Wednesday 26 June 2019

Housing sites in Navan and Bray priced at €4m and €5.25m

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Donal Buckley

Donal Buckley

Two residential development sites in Navan, Co Meath, and Bray, Co Wicklow, have come to the market through Lisney. The 15.79-acre Navan site is located on the Trim Road and has a €5.25m guide price, representing around €330,000 per acre.

Zoned residential, a feasibility study by NDBA Architects indicates that the site has potential for 257 stands. These could comprise 197 houses and 60 apartments at a density of 40.22 per hectare. That equates to an average of almost €20,430 per dwelling site.

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Located opposite Balreask Manor housing estate, the site has about 350m of frontage on the eastern side of the Trim Road. It is about 2km south of Navan Town centre and 50 km to the north west of Dublin city.

The Trim Road is a busy arterial route for traffic to and from Navan town centre and there is a wide mix of uses in the area. There is also a phase one objective road proposal passing along the eastern side of the site connecting the Trim Road with the Dublin/Navan M3 Motorway.

Meanwhile, the same agents are guiding €4m for a high-profile site in Bray, Co Wicklow, which extends to 1.4 acres.

Located on the Upper Dargle Road just off the N11 at Junction 6, the site currently accommodates two small semi-detached houses and a detached house.

The one- and two-bedroom semis are currently generating rent.

Ross Shorten of Lisney reckons that this site has potential for more than 70 apartments, subject to planning permission.

This suggests the guide price could equate to about €57,142 per unit site. Its location is about 2km from Bray Dart station and 4km south of the M50 motorway.

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