Brexit is causing interest in Michael Flatley’s home to rise
There has been an increase in the number of enquiries from would-be buyers into Michael Flatley’s Irish mansion since Brexit.
Fomer Lord of the Dance star Flatley decided to put his ‘dream home’ up for sale a couple of years ago. It has been viewed several times over the past couple of months by a number of potential buyers, including some from the US.
The north Cork mansion, Castlehyde House, is expected to sell for between €20m and €30m.
The sale will be handled by Frank Knight and joint agents Goffs. It will be overseen by agent Rena O’Kelly. Ms O’Kelly said: “It is a restricted end of the market anyway and there has been uncertainty in the market for the last 18 months or so. But I think, post-Brexit, there is more certainty and we have seen that as interest in the property continues.”
Flatley initially decided to sell the property he once hailed as his “dream home” due to his work commitments. He told the Sunday Independent: “We took the decision to sell Castlehyde but that doesn’t mean that I will be leaving Ireland. I love Ireland with all my heart and I always will.
“But my work commitments are increasingly keeping me in London and in other parts of the world.
“The show (Lord of the Dance – Dangerous Games) opened in Bulgaria last week and we have major tour commitments coming up in the United States and Australia.
“It simply wasn’t an option going forward to have this beautiful house and yet be only able to spend a couple of weeks there every year. It wasn’t right and it wasn’t feasible.”
Although Flatley has since retired, the house remains on the market and it looks as though it will be sold when the right offer comes in.
Flatley purchased Castlehyde House in 2001 for €3m, when it was in near derelict condition. He spent a further €27m restoring it to its former glory, and the result was a magnificent luxury home.
The property will be one of the biggest landmark sales of the year in Europe, and is sure to attract interest from millionaires from all corners of the world.
Flatley reportedly beat Hollywood stars Tom Cruise and Hugh Grant to the purchase of the house in 2001.
A few years later, King of Pop Michael Jackson offered a ‘name your price’ bid for the property, to which Flatley declined.
However, now he has decided the time is right to move on. He explained: “I’ve had almost 20 years at Castlehyde and it has been a wonderful experience – some of the best times of my life have been spent there.
“That is what made this such a tough decision. There are so many happy memories.”