Tuesday 17 October 2017

Scheme for buyers looking at long stay

Hollywoodrath, Hollystown, Dublin 15

Hollywoodrath
Hollywoodrath

The term "starter home" fell out of fashion after the demise of the Celtic Tiger, as negative equity meant first-time buyers were trapped with their first property long after they had outgrown it.

Now that first-time buyers are older and more likely to have children than their boom-era predecessors, they want a life-long house rather than a first step on the property ladder with an eye on trading up in a few years.

At least that's what developer Regency is counting on with the Hollywoodrath scheme in Hollystown, where a fourth phase is being released to market this weekend.

The latest tranche at the low-density development is bound to prove more attractive than previous phases as the scheme has a more settled feel now that 122 houses have been sold there and because a five-acre on-site park is almost finished.

The fourth phase, which is being marketed by a new showhouse complex, consists of 26 three and four-bed semi-detached and detached properties, all with a variety of layouts. Some have attic trusses to facilitate a future attic conversion and all have plenty of storage. The cheapest style is a three-bed semi-detached dwelling with 1,302 sq ft of space and a price tag of €327,500, while a four-bed version with 1,534 sq ft of accommodation is priced from €375,500.

A three-bed detached design measuring 1,386 sq ft is priced from €355,000, and a 1,749-sq ft four-bed detached home costs from €430,000.

Designed by McCrossan O'Rourke Manning Architects, the red-brick homes have front driveways with space for two cars and patios to the rear gardens. There are 9ft-high ceilings inside, as well as a kitchen from BeSpace that will come with integrated appliances if contracts are exchanged within 21 days.

The A3-rated homes are located halfway between Dublin Airport and the city, about 4km north of Blanchardstown. The M2 and M3 are within a few minutes' drive. The showhomes will be on view tomorrow and Sunday, between 12 pm and 2pm.

Enquiries to: Knight Frank (01) 6342466 or McPeake Auctioneers (01) 8272300

Indo Property

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