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Postie Wood Barness Road, Innerwick, EH42 1SE - Image 1
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Postie Wood Barness Road, Innerwick, EH42 1SE

Scotland

£45,000
Listed on 17/03/2026

Property Details

Bedrooms
1
Type
Detached Bungalow

Description

This one-bedroom bungalow presents a compelling opportunity for redevelopment, complete with planning permission for short-term holiday rentals (Planning Reference: 24/00794/P). Situated in the attractive area of Innerwick, this property is surrounded by a vibrant community and benefits from robust rental demand. Properties in the vicinity have shown solid sales activity, with recent comparable transactions indicating values between £225,000 and £345,000. This bungalow can be transformed into a desirable rental unit that commands monthly rents of £850 to £950 or nightly rates exceeding £140 as a short-term let. The property requires significant renovations but offers substantial potential for value addition, especially in this sought-after location that combines coastal charm with proximity to Edinburgh. A straightforward investment for those looking to capitalize on strong local demand and returns.

Investment Analysis

(EH42 area)
Area Average
£267/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
38%
Properties sold annually

Local Market Trend (EH42)

Area prices are stable by +0.5% over the last 12 months
3 year growth: +5.9%
5 year growth: +7.2%
Investment Disclaimer: Analysis based on EH42 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

Postie Wood Barness Road, Innerwick, EH42 1SE
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£162
Based on a loan of £33,750 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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