Lotto lout Michael Carroll loses £600k on trashed mansion

August 9, 2010 | by | 0 Comments

This is the foul wreckage inside Lotto lout Michael Carroll’s dream home which he has just been forced to sell making a staggering £600,000 loss.

The 27-year-old former bin man, who won £9.7m on the Lottery eight years ago, trashed his Norfolk mansion The Grange after years of wild parties

Carroll paid £340,000 for the five-bed home shelled out another £400,000 on an extension, pool, Jacuzzi and refurbishment.

But the lotto-loser finally sold the mansion last week for £142,000 – making a £600,000 loss.

Inside the mansion debris is strewn across the floor and kitchen units have been ripped from the filthy walls and yobs have graffitied ”Mikey joy rider from hell”.

Furniture dragged from the mansion has been dumped in the garden and the swimming pool is now a swamp filled with rubbish.

Any windows which has not been boarded up have been smashed by burglars, thieves and vandals and tonnes of earth and old tyres have been dumped in the garden.

A friend said Carroll plans to invest the money from the sale in an internet gambling site, buy a £10,000 car for his girlfriend Gemma Peake and take 18-month-old daughter Faye on holiday to Spain.

He said: ”He’s been desperate to sell that house because he needs some money. It was the last asset he had.

”All the new bedrooms and kitchen units have been ripped out of the years. It’s been sitting there for ages. It’s been the house no one wanted to buy.

”He’s going to put some of the money into an internet business run by a mate. It’s an online gambling site for horse racing, but is different because it only takes bets on donkeys.

”If it works he’ll get a good return. It’s not like a normal bookies they only take bets on horses which have got no chance of winning.

”Mikey puts the money in but he won’t lose it because 98 per cent of the time the horses will lose.

”The thing is he’s never been very good with money. He’d invest in something then take it straight out because he needs quick cash.

”He’s learned and knows this is his last chance and once he’s got through it there’s nothing left.”

The penniless lout has spent his fortune and had hoped to return to his old job as a £200-a-week bin man after being made bankrupt in February but did not get the job.

He sold the house on Thursday to Peter Mears, a travel agent from Norfolk, who plans to renovate and move in.

If the house in Swaffham, Norfolk, had been kept well, Carroll, now living at nearby Downham Market, could have received up to £700,000.

His ex-wife Sandra will get half the cash from the sale and after paying estate agents and solicitors, he will be left with just £63,000.

Since Carroll hit the jackpot he has frittered away his fortune on women, alcohol and drugs.

He has also racked up ASBOs, motoring offences, criminal charges and a prison sentence.

He moved from The Grange in 2004 to a £350,000 ranch style home in Downham market before moving again in the town to modest new build semi.

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