Luxury family homes launching in Clontarf and Malahide
This week sees launches in Clontarf and Malahide aimed at buyers who are trading up, writes Liadan Hynes
In new homes the first-time buyer sector receives the lion's share of the attention - most developments are built with this sector in mind, most media attention focuses on the difficulties of first-time buyers attempting to buy a home. Launches aimed at second time, trade-up buyers are less plentiful. Planning laws, apart from anything else, favour higher densities, which means developments of three- and four-bed semi-detached units.
Shortage of stock, while not at the near-crisis levels the first-time buyer sector is experiencing, is still an issue for buyers looking to move up to new, larger, energy-efficient family homes. Unlike first-time buyers, the trade-up purchaser tends to be constrained in terms of where they will buy, as there are often school-going children to be considered.
This week sees the launch of two developments which are geared towards that second home market. With price ranges from €700,000 to more than €1m, these properties will most likely see interest only from second time, and possibly trade-down, purchasers. Units in both cases meet all the requirements of this sector of the market: large living spaces and bedrooms, good storage and spacious utility rooms, located in established suburbs.
Clairville Lodge in Malahide is set on two acres of parkland. In total, there are 15 four- and five-bedroom semi-detached and detached units, with prices ranging from €700,000 to €1m. Currently, nine have been constructed, all of which are detached. The semi-detached units will be completed next year.
There are three house styles in total: the Grosvenor is a four-bed semi-detached, 154sqm, from €700,000; the Charleton is a four-bed detached, 195sqm, from €900,000; and the Berkeley is a five-bedroom, detached, 232sqm, from €1,050,000.
Designed by ODA Architects, the show houses have been created by Elk House Interiors. Double fronted and traditional in appearance, they have the rare addition (these days) of a chimney, yet are still A-rated.
"It's a very unusual development in the current market in that they are mostly large, detached houses," says David Browne of Savills. "They're very special. We expect that they will attract the interest of local trade-up buyers predominantly, and a few trade-down buyers living locally in large properties, who still want a big house, but are looking for a more manageable, energy efficient home."
Located off Streamstown Lane, the site is approximately five minutes from Malahide Village. An older planning permission existed here which allowed for this lower density development.
Clairville Lodge, off Streamstown Lane, Malahide, Co Dublin
Viewing: Today, 11am-1pm
Agent: Savills (01) 618 1300
Norabrook in Clontarf had a soft launch in July, and nine of the 18 units have since been sold, all to local buyers who previously lived within a three square mile radius.
This weekend sees the official launch, with a further six units coming to market. The developer in this case, Hugh McGreevy & Sons, is Clontarf based. Norabrook is located on an infill site, a former private garden of 119 Howth Road. The development is adjacent to St Lawrence Road, Killester Village and Killester Dart station, which is less than five minutes' walk away.
In total, the 1.7 acre site includes 18 large four- and five-bed detached, semi-detached and terraced units. Spacious living quarters are a priority for the trade-up buyer, and the proportions here have been influenced by the surrounding period homes, with large hallways, ground floor ceilings of 2.7m, large reception rooms and double bedrooms in all cases.
Of the 18 units, seven face directly onto the Howth Road, with back gardens that enjoy a south-easterly orientation - favourable orientation is always a priority for a trade-up buyer. The remainder are located off the road; the development is situated on a cul-de-sac.
Some units have a second reception room upstairs, on the first floor in some houses, on the second in others - a possible space for an au pair, or another family bedroom.
There are four house styles: four-bed, detached house, type C, 244sqm, from €1250,000; the five-bed, semi-detached house, type A, 236sqm, from €1,100,000; the five-bed detached house, type A, 239sqm, from €1,250,000; and the four-bed townhouse with study, type B, 204sqm, from €950,000. All units are set over three floors, with a separate reception room at the front, and open-plan living/dining room at the rear, overlooking gardens that are, in the main, slightly larger than is typical in new homes developments. Kitchens are modern in design, with grey marble-effect Silestone countertops, and Siemens integrated appliances.
Norabrook, Howth Road, Clontarf, Dublin 3
Viewing: By appointment only
Agent: Sherry FitzGerald New Homes (01) 667 1888