The narrative opens in the mid-nineteenth century with Ambrose Graye, a young architect whose prospects are blighted after he falls hopelessly in love with Cytherea Bradleigh in London. She abruptly renounces him for mysterious reasons, leaving him to a life of gloomy depression and unwise speculations that eventually lead to his sudden death from a church scaffolding. His children, Owen and Cytherea, are left in deep poverty and social obscurity in their native town of Hocbridge.
Seeking to escape harsh critics and creditors, Owen finds inferior employment as a draughtsman in Budmouth under an architect named Gradfield, while Cytherea seeks a living as a governess and companion. In Budmouth, Cytherea meets Edward Springrove, Gradfield's head draughtsman, and a mutual passion instantly develops between them. Their growing attachment is complicated by Edward's mysterious background and the burden of prior expectations, leading to painful misunderstandings and partings.
Cytherea eventually secures a position as companion to Miss Aldclyffe at Knapwater House, a wealthy and formidable woman whose past is strangely intertwined with Ambrose Graye. Through a series of romantic entanglements and dark family discoveries, Cytherea finds herself navigating Carriford village where Edward's cider-making father lives, and where Edward is betrothed to his cousin Adelaide Hinton. Meanwhile, the estate hires a new steward, Aeneas Manston, whose handsome exterior and complex history introduce new undercurrents of passion and deceit into the household.
As secrets concerning Manston's marriage and his wife's sudden arrival come to light, the characters find their lives caught in a web of hidden motives and tragic consequences. Hardy's novel develops through intricate entanglements of moral obliquity and emotional sacrifice, leading towards a resolution shaped by the inexorable chains of circumstance.