One of Ireland's first homes to sell for IR£1m returns to the market in Dublin
One of Ireland's first IR£1m estate homes returns
In 1999 when Park Developments built Carrickmines Wood in Dublin 18, eyebrows were raised when the agents announced that the cost of the houses would be IR£1m plus.
Even though property prices had been surging for a number of years (they ran up by a quarter to 30pc in Dublin in 1997 alone), it was still possible to buy a second hand terrace house in South Dublin for the equivalent of around €150,000.
The current Transport Minister Shane Ross visited the site as a journalist working for the Sunday Independent. Afterwards, he wrote: "Are we witnessing a property market which is simply berserk?" He added: "Are we heading for a crash as punters push prices to unsustainable levels?"
Ross was right (eventually) but at that point, no one could imagine just how high property prices would surge in the following years before the bubble burst.
But that said, even despite one of the worst crashes seen in any country, values have almost doubled in monetary terms at Carrickmines Wood since the first gilded buyers moved there in the Millennium year. In real terms, those who bought 18 years ago and held on to their properties have done alright, thank you very much.
Although values fell, with one houses at The Oaks selling for €860,000 in 2012, later that year No 14 sold for €1.215m and the last recorded sale two years ago in 2015 saw No 15 change hands for €1.95m.
The developers had the houses designed in a neo Edwardian "home counties" style and the look has dated well. Another big difference at the time at Carricmines Wood, compared with other top-end schemes; was the substantial sites of one third of an acre.
The house at 10 The Oaks is the first to be placed on the market since 2015. Hunters is seeking offers in the order of €1.95m. Another characteristic of The Oaks homes is the generous room sizes - in this property, the sun room/family room stretches to 25ft and the total floor area of this house is just under 3,500 sq ft - three times the floor space of an average family semi.
The property is approached by automated timber gates up through a gravelled driveway. As with a period Edwardian, the entrance hall establishes the tone with an arts and crafts style American oak staircase leading up to a galleried landing above and a Turkish Travertine tiled floor. Off this is the drawing room with a Crema Marfil fireplace. This room is triple aspect and double doors lead from here to the patio and garden outside.
The dining room has a black marble fireplace and a polished timber boarded floor. This room is also triple aspect and has a door leading through the kitchen breakfast room.
This is fitted out with Siematic units and a centre island with granite worktops, and a stainless steel cooker splashback and extractor. There is a one-and-a-half sink with an "Insinkerator" installed to dispose of food waste. There's a five ring induction hob, a double oven, an integrated dishwasher, fridge and a floor of marmoleum. The room is open plan into the breakfast area and there's a utility room located off it.
The aforementioned sun room or family room has electrically operated sky lights and blinds to save you straining with tall poles and hooks. There's underfloor heating here and double doors lead out to the garden. There's also a sitting room and a guest wc on this floor, along with the fifth, guest bedroom which is ensuite. Three of the four upstairs bedrooms are also ensuite.
The master chamber has its own walk-in wardrobe and changing room, and all the ensuites come with a Grohe power shower while the family bathroom is fitted with a Jacuzzi bath.
The one-third acre garden is south west facing with a substantial Indian sandstone patio, a striking water feature and a heated pavilion. The detached double garage has an attic which is floored for storage.
10 The Oaks
Carrickmines Wood, Carrickmines, Dublin 18
Asking price: €1.95m
Agent: Hunters (01) 2897840