Wednesday 25 April 2018

State of the art lifestyle in Skerries for €1.25m

Milverton, Skerries €1.25m

This large home comes with a garage converted into an art and music studio
This large home comes with a garage converted into an art and music studio
The walnut-floored sitting room has double doors opening to the patio

Just outside Skerries, in the townland of Milverton, is a large detached house with a garage in the garden that's been converted to an artist's studio on the ground floor and a music studio above.

This should mean that two occupants of the house can indulge their interests at the same time. However, it's very likely the two might prove incompatible: there can't be many artists who can comfortably paint while someone is banging out 'Smoke on the Water' upstairs.

The main house has plenty of room for refuge, though; it's 4,198 sq ft, with five bedrooms and several open-plan reception rooms, plus a couple of more secluded nooks.

The main reception room is a walnut-floored sitting room with a marble fireplace and double doors to the patio. Adjoining this room is an open-plan kitchen, dining room and sunroom with more double doors to the garden. There's also a study and a TV room on the ground floor, and a utility room and guest toilet.

There are two staircases in the house. One is in the main entrance hallway, curving around a brick wall and up to a gallery landing. The second is a custom-made spiral staircase, rising from a hallway off the sitting room.

The five bedrooms are on the first floor. All are en-suite and two also have adjoining dressing rooms and open on to separate balconies.

As well as the garage and studio on the grounds, there's also an outdoor utility room. Elsewhere, the gardens feature lawns, shrubbery, a patio and a lot of decking.

The house is about 20 minutes' walk from the train station at Skerries, and half an hour or so from the coast. The agent is Sherry FitzGerald Blanc in Malahide, (01) 845 4500, and the asking price is €1.25m.

The Ryan review

The Central Banks' limiting of mortgage deposits has had the desired effect of dampening property prices with the average three-bed semi's value falling by just over 5pc since the end of March. 

However in Dublin, at €362,500 it's still out of the reach, and well beyond the €220,000 first-time buyer limit, for many pockets. How far more Dublin values can continue to fall is anybody's guess, and the summer lull won't help activity.

While south of the river, prices have dropped by up to 7pc, it still leaves first timers struggling to find double the lending limits and 20pc of the purchase price for an average €400,000 build.

Whether the new rules 'work' or not depends on the problem you are trying to solve and if it's controlling rampaging lending or out-of-kilter property inflation, then bravo.

One problem it doesn't deal with and, indeed, may hamper considerably, is supply. If first timers are struggling to find €220,000, then developers are equally finding it challenging to build to that at the family house end of the market.

Builders are making profits in areas where it's cheap to build, but this ain't South County Dublin where land costs remain stubbornly high. House build costs have risen 4pc and new building regulations regarding energy efficiencies, welcome as they are, add significantly to the price.

Will we find ourselves between a rock and hard place by trying to do the right thing?

Indo Property

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