Tommy Barker says new, upmarket schemes west and east of Cork city will spur resales – and gossip.
Blackrock Road and Model Farm Roads - €475,000-€900,000
Size: 1,400 sq ft - 2,800 sq ft
Best Feature: New homes supply at upper end may free up trading houses elsewhere in the market
Winter’s the best time for planting trees, for putting down strong roots for future summers’ growth.
That seems to be the case too as two up-market, brand new Cork suburban house developments come forward in construction and launches, in the wintry tail end of 2017.
They’re on opposite sides of Cork, Blackrock Road and the Model Farm Road, and each coincidentally come with horticultural references in their names.
A teaser campaign for one, on the city’s eastern flanks at Cleve Hill on the Blackrock Road has started this month, with just the name - Botanika - revealed.
‘Botanika with a K’ will launch within weeks, and comes after nine deposits are recorded at another A-rated trade-up development, Rosefield, on the old Nangles Nurseries site on the Model Farm Road, reprising that suburban site’s previous reputation for cultivating quality roses.
At the city end of the Blackrock Road, even before Ballintemple, work is well underway on six acres of former woodland and scrub here, for c 30 big detached and semi-detacheds in a development by Citidwell (previously Murrayforde.) They acquired the truly prime site after it was ‘flipped’ by Dublin buyers: rumour is Citidwell paid over €6m for the site.
Now, Botanika’s wooded sloping site has been more than well cleared back, and in a second unplanned clear-out, the storms of recent weeks have taken out even more mature trees, ash in the main. However, and despite given the price level the mix of semi-ds and detached will go for, purchasers will likely have a few bob left for landscaping.
Given the location and quality of builds, some of the detached with be €800/900,000: might some even seek €1m-plus?
No prices or details are released yet by agents Cohalan Downing Associates, determined to drip-feed information as they build up names on a dedicated registration site www.botanikablackrock.com
When the Botanika launch does go live, expect it to be a hot topic among the monied classes: such was the case in previous decades’ launches of Cork schemes like Lindville nearby in Ballintemple, The Paddocks in Douglas, and with Court Cairn and Hayfield in the western reaches.
As it turns out, the just released Rosefield on the old Nangles nurseries site is next door to Hayfield, and 15 years on, these new, A-rated builds also will feature brick external finishes.
Rosefield will have 19 homes and its selling agent Kevin Barry of Barry Auctioneers says he has taken five deposits on big detacheds of 2,300/2,400 sq ft, at prices from €750,000 to €775,000.
He has four deposits taken on the D type 1,800 sq ft two-storey four-bed semis, at €535,000 - “and I could have sold another dozen of those,” he says. He’ll have two, smaller 1,550 sq ft four-bed semis at €475,000, and more detacheds then to follow too.
Its developers are Dublin-based Lugus Capital, with builders EcoFix also moving out of the capital to build in Cork.
Meanwhile, just west of Rosefield, O’Flynn Construction last month launched Steeplewood, again upmarket. Early sales via Sherry FitzGerald include six semis of c 1,400 sq ft, at €425,000, and two detacheds at around €800,000, with the largest there being 2,800 sq ft.
VERDICT: These schemes mean lots of other Cork family homes will be ‘traded in’ as owners opt for A-rated new-builds.
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