Lot 1 Penston Farm, Macmerry, East Lothian, EH33
GA

Lot 1 Penston Farm, Macmerry, East Lothian, EH33

By Galbraith

£ 6,500,000

Reviews

3 out of 5 stars

Galbraith says ..

A renowned arable and mixed farming unit within the heart of East Lothian with farmhouse, range of buildings, two semi - detached cottages and a ruined detached farm cottage with large walled garden. The land extends to about 217.77 Ha (538.11 Acres) in total.

Property Oracle says ..

This property presents a unique opportunity, but requires careful consideration. The estate comprises a large farmhouse with extensive outbuildings and significant acreage. The farmhouse itself offers ample living space with multiple bedrooms and bathrooms. However, the images suggest the property requires renovation. Some areas have modern features; however, the interior styling indicates significant updating is necessary throughout. The extensive outbuildings offer potential for various uses, but will also need maintenance and likely repair. The most significant asset is the extensive land, suitable for agricultural activities or potentially for future development, subject to obtaining the necessary planning permission. The location is rural, offering tranquility but limited access to amenities and transport links. While the area average price for U119 is high, the actual value may depend on renovation costs and demand for such large-scale rural properties. Prospective buyers should be prepared for considerable investment in updating and ongoing maintenance. Overall, while this property offers a unique mix of space, potential, and land; significant costs and renovation will be necessary, requiring buyers to have financial capacity, and to be comfortable with rural living.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
5
Location
4
Land
10
Bedrooms
8
Bathrooms
2
Sqft (est)
4,128.00

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
776,250.00 £
Increased by 102.63 %
from 383,083.00 £
Est sale value
2,951,520.00 £
Increased by 78.75 %
from 1,651,200.00 £
Average area rental value
1,000.00 £/mo
Decreased by 13.04 %
from 1,150.00 £/mo
Est letting value
0.00 £/mo
Decreased by 100.00 %
from 4,128.00 £/mo
Est rental Yield
1.55 %
Decreased by 56.94 %
from 3.60 %
Crime Rate
0.00 %
from 0.00 %

Agent Activity

  • Galbraith created the listing.

Images

Lot 1 - Farmland Drawing Room Lot 1 - Farmland Lot 1 - Farmland Farmhouse Lot 1 Farm Steading Farm Steading Penston Farm Grain Store Farm Steading Lot 1 - Farmland Penston Farm Lot 1 - Farmland Steading Plan Bedroom Dobsons Cottage Farm Steading Grain Store Farm Steading Farm Steading Penston No. 6 and 7 Lot 1 - Farmland Site Plan Location Plan

Nearby Streets

NameAverage PriceAverage SqftDistance
U119 £ 7,337,50000.00 KM
Greendykes Road £ 000.00 KM
Mcintyre Lane £ 000.00 KM
Appleby Drive £ 299,60000.00 KM
Grant Crescent £ 325,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Longniddry9354LND4.04 KM
Prestonpans9366PST9.28 KM

Nearby Listings

AddressPriceTypeScoreDistance
116 Brierbush Road, Macmerry, EH33 1PU £ 165,000BUY6 / 101.15 KM
29 Merryfield Avenue, Macmerry, Tranent, EH33 1PZ £ 180,000BUY6 / 101.26 KM
39 St Germains Terrace, Macmerry, East Lothian, EH33 1QB £ 215,000BUY7 / 101.31 KM
9 McIntyre Lane, Macmerry, Tranent, EH33 1QL £ 325,000BUY7 / 101.32 KM
Brierbush Road, Macmerry, Tranent, EH33 £ 175,000BUY7 / 101.36 KM