Chance to return to residential glory

IT is one of the biggest price drops around: €5 million, down to €2.2 million.

Castlemahon in Cork city’s Blackrock went up for sale at the boom’s height in December 2006, with an all-in price expectation of that higher €5 million sum for its 1.75 acres of land by Blackrock Castle.

Now, there a different sales pitch, with the price slashed, and pitched this time at residential buyers who will turn it back into a gracious family home.

The 5,500sq ft house off the Castle Road dates to the late 1700s, and most recently has been used as a nursing home, accommodating 24 residents. Apart from the main house and gardens, there’s a tennis court and a swimming pool.

Most of the aspired-for €5 million value at the time of being put up for sale was attributed to the possibility of developing one acre separately to the house, but no-one bit, in fact there was hardly a nibble.

The vendors are keen to sell on in any case, and have appointed Hugh McPhillips of Marshs auctioneers to sell Castlemahon. He is offering it on all of the land, as a private dwelling (once suitably reinstated), and quotes an AMV of €2.2 million by private treaty.

It has the new observatory at the old castle as a near neighbour, Blackrock village continues to grow in chic suburban living appeal, and there’s that great Council-inspired amenity walkway around the Mahon peninsula, which opens up harbour walks all the way round to Rochestown, Passage West and Monkstown.

Castlemahon was a private nursing home since the early 1980s, but at one time it was also owned by the golfer Jimmy Bruen, the Pádraig Harrington of his day with a British Open win back in the 1940s.

The two-storey over semi-basement house was originally called Tarkfield, lived in for generations by the Chatterton family. Sir James Chatterton, 1st Baronet was Keeper of the State Papers in Ireland, and the Rose Window and a stone table in St Fin Barre’s Cathedral recall his memory.

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