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.
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.
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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Tasteless decor. No wonder no one wants it.