Sunday 4 December 2016

Killiney home with a €100k fireplace on the market for €1.375m

Killiney new-build in an old style features €100k fireplace

Published 30/10/2015 | 02:30

Whitethorn has detailed cornicing and other Victorian style features inside
Whitethorn has detailed cornicing and other Victorian style features inside
The kitchen features a centre island
The hallway with wooden staircase.
The sunroom has a wood-panelled ceiling.
The Whitethorn sitting room
The entrance to the hallway
The fireplace in Whitethorn is worth €100,000

The fire is traditionally at the heart of an Irish home, but would you value your hearth space enough to burn a six-figure sum acquiring and installing a top fireplace?

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At the height of the property boom in 2006, the developer of three exclusive mock period homes at Whitethorn, on Balure Lane in Killiney, spent almost €100,000 on a George IV carved marble chimneypiece for the drawing room of Number 1 in the scheme.

The white marble chimney piece (to use the correct term) was acquired at an Adams auction that year for €85,000. Another €12,000 was spent on the basket and insert. Throw in transport, specialist fitting and other costs at about €3,000 and you're up to €100,000.

The Adams catalogue for the March 2006 auction describes: "A fine George IV carved white marble chimneypiece, the stepped mantle above an ovolo and bell flower frieze, the central entablature carved with a scene depicting bacchanalian revellers with flanking vine and acanthus leaf scrolls, the jambs surmounted by musical trophies above classical pastoral figures on stepped plinths." Phew!

And 2006 was also a significant year for the property market - prices had been in orbit that year - the peak of the Irish property bubble. Just months before the chimney piece was acquired Sean Dunne and Gayle Killalea had shelled out €58m for Walford on Shrewsbury Road, the highest price ever paid for an Irish home and a record that stands to this day.

But just two months after its acquisition, a series of auctions for D4 trophy homes showed the first cracks when they either failed to sell or squeaked over the line at auction. By the time the autumn 2006 sales season came, the Dublin trophy home market was being flooded and prices had ceased to rise. The party was over, the crash was already in the post and the three period-style homes at Whitethorn finished in 2007 would end up rented out through most of the decade following.

The kitchen features a centre island
The kitchen features a centre island
Whitethorn has detailed cornicing and other Victorian style features inside
The hallway with wooden staircase.
The sunroom has a wood-panelled ceiling.
The Whitethorn sitting room
The entrance to the hallway
The fireplace in Whitethorn is worth €100,000

However the cycle has turned again and Number 2 has just gone sale agreed at €1.35m, bringing Number 1 (with a larger plot of one third of an acre) up for sale this week at €1.375m.

While it is unlikely that the white marble chimneypiece, like the house, would bring the same cash as it would have done in 2006, it has been estimated that a respectable €75,000 could be possible in today's antique market. It also adds perfect authentic gravitas to a very deliberate imitation of a Georgian or early Victorian dwelling complete with porticoed entrance and period-style stucco work and joinery.

The advantage of buying Number 1 (rather than a typical Killiney Georgian/Victorian) is that you get all the atmosphere without the wet rot, dry rot, damp, and money-pit maintenance bills which a genuine 1830s home would saddle you with.

Another huge investment that will pay off comes with the deep bore geo thermal heating. This required a well-type drilling down hundreds of metres to tap into unlimited free heat from the earth's core and at a similar outlay to the fireplace. The geo thermal heating will save a fortune in future proofing fuel bills along with the home's solar panels.

Like the fireplace, the 3,500 sq ft house comes with the best of fittings, including limestone and solid wood floors, a mahogany staircase, an integrated vacuum system, and a whirlpool bath upstairs. Accommodation includes two halls, a dining room, drawing room, sitting room, a large kitchen and breakfastroom, a sun room and five bedrooms with two ensuites.

The house also comes with an attic with the floor space of a family terrace home at 710 sq ft.

1 Whitethorn

Balure Lane, Killiney, Co Dublin

The Whitethorn sitting room
The Whitethorn sitting room
Whitethorn has detailed cornicing and other Victorian style features inside
The kitchen features a centre island
The hallway with wooden staircase.
The sunroom has a wood-panelled ceiling.
The entrance to the hallway
The fireplace in Whitethorn is worth €100,000

Asking price: €1.375m

Agent: Hunters (01) 2751640

Indo Property

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