Tuesday 23 January 2018

Two period homes break the £1m-plus barrier

THE HUNT for choice residential properties shows no sign of flagging with two more southside period house breaking through the million pound barrier.

Cranford House, 116 Terenure Road West, Dublin 6 W, changed hands for £1.7m after auction. Sherry FitzGerald's price guideline was £1.5m.

This highly distinctive five-bedroom Edwardian house stands on three-quarters of an acre of gardens. Accommodation comprises 2,800 sq ft and most of the original features are intact, including veranda and Tudor-style windows. It has planning permission for two additional houses.

Yesterday agents Lisney secured a very strong £1.64m for 8 Palmerston Road in Rathmines, Dublin 6. Originally guided at around £900,000, the two-storey over garden townhouse is let in four apartments, but is now expected to revert again to a private residence.

The same agents were also on the mark with No 3 Vesey Place, Monkstown, Co Dublin. This two-storey over garden level Victorian house was withdrawn from auction at £775,000, but sold later for over £800,000.

Glasthule House on Adelaide Road, Glenageary, Co Dublin was sold under the hammer for £830,000 by Sherry FitzGerald. This property is a five-bedroom bungalow on 0.5 acres.

A pre-1963 residential investment in eight units at No 81 Waterloo Road, Ballsbridge Dublin 4 fetched £740,000 at a Lisney auction. However, No 7 Fortfield Drive, Terenure went unsold in the auction room. Lisney are now seeking offers at £500,000.

St Judes, a two-storey terraced house off Newtownpark Avenue was withdrawn at £400,000 by Douglas Newman Good now quoting £600,000.

No 41 Orwell Park, Rathgar, Dublin 6 was withdrawn at £540,000 and is under negotiation through Douglas Newman Good.

On Dublin's northside, Knocktarna, Howth Road, Howth went unsold at auction. A £700,000 bid failed to secure this five-bedroom detached house. Agents Douglas Newman Good are now quoting £750,000.

However, Advarna, Thormanby Road, Howth was withdrawn at £350,000 and sold later by Sherry FitzGerald for an undisclosed higher price.

Outside Dublin, Raymond Potterton sold a three-bedroom house on 63 acres in Rathfeigh, Ashbourne for over £575,000. An 82-acre non-residential farm at Belper in Dunsany with a 51,476 gallon milk quota made £730,000.

A commercial investment at 60 Merrion Road, Ballsbridge Dublin 4 was withdrawn at £850,000 at a Gunne Commercial auction.

A number of residential sites changed hands for big prices as the scarcity of development land pushes prices upwards.

G.P.K. Properties purchased a half-acre site on the Roebuck Road, Goatstown at auction on behalf of Castlepark Construction for £2.6m. The site was sold with full planning permission for 18 apartments.

Castlepark is currently building an apartment development nearby on the old Deerpark site, which should be completed in the autumn. This will have 36 units, mostly two-bedroomed.

Gunne Commercial achieved a local record by selling six acres of residential development land at Sean O'Carroll St, Ardee, Co Louth for £1.32m or £220,000 per acre. The land was bought in trust by Daniel O'Connell & Sons Solicitors, Dundalk.

Around 1.25 acres with full planning permission for 28 apartments at Cookstown, Ashbourne, Co Meath went for £1.3m through joint agents Grimes and Ronald Duff & Associates.

The Modern Green Bar in Dublin's Wexford St has been purchased after auction by Velure Productions and new business partner Stephen Murray for a figure believed to have been around the pre-auction price guideline of £1.75m to £2m.

Selling agent John P Younge withdrew The Henry Grattan licensed premises at 47/48 Lower Baggot St, Dublin 2.

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