Penicuik, EH26 0PU

3-bedroom house · EH26 0PU

1,066 sq ft2 baths3 bedrooms · 2 public rooms · 2 bathrooms

Asking

£500,000

Listing removedListed 305 days

Investor metrics

Opportunity summary

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About

The property

McEwan Fraser Legal is delighted to present this three-bedroom detached cottage situated within the Pentland Hills Regional Park.

The property is in walk-in condition and sits within impressive garden grounds.

This charming cottage enjoys excellent views of the surrounding countryside while offering strong local amenities, school catchments and easy transport links.

Inside, the property comprises a spacious lounge with Velux windows that draw in excellent natural light, alongside a flexible dining alcove.

A bright hallway, a welcoming vestibule and an additional office or dining room can be accessed off the lounge.

There is a fully equipped kitchen measuring approximately 30 sqm, featuring a gas hob, fan oven, range cooker and free-standing white goods including a fridge. The property has three bedrooms.

Bedroom one includes an en-suite shower room with a modern three-piece suite. Bedrooms two and three offer excellent versatility for family living, guests or home working.

There is a well-presented family bathroom complete with a modern four-piece suite finished to a high standard.

In addition to this, the property includes substantial landscaped garden grounds, offering ample outdoor space, as well as potential for further development or personalisation.

This is a rare opportunity to acquire a semi-rural detached cottage in a fantastic and highly sought-after location.

Electricity Supply: Scottish Power Water Supply: Scottish Power Sewerage: Scottish Power Broadband / Mobile Coverage: Sky, Full 5G Coverage By appointment through McEwan Fraser Legal on Edinburgh McEwan Fraser Legal are open 7 days a week: 8am - Midnight Monday to Friday & 9am - 10pm Saturday & Sunday to book your viewing appointment.

Key information

Price per sq ft

£469/sq ft

Based on 1,066 sq ft (30 sq m)

Floor area

1,066 sq ft (30 sq m)

Reception rooms

Local authority

Midlothian

Unitary Authority

Property features

3 bedrooms
2 public rooms
2 bathrooms

Value & comps

What is it worth?

Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.

Comparable salesNo comps yet

No comparable sales matched this property yet.

Returns

What does it return?

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Rent evidence

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Local SA Market

Short-let licence or registration needed

Scotland: every short-term let needs a licence from the local council before it takes bookings.

We're still gathering serviced-accommodation data for this area.

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Investment Disclaimer

This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.

All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.

Past performance does not guarantee future results. Tax implications vary by individual circumstances.

Mortgage

Deal

Is it a deal?

Archie’s verdict

Archie has scored this property.

Deal score · weighted

Weak signals — move on

Factor breakdown

BMV discountNot calculated, and not zero — there is no value estimate for this property to discount against.

0/25

Yield potential—

0/25

Motivation signalsNot enough data

0/25

Days on market305 days · price-fatigue

25/25

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Seller motivation

Not scored yet

Days on market305

Price reduction—

STC fall-through—

Back to market—

Agency change—

EPC rating—

Listing timeline

First listedListed at £500,00022 Dec 2025

Still activeDay 305 on marketToday

Strategy fit

No strategy scores available yet.

Article 4No HMO Article 4 held

HMO Conversion Potential

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.

Tier, yield projection, and cost stack — Pro tier only.

PD Conversion Potential

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.

Tier, route, yield projection, and cost stack - Pro tier only.

BRRR Candidate

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.

Tier, refurb cost, ARV, and refi maths - Pro tier only.

Plot subdivision potential

Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.

Lease extension arbitrage

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.