My understanding is that they were trying to sell in a hurry, and the number of buyers for properties like these is very small. Ironically, if they weren’t so desperate to rid themselves of the negative PR around having spent lots of money on a “castle”, they could have saved a great deal of money by waiting to sell it.
Edit: The last sentence is missing some qualifiers, but I think the broader point about PR skittishness and impatience leading to negative outcomes is correct, even if the monetary loss caused by this in particular is uncertain or even zero.
Wytham Abbey was listed on the market in May 2024 and sold in November 2025, so it took 18 months to sell. I do not know whether 18 months is slow or fast to sell a property like this. Would waiting another year have helped get a higher price? Maybe. But I guess waiting has costs too, like not being able to use the money right now and paying for property maintenance.
My understanding is that they were trying to sell in a hurry, and the number of buyers for properties like these is very small. Ironically, if they weren’t so desperate to rid themselves of the negative PR around having spent lots of money on a “castle”, they could have saved a great deal of money by waiting to sell it.
Edit: The last sentence is missing some qualifiers, but I think the broader point about PR skittishness and impatience leading to negative outcomes is correct, even if the monetary loss caused by this in particular is uncertain or even zero.
Wytham Abbey was listed on the market in May 2024 and sold in November 2025, so it took 18 months to sell. I do not know whether 18 months is slow or fast to sell a property like this. Would waiting another year have helped get a higher price? Maybe. But I guess waiting has costs too, like not being able to use the money right now and paying for property maintenance.