Time to home in on the Northside
As the new homes season winds down for summer, this weekend sees one last brand-new launch. Liadan Hynes reports
As the season comes to a close, the mismatch between supply and demand continues, with the Help-to-Buy scheme allowing first-time buyers access to the market, only to find a lack of houses to purchase.
According to Ken MacDonald of Hooke & MacDonald: "Unfortunately the supply of new homes is not coming anywhere near meeting demand. The Help-to-Buy scheme had been hugely successful in helping young people to access home ownership and statistics show that it has not been inflationary as new home price rises have been only half of what secondhand house prices have been."
There is strong demand, he says, for "new three-bedroom houses, mainly from first-time buyers and for four- and five-bedroom houses for people with growing families; also good interest in two-bedroom apartments from people trading down from large houses as well as from first-time buyers."
Belcamp Manor on the Malahide Road, Dublin 17, which launches this weekend, is pitched to meet that demand. The launch features a mixture of three- and four-bed units from Crosswaithe Developments. This first phase brings seven units in total to the market, six three-bed plus study units and, unusually for a development comprising mostly of starter homes, one detached four-bed. All four-bed units in further phases of this site are likely to be semi-detached.
Interest has been mainly from first-time buyers and trade-up purchasers, says selling agent Winston Halnon of Hooke & MacDonald. "We've also got some good interest from people looking to trade down, who are moving back to the area from further afield because they want to come closer into the Dublin area, or they are currently already living in the area."
The area has seen a relatively large amount of development in recent years, with Cairn Homes' Parkside across the road from Belcamp, which is located on the Hilton Dublin Airport Hotel side of the Malahide Road.
The proximity to the city centre and the M50, the plentiful supply of amenities, and good transport links make it appealing to those who grew up on the Northside but can't afford the likes of nearby Portmarnock, Malahide or other villages situated that bit closer to the sea. The only downside of the location is that the number of schools may need to be increased to match the expected increase in the number of residents. "There is a lot of activity in the area which has brought people who might previously not have considered this location," says Halnon.
Three-beds plus study units are priced from €410,000, and sized approximately from 131sqm. These are mid- and end-of-terrace houses, set over three storeys. The ground floor includes a large living room, kitchen/dining room, utility room and WC, double en suite bedroom, single bedroom and bathroom at first floor level, and a double bedroom and study on the top floor. The four-bed detached unit is priced from €465,000, and is c167sqm and set out over three storeys.
These units differ in that they have two large double bedrooms, one with en suite, both with walk-in wardrobes, and a large storeroom, at second floor level.
Contemporary fully-fitted kitchens by JV Kitchens made from poplar have been included in all units, as have fitted wardrobes in all bedrooms. Double-glazed windows have been provided throughout by Munster Joinery.
In terms of distance for those commuting to the city, Clongriffin Dart Station is within walking distance, with the city centre approximately 17 minutes away by rail. There is a park-and-ride facility on Clongriffin Main Street. The 65-acre Father Collins Park is nearby. The development itself is set on five acres of land and includes four open spaces. Clare Hall shopping centre, which includes a 24-hour Tesco, is close by, as are the villages of Malahide and Portmarnock.
VIEWING: Wednesday, June 27, 5.30-6pm, or by appointment
AGENT: Hooke & MacDonald (01) 631 8402