DROPPED in price by just short of €100,000, this detached house at 37 Fernwalk at Killumney, Co Cork, is a victim of the credit crunch.
An upper level, trading-up property, it’s one of many that have lingered on the stumps as the market contracts.
And while there is movement in the lower end of the market, higher-priced houses have been a hard sell, as those with the money become cautious and those willing to take a punt have found that the funding isn’t there — no matter how good their credit history.
Which is why agents are now nodding their heads and saying that if the price is right, a buyer will be found.
The vendors of 37 Fernwalk have given their property a significant haircut and are now looking for offers close to €635,000.
This is a big step back from the former values of this Killumney, Co Cork estate, which has one of the largest collection of detached houses in the western suburbs.
It’s minutes by car from Ballincollig and has those tick-box requirements like good schools, shops and infrastructure that make a move worthwhile.
Norma Healy of Sherry FitzGerald is handling the sale and says it’s a fine, four-bed with an extra large, south-facing site.
It has been professionally landscaped and is located in a quiet, safe area of the Greenfields estate.
It comes with a big, rectangular living room, with direct access to the kitchen/diner, (with birch units by Coach House Kitchens), a conservatory, a second living room, study and guest bathroom along with a utility.
On the first floor there are four bedrooms, with master ensuite and a main bathroom.
Heating is zoned, with power showers and no 37 has town gas.
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