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21/08/2009
Grand Home Drops 'Three Grand'
An expansive County Down estate has had to drop its asking price by £3m over the last two years, it has been revealed.
Mountpanther, in Newcastle, boasts scenic views across the coastline and Mourne Mountains, however, no buyer has been found since it went on the market for £8m in 2007.
Ulster Property Sales said it now thinks the £5m price tag for country retreat and and 170 acres of farm land is more realistic.
"Prices have dropped from the bottom of the market to the top and just because Mountpanther's such a special place doesn't make it any different," UPS's Joanne McKee said.
"We feel we have put a realistic price on it."
Famous guests to the once opulent 18th Century mansion included the late Princess Margaret and her former husband Lord Snowdon, as well as Dynasty star Joan Collins.
However, the grand home now lies derelict. But UPS has been keen to stress it offers "huge potential" to developers.
"We've had no offers yet, but we're working very closely with a couple of interested parties and we feel we're getting to the stage where a sale could be made soon," said Ms McKee.
At one time a safari park was housed on the site, but it now looks more likely a golf course or leisure resort could take its place.
(PR/BMcC)
Mountpanther, in Newcastle, boasts scenic views across the coastline and Mourne Mountains, however, no buyer has been found since it went on the market for £8m in 2007.
Ulster Property Sales said it now thinks the £5m price tag for country retreat and and 170 acres of farm land is more realistic.
"Prices have dropped from the bottom of the market to the top and just because Mountpanther's such a special place doesn't make it any different," UPS's Joanne McKee said.
"We feel we have put a realistic price on it."
Famous guests to the once opulent 18th Century mansion included the late Princess Margaret and her former husband Lord Snowdon, as well as Dynasty star Joan Collins.
However, the grand home now lies derelict. But UPS has been keen to stress it offers "huge potential" to developers.
"We've had no offers yet, but we're working very closely with a couple of interested parties and we feel we're getting to the stage where a sale could be made soon," said Ms McKee.
At one time a safari park was housed on the site, but it now looks more likely a golf course or leisure resort could take its place.
(PR/BMcC)
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Northern Ireland WeatherToday:A cloudy day with a little light rain or drizzle at times, but some spells of drier weather too. The north coast may become somewhat brighter later this afternoon. Maximum temperature 11 °C.Tonight:Cloudy and patchy light rain will slowly clear away this evening. Then the rest of the night will be dry with broken cloud. Westerly winds freshening in the early hours. Minimum temperature 6 °C.
