Bettystown back on the map with Cois na Mara launch
Bernie Carroll of Carroll Estates Dublin has been building in the commuter belt for more than 15 years now.
"The main thing I always look for when I'm trying to buy a bit of land is public transport. Good schools and transport are the key," says Carroll, who after a hiatus of roughly five years launches his third development in Bettystown, Cois na Mara, this weekend.
As a developer he has seen out the good times, when a typical three-bed semi in Bettystown went for approximately €360,000, through the bust, which saw the closure of the new Bettystown Court Hotel in the centre of the town in 2011 (having opened in 2006), and prices of three-bed semis drop to €160,000. "Bettystown was growing, but all of a sudden when the market fell in 2009-2010, it really hit. Growth has been pretty much stymied there over the last five years."
Now, Carroll feels the market is finally right to launch this latest scheme, although at best, he says, it will be a matter of recouping costs. For the purchaser, these homes present an opportunity to get a well-built, good-sized family home at a price unattainable in Dublin.
True, the commuter belt throws up the issue of travel, but, in light of current Central Bank mortgage rules, it also represents the only chance many people have of being able to afford a three- or four-bedroom family home. On the plus side, many buyers are drawn there not just out of financial necessity, but by the thought of getting away from it all. When the leafier or coastal suburbs of Dublin are beyond your price range, then the right location in the commuter belt can offer a taste of pastoral living.
Cois na Mara, which in total will comprise 88 units, is located within a few minutes' walk of the beach and sits directly across from Bettystown Golf Club and Tennis Court. The development is a mixture of three- and four-bed homes. Three-bed semi-detached units from €237,000, from 109 sqm, four-bed semi-detached units, from €265,000, from 125sqm, all with a BER rating of A3.
The shops and restaurants of Bettystown are within walking distance, and there are primary and secondary schools nearby. The train station at nearby Laytown offers a park-and-ride facility, and a service that takes approximately one hour to Dublin. The city centre is also accessible via the M1, and Bettystown is the right side of the M1 toll so no charges are incurred. Matthews Coach Hire runs a service from Bettystown to Dublin that leaves every half hour in the morning.
There will be approximately 15 units in this first phase, with completion due between July and Christmas. All three-bed units include attics which have been future proofed (the trusses have been designed so it is ready for immediate conversion), and come with planning permission to convert, which is valid for five years. This would add an extra c35sqm. All units have a small office space with power points above the desk, on the landing, and beside the full-length windows. The ground floor comprises a living room, which opens through double doors to a kitchen/dining area, off which is a utility room. All master bedrooms upstairs have an en suite.
For the buyer who had their 10pc deposit saved and was ready to go pre-Central Bank Regulations, these homes represent a chance to trade-up from an apartment or move out of rented accommodation and on to the property ladder. In terms of cost, these homes are at the lower end of the market in terms of what is currently available in new homes in Meath.
Price: from €237,000 for 109 sqm to €265,000 for
Size: Three- and four-bed semis
Address: Cois na Mara, Bettystown, Co Meath
Agent: Property Team Noel Kelly (01) 846 2752
Viewing: Today, 2-4pm