Drumm house back on market

The driveway has gone mossy, the study is a bit dark and the kitchen rather uninspiring; but if you have a flare for home decor, a fondness for Celtic Tiger relics and €1.65m to spare, the former home of a banking legend could be your not-so-humble abode.

Former Anglo Irish Bank chief executive and refugee from public fury, David Drumm, is having to look on from the US as a ‘for sale’ sign goes on his old pad in Abington estate in Malahide, Co Dublin.

A bankruptcy court in Boston where Mr Drumm has living since fleeing Ireland amid Anglo’s collapse in late 2008 ordered the disposal of the house before Christmas and Dublin estate agents, North’s Property, have now taken charge of putting it on the market.

Viewings begin this weekend when interested investors, home-seekers and undoubtedly the purely nosy will get a tour of the six-bedroomed Regency style home which, at more than 5,000 square feet, is about five times the size of the average three-bed semi.

Number 20 also has five bathrooms, a TV room, playroom, drawing room, dining room, study, kitchen and utility room, along with an entrance hall you could park several cars in and a double garage if you’d rather keep muddy tyres off the mosaic tiled floor.

Other interior features include underfloor heating, a central vacuum system, four marble fireplaces, a marble tiled en suite, a cloakroom and dressing room while outdoors the maintained back garden is south-facing and the property is sealed by electronic gates with video intercom.

The asking price is a long way short of the €2.9m Drumm sought when he put the house on the market in 2009 and it’s also a big reduction on the €2.3m it was valued at when he came off the market later that year.

It undercuts numerous properties in the luxury enclave that is home to Boyzone’s Ronan Keating and Westlife’s Nicky Byrne.

A neighbouring six-bed, albeit a far more elegant affair set on a bigger site, is on offer for €1.8m while another with six bedrooms, accompanied by a separate coach house, is seeking an optimistic €2.8m.

Proceeds from the sale of the Drumm property will mainly go to Anglo, now Irish Bank Resolution Corporation, which is pursuing its former chief for debts of €8m.