New Place (grid reference SP201548) was William Shakespeare's final place of residence in Stratford-upon-Avon. He died there in 1616. Though the house no longer exists, the land is owned by the Shakespeare Birthplace Trust.The house stood on the corner of Chapel Street and Chapel Lane, and was apparently the second largest dwelling in the town. It was built in 1483 by Sir Hugh Clopton, a wealthy London mercer and Lord Mayor. Built of timber and brick (then an innovation in Stratford) it had ten fireplaces, five handsome gables, and grounds large enough to incorporate two barns and an orchard.In 1496 Sir Hugh Clopton left New Place in his will to his great-nephew William Clopton I ('my cousin William Clopton') and the male heirs of the lordship of Clopton. In his will William Clopton I (d. 29 May 1521) granted his wife, Rose (d. 17 August 1525) a life interest in the property, with the reversion after her death to his son, William Clopton II. In November 1543 the latter leased it for forty years to a surgeon, Thomas Bentley (d.1549), who left his wife, Anne, a life interest in the lease during her widowhood. Anne remarried, however, and after she became the wife of Richard Charnock, William Clopton II retook possession of New Place. By his wife Elizabeth Grey, the daughter of Sir Edward Grey of Enville, Staffordshire, William Clopton II had a son, William Clopton III (1537–1592), to whom he left New Place by will in 1560. On 20 December 1563, hard-pressed for money to pay his sisters' marriage portions and continue travelling in Italy, William Clopton III sold New Place to William Bott, who had already resided in it for several years. In 1567 Bott sold New Place to William Underhill I (c.1523 – 31 March 1570), an Inner Temple lawyer and clerk of assizes at Warwick, and a substantial property holder in Warwickshire.At his death in 1570, Underhill left New Place to his son, William Underhill II (d.1597), who in 1597 sold it to William Shakespeare for £60. He died two months later, and it emerged that he had been poisoned by his eldest son and heir, Fulke Underhill. According to some sources, Fulke Underhill died in May 1598 while still a minor and before the fact that he had murdered his father was discovered. According to other sources, however, Fulke Underhill was hanged in 1599 for his father's murder and attainted for felony, whereby his property, including New Place, was forfeit to the crown. In 1602 the Court of Exchequer appointed a commission to 'obtain an account of the possessions of Fulke Underhill of Fillongley, county Warwick, felon, who had taken the life of his father, William Underhill, by poison'. When Fulke's younger brother, Hercules Underhill, came of age in 1602, his father's former properties were regranted to him, and he and Shakespeare negotiated a confirmation of the sale.Shakespeare was associated with London for much of his life, and tradition states that he retired to Stratford in his later years, though he still visited London as late as 1614. He bought the house in 1597 but didn't move into it until 1610.