Sheridan Park in desirable Cork suburb
Cork developers Paul Forde and Tommy Murray of Citidwell, a relatively new firm, have just launched a new development, Sheridan Park, on the Tramore Road. Situated on the old Keating's bakery site, Sheridan Park is a slightly higher density than some of their other recent projects.
To date, Citidwell has focused on niche developments in some of Cork's more sought-after suburbs and is becoming known for its high-end finish. There was Citadella located off the city end of Blackrock, a prosperous, central suburb, which has little land available for development. It consisted of four four-bedroom detached houses, laid out over three floors and 147sqm. It launched in November 2014, with units selling at €520,000, representing a strong and immediate take-up.
More recently, Citidwell launched Beverley in Donnybrook, near Douglas Village in Cork, last October. Again, this was a development of four detached houses, with four bedrooms, 187sqm laid out over two floors. Beautifully situated in the grounds of an old house and at the higher end of the market, with asking prices of €550,000 and €560,000, as of last week, all these units were on reserve.
With its latest project, Sheridan Park, Citidwell is bringing 22 houses to the market, with a possible further six units, consisting of apartments and duplexes to be added at a later date. This first phase will see the launch of four properties, consisting of two end-of-terrace and two mid-terrace four-bedroom homes, approximately 156sqm, laid out over three floors.
As with the Blackrock site, this is not an area that sees a lot opening up in the way of new developments, so the houses are likely to be of great interest to buyers. The mid-terrace houses are priced at €335,000 and the end-of-terrace at €340,000. All provisionally carry an A2 to A3 BER rating.
As well as the master bathroom, all four double bedrooms are en suite and there is underfloor heating on the ground level. The ground floor comprises a separate living room and open-plan kitchen/dining room, as well as WC and utility room, with parking for two cars at the front and gardens to the rear.
The site opens this week, with the first house due to be ready by late summer or early autumn, and total completion of the project is expected within nine months. The units will be finished to walk-in condition, with flooring and kitchens complete and only appliances and soft furnishings to purchase. Further phases will include four-bed, semi-detached units and more terraces.
Situated just off the south link road, in the western suburbs, Sheridan Park is within a five-minute drive of Cork city centre. It is near numerous amenities, including shops, schools and churches, Wilton Shopping Centre is nearby and a bus route to the city passes by the development. Suburbs Douglas and Bishopstown are within a five-minute drive. This is one of Cork's more mature areas.
Ann O'Mahony, of estate agents Sherry FitzGerald, says that whilst the first two months of the year have been quiet for launches both of new homes and the second-hand market, with bad weather largely responsible for delays, business has picked up since March. At viewings last weekend of new and second-hand homes, Sherry FitzGerald met roughly 100 buyers.
Price: Mid-terrace house €335,000; end-of-terrace €340,000
Joint Agent: Sherry FitzGerald Cork (021) 427 3041, Keane Mahony and Smith (021) 427 0311