Many buyers are turning their eyes towards Fife and the East Neuk when it comes to the possibility of purchasing a holiday home. Property Sales Manager, Linda Black, can understand why.
As we work through recovery in the property market, many prospective buyers from all over Scotland, the rest of the UK and overseas, are starting to feel more confident.
People who have reduced their mortgage borrowing enough during the recession years may be feeling that they deserve a reward now. That reward may be making the dream of a weekend or holiday home by the sea a reality.
Some of the most picturesque properties in the UK can be found in the East Neuk of Fife. Many holiday homes in the beautiful seaside towns of Crail, Elie, Earlsferry, Anstruther, Cellardyke, St Monans and Pittenweem represent an escape from the rat-race. We are currently seeing huge demand from prospective buyers at our Anstruther branch, which has an excellent selection in all price ranges at this moment in time. Supply can often be a problem but at the moment there is enough to choose from. That could change again very quickly with the demand that is coming in!
For those wishing to use equity from their main home and take advantage of very low interest rates, now is an excellent time to buy that escape home - somewhere to meet and really be a family, a place to chill or even to retire to now or in the future.
The selection of properties available at present for a fair and reasonable price is unusually good. The demand from purchasers catching on to how achievable a second home purchase could actually be for them is creating a real buzz around our Anstruther branch.
Houses in the East Neuk are also perfect to let out as holiday homes. Although these properties have always proven popular with tourists, there should be a substantial upsurge in interest this year from those choosing to take short breaks in the UK as well as their main holidays.
Waterside properties are particularly popular with tourists. For an attractive, end-terrace house in Anstruther or a cottage with a sea view in Cellardyke you can expect to pay around £180,000 to £250,000.
Examples of what we currently have on offer include an exceptional two bedroom first floor flat enjoying stunning sea views, located right next to Anstruther beach. This is available at offers over £189,000. Or an impressive two bed traditional terraced villa located adjacent to the coastal path and close to St Monans windmill with spectacular elevated views toward the Forth, Bass Rock, Berwick Law and Isle of May is presently available at offers over £198,000.
For a slightly higher price, a three bed traditional waterfront home in Pittenweem is presently marketing at offers around £385,000. For the ultimate dream home, we have a magnificent detached Edwardian house - a rarely available five bedroom family home, this property offers the ideal combination of modern luxury together with fine period features, available at offers over £995,000. Many of these beautiful homes will not remain on the market at these prices for long!
East Neuk is a particularly lovely area of the country. Although buying a holiday home here may seem very romantic, it can also be a very safe, secure and serious investment, particularly when getting away from it all sounds like a very good idea indeed.
For more information on the property market in the East Neuk or Fife, get in touch with Linda via email or call 01334 475 151.