Tuesday 17 September 2019

Wicklow North: Four-bed semis in town up 50pc

Average price: €450,000
Areas: Bray, Greystones, Enniskerry, Delgany, Kilcoole, Kilmacanogue, Blessington, Newtownmountkennedy
Up: + 50%
One Year Forecast: + 7%
Assessing Agent: Sherry FitzGerald Lennox

The price of the highly sought after 4-bed semi in town has risen by 50pc from €300,000 to €450,000 in the last year.

Transport links are increasingly important to buyers, reports Gordon Lennox of Sherry FitzGerald Lennox with property along the Dart line from Bray to Greystones always in demand.

6 Eagle Valley, Enniskerry, Wicklow, sold in June 2014 for €1.2m.
6 Eagle Valley, Enniskerry, Wicklow, sold in June 2014 for €1.2m.

This year, for the first time, Lennox is also hearing buyers say that proximity to the Aircoach service is a factor in choosing a property.

"They want to be able to trundle out of their gate with their Ryanair cabin baggage and hop straight on the bus," says Lennox.

Wicklow North
House Types201420152016
3-bed semi in town, €225,000 €320,000 €342,500
3-bed semi outside town, €200,000 €300,000 €321,000
4-bed semi in town, €300,000 €450,000 €481,500
4-bed detached estate, €420,000 €500,000 €535,000
4-bed detached outside town, €323,000 €485,000 €519,000
5-bed detached estate, €400,000 €600,000 €642,000
5-bed detached outside town, €387,000 €580,000 €620,500
3-bed bungalow in town, €300,000 €450,000 €481,500
3-bed bungalow outside town on acre , €435,000 €480,000 €513,500
4-bed bungalow in town, €550,000 €600,000 €642,000
4-bed bungalow outside town, €475,000 €650,000 €695,500
Detached 2,000+ sq ft, €470,000 €700,000 €749,000
1-bed apartment, €110,000 €140,000 €150,000
2-bed apartment, €200,000 €220,000 €235,500
2 up/2 down townhouse, €230,000 €270,000 €289,000
3-bed terrace, €250,000 €280,000 €300,000
1-bed cottage, €110,000 €140,000 €150,000
2-bed cottage, €220,000 €280,000 €300,000
Ex-corporation 2 bed, €180,000 €230,000 €246,000
Ex-corporation 3 bed, €225,000 €260,000 €278,000

The 184 express bus is also popular with commuters looking to get into Dublin city centre in a hurry, and everyone wants to be able to access the N11 and M50 with ease.

"Buyers in the Bray/Enniskerry area are looking at the time it would take them to get to the Luas at Cherrywood," says Lennox, who says that he saw the availability of more mortgage finance during 2014, but that there is still lots of cash around in the generally upmarket North Wicklow sector.

GREYSTONES: Bungalows in Greystones are attracting a premium, the closer to the Dart the better.
GREYSTONES: Bungalows in Greystones are attracting a premium, the closer to the Dart the better.

"Many of those who sold at the peak of the market and have been renting, have been getting back in to purchase," he says.

"And we have a lot of ex-pats who are buying in preparation for sending little Mark and Mary to school in Ireland.

"In 2014, we had buyers from Singapore, Silicon Valley and London.

"They are all looking for substantial family homes in the €700,000 to €1.5m bracket. Often they buy a year or two ahead of needing the house, and try to dovetail the move with a career opportunity in the IFSC or Google or wherever."

Lennox says that housing stock is still being sold below its reinstatement cost, and that only 1.9pc is for sale at the moment, whereas 2pc-3pc is the norm for a healthily functioning market. However he predicts a in increase in stock for sale this year.

"I think anyone would be brave to anticipate more than a 10pc increase over the course of 2015. I see the first two quarters of the year being relatively flat, and there being a consolidation of the market.

Then there should be a gentle curve upwards in the latter part of the year, and more volume of sales at the upper end of the market."

Independent.ie Guide to House Prices in Ireland

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