Saturday 16 December 2017

€850,000 is paid for the Cawley home in Howth

Donal Buckley

The Howth house where Eamon Lillis killed his wife Celine Cawley sold for €850,000 according to one of the latest filings with the property price register.

Previous reports suggested that the four- bedroom detached house, known as Rowan Hill on Windgate Road, might have been worth €1.5m at one stage and more recently €800,000.

While not enjoying seaviews, it is set on an acre site in one of the most sought after areas of Howth.

Earlier this year the High Court ruled that Mr Lillis was entitled to his half-interest in assets jointly owned by himself and his late wife, despite his conviction for her manslaughter.

The ruling meant Lillis retained co-ownership of the family home with his daughter Georgia.

The sale was the highest price shown on the register for the homes that have sold since the beginning of October.

The next highest price so far this month was for 58 Albert Road, Glenageary, Co Dublin, which sold for €522,000.

Only a few months earlier, a nearby house at 52 Albert Road, Glenageary, sold for €480,000 while in February 2011, 15 Upper Albert Road, Glenageary, sold for €780,000.

The next highest price was €435,000 which was paid for 8 Booterstown Avenue, Co Dublin.

In August a neighbouring house, 127 Booterstown Avenue sold for €855,000 whereas in August 2010 a house at 129 Booterstown Avenue, sold for €720,000.

Last week the register showed a house at 28 Seamount Abbey, Malahide, Co Dublin sold for €400,000.

In April this year neighbouring 30 Seamount Abbey, Malahide, sold for €708,805.

Meanwhile a recent Daft analysis of the house price register shows that prices for houses and apartments in south county Dublin are fetching almost double those in west Dublin.

For instance a two-bedroom apartment in West Dublin sold for an average of €111,860 in the three months to the end of September this year.

That was almost half the €214,701 average price for similar types of flats in south county Dublin.

Large five-bedroom houses in Dublin's north city are achieving an average of €578,967 which is higher than the €502,826 for a similar type of house in north county Dublin.

Average three bedroom family homes range in price from €167,879 in west Dublin, to €248,948 in Dublin south city and €304,370 in south county.

These prices are based on an estimate calculated by comparing the gap between average asking and selling prices.

The study was conducted by Daft in the past week following the long-awaited publication of the price register which unfortunately gives no details of the type of property, the number of bedrooms or bathrooms.

While a median study of the price register suggested a 3pc rise in house prices in the last three months, found that a like-for-like comparison of house sales did not bear this out.

Using its own database, matched 13,000 properties advertised for sale on its website with the properties on the register, to produce a like-for-like comparison of house sales.

The findings suggested that property prices have fallen by 29pc in Dublin since the starting point for the register in 2010 and by 35pc in other cities.

The rate of decline in Dublin house prices has slowed to an average of 1.5 pc in 2012, according to the report and prices are "largely stable".

In other cities prices fell by 15pc in the first three months of 2012, but rose by 4pc over the subsequent three months.

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