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Stunning Edinburgh mansion with disgraced banker Fred ‘the Shred’ as a neighbour for sale for £3m

Stunning Edinburgh mansion with cinema room goes on the market for £3m (the only catch is disgraced banker Fred ‘the Shred’ is a neighbour)

  • Mansion in the exclusive Grange district of Edinburgh has a cinema room, stunning garden and six bedrooms
  • The home, which includes a wealth of period features with luxurious fixtures and fittings, is for sale for £3m
  • Just just doors away is the mansion of disgraced Royal Bank of Scotland chief executive Fred Goodwin  

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A stunning mansion in one of Edinburgh’s most desirable areas is on the market for £3m – but anyone moving in would have disgraced banker Fred Goodwin as their neighbour.

The property in the exclusive Grange district of the capital includes a cinema room, large garden, six bedrooms, five bathrooms and four living areas. 

Just just two doors away is the mansion of Mr Goodwin, former chief of Royal Bank of Scotland (RBS), who resigned in 2008 after he was blamed for losses of £24.1billion –  leaving the taxpayer with a multi-billion-pound Government bail-out bill and earning him the nickname ‘Fred the Shred’.

A stunning mansion in one of Edinburgh’s most desirable areas is on the market for £3m but anyone moving in would have disgraced banker Fred Goodwin as their neighbour

The property in the exclusive Grange district of the capital boasts a cinema room, stunning garden, six bedrooms, five bathrooms and four public rooms. The conservatory of the home is pictured

The property in the exclusive Grange district of the capital boasts a cinema room, stunning garden, six bedrooms, five bathrooms and four public rooms. The conservatory of the home is pictured

And just just two mansions away is the even bigger property of the former Sir Fred Goodwin, the man widely blamed for the near collapse of RBS in 2008

And just just two mansions away is the even bigger property of the former Sir Fred Goodwin, the man widely blamed for the near collapse of RBS in 2008

The Victorian mansion, on sale for offers over £3.1m, is in a leafy oasis of peace and prosperity just 2.5 miles south of the city centre

The Victorian mansion, on sale for offers over £3.1m, is in a leafy oasis of peace and prosperity just 2.5 miles south of the city centre

Sellers Retties say the mansion – called Kinellan – boasts a garage for three cars with mews-style guest accommodation above.

The main house has a luxurious conservatory overlooking the beautifully laid-out garden.

Retties say Kinellan is: ‘An exceptional Victorian family home, magnificently extended to offer flexible, open-plan modern living.

‘Boasting a wealth of period features with luxurious fixtures and fittings, the property is set within beautifully maintained, secluded gardens and further benefits from mews-style guest accommodation above a triple garage.’

Just just two doors away from the manshion is the even bigger property of the former Sir Fred Goodwin, the man widely blamed for the near collapse of RBS in 2008

Just just two doors away from the manshion is the even bigger property of the former Sir Fred Goodwin, the man widely blamed for the near collapse of RBS in 2008

The new owner of the property may not see much of Mr Goodwin.

According to one local, Mr Goodwin, who was stripped of his knighthood following his resignation from RBS,  spends much of his time these days at the exclusive Archerfield golf club near North Berwick, East Lothian.

‘Fred spends a lot of his time down at Archerfield,’ said the neighbour. 

‘A couple of my former colleagues saw him sitting in the hot tub dispensing knowledge.’

He added: ‘The gas man came by his the other day carrying out checks said to me, ‘There was barely anything inside his house’. I don’t know if that’s because of the aftermath of him losing his job.’

Goodwin was know for his ruthless cost cutting at RBS and lives off a £450,000 a year pension pot, according to a media report last year.

The main house has a luxurious conservatory overlooking the beautifully laid-out garden

The main house has a luxurious conservatory overlooking the beautifully laid-out garden

Just just two doors away from the mansion is the even bigger property of the former Sir Fred Goodwin, the man widely blamed for the near collapse of RBS in 2008

Just just two doors away from the mansion is the even bigger property of the former Sir Fred Goodwin, the man widely blamed for the near collapse of RBS in 2008

Sellers Retties say the mansion - called Kinellan - boasts a garage for three cars with mews-style guest accommodation above.

Sellers Retties say the mansion – called Kinellan – boasts a garage for three cars with mews-style guest accommodation above.

Retties say Kinellan is: 'An exceptional Victorian family home, magnificently extended to offer flexible, open-plan modern living.' One of the luxurious bedrooms is pictured

Retties say Kinellan is: ‘An exceptional Victorian family home, magnificently extended to offer flexible, open-plan modern living.’ One of the luxurious bedrooms is pictured

The property is set within beautifully maintained, secluded gardens and further benefits from mews-style guest accommodation above a triple garage

The property is set within beautifully maintained, secluded gardens and further benefits from mews-style guest accommodation above a triple garage

The home has a wealth of luxurious fixtures and fittings. The stunning dining room of the home is pictured

The home has a wealth of luxurious fixtures and fittings. The stunning dining room of the home is pictured

Read more at DailyMail.co.uk


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