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Named after the castle at Kirriemuir, in Forfarshire, by Captain David Ogilvy.
The Ogilvie family had held Inverquharity Castle from 1440 for over fourteen generations.
The land at Richmond which became Inverquharity was originally part of the Carrington Estate of Lieutenant-Governor George Arthur, which was disposed of in 1836. Ogilvy purchased the land to the east of the Coal River. By 1842, Inverquharity was home to eleven people, six of them free. Four convicts were male on private assignment. The house at Inverquharity was of brick construction, and incomplete in 1842. In 1858, David Ogilvy was farming 1,462 acres of the property. Additionally, Arthur James Ogilvy was living in a cottage on 50 acres of the property, John Derrick leased and lived on 170 acres, Leman Thomas Goldie and Edward Breton Goldie (both of Laburnum Park) were leasing 70 acres, and Francis Waters was living on 15 acres. Ogilvy leased 1,000 acres of the property to Edwin Walter Goodwin, and 670 acres to Arthur James Ogilvy in 1870. Ogilvy had no heirs, and in 1876 at his death it passed to his nephew Arthur James Ogilvy.
Arthur James Ogilvy's son, Kenneth, inherited the property that in 1903 consisted of 1,660 acres. He leased the property to James Burn during the First World War, and later sold the farm to Charles Swan of Carrington. Later, G. R. Brettingham-Moore bought the property, and made modifications to the house, including another story of stuccoed concrete. Brettingham-Moore transformed the house into the "Inverquharity Country Home", which when advertised in 1931, offered accommodation for 13 guests, with tarriffs starting from 10/- per day, or 63/- per week. A nine-hole golf course was one of the atttractions (possibly the first golf course in the valley), as well as swimming, riding and shooting.
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