Bank of England founder’s 10-bed mansion on the market for £2.5m

The former house of a Bank of England co-founder is on the market for £2,500,000. 

The Old Hall, near Rutland Water, was built for Sir Gilbert Heathcote, who developed the property for members of his family to reside in until the late 1880s. 

Later on, Caroline Beresford, the Duchess of Montrose, an eccentric aristocrat, socialite and racehorse breeder, lived in the property. 

The Duchess of Montrose used the pseudonym of Mr Manton in Newmarket records to circumvent rules at the races. 

At the time, cottages surrounding The Old Hall were used for grooms’ quarters and the now converted stables for the horses. 

During the post-war years, an author and Master of the Cottesmore Hunt, Lieutenant Colonel Cyril Heber-Percy, resided in The Old Hall. 

History: The Old Hall in Rutland was lived in by the family of Sir Gilbert Heathcote

History: The Old Hall in Rutland was lived in by the family of Sir Gilbert Heathcote

The current owners of the estate have lived in it for 20 years. 

The Old Hall, which is located in the village of Manton, close to the southern shores of Rutland Water, is Grade-II listed and Georgian and Jacobean in style.  

The three-storey stone property has 10 bedroom, four bathrooms and eight reception rooms. 

Internally, there is a large entrance hall, a drawing room with original panelling, a dining room with mahogany pannelling fitted 18 years ago by Members of the Guild of Craftsman, a snug, a large fitted kitchen and a garden room. 

Elsewhere downstairs, there is a library, print room, games room, an orangery and a study, with the latter benefiting from almost an entire wall of glazing overlooking the garden. 

Some of the rooms on the second floor are currently used for storage, but could be turned into further bedrooms by the new buyer.  

Throughout the property, there are high ceilings and large windows, ensuring light fills each room. 

The interior is packed full of designer wallpapers, bespoke curtains, blinds and swags, plus high-end fittings, all from Design Centre at Chelsea Harbour. 

Exquisite: The Old Hall spans three storeys and is Grade II-listed

Exquisite: The Old Hall spans three storeys and is Grade II-listed 

Luxury: The Old Hall is laden with fine designer wallpapers and interiors

Luxury: The Old Hall is laden with fine designer wallpapers and interiors 

Options: The Old Hall in Manton has eight reception rooms to choose from

Options: The Old Hall in Manton has eight reception rooms to choose from 

Chic: The panelling in the property's dining room was created 18 years ago

Chic: The panelling in the property’s dining room was created 18 years ago

All the mod cons: One of the kitchen spaces at The Old Hall

All the mod cons: One of the kitchen spaces at The Old Hall

Get cooking: The Old Hall comes equipped with an Aga range cooker

Get cooking: The Old Hall comes equipped with an Aga range cooker 

Handy: A casual dining space and utility area in The Old Hall

Handy: A casual dining space and utility area in The Old Hall

Space: The Old Hall spans 7,921 sq. ft. in total

Space: The Old Hall spans 7,921 sq. ft. in total 

Unique: The Old Hall has a charming and much-loved print room

Unique: The Old Hall has a charming and much-loved print room 

Time to sleep: One of the 10 bedrooms in The Old Hall

Time to sleep: One of the 10 bedrooms in The Old Hall

So relaxing: The Old Hall has an orangery and serene outdoor space

So relaxing: The Old Hall has an orangery and serene outdoor space 

The dream: At the back of The Old Hall is a large heated outdoor swimming pool

The dream: At the back of The Old Hall is a large heated outdoor swimming pool

Quaint: A charming outdoor dining area at The Old Hall in Manton

Quaint: A charming outdoor dining area at The Old Hall in Manton

Privacy: The Old Hall estate is on sale via Fine & Country for £2.5m

Privacy: The Old Hall estate is on sale via Fine & Country for £2.5m 

At the back, privacy is maintained by a collection of mature trees. The property comes with a summerhouse and heated outdoor swimming pool. 

A pergola in the garden is laden with climbers and leads to a tiered fountain at the end of the garden. A shower and sauna are situated near the pool area. 

The property also comes with various outbuildings. Including the cellar, The Old Hall spans 7,921 sq. ft.  

It is located close to the A1 and has decent train links. A selection of highly-rated private schools are also nearby. 

Ildi Toth, a manager at Fine & Country, told This is Money: ‘The Old Hall is a rare gem indeed – a Grade II listed Georgian and Jacobean residence that seamlessly blends historic grandeur with modern luxury. 

‘This exceptional home will appeal to discerning buyers seeking a unique combination of architectural heritage, refined interiors and a peaceful countryside setting. 

‘For example, The Old Hall offers London buyers the perfect escape – a grand and historic home with all the luxury of city living, set within the peaceful surroundings of Rutland’s most desirable village. 

‘With 10 bedrooms, elegant entertaining spaces and beautiful walled gardens, it’s ideal for those seeking a slower pace without compromising on style, space or connectivity.

‘For multi-generational families, this exceptional property offers the ideal set-up, with ten beautifully appointed bedrooms, generous reception rooms and separate spaces that allow privacy and independence.

‘Whilst for buyers seeking a lifestyle or hospitality business The Old Hall presents a rare opportunity to combine elegant living with income potential. It’s perfectly suited for use as a boutique guesthouse or luxury retreat.

‘This is also an ideal location for families who are looking for quality education for their children as Uppingham School, Oakham School and Stamford School are all within easy reach.’ 

How to find a new mortgage

Borrowers who need a mortgage because their current fixed rate deal is ending, or they are buying a home, should explore their options as soon as possible.

Quick mortgage finder links with This is Money’s partner L&C

> Mortgage rates calculator

> Find the right mortgage for you 

What if I need to remortgage? 

Borrowers should compare rates, speak to a mortgage broker and be prepared to act.

Homeowners can lock in to a new deal six to nine months in advance, often with no obligation to take it.

Most mortgage deals allow fees to be added to the loan and only be charged when it is taken out. This means borrowers can secure a rate without paying expensive arrangement fees.

Keep in mind that by doing this and not clearing the fee on completion, interest will be paid on the fee amount over the entire term of the loan, so this may not be the best option for everyone. 

What if I am buying a home? 

Those with home purchases agreed should also aim to secure rates as soon as possible, so they know exactly what their monthly payments will be. 

Buyers should avoid overstretching and be aware that house prices may fall, as higher mortgage rates limit people’s borrowing ability and buying power.

How to compare mortgage costs 

The best way to compare mortgage costs and find the right deal for you is to speak to a broker.

This is Money has a long-standing partnership with fee-free broker L&C, to provide you with fee-free expert mortgage advice.

Interested in seeing today’s best mortgage rates? Use This is Money and L&Cs best mortgage rates calculator to show deals matching your home value, mortgage size, term and fixed rate needs.

If you’re ready to find your next mortgage, why not use L&C’s online Mortgage Finder. It will search 1,000’s of deals from more than 90 different lenders to discover the best deal for you.

> Find your best mortgage deal with This is Money and L&C

Be aware that rates can change quickly, however, and so if you need a mortgage or want to compare rates, speak to L&C as soon as possible, so they can help you find the right mortgage for you. 

Mortgage service provided by London & Country Mortgages (L&C), which is authorised and regulated by the Financial Conduct Authority (registered number: 143002). The FCA does not regulate most Buy to Let mortgages. Your home or property may be repossessed if you do not keep up repayments on your mortgage 

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