THE cost of buying a property near the world’s oldest and most famous golf course shows no sign of abating, with a flat overlooking the Old Course coming on the market this week for £1.7 million.
The two-floor flat at 14a The Links is being marketed by Strutt and Parker, who describe its outlook onto the course as “probably the most stunning view in the golfing world.”
It comes just over a year after a house on the same street sold for £3.75 million, making it the most expensive property for its size in Scotland.
At £1350 per square foot, 9 The Links became one of the most expensive properties in the world, on a par with areas of London and Monaco.
House prices throughout St Andrews have held up well through the recession while properties near the Old Course continue to change hands for millions of pounds.
Number 14a is now expected to fetch £1.75 million despite not having a garden.
It is being sold by Dotty Kennedy and her husband, Colin, who run the Clayton Caravan park with their son, Andrew.
Dotty told the Citizen this week: “All my life I have only ever known my grandparents and my parents living here but, when they died earlier this year, it was decided to sell it on.
“It is the things you see out that window every day that are amazing. Yes we watched Jack Nicklaus and Seve and all the greats, but there is something interesting going on out there all the time.
“You watch them head out at the first tee full of excitement and then see a few trudging up the 18th after a rough round.
‘‘Then, in the winter, some people are practically in wet suits trying to get round and every morning you see the staff working on the course getting it just right.”
Dotty revealed that her grandmother - who paid £5000 for the flat back in 1957 - decided on the purchase for very practical reasons.
“She came from living on a farm so she didn’t want a garden to look after, but wanted to look out onto some nice greenery that other people took good care of,” she explained.
“Back then there wasn’t any golf tourism. It started to build up in the sixties, when Arnold Palmer was winning. You started to see people travel over and it has just grown since then.”
Despite selling the flat, Dotty and Colin are planning on staying on in the area and will continue to run Clayton with Andrew.