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See how verdicts workProperty · EH23 4NJ
For saleListed 244 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Detailed Planning Permission in Place for the erection of 2 dwellinghouses and associated works.
Stunning residential development site in attractive rural setting at Vogrie Road, Gorebridge, Midlothian.
Planning reference number (Midlothian Council): 23/00120/DPP Rare rural residential development opportunity with Full Planning Permission for two large, unique detached family homes.
General The development site at 10 Ashbank comprises 0.55 acre or thereby of bare land. The site is bounded by a fence line and mature surrounding trees. The site is flat.
Services It is believed mains electricity and water runs close to the plot allowing for connections to be taken following negotiations with the relevant suppliers.
The purchasers will be responsible for installing their own drainage system and securing connections to the power and water supplies.
Planning The planning permission is for two, 1.5 storey detached dwelling houses with gardens and driveways. Details of the application can be found on the Midlothian Council Planning Portal, Ref.
23/00120/DPP. Directions 10 Ashbank, Vogrie Road, By Gorebridge EH23 4NJ What3words: Postcode: EH23 4NJ From the City of Edinburgh Bypass: Take A7 south through Newtongrange. Tak B704 south.
Turn left onto Hunter Square, then right onto Vogrie Road. Follow Vogrie Road south out of Gorebridge and 10 Ashbank can be found on the left hand side.
Entry & Possession Entry and vacant possession will be available by mutual agreement and arrangement. Local Authority Any Planning enquiries should go to: Midlothian Council. T: .
Offers Offers should be submitted in Scottish Legal Form to the selling agent Ballantynes, 30 Stafford Street, Edinburgh EH3 7BD. Tel. . Email:
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Returns
Set an offer; the calculator follows it.
Short-let licence or registration needed
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About Site at 10 Ashbank, Vogrie Road, Gorebridge EH23 4NJ
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