Ouch – Melville House sold for £1.6m; down from £4.5m

Melville House, Fife
Melville House, Fife

In a cautionary tale of how ambitious restorations can come unstuck, Melville House has been sold for a ‘knock-down’ £1.6m by agents Knight Frank.  The 17th-century Palladian mansion boasted 11 bedrooms, seven receptions plus stables, a tennis court and even a cricket pitch.  It was built in 1697 for George, the 1st Earl of Melville, then secretary of state for Scotland by James Smith.  The 1st Earl died a few years after his creation was finished but the house remained in the Melville family until it was sold – along with the contents – in 1949.

It had been requisitioned by the Army as a barracks during the war (the probable damage from which led to the sale) and then became a hospital and subsequently a residential school before being sold to a developer for £400,000.  It was then sold on again in 2003 for £1m and the new owner then spent over £2m on restoration.  The latest owner has secured a bargain – here’s hoping it’s now in safe hands.

Full story: ‘Repossessed mansion sold for ‘knockdown’ price‘ [stv]

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