Superb location for sizeable homes aimed at rental investment

THIS Church Cross development is an unusual sale — the scheme of just six detached houses on the outskirts of Cork city that is for rental investment or holiday home use only.

The location, at Donoughmore, Co Cork, isn’t the centre of the universe, nor is it coastal or chi-chi, despite being 10 minutes’ drive to Blarney.

So it begs the question: Why?

The planners would only grant holiday home permission in the location, which is part of the site of the former parochial house at Church Cross, Donoughmore.

That faded period property has been fully restored by its overseas owner and the site surrounding it has been developed into a very low-density estate with a half-acre site to each house.

Tim Murray of Property Partners O’Mahony Walsh is in charge of the sale and is looking for offers of about €475,000 for these 2,140sq ft houses. Even in a depressed market, buyers might snap the hand off the agent at this price and size, but the holiday clause means that owner-occupiers need not apply.

The location is superb, in a restricted area close to Tower, Blarney, Bishopstown and Blackpool.

Each unit comes complete with sleek, modern kitchens, bathrooms, wardrobes, fireplaces and best of all, detached garages.

Not bad for €475,000.

On level, wooded sites, the houses come with a lounge, living room, kitchen/ dining room, study, utility and five bedrooms, two of which are ensuite. A zoned oil system includes underfloor heating at ground level and the houses come fully landscaped. There are also good amenities locally.