New homes snapshot – Development continues to house the growing Inverness population
The construction of new homes in the capital of the Highlands is continuing apace to keep up with a growing population, which rose over 14% over the start of this century, when Inverness was granted city status.
Traditionally a centre for distilling as part of Scotland’s world-famous whisky industry, Inverness has more recently been focused on technology industries and a new university campus development in Beechwood will see the city challenging other cities for the quality and facilities for undergraduates and post-graduates. The plans for the scheme include student accommodation and other residences in addition to its academic and leisure elements.
All this is increasing demand for accommodation and a number of large and small developers have been working to address the shortfall of homes around the city with a variety of new build stock, from apartments to larger executive homes.
The A9 and A96 are the two principal roads linking Inverness to Scotland’s other main cities, there are numerous routes within Scotland and to London from the city’s station, while its airport has regular flights to major cities in England, Ireland and Europe.
The FT recently reported on Scotland’s Highlands and islands, pointing out a significant older population (85% of whom are over 40) and an affluent one. It also noted that the region’s property market survived the uncertain times around the independence referendum better than many north of the border. The Registers of Scotland recorded average regional rises of 3% over the past year, 10% over the past three and five years, all better than the national figure.
New homes currently for sale in Inverness:
National housebuilder Barratt Homes is building a mix of two-, three- and four-bedroom homes from its Caledonia range at Ness Castle, with prices from £175,995. The development is just three miles out of central Inverness and just four miles from the shores of Loch Ness. Local primary schools and Inverness Academy are a short drive away, as are many retail options.
The Parks has a mix of two-bedroom flats and three- and four-bedroom homes situated in a desirable location between the Milton of Leys and Wester Inshes areas. A new four-bedroom show home has recently opened there. Help to Buy Scotland is available on the ‘Miami’ apartments and there is an additional offer of free floor coverings, LBTT paid and a fridge-freezer included, subject to settlement before 29 July 2016. Prices from £145,000.
The same developer has two options at another local development, with a mix of conversion and new build properties available. The Hedgefield Apartments, from £215,000, are brand new and located in the grounds of an historic building. In Hedgefield House itself, this mansion is now a collection of just nine luxury apartments priced from £225,000. May architectural touches have been retained on this Grade B listed property.
CHAP Homes is working on Leachkin Hill in Kinmylies, two miles from the city centre, with its selection of homes priced from £144,900. The name is taken from the Gaelic ‘An Leacainn’ meaning The Broad Hillside, and as you might therefore expect, many of the properties offer views over the Beauly Firth. Visitors can tour a show house and a show apartment, both of which are also for sale.
Starting prices at Druid Homes’ Kilcoy development are £79,500 (plot only) and £245,000 (plot and house). Eight miles from Inverness, the homes are within a short drive of Beauly village and the A9, set in open countryside.
Robertson Homes is promising ‘a village in the city’ at Westercraigs, with amenities and open countryside equally accessible from this 200-acre site close to the heart of the city. With prices from £278,000, there is a fine selection of family homes available with many featuring open-plan layouts, garden rooms, integral garages and generous storage.