Post-crash development sees the latest launch of family homes in Stepaside
Belmont in Stepaside, at the foot of the Dublin Mountains, was one of the first developments to launch in 2013 after the crash.
It was built by the then newly established SDR Group. Director Richard MacDonagh says now that it felt like the right time, even though it seemed as if no one else was building. The move paid off; demand from first-time buyers, as well as those trading-up or down-sizing, has been constant from the outset.
"We felt that the timings were right," he recalls of the launch. "I suppose the discussions were around the fact that nobody else was actually doing it at the time." As is still the case, they surmised that in the face of a shortage of new homes, buyer demand would be strong.
"Of course, there was going to be a latent demand for houses. We felt that as long as we could get some good-quality stock up, eventually we would be able to get them away.
"We didn't have an understanding of exactly what way it would go or at what pace, but it went very well back in 2013 and we've been comfortably moving through for the last three and-a-bit years. The demand was there from the beginning."
The site is set out over a number of cul-de-sacs. This weekend sees the launch of 25 new units to the market, three- and four-bedroom family homes, with completions due from now through to autumn.
The three-bed units are from €400,000 and range from 100-116 sqm, while the four-beds are from €470,000 and range from 133-150 sqm.
More than 130 homes have already been sold within the development, with the last phase, launched last summer, selling entirely off plan. To date, 105 houses have been completed. When finished, there will be 355 homes in total.
This launch sees an upgrade in some of the internal specifications, including the sanitary wear and bathroom hardware.All kitchen appliances are included as standard, as is ground level under-floor heating in all homes.
Richard MacDonagh says they have determined to keep to traditional, block-built homes. Although these are a slower build, the company feels they are a more reliable one. They feature air-to-water heat pumps and the homes in this launch include a new mechanical heat-recovery system, which gives these units, in keeping with the rest of the development, a BER of A3.
The three-bed townhouses, detached, semi-detached and terraced houses are laid out over two floors and some types include an interior parking space. The four-bedroom detached and semi-detached are over three floors. All include insert fireplaces.
The current phase is very much aimed at buyers looking for family homes. Work on a six-acre park within the site will begin this summer; it will include fitness and family play areas.
The Luas is a 10-minute walk away and the M50 exit a short drive. Belmont is adjacent to Belarmine Plaza shopping centre and Stepaside village is close by, as is Dundrum Town Centre.
SDR also has an upcoming residential site of apartments and houses in Rathmines, which is in the planning stages; a smaller development of high-end units to launch next year; and a site in north county Dublin, which will include three- and four-bedroom homes.
Price: Three-bed houses from €400,000;
four-bed houses from €470,000
Viewing: Today, 2-4pm
Agent: Sherry FitzGerald (01) 667 1888