Kinsale's Ardbrack 12th house in locale to make over €1m on resale

Kinsale's Ardbrack 12th house in locale to make over €1m on resale

  • VERDICT: Kinsale’s Fr McSweeney Terrace has a blessed setting.
  • Ardbrack, Kinsale
  • €1.35 million
  • Size: 180 sq m (2,000 sq ft)
  • Bedrooms: 5
  • Bathrooms: 4
  • BER: Pending

Hoping to make it an even dozen, of €1m+ home sales with an Ardbrack Kinsale address, are the owners of No 12 Father McSweeney Terrace, and their selling agent Ron Kruger of Engel & Volkers.

Kinsale's Ardbrack 12th house in locale to make over €1m on resale

It carries a price guide of €1.35 million – not too bad a target for a semi-detached house, with its roots back in the 1940s, and originally constructed as a two-bed 650 sq ft house for the local authority.

Since those lean times, this original terrace of 14 houses has come a long, long way, and they’ve soared in the price stratosphere when they come up for resale, either if dramatically rebuilt, or even when changing hands in their raw state.

The reason why is no mystery: they were built on the shoulder of a hill rising up from Scilly by the Spaniard Bar, towards the 1980s large apartment blocks at Ardbrack, known locally as Heineken Heights as they were built by a Dutch pension fund.

Well, the market definitely remains frothy on Father McSweeney Terrace, High Road, where No 12’s sits towards the higher end, on a big and sloping site, with views to dive for.

Kinsale's Ardbrack 12th house in locale to make over €1m on resale

The vista include pretty much all of the inner and outer harbours, James Fort, the town of Kinsale, marinas and piers, Scilly, the river Bandon estuary - the whole panoramic panoply.

Back in 2016, No 7 here which had been fully and expensively rebuilt, came for sale with a €1.2m price guide, and it rightly featured strongly in these pages, exciting lots of would-be buyer interest.

However, despite that, No 7’s owner subsequently took it off the market and now is considering extending it beyond its current c 1,750 sq ft, keen now to enlarge it downwards, into his sloping site and out for even more view-taking towards the harbour.

Since then, the sale of one of the ‘original of species’ on this terrace has finally gone through, with the mere 650 sq ft original condition, two-bed home at No 2 making €1.03 million after a bit of extra side garden was added onto the original sub-€1m house purchase.

Kinsale's Ardbrack 12th house in locale to make over €1m on resale

However, it’s especially notable as it represents a price of €1,580 per square foot....even in Kinsale terms, that’s pretty stratospheric, for a place that’s soon going to be the centre of a considerable build project and extra investment.

So far, the Price Register shows 11 sales with an Ardbrack, Kinsale address each making in excess of €1m (and, it shows 27 in total for Kinsale, going back to 2011,) with the strongest price in recent years being the €3m paid for Fastnet House, the former home of Howard Holdings founder Greg Coughlan, a West Cork native who died in London a week ago, and which he had reportedly invested €6m in its construction.

While not at all in the same league, the 1940s’ built semi-detached home 12 Fr McSweeney Terrace is no slouch, in space terms.

Extended to the side and to the back in 2001 by its current occupants, it runs to c 2,000 sq ft, over two floors and is likely to be one of the largest on the Ardbrack High Road’s terrace of pairs as a result. It’s in excellent condition, with good sized rooms and has four bathrooms, including two en suite bedrooms at first floor level, and the option of a fifth bedroom at ground level, left of the entrance.

Kinsale's Ardbrack 12th house in locale to make over €1m on resale

Auctioneer Ron Kruger of Kinsale-based Engel & Volkers confidently guides No 12 at €1.35m, especially so given the €1.03 million sale at the 650 sq ft No 2 on the terraces’s lower end. Mr Kruger also sold No 9 here back in 2016 for €920,000, as a smaller home, just some 650 sq ft at the time, with full planning secured to extend.

Kinsale's Ardbrack 12th house in locale to make over €1m on resale

E&V also recently wrapped up the sale of a three-bed, c 1,200 sq ft penthouse apartment at Ardbrack (Heineken) Heights, where aptartmet No 10B made a reported €845,775 earlier this year. Strongest sale in ‘19 at Arbrack is a do-er up bungalow Rooska, at an even €2m.

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