Get yourself five floors of Donnybrook fare for €1.4m
We visit a home with five floors, five bedrooms and five bathrooms in Dublin 4
THE Celtic Tiger was rampant when Edward Square launched in November 2004 - prospective buyers were entertained in the plush surroundings of the Merrion Hotel as they perused the model for Gerry Barrett's lavish development.
The former maths teacher turned property developer, who at one time owned Ashford Castle and currently owns the G Hotel in Galway, had ambitious plans for a €150m scheme on the site of the former Quaker Hospital at Bloomfield Avenue off Morehampton Road in Donnybrook, Dublin 4.
The cheapest two-bed units were flagged at €875,000 and the largest of the four-storey over-basement stucco-fronted Regency-style terraced houses were tagged at a cool €4m.
At its peak, Barrett's loan portfolio totalled €778m and he became one of NAMA's largest clients. His debt portfolio has since been sold and its purchasers are behind a new planning application to complete Phase 3 of the development, turning the original hospital into apartments.
This was the first city square to be built in Dublin in 100 years and is a prestigious address in an excellent location.
Almost a decade after it was built, it remains the go-to address for ex-pat senior executives posted to Dublin and for high-end Irish short-term renters between properties.
Approximately 50pc of the houses on the square are owner-occupied, with the other half rented out. Ironically, Australian banker Mark Layther, who was head of Irish recoveries at IBRC, lived on Edward Square during his time in Ireland.
Number 18 is owned by an investor and while it is currently tenanted, the property has just been placed on the market and will be sold with vacant possession. Our pictures show it prior to the current tenancy.
The house is located at the end of Edward Square's south-west facing terrace and overlooks the landscaped square which, says one resident, is an ideal location for the residents' annual summer barbecue, a convivial event by all accounts.
Residents drive into Edward Square via electronic gates on Bloomfield Avenue and on down into the basement car park. Number 18 comes with two spaces and a handy storage room ideal for golf clubs, suitcases and the like.
The basement level accommodates a spacious kitchen and dining room kitted out with integrated appliances, including a Miele hob and coffee machine. This is a sleek space with a light marble floor, counter-tops and fitted units. Doors lead out to the 14m patio garden to the rear via a flight of steps.
There is a separate utility room and playroom at basement level. At ground floor level, which is where visitors would arrive via the front door, the entrance hall is floored in walnut and there are front to back reception rooms, each with a marble fireplace.
On the first floor, the master bedroom spans the width of the house, with three picture windows overlooking the square. The ensuite bathroom has a separate bath, shower, and his and hers Lefroy Brooks hand basins.
To the rear is another double bedroom and a separate shower room. The second floor has two further bedrooms, one the same size as the master bedroom and also ensuite, plus a separate shower room.
The fifth bedroom is located on the third floor and has access to a terrace overlooking the square. There is a further bathroom on this level and basic kitchen facilities, making it suitable for use as au pair accommodation or a home office.
Some houses on Edward Square have lifts, but No 18 does not, so the third floor will only work as a granny flat if granny is fit! Also, be prepared for a €2,500 annual service charge.
At the end of Bloomfield Avenue is the Royal Hospital, still very much in operation, caring for patients with a wide range of illnesses, and opposite Edward Square is the Avila Carmelite Retreat Centre.
Top food shops nearby include Donnybrook Fair, Terroirs and The Butler's Pantry, so you'll never be short of the top ingredients for a square meal.
18 Edward Square Donnybrook, Dublin 4
Asking price: €1.4m
Agent: Owen Reilly (01) 6777100