Wednesday 17 October 2018

Fix it up: A wrecked terrace in Dublin 8

 

The property at South Circular Road
The property at South Circular Road
The property has been unoccupied
Mark Keenan

Mark Keenan

What is it? On the same street as a contestant for the '2017 Home of the Year' off the South Circular Road in Dublin 8 you'll find 4 Rehoboth Place, a terrace wreck which requires completed demolition and reconstruction inside.

Tell me more about the place...  

Unoccupied for many years this was a three-bedroom home with two reception rooms of 1,012 sq ft. Now boarded up. 

The good news? 

No 4 is located on one of Dublin's trendiest locations. The Home of the Year competitor, also a Victorian red brick in good condition, has been on the market for €545k. An architect's plan has been prepared for a two-storey extension which will greatly increase its size at the back. 

And the bad news?  

While the roof is largely intact on the main house, it is gone on the single storey portion to the rear. The likely requirement is for a demolition preserving the facade with a complete rebuild to the available architect's plans. 

How much to buy it?  

The property has an offer of €305,000 on it and is close to going 'sale agreed' according to the estate agent. 

And to fix it up?  

An additional spend of €200,000 is likely.  What will I end up with?   For an outlay of just over €500k, an ultra modern home to give the Home of the Year contender a run for its money. 

Who do I talk to?  

Alistair Hickey of Felicity Fox (01 6334431) will provide the hard hats.

Indo Property

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