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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 offers a rare investment opportunity in the desirable conservation village of Howgate, only 1.5 miles from Penicuik and a short 20-minute drive from Edinburgh. This small, exclusive development features two serviced stone cottages, previously known as the popular Howgate Restaurant until its closure in 2019. The existing structures have been completely cleared, providing an ideal blank canvas for buyers to design their dream homes. With detailed planning permission already granted, these plots are perfect for developers or DIY enthusiasts eager to create bespoke residences that blend modern living with traditional charm. The potential for open-plan layouts enhances connectivity between indoor spaces and the stunning rural landscape, allowing ample natural light to permeate throughout. Living here combines the tranquility of the countryside with easy access to local amenities, schools, and transport links. This project not only allows for individual expression in home-building but also retains the heritage of Midlothian by repurposing historic sites into contemporary dwellings.

Investment Analysis

(EH26 area)
Area Average
£240/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
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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