independent

Wednesday 17 September 2014

€113,000 the county average

Published 28/01/2014 | 05:42

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THE AVERAGE price of a house in Co Wexford sold over the past three months was just €113,000, according to the official Property Price Register. The register contains actual sales prices of more than 200 house sales across Wexford during the quarter.

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According to the data, there are plenty of bargains to be had, especially for anyone who wishes to buy or rent in New Ross district, where the average is well below six figures at a little under €78,000.

This compares with €94,000 in Enniscorthy, with Gorey and Wexford up market at €125,000 and €129,000 respectively.

The sales on the register for the period under review included 84A Charleton Hill in New Ross, which barely made it into the five-figure bracket with a price tag of €10,000, the sort of money that would not have been enough for a window box in 2006. It is reasonable to speculate that two-bedroomed 84A may be in need of some repair as number 10 in the same estate changed hands last month for €40,000 and another Charleton Hill neighbour has been seeking €120,000 for a smart mid-terrace offering.

Houses in New Ross's old streets such as Abbey Hall were sold for €12,000, while €20,000 was the benchmark in Cross Street. As a rule, out-of-town properties are the ones more like to breach the €100,000 level, with a Duncannon house called 'Dun ar Ruin' patently anything but a Ruin as it made a nice Christmas present for someone at €275,000, a modern bungalow with its own bombproof Martello tower, no less.

The statistics suggest that the more active the property scene, the more money seems to be floating about. While New Ross district had 31 sales, Enniscorthy boasted 40, with a mean price greater by more than €16,000. As on Barrowside, the scene in the cathedral town included some bargain basement transactions, though not on the same scale and not at quite the same low mark.

The new owner of 26 Ross Road, for instance, needed to find €17,000 and now faces having to carry out an extensive refurbishment according to the auctioneers. The same amount, €17,000, was required to part the previous owner from an apartment in the Abbey Centre but otherwise the price of old town houses stood up more robustly than in New Ross – Island Road €37,000; Moran Park €55,000 and St Mary's Villas €60,000 and so on and up.

For low prices in the past few months, the place to go was not Enniscorthy but a few miles out of town to Monageer, where three houses out of nine in the Oak Glen estate were let go at €30,000 each. Five years ago the developer had hopes of bringing in a quarter million euro per unit, but now they are worth a small fraction of that amount. Compare that with the modern four-bedroomed €190,000 worth of The Pagoda in Clonegal village. The name may suggest Oriental splendours but the reality is fairly typically Irish, the value enhanced by mature gardens and two en-suites, no less.

With its plethora of holiday homes, Gorey is always likely to have a busy real estate scene and 72 transactions were clocked up during the November to January period – nine more than in the Wexford district. A house at Pearse Street in Gorey town propped up the district table by a margin at a mere €19,800 as more than half of sales were for six-figure sums.

Suburban Gorey has its charms, as shown by the €127,500 commanded by 97 Hazelwood, considerably more than the €80,000 obtained for an apartment in the Courtown's Ocean Point complex. The most arresting price was the €528,000 for Woodview House near Ballycarney. The sale of the old country house with its 1798 associations was widely publicised beyond the county bounds.

In Wexford, another house to make the quarter million mark was at Ballycronigan in Kilrane near Rosslare Harbour, a far cry from the €19,000 at the other end of the scale for one house in Taghmon while a house in Skeffington Street made €60,000 and €78,000 William Street.

Rosslare – strand and harbour – remains in demand, as evidenced by the €150,000 which was the norm at Clearwater Cove in the strand and the €146,500 at La Rochelle in the harbour.

– DAVID MEDCALF

Wexford People

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