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OPULENCE & SPLENDOUR

Luxury and the artsFrom houses to cars and from Hockney to van Dyck, a profile of the best and the worst

I’m out

Duncan Bannatyne slices £100,000 off asking price of his former marital home

 

Listed in June 2013 for £899,000 according to Zoopla and now reduced to £799,995, Duncan Bannatyne OBE’s troubles with selling his home near Middlesbrough were detailed in yesterday’s ‘City Diary’ in The Telegraph.

 

The woes of Bannatyne – who stars as a business angel on the BBC programme Dragons’ Den and whom is looking to “start a new chapter” in his life– have been well documented. Reports that his fortune have dwindled from £430 million to £85 million have peppered the press since 2012 when he divorced for the second time and when also the value of his businesses slumped.

 

Duncan Bannatyne with his now ex wife Joanne
Duncan Bannatyne with his now ex wife Joanne
5 Castlereagh, Wynyard, Billingham, Teeside, TS22 5QF
5 Castlereagh, Wynyard, Billingham, Teeside, TS22 5QF

5 Castlereagh adjoins the fourth hole of Wynyard Golf Club and is described as “contrasting Californian design with some of the best features of style and individuality”. It includes 5 bedrooms, 4 reception rooms and a double garage. “Designer fittings” by Villeroy & Boch, Sottini, Philippe Starck and Bang & Olufsen are to be found throughout the property and Bannatyne’s study naturally includes at least four computer screens.

 

The hallway includes a bizarre miniature phone box
The hallway includes a bizarre miniature phone box
This reception room is basically furnished
This reception room is basically furnished
The family kitchen is described as "a real hub"
The family kitchen is described as “a real hub”
The rear of the house viewed from the fourth hole of the golf course
The rear of the house viewed from the fourth hole of the golf course
A floor plan of the property
A floor plan of the property

Of the house, which is for sale through agents Manners & Harrison, Bannatyne has commented:

 

“It is a very relaxing house, although it is also a very fun house and I have hosted great parties in it. I love spending time in the kitchen. It’s a fabulous area and definitely my favourite part of the house”.

 

Given the lack of interest thus far from potential purchasers in 5 Castlereagh, perhaps Mr Bannatyne might have to spend a little more time there yet.

 

 

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