Plot Adjacent to Harvieston Cottage, Gorebridge, Midlothian

Description

Prime Residential Development Opportunity. An exciting opportunity to acquire a residential development plot in the popular Midlothian village of Gorebridge, approximately 11 miles south-east of Edinburgh and ideally positioned for commuters seeking easy access to the capital. Extending to approximately 175 sq metres, the site already benefits from drainage connections on site, with additional utility services located nearby, offering excellent potential for future development. Previous planning applications have been submitted on the site (Midlothian Ref: 20/00363/DPP and 21/01008/DPP), and interested parties should make their own enquiries with Midlothian Council regarding the suitability of previous or alternative applications. The site offers great potential for a fabulous new build family home subject to all necessary consents. With strong demand for quality housing in the area, an attractive guide price, and strong GDV potential, this represents an outstanding opportunity for developers, builders, and investors looking to secure a well-located residential project within commuting distance of Edinburgh.

Location

Gorebridge is a popular Midlothian village offering an excellent range of local amenities including supermarkets, independent shops, cafés, schooling, leisure facilities, and healthcare services. The area is well connected for commuters, with Gorebridge Railway Station providing regular services to Edinburgh city centre, while the nearby A7 offers convenient road access throughout Midlothian and into the capital. Surrounded by attractive countryside yet within easy reach of Edinburgh.

Tenure / Property Information

Investment Analysis

Freehold residential development plot of approximately 175 sq m, guided at £50,000. Drainage is stated to be connected and other utilities are nearby. Previous planning applications are referenced, but no consent, comparable evidence, build costs or supported GDV are provided. The guide should therefore not be treated as evidence of residual land value or profitability.

Investment Snapshot

Strategy Recommendation

Proceed only as a planning-led land/development acquisition after reviewing the legal pack, confirming planning feasibility and obtaining a full residual appraisal and build-cost estimate.

Works Required

Subject to planning and other consents, develop a new-build family home on the approximately 175 sq m plot, including confirming drainage, utility connections and all required design and construction works. No detailed specification or cost evidence is supplied.

Rental & Market Context

Potential BRRR Position

A BRRR appraisal cannot be supported because GDV, construction costs, rental income and refinance value are unavailable. Planning status and development feasibility require confirmation with Midlothian Council.

Buy-to-Let Analysis

No sufficiently specific rental evidence or completed dwelling exists to support a rent or yield calculation. BTL assessment is therefore not possible from the supplied evidence.

Flip Analysis

The opportunity may suit a development resale strategy, but no supported GDV, build cost, professional fee, finance cost or selling allowance is provided. A flip surplus cannot be calculated.

Investor Risks & Due Diligence

• Previous planning applications do not confirm current or future planning consent.

• Development costs, professional fees, finance costs and timescales are not supplied.

• The scope and cost of connecting or upgrading nearby utility services is not confirmed.

• Additional disbursements, search fees, seller-cost reimbursement, legal fees or transfer fees may be payable under the legal pack.

• No supported end value or comparable evidence is provided.

Recommendation

Proceed only as a planning-led land/development acquisition after reviewing the legal pack, confirming planning feasibility and obtaining a full residual appraisal and build-cost estimate.

Strategy Rating

Analysis Confidence

The evidence confirms the plot size, tenure, guide price, drainage statement and planning-reference history, but provides no planning outcome, GDV, comparables, development costs, rent or detailed legal-pack costs.