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The Howgate Steading, Yearling Grove, Penicuik

Scotland

£500,000
Listed on 24/11/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

Yearling Grove, nestled on the edge of the conservation village of Howgate, presents an exceptional opportunity for those looking to invest in property development. This small enclave will soon comprise five newly constructed four-bedroom homes, alongside two serviced stone cottages that are ripe for transformation. The former site of the popular Howgate Restaurant has been cleared, providing a blank canvas that allows buyers to envision and execute their ideal living space. With full planning permission already secured, potential owners can seamlessly transition from concept to construction without administrative hurdles. These plots are designed with modern open-plan living in mind, maximizing natural light and panoramic views of the picturesque countryside. Located just 1.5 miles from Penicuik and a mere 20 minutes from Edinburgh, you’ll enjoy both a serene rural lifestyle and easy access to urban amenities. This is not merely a purchase; it’s an invitation to create a bespoke residence that harmonizes heritage with contemporary standards of living. Ideal for developers or those eager to craft their dream home from the ground up, these properties embody the essence of steading living—space, tranquility, and connection to nature await your vision.

Investment Analysis

(EH26 area)
Area Average
£255/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
88%
Properties sold annually

Local Market Trend (EH26)

Area prices are rising by +8.7% over the last 12 months
3 year growth: +16.6%
5 year growth: +19.0%
Investment Disclaimer: Analysis based on EH26 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

The Howgate Steading, Yearling Grove, Penicuik
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Mortgage Calculator

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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,803
Based on a loan of £375,000 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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