You are viewing the content for Saturday 18 February 2006

Viewers vying to see Model Farm Road property

By Rose Martin
IT mightn’t be the biggest or the brashest house on the Model Farm Road area, but Mount Nephin has got off to a flying start since it hit the market last weekend.

Thirty viewings for this four-bed detached were lined-up by Monday for TJ Cronin of Irish and European and he’s had an offer of €700,000 already.

Which means settling on a guide price might also be too late, as bidding has already begun at around the starting point.

Located on Bishopstown Avenue, this house is at the back of Cork University Hospital and only a hop, skip and a jump from Dunorlan, a detached five-bed which went into the Cork practitioner’s book of records two years ago.

That Laburnum Lawn house sold for a mind-blowing €1.3 million in 2004 from a starting point of €750,000 through auctioneer Billy Casey of Casey and Kingston. That record price could be put down to a conjunction of events, such as the quality of the property and the high demand at that particular time. But the salient selling point remains - its proximity to the hospital, which is further augmented by the new maternity wing.

Mature houses on good sites off the Model Farm road are highly-prized, so the queue of viewers is no wonder. The usual demographic of buyers here means there is also a strong probability of a bidding war.

However, TJ Cronin doesn’t want to play up the high prices achieved for other properties, and says he prefers to concentrate on the qualities of the one he’s selling.

Over inflation of values can have the opposite effect and spoil the selling qualities of a given property, he says.

Mount Nephin is in what can only be called a ‘stripped out’ condition, which means buyers get a clean, honest view of the property.

Detached on a third of an acre site, the house is about 40 years old, says Mr Cronin, with solid internal, as well as external walls.

There’s an attached garage at the side, and two living rooms to the right of the entrance hallways, with a kitchen directly to the rear.

Overhead are four bedrooms and a bathroom off a bright, square landing and there are a couple of more ancillary rooms at ground floor level.

There’s more than enough space to extend over the garage, says Mr Cronin, and to wrap an extension around the back.

Facing directly onto Bishopstown Avenue, Mount Nephin is also just a walk from St Catherine’s School and Mount Mercy Convent: and Spriod Naomh College is a five minute walk away.

All these attributes should have some potential buyers slavering, as the area is low-key but highly regarded in property terms.

Where the price will go is anyone’s guess.