Island apartments in ideal location

NOW that the tax relief has run out, many of the perfectly placed apartments at Inchydoney, Co Cork, are coming on the market.

Last year, the island units fetched about €500,000 apiece but now range from €420,000 to €450,000 — still strong despite the downturn and confirming the importance of location in the present market. And at Inchydoney, they have it in spades.

A bird’s-eye view over the broad, sandy spread of Clonakilty bay and a location close to the landmark Inchydoney Lodge and Spa makes these units a good investment.

Owners of the apartments are also included in the hotel’s Gold Circle, which means reduced fees at its spa and leisure centre.

A savvy marketing pitch means the most recent sale, apartment no 5F, is pitched at €400,000 through agent John Hodnett of SWS Property Services.

The two-bed is in superb condition, he says, and is a second-floor unit with south-facing views out to sea.

Just a five-minute drive from Clonakility, it comes with an open-plan living area, balcony and two bedrooms with bathroom and en suite.

Mr Hodnett says management fees are in the order of €960 per annum and rental levels of €700 per week can be achieved in the high season.