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BNPS.co.uk (01202 558833)<br />
Pic: Savills/BNPS<br />
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An entrepreneur who bought a castle for three million pounds before spending a fortune doing it up is set to make a massive loss - as it is back on the market for just five million.<br />
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Kate Armstrong, the founder of Confused.com, splashed out on the ancient property and its 295 acre estate in 2009.<br />
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It had been neglected for many years and had problems including rot to some of the rooves and damage to ornate design work.<br />
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Mrs Armstrong spent 'several million' renovating the building over four years which included installing heating, plumbing, and painting the entire exterior.<br />
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It now features 13 bedrooms, seven of which have luxurious en-suites, a wine cellar, cinema room, and space for a gym.<br />
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Many historical features on the property have been retained including a 15th century staircase and a two-storey front dating between 1830 and 1832.<br />
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The castle, called Cassilis House, is situated in the beautiful countryside near Maybole, south Ayrshire in Scotland.<br />
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It was built between 1404 and 1454 and was owned by generations of the Kennedy family until 2009, when the last descendent, Mary, Marchioness of Ailsa, died.<br />
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The renovation of the property was featured on a BBC documentary which aired in August last year.<br />
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Despite spending so much money developing the castle Mrs Armstrong has put it back on the market for just five million pounds in the hope that a buyer will move in quickly.<br />
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The property is also being sold with a five bedroom coach house, a three bedroom lodge, and a three bedroom garden cottage.<br />
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The estate is being sold through Savills.