How a hobby turned serious for property developer Liz
LIZ Whelan became a serial "hobby" developer after the maturing of her family. Eager to utilise a degree in architecture picked up in her younger years, she began by offering consulting services on an informal basis to friends who were doing up houses.
Today she has completed her fourth one-off project in Dublin.
"It started with a small development when I acquired two adjoining garden spaces in Drumcondra and completed a newbuild family home at Grace Park Avenue. I was lucky to link up with a very good builder who is a stickler for quality and detail so it didn't prove too difficult."
Next she shifted her attention to the North Strand district in Dublin where she acquired a rundown terrace and did it up before sale. "The underbidders were a young couple who eventually bought another house on the same road. They saw mine and asked if I could do up their house too. So that was another project."
Last year she spotted another opportunity at nearby Northbrook Terrace in Dublin 3. "Number 9 was in very poor condition – the estate agent showing the house wouldn't let more than two people upstairs at a time because the floor was rotten and they were afraid someone would fall through. It later emerged that some of the internal walls were also in danger of collapsing."
So Liz got her builder on the job and the house was stripped out in its entirety, the floors and ceilings and internal walls all removed. The house was insulated to the highest standards and then completely reconstructed inside. The entire job cost €100,000 in total.
Now it's back on the market as a swish two-bed ultra modern Edwardian of 976 sq ft. With a high B3 energy rating, the property is now on offer for €295,000. The house is kitted out with special low energy lighting throughout, it has been completely replumbed and rewired. There's porcelain tiling throughout the ground floor while upstairs is carpeted. Double-glazed sash windows have also been installed.
There's attic access for additional storage and the main accommodation includes an entrance hall, a kitchen, a sitting room, a glazed corridor, two double bedrooms upstairs, a bathroom and an enclosed courtyard. Further information from agents Gallagher Quigley (01-8183000).
Meantime Liz won't rule out casting an eye out for yet another terrace project in Dublin 3.