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Those looking to buy a property in the immediate vicinity of the Home of Golf are being deterred by soaring house prices.
A championship record of 290,000 fans descended on the town of St Andrews in Fife for The 150th Open last summer.
It was revealed that the total economic benefit for staging the event totalled upwards of £300million for Scotland.
But the golf obsessives now considering an affordable permanent base in the golfing haven near the Old Course are in for a rude awakening.
That is because inflated house prices close to the world famous links means some hopeful newcomers are almost certainly being priced out of the move.
The extent of the challenges facing buyers in the St Andrews property market was brought into sharp focus by a user called Kieran Harris on Twitter.
Harris posted a RightMove advertisement for a ‘one bedroom detached bungalow’ situated just over a mile from the Old Course.
What's the property market in St Andrews like you ask? Well, you can buy what is basically a shed for the best part of a quarter million £££ 🤷♂️ would make you eligible for a links ticket I suppose. https://t.co/YR9MGDnUpU
— Kieran Harris (@Heritagecricket) May 31, 2023
This is a dream location for many, but the problem was that the small property was put up for sale for offers over £220,000.
And fans agreed on social media that the ‘bungalow’ actually better resembled a shed.
“What’s the property market in St Andrews like you ask?” Harris wrote. “Well, you can buy what is basically a shed for the best part of a quarter million £££ would make you eligible for a links ticket I suppose.”
One user agreed: “Detached bungalow… it’s a shed!” It’s a lodge,” another joked.
According to RightMove’s figures, properties in the university town of St Andrews had an overall average price of £473,325 last year.
And a recent survey revealed that St Andrews was the second most expensive seaside location in Scotland to buy a property.
The Bank of Scotland Homes Review tracked prices in 54 places in Scotland and North Berwick in East Lothian was the only seaside town that averaged higher house prices than St Andrews.
There can be no doubt that the historic beauty of the Old Course is cherished not just by the St Andrews golf lovers, but also the town’s estate agents.
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