2002: Listed estate house bought for £16m

One of the most expensive country estates ever to come on the market in Dorset has been sold.

Encombe House, which lies in a secluded valley in Purbeck, is believed to have been bought by successful American merchant banker Charles McVeigh for £16 million – £1 million more than its asking price.

charliemcveigh3

Charles McVeigh

It is only the fourth time the grade-II listed country house set in 2000 acres of magnificent coastal grounds famed for its shooting opportunities has changed hands.

The estate includes St. Aldhelm’s Head, Chapmans Pool and Swyre Head, three lakes, 60 acres of formal garden, 12 cottages, swimming pool and a Grecian style temple.

The house includes six reception rooms, a galleried hall, library-cum-snooker room and 12 principal bedroom suites.

Prestigious estate agents FPD Savills were called in earlier this year to sell the property for the Scott family who had owned the estate since 1807. [The accompanying photo showed the previous owners Rupert and Sophie Scott.]

A Savills spokesman confirmed the house had been sold but refused to confirm the new owner. She said: “Because of confidentiality agreements we are legally bound not to make any comment on who the new owner is but we can definitely say it has been sold. We can also say there was considerable interest in this property.”

However national newspaper reports have revealed it to be Mr McVeigh who is one of the longest serving and most popular merchant bankers in the City. He began trading before the Big Bang date when the stock exchange was computerised. He is now co-chairman of Schroder Salomon Smith Barney.

Bournemouth Daily Echo, 9 August 2002

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