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See how verdicts work5-bedroom detached house · EH26 9HR
SoldListed 276 daysAuction 12 Feb · ended
Opportunity summary
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About
** sale by auction - 12 February 2026 - Timed Online Auction ** ***Stunning detached villa with annexe, presented in walk in condition*** Massive discount on home report value of £835,000*** Fantastic opportunity for stunning family home or bespoke rental*** *** Large Georgian villa comprising 5 bedrooms, 2 public rooms and large kitchen.
There is an additional annexe building which contains a further bedroom with lounge, kitchen and utility room*** ***The property has been modernised to a high standard and is presented in walk in condition.
Many original features have been retained or replicated to retain that Georgian feel*** ***Cornbank House dates from the 18th Century, originally being the farmhouse to the Penicuik Estate.
A substantial detached villa with surrounding grounds and ample parking*** ***The attached annexe area of the property offers a range of options from granny flat to premium serviced accommodation which has proven to be extremely lucrative for the current owners*** ***Stunning detached home*** Cornbank House dates from the 18th century and was originally the farmhouse for the historically significant Penicuik Estate.
The property has been modernised to a high standard by the current owners who have created a wonderful contemporary interpretation of the character that Georgian buildings are renowned for.
The main property comprises, 5 bedrooms, 2 public rooms, kitchen and bathroom. The self-contained annexe comprises, lounge, 1 bedroom, kitchen and WC.
The property sits with approximately 3/4 of an acre and has a secluded feel behind mature hedges and electric gates.
Prenicuik is located around 9 miles outside Edinburgh city centre, at the foot of the picturesque Pentland Hills, Penicuik offers a rural lifestyle with all the advantages of city living.
The town centre is home to a selection of stores and independent retailers. The town also offers traditional pubs, cafes and hotel restaurants.
Supermarkets include Tesco and Lidl, and Straiton retail park is just a short drive or bus trip away.
Ideal for families, the town offers a number of play parks, parent and child groups and is served by several primary schools and two high schools.
Penicuik is also well placed for excellent independent schools and private childcare options.
Residents of Penicuik are spoilt for choice when it comes to sport and fitness facilities, including Ladywood and Penicuik leisure centres, sports clubs and golf courses, as well as a wealth of outdoor activities in the surrounding countryside - from invigorating hiking, mountain biking and snow sports in the Pentland Hills, to relaxed strolls or cycles along the River North Esk.
Thanks to its southerly location Penicuik allows swift and easy access to Edinburgh City Bypass, Edinburgh Airport and the M8/M9 networks.
Buses run to and from Edinburgh city centre, including express and night services, as well as to the Borders and Musselburgh.
Auction Details 12 February 2026,10am-3pm Timed Online Auction How to Bid Now Submit an enquiry now or visit our website for full details on how to bid on this property.
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Value & comps
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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.
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FAQ
About Cornbank House, 59 Carlops Road, Penicuik
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