Dalkey pad withdrawn from sale as €4m fails to clinch deal

IT may not herald a U-turn in property price trends but one of the most exclusive homes to come to the market in Ireland this year failed to sell at auction yesterday, despite an offer of €4m.

No 5, Sorrento Terrace, in the south Dublin village of Dalkey, was withdrawn from sale by auctioneers Sherry FitzGerald after they received just one serious bid at public auction.

Despite its exclusive address, the auction attracted less interest than anticipated. Experts believed wealthy bidders would emerge as it was the first time in five years a house on Sorrento Terrace was put up for sale.