Annfield Cottage, Loanstone, Penicuik, EH26 8PH
Scotland
£350,000
Listed on 09/11/2026
Listed on 09/11/2026
The listing
Property details
Bedrooms
2Type
CottageFeatures
- Garden
- Parking
Description
Annfield Cottage is a detached two-bedroom property in a semi-rural setting, set within grounds of approximately 0.48 acres. The existing accommodation comprises a living room, kitchen, two bedrooms and a bathroom, and the cottage is described as requiring full refurbishment. Driveway and off-street parking are included, with countryside views from the site.
The property is offered together with an approved building plot, although offers for the cottage and plot separately may also be considered. Planning permission is stated to have been granted for alterations and an extension to the cottage, and separate permission for a four-bedroom detached house with a double garage within the grounds. The combined asking price takes both parts into account; the listing estimates the land value at around £150,000. The Home Report covers the existing cottage only and does not include the land or its planning position. Buyers should check the permissions, conditions and site details independently.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
47out of 100
Grade ELow opportunity
Confidence: LOW
Annfield Cottage is a substantial, heavy project: finishes are badly deteriorated across several rooms, with damaged ceilings and worn floors, while the bathroom appears dated. The traditional stone exterior, countryside outlook and mostly maintained grounds give it a distinctive setting, and the available views show no obvious major roof failure. The 47/100, grade E reflects limited condition scoring and unresolved value and economics data—not a finding that the asking price is dear: floor area is missing, so value against local £/sqf cannot yet be judged.
The wider proposition includes a site of about 0.48 acres and planning permissions for an extension to the cottage and a separate four-bedroom house with double garage. Those permissions and their conditions need checking, and the Home Report covers only the existing cottage. This is a potentially flexible renovation and development project, but the missing floor area and the scale of the internal work leave important parts of the value assessment unresolved.
Key opportunities
- Rework the cottage’s deteriorated interiors, including its old fitted kitchen, into a home shaped around the buyer’s own layout and finish choices.
- The traditional stone cottage, countryside outlook and broad, mostly maintained grounds offer a distinctive setting for a substantial renovation.
- Explore the stated permissions for extending the cottage or building the separately approved four-bedroom home, subject to verifying status, conditions and implementation requirements.
Key risks
- Stripped and damaged finishes across several rooms, including a bedroom ceiling with backing exposed, make this a heavy full-interior programme rather than a cosmetic refresh; allow for a substantial rebuild schedule.
- The roof appears intact in the available views, but its condition cannot be confirmed from photographs.
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Transport
Nearest stations
Newtongrange Rail Station
5.8 miles
Train · Newtongrange
Eskbank Rail Station
6.0 miles
Train · Eskbank
Gorebridge Rail Station
6.1 miles
Train · Gorebridge
Kingsknowe Rail Station
6.8 miles
Train · Kingsknowe
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
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Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£1,430
Based on a loan of £262,500 over 30 years at 5.13% 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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