Queues once more as Flaxmill Court houses snapped up
THE lack of new houses in Drogheda was once again in evidence last weekend as determined buyers queued overnight for the launch of Flaxmill Court on the Ballymakenny Road.Up to ten people queued overnight on Friday to make sure they secured their ideal home in the new development, which has yet to be built.Their patience and determination was rewarded when they were given th
THE lack of new houses in Drogheda was once again in evidence last weekend as determined buyers queued overnight for the launch of Flaxmill Court on the Ballymakenny Road.
Up to ten people queued overnight on Friday to make sure they secured their ideal home in the new development, which has yet to be built.
Their patience and determination was rewarded when they were given their choice of properties on the launch day.
The entire development, comprising 31 homes in total, sold out within two hours of going on sale and Darina Collins of selling agents O’Brien Collins Real Estate admits there is a sense of frenzy in the area at the moment because of the lack of new developments coming on stream.
‘We did have people queueing overnight but it was very civilised and the people in the queue were taken in first and got their choice of properties,’ said Darina. ‘The whole development sold out in two hours, it just shows the demand is as high as ever.’
Five of the townhouses have already been completed but the remainder of the townhouses and apartments were sold off the plans and are not due for completion until the beginning of next year.
She said there was a broad mixture of people eager to buy on the day with equal demand for the one, two and three bed properties.
While buyers are now looking outside the Drogheda area, with queues recently for a new development in Collon and a lot of interest expected for the launch later this year of the refurbished Old Mill in Castlebellingham, supply in town remains extremely limited.
‘We will be launching the Mill in Castlebellingham in September and there will certainly be a lot of interest in them because they are new houses but there is nothing available in Drogheda, apart from a few infill developments, but there are next to no new estates,’ said Darina.
‘There is always a high demand for new houses because people feel they can put their own mark on it and you get other benefits like the ten year guarantee.
‘The main problem is the lack of serviced land; it is the age old problem of supply and demand, they need to service the land so the developers can go in and build new developments to supply the needs.’
Also in high demand are prices under the first time buyers stamp duty exemption of e317,500 and it is becoming more and more difficult to find properties under this mark, according to Darina.
‘There is no sign of the market letting up in Drogheda and any bubble there may be should bypass it because Drogheda has become a destination town, whether it is for shopping, sports or activities. People have realised how easy it is to get to, we have become a suburb of Dublin and the prices are catching up.’
The townhouses at Flaxmill Court.