Some Dublin family houses see price rises

Irish Independent | 22 February 2013

After successfully selling off 24 houses last year, a further 25 houses have been launched at the Crosforge estate in Saggart, Co Dublin, and some of these have had their prices increased. Ranging in size from two-bedroom terraced up to four-bedroom semis, their prices range from €199,000 up to €275,000.

Sales agent David Browne, of agents HT Meagher O’Reilly, said that the prices for the first phase were very keen partly because of the need, at a time of market uncertainty, to build the confidence of home buyers to buy off the plans in a green field estate.

“Now that the first phase has been built and prospective buyers can see clearly the developer’s commitment to quality houses, we have priced the houses at levels which realistically reflect levels of demand, supply and current market prices for family houses,” he added.

Mr Browne also points out that the supply of new houses in Dublin is quite low with just 1,266 houses built in Dublin in 2012.

In this second phase, large two-bedroom houses of 91sqm are now priced from €178,000 – up from €169,000 last May. Some of these properties can be supplied with a third storey, creating another en suite bedroom and with their 118sqm total floor area these are priced from €199,000 – up from €190,000 last year.

Now the three-bedroom houses of 114sqm have increased in price by €7,000 to between €212,000 and €235,000 depending on whether it’s mid or end of terrace.

No change has been made to the prices for the largest houses. For instance, the three-bedroom semis of 129sqm are available from €250,000. The extra-large four-bedroom mid- and end-terrace houses extending to 145sqm are still priced from €237,000-€260,000. In addition, the four-bedroom 126sqm semis with extra-long gardens are from €275,000.

Among the cost-saving features of the development are the energy efficient A ratings for BER as well as the saving on management service charges as there is no management company.

Saggart has become quite accessible in recent years following the extension of the Luas red line and its nearest stop is just a short walk from Crosforge, which is also convenient to a supermarket and primary school. Its proximity to the N7 also makes the M50 accessible.

The homes are built by Anthony Neville and Sons whose other developments include An Glasan Enniscorthy, Ivy Close, Wexford, and 81 Park Lane Croydon.

Viewing times of the show unit will be between 1pm and 3pm on Saturday and Sunday.

Contact: HT Meagher O’Reilly 01 6342478

Knight Frank

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