Spoilt for choice at Maryborough Ridge
Maryborough Ridge, Douglas, Co Cork
Savills expects the new phase launched on Wednesday at Maryborough Ridge to sell out quickly, thanks to both the development's location near the top of the sought-after Maryborough Hill and to the dearth of affordable new builds in and around Cork City.
When the selling agent held a viewing on Monday for Ashmount Mews in Tivoli, on a hill overlooking the River Lee, would-be buyers had been queuing since 7am and all six townhouses were sold within 30 minutes.
Maryborough Ridge is perched above the middle-class village of Douglas, which is 1.8km away, and is near an access point to the ring road network.
The scheme was originally built by O'Brien and O'Flynn, a house-building firm headed by Denis and Dan O'Flynn.
A receiver was appointed by Nama, which is funding the completion of the development, and two new phases were completed last year.
The third phase is made up of nine houses and apartments in a variety of styles.
The largest type is a four-bed semi-detached property at Manor Avenue that has 2,050 sq ft of accommodation extending over three floors. This style, which costs from €430,000, has two ensuite bedrooms, including a master bedroom with a walk-in wardrobe and dressing room.
The living room has a fireplace plumbed for gas and out front, there are enclosed gardens with a cobble-lock driveway.
There are three types of unit available at The Oaks, namely a three-bed end-of-terrace townhouse, a three-bed duplex, and a two-bed ground floor apartment.
The Close, meanwhile, is a two-bed, 900 sq ft townhouse designed to be a starter home, while An Radharc has three-storey, three-bed townhouses priced from €305,000 and two-bed apartments.
The two-bed apartments interspersed throughout Maryborough Ridge are priced from €185,000, so will likely appeal to investors seeking a high yield - two-bed apartments in the area are commanding between €1,200 and €1,300 a month, the selling agent said.
Enquiries to: Savills (021) 4271371.