Our Clyde Property branch in the historic, university city of Stirling is continuing to flourish as we navigate our way through January. Reportedly the most affordable UK city to live in, Stirling property currently has an overall average price of £162,616. Sales and lettings in our local branch have seen fantastic growth in the final two quarters of 2016. We experienced a 28% increase in sales of properties below £400,000 – a reported 9% rise across all price bands, and we achieved an average sale price of £203,000 – significantly higher than the regional average and 1% above Home Value reports.
The property sales market outside the city has also performed incredibly well, particularly in the ‘hotspots’ of Dollar, Dunblane and Bridge of Allan, with four of our properties in Dunblane achieving sale prices in excess of £500,000. The first local sale above £1.3 m was reported at the beginning of 2016, and Kippen and the western villages witnessed some great results in the third quarter, with three sales above Home Report values. Our most most notable sale of the year was a stunning 6 bedroom villa on Clarendon Place, which received an offer in excess of £800,000.
Based on current trends and the latest statistics there is an opportunity of capital growth in Stirlingshire over the next five years. Due to record record low interest rates, mortgages are increasingly affordable for first-time buyers and current home owners looking for more favourable rates for a new or existing property.
Stirlingshire Rental Market
Our lettings team continues to receive multiple applicants for each and every one of our rental properties and an increase in buy-to-let investment purchases in the first two quarters of last year. Throughout 2016, rental values showed strong signs of improvement, with a significant rise in demand for two bedroom flats and family homes in and around Stirling city centre. Properties in Bridge of Allan are consistently popular and have experienced a 10% increase in rental price since 2015. With an average let-time of just 7 days, Stirlingshire continues to be a reliable and lucrative area for landlords and property investors.
Watch the latest market property trends in Stirling for letting and sales!
What’s on in Stirlingshire
Old Town Jail, St John Street, Stirling
The Stirling Ghost Walk has been delighting locals and visitors for 25 years. A distinctive mix of comedy, drama, fact, fable and traditional storytelling, this is the perfect family activity to enjoy on a cold, dark evening! Shows take place on a Friday and Saturday evening at 20:30.
Active Kids at the PEAK
Stirling Sports Village, 13th – 17th February
A great way to keep the kids active and entertained during the school holidays this February. The Active Kids programme includes a huge range of fun sports and activities to suit all ages, including basketball, badminton, volleyball, athletics, curling, swimming, ice skating, dancing, golf, nature walks and much more!
Revel with Rabbie
Stirling Castle, Sunday 22nd January, 12-4pm
Celebrate the life and works of Scotland’s most revered poet, Robert Burns, in the city’s more iconic location. Guest will learn how about the Stirling Lines and address the haggis, followed by a dram and a bite of our national dish. More information available here.
Burns Celebratory Tour
The Riverside House, Stirling, Friday 27th January
Caledonian Cowboy hosts an enjoyable evening of piping, Burns’ poetry, and a specially prepared 3-course meal at The Riverside House. Pre booking only @ £35 per person. Info and tickets available online.
An Audience with Nick Nairn
Dunblane Hydro, Friday 27th January
Hosted by Stephen Jardine, enjoy an evening of food, drinks, live entertainment, and a Q&A with Michelin Star chef Nick Nairn. £49 per person, which includes a welcome drink, canapés, and a 4-course meal designed by the renowned Scottish chef. Tickets available online.
Clyde Property is a leading independent, multiple award winning estate and letting agent with 30 years’ experience in selling and letting property in Scotland. Just call your local Clyde Property branch today, for friendly, impartial advice on finding your next dream home.