Table of Contents
- Auction Properties In Perth
- Property Prices In Perth And The Surrounding Area
- Where Should You Look For Auction Properties In Perth?
- Auction Properties in Perth FAQ
- What Kinds Of Auction Properties In Perth Are Available?
- Five Reasons To Buy Auction Properties In Perth
- Some Final Thoughts About Buying Auction Properties In Perth
Auction Properties In Perth
Buying Auction Properties In Perth, Scotland
Moving somewhere that has been characterised as ‘The Fair City’ has been a driving factor for people buying auction properties in Perth. Moving to Scotland can mean lower property prices and a lower cost of living. You will also find an abundance of choice for locations and types of property. Investors from everywhere are looking at buying auction properties in Perth. There are both expensive areas and places where properties are more modestly priced. This article will give you some information and pointers about property auctions in Perth.
Property Prices In Perth And The Surrounding Area
The annual change for property prices in Scotland from 2019 to 2020 is 2.5% up but in Perth prices have fallen by 0.5%. This provides a great opportunity to secure an auction property in Perth at a lower price. The average price paid for property in Perth is currently £192,000. A 2-bedroom apartment in Perth is priced upwards of £163,000 and a 6-bedroom detached house can cost over £750,000.
Location is a vital factor in property prices and outside the city of Perth you can find cheaper options. In Blairgowrie there are several sites where a 2-bedroom luxury park home can be purchased for around £105,000. In the same area a former social housing 1-bedroom flat is valued at around £47,500. Properties in Perth and the surrounding area are plentiful but are snapped up quickly. Whether you want a countryside home or a property in the city you will find lots of choice.
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Where Should You Look For Auction Properties In Perth?
Choosing a location to find auction properties in Perth should be top of your list. Perth and Kinross is the administrative centre and this covers many small towns and villages as well as the city. Perth has a population of about 48,000 and is one of the seven cities in Scotland. The economy is diverse and developing industries of insurance, renewable energies and healthcare has been a big stimulus for employment. However, if you want a home outside of the city the areas listed below have possibilities.
Aucterarder is a small town close to Gleneagles Golf Course. The proximity of the golf course means prices are some of the most expensive in Scotland with a 3 bedroom terrace house costing around £188,000. The A9 connects the town to Stirling and Perth. Tourism means that the town has a good selection of independent cafes and shops.
Lying on the River Tummel just 28 miles north of Perth is Pitlochry. The town is comprised of largely Victorian properties but just outside you can find expensive detached country houses and cheaper detached bungalows. Pitlochry is close to Balmoral so attracts many tourists. Buying an auction property here as holiday home could provide a good annual income.
Blairgowrie is a town with a population of around 10,000. Public transport is provided by Stagecoach buses with routes to Dundee, Perth and other towns. There is also a circular local bus service. A small 2-bedroom bungalow park home can cost as little as £70,000 and you can get a 1-bedroom terrace house for a similar price. There are more expensive properties available with a 4-bedroom detached house costing around £530,000. The diverse types of property in Blairgowrie make it a very attractive choice for buying auction properties.
The Scottish market town of Crieff sits on the A85 road between Perth and Crianlarich. Famous for whiskey, the town attracts many tourists who come to see the distilleries and the famous Crieff Hydro. There is a wealth of expensive properties for sale in Crieff but there are also bargains. A 1-bedroom flat in the town centre can cost as little as £50,000 and could make a good investment as a holiday home or rental.
From Aberfeldy to Perth is 57 miles and you can get there by road or by a train to Pitlochry and then by bus. This pretty town has diverse properties including cottages and flats. A small holiday lodge will cost around £120,000 and an upgraded 2-bedroom semi is priced around £150,000. In the town square there are shops and restaurants. Close by is an 18 hole golf course. Whether you want to live here or buy an investment property, this town is well worth consideration.
Auction Properties in Perth FAQ
How Can I Find Auction Properties In Perth?
Finding auction properties is simple if you look on auction house websites or in the local newspapers. Estate agents may also advertise up and coming property auctions in Perth.
How Much Are Auction Properties In Perth?
Prices for auction properties in Perth vary according to location, size and the condition of the building. A guide price for a 4-bedroom flat can be as low as £99,500 but the final price depends upon the bidders. Surrounding areas such as Blairgowrie and Pitlochry are also worth investigating.
Which Areas Are Best To Find Auction Properties In Perth?
The best areas for auction properties in Perth tend to be near the city center and within walking distance of some of the schools. Properties are available within the city and in surrounding areas like Pitlochry and Blairgowrie as well as the countryside around the city of Perth.
Can I Buy Repossessed Properties At Auction In Perth?
Perth does have repossessed properties that are available to buy at auction. All finance companies and banks will list their available repossession properties for sale but these properties tend to be sold via estate agents as opposed to property auctions. The easiest way to get a list of these is to contact local banks or finance companies in the Perth area.
What Kinds Of Auction Properties In Perth Are Available?
The wide range of auction properties in Perth and the surrounding areas consist of residential, commercial, industrial and buy-to-let buildings. Perth attracts many tourists so buying a residential auction property is a good investment. Equally, the opportunity to buy a commercial auction property in retail or a business office is not to be missed.
Residential Auction Property In Perth
Buying auction property at a lower price than estate agent listed properties can give you the opportunity to get a bargain. The guide price for a 1-bedroom flat in Perth can start as low as £55,000. Similarly, you can get a larger 3-bedroom terraced house starting at £120,000. Tourism in the area makes rental property very sought after as a good investment.
Commercial Properties For Auction In Perth
Buying an auction commercial property can be an excellent investment and in Perth you can get retail premises either with accommodation or separately. Commercial auction properties include popular tourist hotels which also include accommodation. A guide price for a 7 bedroom, 2-bedroom private accommodation hotel with bar and tea room can be set as low as £188,000.
Buy-To-Let Auction Properties In Perth
Perth has a thriving tourism economy so purchasing a buy-to-let auction property can be a sensible investment. You can rent out a property as a holiday home or choose long term rental. A 4-bedroom detached house can give you a rental income of £1,400 per calendar month. A 2-bedroom flat in Aucterarder close to Gleneagles can pay £620 per calendar month. You can get more if you choose to rent property as a holiday home but income throughout the year is not guaranteed.
Resources for property buyers in Perth:
Council tax rates in Perth and Kinross and surrounding areas
Find out more general information about Perth, Scotland
Auction properties in Scotland
Five Reasons To Buy Auction Properties In Perth
1. Good Connections To The Rest Of Scotland
Perth has been described as the heart of Scotland and is an ideal place to live whether you want to work in Glasgow or Edinburgh. This pretty city has handsome architecture and plenty of bars and restaurants. Trains to Dundee are hourly. You can find Georgian townhouses, Victorian Villas and stately homes on the outskirts.
2. Perth Is A Small Friendly City
Perth has a small population so living there feels less like a city than a friendly town. It is a safe space and was voted one of the most desirable places to live in Scotland. Perth is also very family friendly with excellent schools and Perth College which belongs to the University of the Highlands and Island.
3. Perth Is Full Of History
Local places of historical interest include the Scone Palace where Scottish Kings were crowned and Blair Castle. Sir Walter Scott wrote The Fair Maid of Perth and since then this beautiful place has been called The Fair City. St John’s Kirk and Huntingtower Castle provide the perfect backdrop to the historic city.
4. Perth Has Properties To Suit Everyone
Properties in Perth include traditional Georgian and Victorian houses but there are also modern flats. The location of the city within easy reach of the stunning countryside makes it a very attractive place to live.
5. Market Town Lifestyle In The City
The slower pace of life in Perth makes it a charming place to live. A farmer’s market takes place each month and the High Street has a good mix of shops, restaurants and bars which cater for all tastes. The theatre in Perth provides shows and music concerts and you can also find museums and an art gallery.
Some Final Thoughts About Buying Auction Properties In Perth
Competition amongst buyers of auction properties can vary. However, bids are all out in the open so you can see exactly who you are bidding against. If the number of properties put up for auction in Perth is low then competition is more fierce. A number of auction properties around Perth and surrounding areas may be in need of partial or complete renovation so it is wise to get a survey and view before bidding. Equally important is to stick to your budget and never bid on impulse.