Sale agreed on Drumms’ €650k home
JUST one month after putting their home on the market, disgraced former Anglo Irish Bank boss David Drumm and his wife have found a buyer.
Their four-bedroom detached house in the north Dublin coastal town of Skerries has gone sale agreed exactly 12 months after the convicted fraudster’s release from prison.
And assuming the buyers have offered the €650,000 asking price, it looks certain the banker’s wife Lorraine will pocket a tidy €200,000 plus profit from the sale. The mother-oftwo bought the house at Barnageeragh Cove, Skerries, five years ago in August 2016, in what appears to have been a cash deal as no mortgage was recorded against the home.
Her husband was released from prison last February after serving two years and eight months of a six-year jail sentence for his involvement in a €7.2billion bank fraud.
Their search for a new home continues. Among the properties that caught their eye was a rambling dormer bungalow outside Skerries – but the former banker failed to seal the deal.
A source told the Irish Mail on Sunday: ‘The asking price was around €795,000... David was very involved in the negotiations and... the price went up and up. But... no deal was done.’
valerie.hanley@mailonsunday.ie