An article in the Sunday Times Home section (11 June 2010) includes two houses featured on this blog; one recently and one back in November 2009. The story this week exposes that both are for sale as some of the grandest repossessions in the country with lenders forcing the sale.
Each of these houses when bought was probably the realisation of an aspiration many have to own a grand country house. Yet, what goes up can come down and each owner has now been forced out of their dream. The first house, Sheriff Hutton Hall in Yorkshire is a grade-I listed gem surrounded by 170-acres and indeed featured on this blog entitled ‘If I won the lottery…‘. Originally built in the early 1600s as a hunting lodge before being remodelled in a lighter brick in 1732. The outbuildings were constructed using quantities of stone and panelling from nearby Sheriff Hutton Castle, it also features richly decorated ceilings with plasterwork by John Burridge and Francis Gunby, who is also thought to have worked on the Dining Room at Temple Newsam in Leeds.
Sheriff Hutton Hall was sold in 1998 and became the northern branch of the East 15 acting school. Today however, despite strenuous efforts by the owner, a secondary lender has called in their loan forcing the sale. Originally for sale, through Savills, at offers over £5m (nearer £6m was apparently hoped for) the price has now dropped to £4.5m.
Sale details: ‘Sheriff Hutton Hall‘ [Savills]
Detailed architectural description: ‘Sheriff Hutton Hall‘ [British Listed Buildings]
The second property, Apartment One in Wardour Castle, Wiltshire, was only launched in Country Life magazine a few weeks ago and was featured here with the idea that it might be used as a starting point for the conversion of the house back to a single home (‘Conversion reversion: Wardour Castle‘). Yet it now appears that it was the original project to convert this Georgian gem that has caused the current vendor’s difficulties. The house, designed by James Paine, was built in the 1770s for the eighth Baron Arundell and was (and in some ways still is) the grandest and largest house of it’s era in Wiltshire.
After use as a school for thirty years until 1990 it had an uncertain future. Nigel Tuersley then bought the grade-I listed house for £1m in 1992 and decided to convert the house into ten large apartments with Nigel retaining the largest in the centre of the house for himself. However with property boom turning to bust the bank was unwilling to continue funding the project. This first manifested itself when the same apartment, all 23,000 sq ft of it, was put on the market for £7m in 2008 – possibly a bit ambitious even at the time. With the contents now removed (not that you can really tell as the interior was designed by the famous Minimalist architect John Pawson) the apartment now waits for someone with a more reasonable £2.75m through Strutt & Parker.
The house is another in a small but sadly growing list of ‘posh repossessions’ (those valued at over £1m) which show that dreams, however big, can still be brought down and that perhaps the hardest part of reaching the top is staying there.
Sale details: ‘Apartment One – Wardour Castle‘ [Strutt & Parker]
Credit: original story in the Sunday Times Home section – 11 July 2010. Story only available online to subscribers.