Coast to Coast Homes ex-director Sean Craven says health issues are behind the sale of his Port Hughes house

His company left dozens of customers with unfinished dreams now a bankrupt builder is selling his own Port Hughes home – complete with indoor pool.

The home of a bankrupt home builder, whose company failed in one of the biggest corporate collapses of its type in South Australia, is up for sale.

Former Coast to Coast Homes director Sean Craven’s partner Margaret Nelson is selling their Port Hughes “beachfront” house for $1.15 million, nearly three years after his Yorke Peninsula building company went bust.

Mr Craven said the five-bedroom, four-bathroom Butler Crescent property was owned by Ms Nelson and that the sale of the house was due to “health reasons”.

“Margaret has had two strokes, I’m not well we have to get out due to health reasons,” he said.

Coast to Coast Homes’ collapse in May 2019 sent shockwaves through the housing sector costing 15 staff their jobs, leaving dozens of homes unfinished and hundreds of contractors and suppliers up to $9.5m out of pocket.

Mr Craven, who founded the company in Moonta in 2010, declared himself bankrupt on August 15, 2019.

The heated indoor swimming pool is a feature of former Coast to Coast Homes director Sean Craven’s Port Hughes house. Picture: realestate.com.au

Property title details for the Port Hughes house show Gregg Johnson, Mr Craven’s trustee in bankruptcy, transferred Mr Craven’s share of the Butler Crescent property to Ms Nelson on December 17.

The Advertiser was unable to determine if any of the funds from the sale would go to paying back any company debts.

Asked to reflect on the cause of his company’s demise, Mr Craven said it was “bad developers”. He said the family had also been through a tough time caring with a relative who died from cancer last year.

The advertisement for the two-storey Butler Crescent house, with heated indoor pool, says it was “built by the current owner” and is “superbly located on the corner of a private, quiet Port Hughes sort (sic) after location” with beach views.

Former Coast to Coast Homes founder Sean Craven’s Port Hughes house is just a short stroll to the beach. Picture Realestate.com.au

The open plan living of the 25 Butler Crescent property. Picture: realestate.com.au

Mr Craven’s son, Steven, who was general manager of the Coast to Coast Homes business and spearheaded its expansion into Adelaide, moved his family to Brisbane within months of the company’s failure.

Coast to Coast Homes collapse was the seventh SA home building business to fail in just seven months.

Treasurer Rob Lucas had described the firm’s demise at the time as one of the one of the “state’s worst”. Property owners spoke of their nightmare dealing with the company.