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The Howgate Steading, Howgate, Penicuik

Scotland

£145,000
Listed on 21/11/2025

Property Details

Bedrooms
N/A
Type
House

Description

Yearling Grove is situated in the serene conservation village of Howgate, just a short distance from Penicuik. This exclusive development offers two serviced stone cottages with detailed planning permission, positioned within a tranquil countryside setting. Previously home to the renowned Howgate Restaurant, these cottages provide a blank canvas for those looking to embark on a personalized building journey. With the existing structures cleared and fully serviced plots available, prospective buyers have a unique opportunity to create bespoke homes that harmonize contemporary living with the natural beauty of their surroundings. The design potential includes open-plan layouts that promote airy living spaces, perfectly suited for embracing rural views while ensuring modern conveniences are within easy reach—only 1.5 miles from local amenities and about 20 minutes from Edinburgh. With no services currently established on-site, this project invites developers and DIY enthusiasts alike to craft residences that reflect their individual styles while connecting to the rich heritage of Midlothian.

Investment Analysis

(EH26 area)
Area Average
£240/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
283%
Properties sold annually

Local Market Trend (EH26)

Area prices are rising by +3.2% over the last 12 months
3 year growth: +11.1%
5 year growth: +15.5%
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, Howgate, Penicuik
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£517
Based on a loan of £108,750 over 30 years at 3.97% 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.

Stamp Duty Calculator

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