Kate Garraway Sells £2 Million Home Amid Financial Struggles

Kate Garraway, the well-known television presenter, recently put her £2 million second home in Islington on the market. This decision follows her significant financial burden stemming from the care of her late husband, Derek Draper, who passed away after a prolonged battle with Covid-19 in January 2024. Garraway, 58, has publicly faced the emotional and financial challenges that have accompanied her husband’s illness.

On a recent outing in London, Garraway appeared to maintain her spirits despite the circumstances. She wore a vibrant, eclectic outfit, including a colourful boho skirt paired with a fitted T-shirt and a beige cardigan. Her ensemble was completed with tan sandals and minimal makeup, demonstrating her resilience in challenging times.

Garraway’s financial situation is complex. She has been left with approximately £800,000 in debt related to her husband’s medical care. Additionally, she is navigating debts from Derek’s psychotherapy firm, Astra Aspera Ltd, which recently went bankrupt, owing substantial amounts to creditors, including a significant tax bill to HMRC.

Details of the Property Sale

The three-bedroom, four-storey townhouse in Islington, which the couple purchased for £550,000 in 2004, had been listed for rent at £6,750 per month. The property is now officially for sale and is expected to fetch around £2 million, as confirmed by the Land Registry Office.

According to the property listing, the house includes a roof terrace and a private garden, providing both modern amenities and period charm. Described as ideal for comfortable living, the home features a spacious living area and a fully fitted kitchen leading to the outdoor space.

Garraway’s financial challenges have prompted speculation about the future of her primary residence in Muswell Hill, which she was reportedly considering selling earlier this year. However, by opting to sell her second home, she has potentially avoided that drastic measure.

Financial Context and Ongoing Struggles

The recent liquidator’s report for Astra Aspera Ltd reveals that Garraway is actively working to address her debts. The report notes that HMRC has reduced its tax claim from £716,822 to £288,054, though the reasons for this decrease remain unclear. Furthermore, other creditors have submitted claims amounting to £196,548, including a £50,000 bank loan.

This is not Garraway’s first experience with financial difficulties. In 2012, two other companies jointly owned with Derek were liquidated, leaving substantial debts. The situation reflects ongoing challenges for Garraway, particularly as she has sought to provide care for her husband during his illness.

While Garraway’s financial and emotional hurdles continue, she maintains a public presence, demonstrating her resilience in the face of adversity. Through her appearances and ongoing work, she has become a source of inspiration for many navigating similar hardships.

As Garraway moves forward, the sale of her property marks another chapter in her efforts to regain stability following a tumultuous period in her life.