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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 unique opportunity in the picturesque conservation village of Howgate, just a short 1.5 miles from Penicuik. Previously home to the highly-regarded Howgate Restaurant that closed in 2019, this exclusive development features two individual serviced stone cottages available for sale, each with detailed planning permission already granted. The existing structures have been fully cleared, providing a blank slate for prospective buyers to create their ideal living spaces. With an emphasis on open-plan layouts that maximize light and connect seamlessly with the surrounding rural landscape, these plots are perfect for developers, DIY enthusiasts, or anyone looking to craft a personalized dream home. Located in a tranquil setting just 20 minutes south of Edinburgh, residents can enjoy the serenity of countryside life while maintaining convenient access to local amenities and transport links. This project not only allows for the preservation of Midlothian's rich heritage but also invites you to design contemporary living spaces tailored to your vision—making it an exceptional investment opportunity in a desirable area.

Investment Analysis

(EH26 area)
Area Average
£255/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
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, Howgate, Penicuik
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£523
Based on a loan of £108,750 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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