Tuesday 17 September 2019

New homes: Apartment launch in the commuter belt

Smaller units, but with smaller prices, attract buyers to Naas, writes Liadan Hynes

Apartment and duplex units at Elsmore, Naas
Apartment and duplex units at Elsmore, Naas
Apartment and duplex units at Elsmore, Naas
Grace Park Wood, situated off Griffith Avenue, Dublin
Grace Park Wood, situated off Griffith Avenue, Dublin
An inteorior on The Back Road, opposite Malahide Castle

Liadan Hynes

In the new homes market, buyers typically look to the commuter belt for reasons of space and size. If they are not from the area, buyers moving to the counties surrounding Dublin offset a significantly longer commute with the prospect of a larger living space, both interior and exterior. However, as a result, the apartment market in these commuter towns has been far slower to develop than those closer to the city centre where space is at a premium.

There are signs that that market is now picking up - as evidenced by a launch from Cairn Homes this weekend of apartments and duplexes - and it seems to underline the ongoing difficulty for buyers in getting onto the property ladder.

It also reflects the fact that smaller units in the commuter belt are now considered a worthwhile investment on the part of developers. Selling prices have risen to the point where it is now financially profitable to build apartments outside Dublin. In previous years prices would have been just too low to make their construction financially feasible.

Still, the apartment market in the commuter belt is nascent, with, until now, a scarcity of new schemes coming to the market.

Industry sources suggest that Build-to-Rent investors are also now showing interest in larger-scale apartment developments outside Dublin, in areas with either strong transport links to the city, or strong employment within the area. This further underlines the increase in demand in this section of the new homes market.

Locally-based agent Will Coonan of Coonan Property - who are joint agents with Hooke & MacDonald on this weekend's release of the first apartment and duplex units at Elsmore, Naas - says that they are expecting interest from first-time buyers.

The starting price is €249,000. Given the development's location, on the edge of the town centre, interest from buyers in the process of downsizing is also expected, particularly for the two-bedroom ground-floor units.

Elsmore in Naas, Co Kildare, by Cairn Homes, originally launched in 2018, but this weekend the first two-bedroom apartments and three-bedroom duplex homes come to the market. Two- bedroom apartments, sized from approximately 81.4sqm-94.2 sqm, are priced from €249,000. Three-bed duplex units, sized from approximately 123.1sqm-126.99sqm, are priced from €€285,000.

Until now the scheme has seen only the launch of the more traditional three- and four-bedroom homes. This first block released this weekend contains six of each unit type. In total there will be two blocks of 12 within Elsmore.

The development is located on the outskirts of Naas, with easy accessibility to primary and secondary schools, sports and leisure facilities, shops and restaurants. Set around a park, which includes a stream, all streets branch out from this central green area.

All units have brick and render facades, with double-glazed windows throughout, and an A3 BER energy rating. High-quality tiling in floors and wet areas is included in all bathrooms and en suites, as are heated towel rails, and high-quality sanitary ware.

Fitted wardrobes are included in all double bedrooms. Contemporary kitchens with soft close doors and drawers include fully integrated dishwashers, cookers, and fridge freezer appliances. Some units have separate utility rooms with below countertop space provided for washing machine and dishwasher.

Viewing: Units are selling off plans, today, 2.30-4pm

JOINT AGENTS: Hooke & MacDonald (01) 631 8402 /Coonan Property (01) 628 6128


Final phase launches in North Dublin development

Liadan Hynes

Grace Park Wood, situated off Griffith Avenue, one of North Dublin's most beautiful roads, could validly lay claim to the title of most beautifully situated new homes developments in recent years. Directly adjacent to the picturesque grounds of Drumcondra Castle, the development by Castlethorn, which was designed by O'Mahony Pike includes three-, four- and five-bedroom homes.

This weekend sees the launch of the third and final phase, with a number of three- and four-bedroom units coming to the market. There are three three-bedroom house styles, priced from €500,000.

Mid- and end-of-terrace units, some with a garage, others with a family room extension, are sized from approximately 103sqm. Four-bedroom units are priced from €590,000 in this launch, with again three different house styles, sized from approximately 122sqm.

Two of the three-bedroom house styles are priced from €500,000, making them applicable for the help-to-buy scheme. Other units in a higher price bracket are expected to appeal to buyers trading up, and the many buyers in the area in larger, traditional homes, who might be interested in trading down to a smaller, more energy efficient unit.

The development is set off Grace Park Road, with houses situated behind a large landscaped park - 2.7 acres within the development - which includes traditional black fencing and mature trees.

All units include an exterior brick finish. Fully fitted kitchens come with integrated appliances including fridge freezer, electric ovens, induction hob, dishwasher, and extractor fan. Utility rooms are fitted with separate washing machine and dryer.

Viewing: Today, 11am-1pm

Agent: Savills (01) 618 1795


Majestic Malahide house styles

Liadan Hynes

This weekend sees the launch of two new house styles in the Malahide development Ashwood Hall, by Carroll Estates Dublin Ltd. Situated on The Back Road, opposite Malahide Castle, these two new unit types, The Shrewsbury and the Normandy, are five-bedroom detached houses, all with four bathrooms. The Normandy is priced from €1,050,000, and the Shrewsbury is priced from €1,250,000.

Exteriors feature a mixture of brickwork and render, with solid natural granite window surrounds. Interiors include contemporary limestone fireplaces with black granite back panels and hearth fitted with a wood-burning stove, bespoke under-stairs storage and seating as standard. Attics in the Shrewsbury units are future proofed for conversion.

Kitchens are contemporary Leicht by McNally handleless units, with a choice of colours available. Silestone quartz countertops by Miller Bros are fitted in all kitchens, as are Blanco undermount sinks with filtered tap. Siemens integrated larder fridge and freezer, electric oven and microwave, induction hob, and integrated dishwasher are fitted as standard, and Bosch washing machine and dryer are provided in the utility rooms.

Viewing: Today 2-4pm

Agent: Noel Kelly Auctioneers (01) 846 2752

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