Tuesday 25 September 2018

Bid farewell to high rents with three-bed

Liscorrie, Drogheda, Co Louth


Drogheda was last month added to the Government's list of rent pressure zones - aimed at limiting rent hikes to 4pc - after experiencing what Minister for Housing Eoghan Murphy described as "exceptional rent increases" in four of the six previous quarters.

With the average monthly rent across the expanding Co Louth town standing at €1,036, it's no surprise that plenty of residents who have saved for a deposit and have secured mortgage approval are keen to purchase a property rather than spend their money on rent. Indeed, a three-bed semi-detached house at Liscorrie, on Drogheda's northside, that costs €240,000 would see monthly mortgage payments at about €970 over 30 years.

The first 26 homes of the 150-unit development was released in May, and seven from this tranche are still for sale. Five of these are three-bed semis and the remaining two are 1,400 sq ft four-bed semis with price tags of €265,000 apiece. Further phases will be released at Liscorrie next year.

The façades of the block-built homes are a mix of Rosewood brick and painted render blockwork, and are complemented by concrete roof tiles, uPVC double-glazed windows and patio doors, and a cobble-lock driveway.

Inside, a Dimplex Optiflame electric fire acts as the focal point in the living room, while the kitchen units in the open-plan kitchen/diner have cabinetry in a matt finish. The contemporary-style wardrobes in the bedrooms, one of which is a master ensuite, are all floor-to-ceiling in height.

Liscorrie is close to the Lourdes Hospital and is a two-minute drive to the M1 motorway, while Drogheda's train and bus stations are close by.

The development's showhouses are open every Saturday and Sunday, between 2pm and 4pm, and are also on view daily by appointment.

Enquiries to: Sullivan Property Consultants (041) 983 6453

Indo Property

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