Howgate Kirk, Penicuik EH26 Property for sale

>

Howgate Kirk, Penicuik EH26 Property for sale

Howgate Church, Penicuik, EH26 8QB
£495,000

Price History

Initial price £725,000
04/10/24 £695,000
30/10/24 £650,000
06/11/24 £575,000
22/01/25 £495,000
Price Change -31.72%

Description

Prime Property Auctions is excited to present a rare Church Development Opportunity in Howgate, Midlothian, with a guide price of £575,000. The property, situated on a 4.9-acre site, has potential to be developed into 6-8 residential flats or houses, offering a massive GDV potential of £5,000,000. The church, with its nave, clerestory, and community room, has been beautifully maintained and features a car park and multiple storage rooms. With fantastic sales evidence to support the development, this property is sure to appeal to shrewd developers. The area has seen impressive sales comparables, with properties in the vicinity selling for £520,000, £495,000, and £485,000. The property is conveniently located near local amenities and has easy access to Edinburgh, making it an attractive opportunity for those seeking a serene countryside lifestyle without sacrificing convenience.