Dragon's den star Duncan Bannatyne has put his luxury home up for sale to begin a new chapter in his life.

With an £875,000 price tag, prospective buyers will have the chance of a five-bedroom contemporary house which overlooks the exclusive estate's golf course.

The 64-year-old, who believes it is time for him to move on from his home on Wynyard Estate, near Billingham, said: "I decided to sell as I am looking to start a new chapter in my life.

"I am undecided at this time as to whether I will purchase another house in Wynyard or whether I will move out of Wynyard.

"I think I will probably move out of Wynyard but will make that decision as and when I need to."

Mr Bannatyne, whose Bannatyne Group head office is in Darlington, runs one of the UK's leading leisure organisations.

It has 3,500 employees in the UK in 61 health clubs, 34 wellbeing spas, four hotels, and a bar in the centre of Newcastle.

However, in January a spokesman said the entrepreneur has had to "consolidate" his business following his divorce to wife Joanne.

His estimated wealth fell from £430m in 2011 to £85m last year.

The architect- designed property includes a games room and open-plan kitchen with full windows.

"It is a very relaxing house to live in, although it is also a very fun house and I have hosted great parties in it," he said.

"I love spending my time in the kitchen, I have a huge sofa in the kitchen, where I can kick off my shoes watch TV, cook or simply watch what's happening on the golf course, and it is a fabulous area and definitely my favourite part of the house."

The house includes a 19ft lounge with double doors leading to the garden plus a family games room.

The master bedroom has a vaulted ceiling with luxury en-suite bathroom and double whirlpool style bath and a double shower.

Mr Bannatyne: "The best thing about Wynyard is the people who live there."

For details call the Billingham office of estate agent Manners and Harrison on 01642 555888.