Sale agreed on NI's 'record price' house

Sale agreed on NI's 'record price' house

A property which was originally agreed to sell for a record-breaking £3.5m during Northern Ireland's property boom has been sold on the market for £825,000.

The house at 50 Malone Park was at the centre of a legal battle after a businessman agreed to buy it at the height of the property boom but then refused to pay.

A high court ordered Nicholas McKenna to pay over £2m for the house last year despite claims the head of the Ballymena-based Galgorm group had pulled out of the deal.

The businessman had denied suggestions that the property crash thwarted any hopes of making a £500k profit on the house.

The offer was expected to make the six-bedroom Victorian property the highest-fetching residence on the market at the time.

A sale has now been agreed for the premises for the more humble sum of £825,000 according to Ulster Property Services.

© UTV

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