Tuesday 23 January 2018

Luxury home bought at height of boom now worth €300,000 less

The Kellys house at Alexandra Manor in Clane, Co Kildare
The Kellys house at Alexandra Manor in Clane, Co Kildare

Pat O'Connell

A property bought at the peak of the housing bubble by Console founder Paul Kelly and his wife Patricia has fallen in value by €300,000.

In May 2006 the pair took out a mortgage to buy a luxurious, gated house at Alexandra Manor in Clane, Co Kildare - valued at €890,000 at that time.

However, following the crash, the property is likely worth far less. Similar properties in the estate have changed hands for between €430,000 and €580,000 in the past two years.

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