Fife house sells for £600,000 (55%) over asking price

Fife house sells for £600,000 (55%) over asking price

A house located on Earlsferry’s waterfront has sold for £600,000 above the asking price after a ferocious bidding war.

The three-bedroom Old Bake House has direct access to one of Scotland’s most beautiful beaches.

The second-floor dormer window and first-floor balcony offer elevated outlooks over the beach.

The original bake house that once supplied the local bakeries was built on the site in the 1850s before being redeveloped as a home in the 1940s.



Offers over £1.1 million were sought for the property. However, when sealed bids were opened last Tuesday, the lowest offer for the three-bedroom property was £1.3m – £200,000 over the asking price.

With 15 notes of interest, it was an offer of £1.7m which was accepted, 55% above the asking price.

The house had been extended and renovated in a project that was completed last year, with the works spearheaded by architects Robin Hopkins and Gillespie & Scott. It now has a new pantile roof with dormer window.

The house was rewired and replumbed throughout, and the balcony has been extended and resurfaced, The Courier reports.



The housing boom caused by the covid-19 pandemic has seen a number of properties selling for substantially more than they would have 18 months ago, as more people adjust to a new life of home working.

Rural and coastal homes have been in demand since the end of lockdown, as families seek bigger homes away from towns and cities.

Gilson Gray has also reported that people living in England are cashing in on their high-value properties and moving to Scotland.


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