Midmar Castle – all that glistens isn’t quite golden

Midmar Castle, Aberdeenshire (Image: The Times)

It seems that an interesting story used to help speed up the sale of a house but for Midmar Castle in Aberdeenshire even a tale of sunken gold hasn’t helped secure a sale a year after the house was launched. The category-A listed castle was launched on the market on February 2009 with a fulsome write-up in The Times relating how the value of the house had underwritten a risky – but ultimately successful – expedition to recover £50m in Russian gold which had gone down with HMS Edinburgh in WWII.

The castle was originally started in 1411 but was greatly extended in the late sixteenth-century by the remarkable local granite-masons known as the Midmar school. They were responsible for Midmar and four other castles built nearby – Crathes, Frazer, Drum, Craigievar – all of which are now owned by the National Trust apart from Midmar.  Based on the traditional defensive z-plan with three main towers, this is an impressive and historic home.

The original price tag of £5m (set by Knight Frank who have now been replaced by Savills) for the house, gardens, outbuildings and surrounding 185-acres has now dropped to £3.5m – which represents an average drop of over £100,000 for each month it has remained on the market.   This may reflect some over-optimistic valuations but it’s still a superb, historic castle set in a perfect mini estate – ideal for anyone who wishes to experience the Scottish country lifestyle but doesn’t want the thousands of acres which often come with a house of this quality.

Property details: ‘Midmar Castle, Aberdeenshire‘ [Savills]

One thought on “Midmar Castle – all that glistens isn’t quite golden

  1. Andrew January 1, 2011 / 13:39

    Looks like Midmar is heading for its third year unsold on the market, even after the asking price was reduced to £3.2m in the latter part of 2010, and with Knight Frank back on the case (with a nicer brochure). The Aberdeenshire property market seems to be as chilly as the current weather. Lets hope for a thaw next spring!

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