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](https://www.thesteepletimes.com//wp-content/uploads/2020/01/Duncan-Bannatyne-with-his-now-ex-wife-Joanne-1.jpg)
![5 Castlereagh, Wynyard, Billingham, Teeside, TS22 5QF](https://www.thesteepletimes.com//wp-content/uploads/2020/01/5-Castlereagh-Wynyard-Billingham-Teeside-TS22-5QF-1.jpg)
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](https://www.thesteepletimes.com//wp-content/uploads/2020/01/The-hallway-includes-a-bizarre-minature-phone-box-1.jpg)
![This reception room is basically furnished](https://www.thesteepletimes.com//wp-content/uploads/2020/01/This-reception-room-is-basically-furnished-1.jpg)
![The family kitchen is described as "a real hub"](https://www.thesteepletimes.com//wp-content/uploads/2020/01/The-family-kitchen-is-described-as-a-real-hub-1.jpg)
![The rear of the house viewed from the fourth hole of the golf course](https://www.thesteepletimes.com//wp-content/uploads/2020/01/The-rear-of-the-house-viewed-from-the-golf-course-1.jpg)
![A floor plan of the property](https://www.thesteepletimes.com//wp-content/uploads/2020/01/A-floor-plan-of-the-property-1.jpg)
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.