Drumm's Abington home on sale for knockdown price

Drumm's Abington home on sale for knockdown price

20 Abington has gone on sale for €1.65 million

The former home of Anglo Irish Bank chief executive David Drumm in Malahide, Co Dublin, has gone on sale for a knockdown €1.65 million.

The property, which has periodically been on the market since 2009, is being put up for sale on the instruction of Kathleen Dwyer, the Boston lawyer appointed to liquidate the assets of Mr Drumm, who filed for bankruptcy in the US in October 2010.

North’s Property of Fitzwilliam Place in Dublin 2 are handling the sale with viewings beginning this Saturday.

North’s executive chairman Pat Stephenson told the Irish Times that the Abington home was “a nice house, in good condition generally.”

The €1.65 million asking price is well short of what was initially sought for the property. Offers above €3 million were anticipated when it first hit the market but this subsequently lowered to €2.79 million and €2.3 million before the house was withdrawn.

Mr Stephenson said he priced the property in line with recent transactions in the area,  which included the sale of Fulton – the former home of singer Ronan Keating and his wife Yvonne – for €1.5 million.

No 20 Abington is a double fronted, Regency-style home extending to approximately 480 sq.m.(5,167 sq.ft.).

Accommodation briefly comprises of a beautiful entrance hall with feature timber staircase; three spacious reception rooms; large kitchen with sun-filled dining room off; six bedrooms including luxurious master suite with dressing room; five bathrooms.

Abington is an exclusive development of detached, luxury, executive-style homes just off the Swords Road and within easy walking distance of Malahide village centre. Malahide has long been one of the most desirable coastal locations in Dublin.

View the property’s brochure on MyHome.ie here.

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