The police serious crash investigation attended the scene and was continuing its investigation.
Before the crash, police said a patrol unit in the area saw the vehicle speed past and attempted to locate it.
Police then located and spoke to a member of the public who had witnessed the car being driven at speed.
The crashed vehicle was located shortly afterwards.
Police said the dead driver's name would not be released until family members had been informed.
A local resident told the Herald last night she heard one car "speeding" past her house followed shortly by the sound of sirens.
"I heard the speeding car and then I heard the patrol car," she said.
"We've driven down to have a look -- it's a terrible wreckage."