How can you find a good property deal in Falkirk?

I was having a cuppa with one of my landlords the other day, when he explained there were no property bargains for him to buy in Falkirk. I politely suggested to him that this was ‘hog wash’ (technical term for ‘surely not true Sir’!) and said that I would find a few examples to show him that there were indeed property bargains to be had, you just need to know where to look. We don’t sell property and don’t charge for our advice so we can give impartial advice without any conflict of interest to our landlords.

Here is what I discovered when I did a bit of digging.

A flat in Melrose Place in Falkirk sold in 2008 for £63,250. In October 2015, it sold again for £45,000, a drop in value of £17,750 or 28.85% over the whole 7 year period or 4.63% per annum! A flat at the Maltings development in Falkirk sold for £88,000 in November of last year. When it was last sold in 2007, it was sold for £133,000 which is a fall in value of £45,000 or 33.83% over 8 years or 4.68% per annum. These are both excellent value properties.

Now I accept that 2008 was the height of the boom so you could argue that the Melrose Place property and, to a lesser extent, the Maltings property are a bit misleading so I delved a bit deeper to find some equally good examples when it was not boom times.  A terraced house in Taylor Court that was bought for £86,500 in July 2013 was sold late last year for £77,000 which a reduction in value of £9,500 or 10.98% over this short period of just over two years or 4.81% per annum.  Whilst a semi detached house in Corrie Place that sold for £80,000 in November 2015 had been bought for £117,000 in 2006, a drop in value of £37,000 or 31.62% over the period or 4.02% per annum.

So there are bargains to be had in Falkirk .... there have been in the past, there are currently and there will be in the future.  The trick is to be able to spot them.  We have detailed information about the Falkirk property market at our finger tips which allows us to spot property bargains that we can recommend to our clients. We don't charge for these recommendations.  

If you want some advice, call us on 01324 628332, come and see us in our offices (29 Upper New Market Street, Falkirk) or email either of us (robert@thekeyplace.co.uk; linda@thekeyplace.co.uk).