Thursday, August 18, 2022
NewsScottish News£500K cut from price of Scotland's most expensive home

£500K cut from price of Scotland’s most expensive home

SCOTLAND’S most expensive modern home has had its price slashed by £500k – after failing to sell in over a year.

Kirkton Park, which sits in seven acres of land near Auchterarder, Perthshire, boasts a gym, cinema, spa and sprawling views of Gleneagles.

It reportedly cost around £10m to build and former owners include Rangers FC shareholder Graham Gillespie.

The house sits in 7 acres of grounds
The house sits in 7 acres of grounds

The impressive property was put on the market for £3.4m in January 2015, and selling agents Rettie & Co reported early interest from potential buyers.

But the home has so far failed to sell – and now has had a staggering £500,000 knocked off the asking price.

It is now listed online for offers over £2,950,000.

The six-bedroom luxury home was built in 2007 and comes with a staff flat and garage big enough for four cars.

It boasts a swimming pool and spa
It boasts a swimming pool and spa

The 15,000sq ft property also contains a dining room, drawing room, a billiards room, study and domestic offices.

A spa, located on the ground floor, features a pool with swim jet, overhead water deluge fountain, raised water jet seating areas and relaxation areas.

There is also a steam room, mud room and salt cave with two heated benches.

Kirkton’s impressive garden boasts a large man-made lake, summer house and is surrounded by a stone wall.

Visitors approach the house through stone gate pillars and drive through the gardens, over a stone-built bridge and eventually come to the entrance of the house, which is distinguished by stone columns.

Former owners include Rangers FC shareholder Graham Gillespie
Former owners include Rangers FC shareholder Graham Gillespie

Rettie describe it as “one of the most impressive and spectacular contemporary homes built in Scotland in recent years” in their brochure.

When the house first went on the market, Chris Hall, a selling agent at Rettie, said: “The house was built to an exceptional standard and high quality.

“It was built on the site of a former barn and steading. It’s a house of high value…and Gleneagles helps.

It is now on the market for offers over £2,950,000
It is now on the market for offers over £2,950,000

“A lot of Scottish wealthy businessmen have homes in the Gleneagles district. It’s an expensive house in the Scottish context but if you wanted to build a house of this quality, it’s going to cost you an awful lot of money.”

Former owner Graham Gillespie was at one point one of Scotland’s richest men, until he was declared bankrupt in 2012 after his empire, based on mining and property, collapsed.

The house was repossessed and Mr Gillespie moved out in early 2014.

In 2007, a one-bedroom flat in London went on the market for £3m – just slightly more than Kirkview Park’s new asking price.

The 1,140sq ft flat, in Belgravia, was the most expensive single-bedroom flat to ever go on the market.

The property has a large drawing room, a bedroom with ensuite bathroom, separate lavatory and good-sized kitchen.

It was marketed towards the “indulgent classes”, and a property researcher from Knight Frank said the price should not be thought of as “extortionate” given the highly-desired area.

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