EDEN TERRACE is one of the finest in Limerick, (a city that’s coming down with classic, residential architecture), says agent Des O’Malley, and also has one of the best addresses.
The Sherry FitzGerald O’Malley agent is selling number two, Eden Terrace, a two-storey, over-basement property on the North Circular Road.
A tastefully-restored four-bed, the white stucco house has all the tick-box requirements for a trading-up buy: it has the address, the space, the taste, good gardens, parking and that hint of upstairs/downstairs.
But it’s not a fuddy-duddy buy, it’s a modernised house with the cosiness and familiarity of the old. The owners have traded up, leaving this vacant slot in Limerick’s premier address.
And while there is a downturn and the upper level is hardest hit, Des O’Malley says they have a number of sales in the area.
The fact that the owners have bought a bigger residence themselves is a clue to the underlying strength of location and availability, he says.
O’Malley won’t draw comparisons with previous price levels during the boom — we’re gone beyond that, he says, and should look only at today’s values.
The guide for Eden Terrace is €890,000 and that reflects all of the attributes of the property and is a fair guide, he says, particularly as the owners wish to sell.
And while larger properties on the Limerick market, like Shamrockville, also on the North Circular Road, have been slow to move, (there was an undisclosed guide of €4.5m for the massive, period house on 1.3 acres), the less than stratospheric levels of number two, Eden Terrace, stand in its favour.
And it’s a luscious buy.
There’s that classic, cream styling going on, with lots of big, antique mirrors, quality flooring and big, wide windows that work in proportion to the size of the rooms.
Then, there’s the impressive entrance, with steps rising to a double hallway and through to the first-floor drawing and dining room.
The less formal living rooms are on the ground floor, where there’s a rectangular, eat-in kitchen overlooking the garden and an extended, sun room/family/dining room leading directly onto the garden. A fourth bedroom, and a bathroom, are at ground-floor level, and, on the second floor, there are three other bedrooms.
According to Des O’Malley, number two, Eden Terrace is a very elegant property, where most of the period features have been retained, including some very impressive fire places.
Number two also comes with lots of off-street parking, (the front garden has been gravelled for the purpose) and while the long back garden is rather plain, there’s an opportunity to improve for new owners.