Greenbanks site will prove a shrewd investment for canny purchaser

GREENBANKS, a detached house on Cork’s Well Road, went up for sale in late 2005, just as the housing boom hit its peak — but despite spiralling prices, it took the market by surprise.

From a standing start of €1.5 million, it sold for €2.9 m, including an extra site worth €500,000.

Greenbanks was the house that Rory Gallagher bought for his mother, Monica, on a three-quarter acre, estuarine site and it went to market after her death.