OCTOBER 25, 2017 | BY Perthshire Property Services
Moving from a 2 bed Perth Property to a 4 bed will cost you £636 pm

Moving to a bigger home is something Perth people with growing young families aspire to. Many people in two bedroom homes move to a three-bedroom home and some even make the jump to a four-bed home. Bigger homes, especially three-bed Perth homes are much in demand and it can be a costly move.

If you live in Perth in a two-bedroom property and wish to move to a four-bedroom house in Perth, you would need to spend an additional £160,901 (or £635.56 pm in mortgage payments (based on the UK Bank average standard variable rate)). However, going straight to a four bed from a two-bed home is quite rare as most people jump from a two to three-bedroom home, then later in life, from a three to four-bedroom home.

So, after being asked my thoughts on moving home in Perth by a friend recently, please find my analysis of the local property market and then some thoughts. To start with, let us see what the average property price is for a Perth property by the number of bedrooms it has.


Average Property Price in Perth by Bedroom

1 bed

2 bed

3 bed

4 bed

5 bed







I then decided to calculate what it would cost to make the jump upmarket from one bedroom to two bedrooms, two to three bedrooms etc, etc, both in actual money and in mortgage payments (using the current standard variable rate of UK Banks of 4.74% - so the mortgage cost could be higher or lower depending on the mortgage taken).





Price Difference to make the move

Cost per month to move up market (Mortgage)

1 bed to 2 bed



2 bed to 3 bed



2 bed to 4 bed



3 bed to 4 bed



4 bed to 5 bed




There are some interesting jumps in costs when moving upmarket as a Perth buyer. The cost of moving from one to two beds, and two to three beds is relatively reasonable, whilst the jump from three to four beds in Perth is quite high and therefore financially prohibitive for most families. This helps provide a partial explanation as to why some four-bed properties are currently taking slightly longer to sell.

As an aside, there is a lesson here for all my blog readers. You can quite clearly see why the larger 4 and 5 bed properties don’t offer the best returns for buy to let. Simply put the monthly finance costs and rents achieved don’t match up so well (i.e. a mortgage for a 4 bed home in Perth would cost you 54.97% compared to a 3 bed mortgage, but the jump in rent would be a lot less than that). I don’t wish to be dismissive about the solidity of investing in larger properties because it does depend on your circumstances. Four bedroom properties sometimes offer other advantages. Pick up the phone if you want to know what they are in more detail.

A further look at the stock of properties in Perth is revealing.


Housing Stock in Perth by Bedrooms

1 bed

2 bed

3 bed

4 bed

5 bed






The most active purchasers are 20 and 30 something home-owning parents with growing families. Many look to more modern developments for the perfect balance of access to decent primary schools, commutability and lifestyle. For landlords looking to buy within Perth, they face stiff competition from these 20/30 something families, making the three bedroom Perth home massively in demand, often attracting spirited offers and selling within weeks of listing. This mix of homebuyers and landlords is a pressure point in the Perth property market.  Again, if you are a landlord, call me and I will show you areas with decent returns where you aren’t in so much competition with young Perth family homebuyers.

Yet, the cost of an additional bedroom can be too much for some Perth buyers. It is quite challenging moving home the first time, but to then find you are priced out on the next move up the ladder can be quite disconcerting, with families often having to move to a different part of town to get the bigger home they need.

Nevertheless, that’s the position many homeowners find themselves in with the cost of the additional bedroom being too much to bear. To those buying their home for the first time, all I suggest is they not only consider the mortgage payments and other costs of their first home, but also do their homework into their next rung up the Perth property ladder. Thinking about it now will keep you ahead of the game in the future; as your number of bedrooms, family property needs and lifestyle wants change.

..and Perth landlords – well these changes in the way people live also mean there are opportunities to be had in the Perth rental market. Many Perth landlords are starting to pick my brain on this, so if you don’t want to miss out – drop me a line.