Knight Frank Local View Scotland, 2014’ · most highly prized choice. Whereas the average uplift for waterfront properties is 51.5%, the figure for properties with coastal views

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


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



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


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



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



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



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



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



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



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



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


A SELECTION OF RECENTLY SOLD PROPERTIES

SOLD


6. Newlandrig Midlothian

SOLDOFFERS IN EXCESS OF

£950,000

7. Peebles Peeblesshire

SOLDGUIDE PRICE

£499,950

1. Tobermory Argyll & Bute


£1,650,000


£675,000

SOLDGUIDE PRICE

£795,000

9. Tyndrum Perthshire


£325,000

3. Lochinver Highlands


£225,000

10. Lochgilphead Argyll


£495,000


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.


A SELECTION OF RECENTLY SOLD PROPERTIES

17. Kelso Roxburghshire

SOLDGUIDE PRICE

£1,000,000


SOLDGUIDE PRICE

£420,000

18. Tweedsmuir Peeblesshire

SOLDGUIDE PRICE

£450,000

12. Bankfoot Perthshire


£2,850,000

19. Duns Berwickshire

SOLDGUIDE PRICE

£650,000

13. Auldgirth Dumfries

SOLDGUIDE PRICE

£4,500,000


SOLDGUIDE PRICE

£650,000

SOLDGUIDE PRICE

£395,000

14. Blairgowrie Perth & Kinross

21. Huntly Aberdeenshire


£1,870,000



£500,000

SOLDGUIDE PRICE

£425,000

22. LOCKERBIE DUMFRIES & GALLOWAY

16. Near Symington South Ayrshire

SOLDGUIDE PRICE

£900,000


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,

stored in a retrieval system, or transmitted in any form

or by any means, electronic, mechanical, photocopying,

recording or otherwise, without prior permission of Knight

Frank LLP, 55 Baker Street, London W1U 8AN.

Knight Frank LLP is a limited liability partnership registered in

England with registered number OC305934. Our registered

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

the form and content within which it appears.

IMPORTANT NOTICE

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Knight Frank services

Global Headquarters55 Baker StreetLondon W1U 8ANT +44 20 7629 8171

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BUYING AND SELLING RESIDENTIAL PROPERTY

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.

w Valuations w Rural consultancy w Country house consultancy w Renewables and sustainability w Leasehold reform w Property research

To find out more about Knight Frank’s consultancy services contact James Thompson on +44 20 7861 1075

NEW HOMES AND RESIDENTIAL DEVELOPMENT

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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HOME COUNTIESAscot*Esher*Cobham*Virginia WaterHaslemereHorshamGuildford*Tunbridge WellsSevenoaksBerkhamstedBeaconsfield*Henley* Milton Keynes†

SOUTH WESTHungerfordBasingstokeWinchesterExeterBathBristolSherborne

Selling, letting, consulting and research


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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

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3416 KFF edit to Country view back cover.indd 1 06/12/2013 17:05

Documents

Knight Frank Local View Scotland, 2014’ · most highly prized choice. Whereas the average uplift for waterfront properties is 51.5%, the figure for properties with coastal views