Monday 26 September 2016

Former ghost estate boasts remodelled cottages at a knock-down price

St James Wood, Stradbally, Co Waterford Asking price: €00 Agent: REA O'Shea O'Toole (051) 876757 or REA Spratt (058) 42211

Published 03/06/2016 | 02:30

St James Wood has been completely remodelled since it was left a ghost estate due to the property crash.
St James Wood has been completely remodelled since it was left a ghost estate due to the property crash.
One of the 'cottages' in Stradbally

This might be a picture off the top of a chocolate box from middle England, or it could be a former ghost estate in Waterford. Surprisingly, it's the latter, and for anyone wanting olde world charm, St James Wood might just tick the 'quiet man' box.

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The development of 15 cottages is in the coastal village of Stradbally (not the Electric Picnic one), on the Cork/Waterford road, 90km from the former and 37km from the latter. Dungarvan is 13km away and the tidy towns-winning village itself is on the doorstep.

They were originally built in 2006 and have been completely remodelled by Causeway Capital Group, which is responsible for other residential and commercial developments in the area.

Two styles are on offer, A and B. The first is 1,870 sq ft and comes with a kitchen, dining room, living room, utility and WC on the ground floor, along with two bedrooms. Upstairs are two more, with the master having a walk-in wardrobe and ensuite.

The second is also ensuite and there is another bathroom here also. The kitchen has a full range of appliances fitted.

Style B is bigger at 2,000 sq ft, with a slightly different room layout on the ground floor, but on a smaller site, so the outlay for each is the same at €300,000.

And if you think that's on the pricey side for a holiday home, consider these were originally on the market for an eye-watering €820,000 at the height of the Boom. Not even misty-eyed Americans bought at that level and the development fell into disrepair, becoming a ghost estate, albeit the prettiest one on the books.

The thatching was carried out by artisan craftsmen using a natural water reed thatch and meets the standards for water proofing, insulation and fire resistance (an 'A' rating). It should last many decades.

The market is clearly aimed at the holiday home hunters, either direct buyers or as buy-to-lets.

Waterford has established itself as a bit of a foodie hub with the award winning Tannery Restaurant and annual food festival. By autumn, the Greenway - a 40km dedicated cycle path along a railway line - will open, connecting the village to Dungarvan and Waterford City.

For water lovers, Stradbally Cove is five minutes' walk from the village and nearby beaches include Clonea Strand, Bonmahon and Annestown.

The grand Woodhouse Estate, bought and restored by American entrepreneur Jim Thompson in the last few years, is also here.

Viewing is by appointment with the joint agents.

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