Tuesday 20 February 2018

High fliers are falling

It's been another week with a high rate of withdrawals at the rostrum, especially at the very top end of the market, though many properties were sold following negotiations that took place after auction

AMONG the high fliers that failed to be knocked down under the hammer this week was Glenwood House in Lucan which is set on 105 acres of land with potential for future rezoning.

This was top of the high price league this week. Joint agents Lisney and McDonald Brothers were guiding ?6m but withdrew the property at ?4.5m and are currently negotiating at a figure well in excess of that.

Located 13 kms from the city centre, the double fronted farmhouse stands five minutes drive from Lucan village.

Number 27 Orwell Park was highest priced property going to the rostrum yesterday. Agents Lisney were guiding ?2.75m for this detached home with a coach house on quarter of an acre and withdrew, now quoting ?3.2m

Another high price was the ?2.5m guided for Glencarrig House on Badge Hill in Rathcoole, Co Kildare. At yesterday's auction it was withdrawn by Gunne at ?2.3m and was under negotiation on going to print.

Earlier this week Innisfallen, a six bedroom detached house on one acre at Kerrymount in Foxrock, was withdrawn and sold after by Lisney for around ?3.5, But the vendor of the nearby four bed detached property at Golf Lane on Torquay Road was not so lucky. Originally guiding ?2.1m for this, Lisney are now quoting ?2.9m.

Style Bawn, an 18th century home with a two bed cottage on 12.65 acres at Delgany in Co. Wicklow eventually secured about ?3.3m under the agency of Jackson Stops who were guiding ?3.5m before it was withdrawn from auction.

Furness Polo at Forenaughts in Naas Co Kildare, one of our front pages recently, and pictured above right, was also withdrawn at ?1.9m, a mere ?100,000 over the guide for

the three bedroom, Regency style mini-stud on seven acres.

Bidding opened at ?1.5m with three active potential buyers chasing up the price to ?1.9. Subsequent negotiations concluded yesterday evening when the magnificent home, exceptionally well presented and built for entertainment purposes, sold for a figure in excess of ?2m.

Agents HOK Country and joint agents Colm McEvoy were charged with the sale.

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