Price of mansion slashed from £15million to £2.5million after suspected arson attack

A £15 MILLION stately home is on sale for a cut-price £2.5 million after it was gutted in a suspected arson attack. Parnham House, built in 1551 near Beaminster, Dorset, was left a shell in the April 2017 blaze. Its owner, hedge fund manager Michael Treichl, was arrested on suspicion of arson but drowned in […]

A £15 MILLION stately home is on sale for a cut-price £2.5 million after it was gutted in a suspected arson attack.

Parnham House, built in 1551 near Beaminster, Dorset, was left a shell in the April 2017 blaze.

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A sale of £3m was agreed for the manor earlier this year but it has fallen through[/caption]

Its owner, hedge fund manager Michael Treichl, was arrested on suspicion of arson but drowned in an apparent suicide.

A £3million agreed sale fell through so it is back on the market at £2.5million in the hope it will be snapped up amid fears the external walls could collapse.

Any buyer will have to spend millions on rebuilding and restoring it with all work approved by Historic England.

A spokesperson for Historic England said: “We are aware that the hoped-for sale of Grade I listed Parnham House has fallen through.

“We are aware that the property is now being remarketed.

“The property remains vulnerable, and a rapid resolution is needed on the sale of the property to allow repair and restoration works to begin.”