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Monday 24 April 2017

Live the life of a squire for €2.9m

Donal Buckley

THEY would once have been Celtic Tiger dream homes at a price few could afford.

Living the life of a country squire on 160 acres will set you back a cool €2.9m today, while you can buy a period seaside villa in Dalkey for less than a €1m -- prices from auctions this week, estimated to be half what they could have been at the market peak.

In Wicklow, a local landowner outbid two rivals by paying €2.9m for Kiloughter House on 160 acres, near Ashford village.

That was €400,000 more than the €2.5m guide price by Jordan Auctioneers, but it was also almost half what it would have been expected to make at the market peak.

The property was at one time part of the estate belonging to famous art collector Sir Chester Beatty, and a number of famous Irish racehorses were either bred or raised there.

Meanwhile, in Dublin yesterday the period Dalkey villa known as Prince Patrick sold at auction for €980,000, or €30,000 over its advised minimum value.

Agents Lisney reported that four people competed in the bidding and the purchaser is expected to refurbish the house for their own use.

At the peak of the market the property could have sold for over €3m -- or more if it had been refurbished before auction.

Irish Independent

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