Bannockburn House is of cultural significance due to its association with medieval battles, Jacobite history, and ties to the tartan weaving industry.

[7] When the house passed to his daughter, Mary Paterson, in 1787, she sold the property to William Ramsey of Barnton and Sauchie.

Alexander made many additions and changes to the house, including a new porch entrance and extension to the library and office, and above the main doorway a recess to accommodate a coat of arms which now is empty.

It was announced in April 2017 that the Trust had secured an exclusive right to buy the property and were actively fundraising to raise the required funds.

[11] In January 2025, it was announced that work was underway on repairing the roof, which had suffered water damage that was putting the ornate plasterwork ceiling at risk.

The work, which was described as "vital to save the historic fabric of the building", involves documenting and examining every piece of material that needs to be removed or replaced.

[2] In August 2018 a programme of metal detecting and test pitting was undertaken on the grounds with the goal of confirming the possible presence of the Jacobite army camp that was set up prior to the Siege at Stirling and the Battle of Falkirk in January 1746.

[2] Metal detecting and excavation was led by Dr Murray Cook with the assistance of a team of local volunteers and support of the Bannockburn House Trust.

[2] Trench 1 revealed a kerbed and cambered metal trackway that ran along the eastern boundary of the estate.

In the midden part of the neck and strap handle of a green glazed redware dating to the 16th or 17th century was found.

The size and condition of the piece of pottery indicate that it likely had not travelled far, suggesting the possibility of an earlier settlement in the area.

This geophysical investigation was part of a programme of assessments that were undertaken prior to the installation of poly tunnels and the planting of shelter belts and orchards on the grounds.

This likely corresponds to a pond or an open water channel that led from the rockery in the walled garden and then drained into the field.

[14] Another area of high resistance with defined boundaries was recorded in the northern part of the fields, which might suggest the presence of structural remains, anthropogenic activity, or natural features.

[14] In 2021 a partial excavation was undertaken to understand the extent and use of a potential 19th century midden that was identified during water supply works that occurred in 2019.

Additionally, the midden deposit included a large amount of coal ash (likely from the hearths of the House), building rubble, slate shingles, and deposits of tarry material (likely building material waste from when the house was extended and renovated in the Victorian period)[15] In March 2023 a walkover survey was carried out on the grounds of Bannockburn to identify any previously unidentified features.

Previously identified features, including one of the gardens and evidence of agriculture and coal mining were recorded.

[8] The house and estate have been used as a filming location for Susan Hill's Ghost Story, an adaptation of her novel, The Small Hand, shown on Channel 5 on Boxing Day 2019.