to the water, it seems coastal living is the most highly prized choice. Whereas the average uplift for waterfront properties is 51.5%, the figure for properties with coastal views is 78%.
And if a home has direct access to water, its own pontoon or slipway, this can as much as double the asking price compared to similar properties without this all-important feature.
Whatever your interest in waterfront property – whether you are looking to sell or to buy – our team has a wealth of experience of advising on some of Scotland’s finest coastal and lochside real estate. From shoreside cottages and riverside family homes to contemporary cliff-top properties, we have a long track record of bringing buyer and seller together. If you would like to know more about how we could help, please do not hesitate to get in touch.
For a premium price tag,
just add water
4 | For your free market appraisal please call +44 131 222 9600 or visit KnightFrank.co.uk/edinburgh-resi
a lifestyle choice
A SELECTION OF PROPERTIES for sale
1. Forres Moray
2. Paxton Berwickshire
1 Comprising an Edwardian mansion house with remarkable views. EPC rating F.
w 16 bedrooms w 5 reception rooms w 8 bathrooms w Integral house keepers wing with 3 bedrooms
w A cottage in need of renovation w Rough shooting and roe deer stalking
In all about 190.5 acres
OFFERS IN EXCESS OF £1,950,000
2 Period village house with spectacular views. EPC rating D.
w 2 reception rooms w 4 bedrooms w 5 bathrooms (3 en suite) w Outbuildings/laundry room w Greenhouse and garden store w Parking for 5 cars
In all about 0.3 acre
GUIDE PRICE £415,000
3 Extensive family home within beautifully matured grounds. EPC rating D.
w 7 double bedrooms (4 en suite) w 3 bedroom cottage w Beautifully matured gardens w An equestrian arena w Extensive garden lawns w Views over Kirkcudbright and the River Dee
In all about 13.59 acres
OFFERS IN EXCESS OF £895,000
4 A productive stock farm in the heart of Nithsdale. EPC rating E.
w 4 bedroom traditional farmhouse w Productive pasture, woodland w Modern range of farm buildings w 3 bedroom cottage w Planning permission for 15kw wind turbine
w Entitlement for SFP on all eligible land
In all about 186 acres
GUIDE PRICE £1,150,000
5 A secluded country estate with an attractive principal house. EPC rating E.
w 6 bedrooms w The barn - 2 bedroom with en suite
w Old Mill - 2 bedroom w Garage block w Tennis court w Attractive gardens and wooded grounds
In all about 19 acres
OFFERS IN EXCESS OF £950,000
6 A country estate with a beautiful Arts and Crafts mansion house. EPC rating F.
w 5 bedrooms w Extensive garage block with space for 6 cars
w 2 cottages w Stables with consent for conversion to residential use
w 2 large paddocks w 6 acre trout loch
In all about 32 acres
OFFERS IN EXCESS OF £1,700,000
3. Kirkcudbright Dumfries & Galloway
4. Auldgirth Dumfries & Galloway
5. Dalbeattie Dumfries & Galloway
6. Bridge of Weir Renfrewshire
PROPERTIES FOR SALE IN scotlandBelow we highlight just a small selection of properties currently for sale in Scotland with Knight Frank. Please call to find out about other properties we have available which suit your requirements.
For your free market appraisal please call +44 131 222 9600 or visit KnightFrank.co.uk/edinburgh-resi | 76 | Visit ‘My Knight Frank’ at KnightFrank.co.uk/edinburgh-resi to register for alerts on the best properties for sale and research from around the world
A SELECTION OF PROPERTIES for sale
11 Two former light keepers houses in a spectacular cliff-top situation. EPC rating E.
w 6 bedrooms w Lighthouse cottage - 3 bedrooms
w Views of dramatic coastline
In all about 3 acres
OFFERS IN EXCESS OF £485,000
7 An attractive residential farm with fertile arable ground and amenity woodland. EPC rating D.
w Period farmhouse with 3 reception rooms
w 5 bedrooms w 5 bath/shower rooms w Garden, paddock, woodland w Useful range of farm buildings w 40 acres Class 3(i) arable land and 9 acres grazing
In all about 67.62 acres
GUIDE PRICE £525,000
12 Beautiful country residence standing high above the banks of the River Nith. EPC rating F.
w 6 bedrooms w Attractive gardens w Wooded grounds w Tennis court w Stone barn w Detached cottage available separately
In all about 4.38 acres
OFFERS IN EXCESS OF £650,000
8 A beautiful country residence with private garden grounds and woodland. EPC rating E.
w 4 bedrooms w Summer house w 3 reception rooms w Studio w Private gardens and woodland w Garden store and courtyard w Garage
In all about 4.9 acres
OFFERS IN EXCESS OF £800,000
13 An attractive residential estate with principal house and grazing. EPC rating E.
w 7 bedrooms w 4 reception rooms w Self contained flat w Courtyard of traditional stone buildings
w Extensive equestrian facilities w Beautiful gardens w Cottage available separately
In all about 30 acres
OFFERS IN EXCESS OF £630,000
9 An elegant, traditional detached villa with exceptional coastal views. EPC rating E.
w 5 bedrooms (3 en suite) w 5 reception rooms w Conservatory w Turret room w Attractive mature landscaped gardens
In all about 1.2 acres
OFFERS IN EXCESS OF £525,000
14 Period farmhouse with spectacular views. EPC rating D.
w 2 reception rooms w 4/5 bedrooms w Conservatory w Garden, wooded grounds and burn
w 2 ponds w Useful outbuildings/stores
In all about 5 acres
GUIDE PRICE £425,000
10 A stunning new house adjacent to the world famous Gleneagles Hotel. EPC rating C.
w 7 bedrooms w 4 reception rooms w 6 bathrooms w Double garage w Ryder Cup 2014 tickets included
Approximately 8,145 sq ft
GUIDE PRICE £2,500,000
11. Portpatrick Dumfries & Galloway
7. Muir of Ord Inverness
12. Thornhill Dumfries & Galloway
8. Loganbank Midlothian
13. Lockerbie Dumfries & Galloway
9. Innellan Argyll
14. Jedburgh Roxburghshire
10. Gleneagles Perthshire
For your free market appraisal please call +44 131 222 9600 or visit KnightFrank.co.uk/edinburgh-resi | 98 | Visit ‘My Knight Frank’ at KnightFrank.co.uk/edinburgh-resi to register for alerts on the best properties for sale and research from around the world
A SELECTION OF RECENTLY SOLD PROPERTIES
SOLD
OFFERS IN EXCESS OF £550,000
6. Newlandrig Midlothian
SOLDOFFERS IN EXCESS OF
£950,000
7. Peebles Peeblesshire
SOLDGUIDE PRICE
£499,950
1. Tobermory Argyll & Bute
SOLDOFFERS IN EXCESS OF
£1,650,000
SOLDOFFERS IN EXCESS OF
£675,000
SOLDGUIDE PRICE
£795,000
9. Tyndrum Perthshire
SOLDOFFERS IN EXCESS OF
£325,000
3. Lochinver Highlands
SOLDOFFERS IN EXCESS OF
£225,000
10. Lochgilphead Argyll
SOLDOFFERS IN EXCESS OF
£495,000
4. Jedburgh Roxburghshire
SOLDGUIDE PRICE
£550,000
2. Ecclefechan Dumfries & Galloway
5. Stobo Scottish Borders
8. Dumfries Dumfries & Galloway
PROPERTIES SOLD IN ScotlandOur track record has always set us apart from our competitors and illustrated below is an impressive selection of properties we have recently sold in Scotland.
For your free market appraisal please call +44 131 222 9600 or visit KnightFrank.co.uk/edinburgh-resi | 1110 | Visit ‘My Knight Frank’ at KnightFrank.co.uk/edinburgh-resi to register for alerts on the best properties for sale and research from around the world
A SELECTION OF RECENTLY SOLD PROPERTIES
17. Kelso Roxburghshire
SOLDGUIDE PRICE
£1,000,000
11. Jedburgh Roxburghshire
SOLDGUIDE PRICE
£420,000
18. Tweedsmuir Peeblesshire
SOLDGUIDE PRICE
£450,000
12. Bankfoot Perthshire
SOLDOFFERS IN EXCESS OF
£2,850,000
19. Duns Berwickshire
SOLDGUIDE PRICE
£650,000
13. Auldgirth Dumfries
SOLDGUIDE PRICE
£4,500,000
20. Kelso Roxburghshire
SOLDGUIDE PRICE
£650,000
SOLDGUIDE PRICE
£395,000
14. Blairgowrie Perth & Kinross
21. Huntly Aberdeenshire
SOLDOFFERS IN EXCESS OF
£1,870,000
15. Kelso Roxburghshire
SOLDOFFERS IN EXCESS OF
£500,000
SOLDGUIDE PRICE
£425,000
22. LOCKERBIE DUMFRIES & GALLOWAY
16. Near Symington South Ayrshire
SOLDGUIDE PRICE
£900,000
For your free market appraisal please call +44 131 222 9600 or visit KnightFrank.co.uk/edinburgh-resi | 1312 | Visit ‘My Knight Frank’ at KnightFrank.co.uk/edinburgh-resi to register for alerts on the best properties for sale and research from around the world
1. Particulars: These particulars are not an offer or contract,
nor part of one. You should not rely on statements by
Knight Frank LLP in the particulars or by word of mouth or
in writing (‘information’) as being factually accurate about
the property, its condition or its value. Neither Knight
Frank LLP nor any joint agent has any authority to make
any representations about the property, and accordingly
any information given is entirely without responsibility on
the part of the agents, seller(s) or lessor(s).
2. Photos etc: The photographs show only certain parts
of the property as they appeared at the time they were
taken. Areas, measurements and distances given are
approximate only. Any computer generated images (CGI)
are indicative only.
3. Regulations etc: Any reference to alterations to, or use
of, any part of the property does not mean that any
necessary planning, building regulations or other consent
has been obtained. A buyer or lessee must find out by
inspection or in other ways that these matters have been
properly dealt with and that all information is correct.
4. VAT: The VAT position relating to the property (where
applicable) may change without notice. Whilst every effort
has been made to ensure the accuracy of the information
contained in this publication, the publisher cannot accept
responsibility for any errors it may contain. All rights
reserved. No part of this publication may be reproduced,
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recording or otherwise, without prior permission of Knight
Frank LLP, 55 Baker Street, London W1U 8AN.
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office is 55 Baker Street, London, W1U 8AN, where you may
look at a list of members’ names. This report is published
for general information only and not to be relied upon
in any way. Although high standards have been used in
the preparation of the information, analysis, views and
projections presented in this report, no responsibility or
liability whatsoever can be accepted by Knight Frank LLP for
any loss or damage resultant from any use of, reliance on
or reference to the contents of this document. As a general
report, this material does not necessarily represent the view
of Knight Frank LLP in relation to particular properties or
projects. Reproduction of this report in whole or in part is
not allowed without prior written approval of Knight Frank to
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w Finding a property to buy w Financing your purchase w Property search and acquisition w Services for international buyers w Investing in property portfolio w Valuations
Property in central London please contactNoel Flint on +44 20 7861 5020
UK property outside of London please contactDavid Peters on +44 20 7861 1067Rupert Sweeting on +44 20 7861 1078
UK farms and estates please contactClive Hopkins on +44 20 7861 1064
Property outside of the UK please contactPaddy Dring on +44 20 7861 1061
Knight Frank’s property search service contactPhilip Selway on +44 20 7591 2647
For more information about financing and mortgage options with Knight Frank Finance, please contactSimon Gammon on +44 20 7268 2581
RENTING, LETTING AND MANAGING RESIDENTIAL PROPERTY
w Finding a property to rent w Arranging a tenancy w Rental property for corporates w Relocation services w Valuations w Services for landlords w Letting your property w Property management w Lettings management
For more information on renting, letting and property management with Knight Frank please contactTim Hyatt on +44 20 7861 5044
COMMERCIAL PROPERTY SERVICES
Through our global alliance with US based Newmark Grubb Knight Frank, the Commercial division of Knight Frank encompasses over 370 offices worldwide.
To find out more about Knight Frank’s commercial property services contactJohn Snow on +44 20 7861 1190
CONSULTING AND PROFESSIONAL SERVICES
Our world-class research team ensures that we lead the field in understanding the key drivers of the residential property market. This means that we price and market property to deliver a sale or rental in the most effective way.
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To find out more about Knight Frank’s consultancy services contact James Thompson on +44 20 7861 1075
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For more information about our residential development team please contact Stephan Miles-Brown on +44 20 7861 5403
Whether you are buying a beautiful house for personal enjoyment or want to invest in a portfolio of rental properties, we can help.
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Selling, letting, consulting and research
For your free market appraisal please call +44 131 222 9600 or visit KnightFrank.co.uk/edinburgh-resi | 1514 | Visit ‘My Knight Frank’ at KnightFrank.co.uk/edinburgh-resi to register for alerts on the best properties for sale and research from around the world
loan against a race horse
loan against fine wine
It’s not just what we know. It’s who we know.
In addition to being a market leading mortgage broker, our expert knowledge has helped our clients to secure finance against a variety of assets, not simply property.
What sets us apart is who we know. Our long established relationships with an extensive network of lenders and private banks ensure that we get the best terms for our clients, many of which are not available on the high street.
To find out more, please call
+44 1372 434138 KnightFrankFinance.co.uk
loan against an art collection
3416 KFF edit to Country view back cover.indd 1 06/12/2013 17:05