Dramatic reduction at Bellevue Villas to tempt buyers

AFTER what is probably the most expensive new approach driveway in Ireland, the c €15 million-plus railway bridge serving just four or five homes, you might expect house prices at Bellvue Villas to rise as well. Wrong.

The asking price for No 3 Bellevue Villas overlooking the River Lee at Tivoli in Cork city has now come down to €950,000, having been cut previously from €2m two years ago, to €1.7m, and then whittled down again.

Now, at a pragmatic sub-€1 million figure, and with a new private approach bridge costing multiples of that sum inching to completion over the Cork-Cobh/Midleton rail line, No 3 is very much priced to move, says auctioneer Ann O’Mahony of Sherry FitzGerald.