Buyers will have more choice and prices will be more competitive in this yearâ€™s property market
Although those in the property business are forecasting another difficult year, Matthew Sinclair, director of Saint Property, Edinburgh, also predicts a positive side, with those who are in a position to purchase this year having much more choice. ‘There is always apprehension when an election is on the horizon. In 2009 the market has been drive by lack of supply.
The second half of 2009 has shown an increase in transactional activity, with the deals that have been done being predominantly cash-based. Going forward, buyers will continue to require a significant cash element to make a purchase and get the best deals’ he says. He also comments that the top end of the market with properties costing upwards of £1million would be hit hard again and more property would become available. ‘We can expect to see some large properties on the market, some of which hardly ever change hands, both in terms of residential and rural properties, including farms and estates,’ he says. Matthew Sinclair also thinks that it is likely that there will be a period where supply outstrips demand, and if interest rates move upwards, that supply will continue to grow and buyers will have more choice, with prices being more competitive.
Easterknowe Steading, Stobo
Easterknowe is described as a charming Victorian steading in an elevated position in Peeblesshire, close to the Stobo Castle Health Spa and just six miles from the town of Peebles. The steading was converted approximately 19 years ago and is now a beautiful home offering spacious and adaptable living. Accommodation comprises an entrance hall, shower room with WC, large kitchen/dining/ sitting room, drawing room, utility room, gun/ rod room, three bedrooms and a bathroom on the ground floor. ‘There will be a period where supply outstrips demand and if interest rates move upwards, that supply will continue to grow.’ The first floor houses the master bedroom with en suite bathroom and shower, and dressing room.
The property also comes with a large outbuilding/steading, which could be converted into additional accommodation, workshop or garaging space, subject to the necessary planning permission. There is also a stone barn providing further storage space.
To the side and rear of Easterknowe the garden is laid mainly to lawn, with beech hedging on both sides.
Kinnettles Stables Block, Douglastown, by Forfar, Angus
Lying within the established policies of Kinnettles House, near Douglastown, and close to Glamis and Forfar, Kinnettles Stable Block is a classical Scots Baronial building and is listed Category B for its outstanding architectural and historical interest. The existing accommodation extends to about 333 square metres over two floors with additional loft space of about 125 square metres. Features include extensive ornate detailing with crow-stepped gables, circular turret with weather vane atop, corbels and rope moulding features.
The existing accommodation comprises covered outer entrance, carriage garage with double arch entrance, workshop, three stables, feed room, isolation unit, vehicle maintenance and former groom’s flat and various outbuildings. This property in such beautiful surroundings presents the opportunity to create a generous contemporary family home with a Scots Baronial facade. There are terraced garden grounds amongst established estate policies and a south facing aspect.
Easterknowe Steading, Stobo Offers in the region of £550,000
George Goldsmith, 48 North Castle Street, Edinburgh EH2 3LU Tel: 0131 476 6500
Kinnettles Stables Block, Douglastown, by Forfar Offers over £600,000
Rettie Residential, 1 India Street, Edinburgh EH3 6HA. Tel: 0131 220 4160