Friday 24 November 2017

House fetches €1.8m in record price for 2013

No 1 Leeson Park
No 1 Leeson Park

Donal Buckley

A property sold for €1.8m or €300,000 over its guide price – the highest for a Dublin house at auction so far this year.

No 1 Leeson Park, near Ranelagh, is in walk-in condition as it has been substantially upgraded from the days when it was a college for training ships' radio engineers.

In 2005, at the height of the boom, it was converted from eight flats into a stylish family home.

The purchaser was undaunted at the prospect of paying property tax of €1,900 this year or €3,800 in a full year along with stamp duty of €26,000.

But then again, they could have paid about €250,000 in stamp duty on a similar house during the boom.

Similar houses in Leeson Park could have sold for around €3.5m at one point – so the stamp duty would have been significantly more.

Now its new owner will enjoy a 370sq m (3,980sq ft) home, which retains traditional period features while also being equipped with luxury features such as underfloor heating and three en suites among five bedrooms.

Tree-lined Leeson Park is well known for its mixture of upmarket period homes, embassies, offices and some apartments as well as being close to Fitzwilliam Tennis Club.

What's on show this weekend: Property Supplement

Irish Independent

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