Property expert sees better times as estate put up for sale at £1.25m

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ONE of the most picturesque estates in the Borders has gone on the market with a guide price of £1.25million.

Menslaws sits in the Teviot valley, surrounded by 64 acres of land a few miles from Denholm.

Built in about 1786, the main house boasts three reception rooms, five bedrooms, three bath/shower rooms and a self-contained two-bedroom annexe.

There is a cottage in the grounds plus walled garden, stable block, steading and other buildings. The property, which is being sold by Knight Frank, also comes complete with three-quarters of a mile of trout fishing on the River Teviot and Rule Water.

Menslaws is just one property coming on the market for which James Denne, of Knight Frank, expects a good number of requests to arrange viewings.

He commented: “Following a really ferocious winter which halted the market in its tracks, viewings, compared with this time last year, are well up – as is demand.

“Although supply is short, it is still most definitely a buyer’s market – a situation that is unlikely to change for at least the next two to three years, thereby adding to the growing confidence of buyers and sellers alike. We are doing deals.”

Mr Denne said realistic pricing of property is the key to getting a sale.

He added: “Home reports must be right on the nail, all the time being mindful that very few houses with a home report sell at or in excess of the valuation it contains.

“If inflation kicks in during the second half of the year – which I suspect it will – there will be a flight to tangible assets, the most obvious being property, which is something that will hold its value as the value of the money in your pocket shrinks.”