Saturday 21 April 2018

The new home view: New beginnings from Priory redevelopment

One and two-bedroom apartments firmly in first-time buyer territory

One of the living rooms in the New Priory apartment block
One of the living rooms in the New Priory apartment block
Kitchen in New Priory

The 'new' in New Priory is to firmly distinguish it from what went before. Priory Hall was a black mark in Dublin's building boom, with rogue developer Tom McFeely's career from IRA hunger striker to millionaire to bankrupt builder circling around the disgraced building on the Malahide Road.

That's all changed; changed utterly. New Priory, taken over by Dublin City Council, and stripped back to its concrete struts has been completely razed and redeveloped to provide one and two bedroom apartments aimed, and priced, firmly in first time buyer territory. In fact, these 187 units should do exactly what it says on the tin of Michael Noonan's grand 'Help -to-Buy' plan, but clarification is still awaited on whether they will qualify for the subsidy. This is because the budgetary measure is linked to 'newly built' homes, and these may not be quite that.

It would be a great shame if they fell short of the definition, given the starting point for the redevelopment - literally - a concrete shell.

These are not 'refurbs' by any normal definition.

Kitchen in New Priory
Kitchen in New Priory

Either way however, the price point is attractive, with the one beds starting from just €145,000, requiring a mortgage deposit of just €14,500 - a sensible stretch for any first timer and unheard of in Dublin.

Launching this weekend there are three one bed apartments (530 sq ft) with a clever layout, which make them look larger. The new rules have been adhered to regarding dual aspect windows, which are floor to ceiling.

Thirty two-bedroom versions (680-745 sq ft) are priced from €165,000, again well within new buyers' ranges, while the 10 two bed duplexes (840-1,010 sq ft) are at the top of the blocks and priced from €195,000, leaving these also within the Central Bank's guidelines.

In these, you walk in to the sitting room, which is windowed on two sides, with a staircase up to the kitchen/dining area and bedrooms.

From here there is another 'front door' entrance. All have full bathrooms and kitchens with appliances pre-fitted.

The views are cityscape all the way, with Clare Hall, Clongriffin (with its DART station), Belmayne and Malahide all in the vicinity.

However, to the side is Fr Collins Park, a 26 hectare park with skateboard runs, walking paths, fitness trail and playgrounds, providing a big splash of much needed green. Viewings start today 12pm-2pm, tomorrow and Sunday 2.30pm-4pm.

New Priory, Malahide Road, Dublin 13  Asking price: €145,000-€195,000 Agent: HOOKE & MACDONALD (01) 6318 402

Indo Property

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