Thursday 23 October 2014

Location, location, location

Published 18/01/2014 | 22:59

It remains the byword for Dublin’s property market and, much like the heady days of the Celtic Tiger, prospective buyers are on the hunt for homes that tick a number of boxes.

Value for money remains top of the list, but in a market where demand outstrips supply, people are now willing to stretch their budget to the maximum in order to secure their dream home.

A renewed vitality to the Dublin property market is reflected in a six-bedroom sprawling terraced house in leafy Monkstown, which sold for €1,750,000 last August. Number 5 Clifton Terrace is a mid-terraced double-fronted period home of considerable size which enjoys breathtaking sea views over Dublin Bay towards Howth. It retains many of its period features.

The enduring appeal of Blackrock in south Dublin shows no sign of abating, with Lios An Uisce, 1 Rock Road, providing a case in point. The detached five-bed, four bath trophy home fetched €3,200,000 last October. In May last year, the 5,636 sq feet property was first listed for €3,000,000.  But within the space of just five months the property had soared in value, netting the seller a cool €200,000 extra when a final sale price was agreed.

Earlier this month, Ranelagh proved once again why Dublin 6 remains one of the hottest locations in south Dublin. On January 14, number 35 Dartmouth Square sold for €1,400,000. The elegant Victorian residence has many original features. Malakoff House, a Victorian family home on Rathgar Road in Dublin 6, sparked a flurry of interest before selling for €1,100,000 last month. The striking semi-detached, five-bed house includes four baths adjacent to a host of neighbourhood amenities at nearby Rathmines.

Outside the capital, and Douglas in Co Cork is one of the most sought-after residential locations in the county. Knockrea House, a period property boasting five bedrooms and two bathrooms, sits on an acre of mature gardens in a secluded setting within 1km of Cork City. It sold for €1,200,000.

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