Bankable quality-built residence at Heatherfield

A SYMBOL of better times, Heatherfield will remain the quality house building calling card of troubled Fleming Construction: the collapsed entity now reportedly has debts of around €1.8 billion, well over the initial €1 billion sum widely referred to since ACC Bank first inched the rug out from under the group in 2009.

Now being financially filleted by its entire group of banks, Flemings built the 60-house highly bankable Heatherfield development in Cork back in the first half of the 2000s, with launch prices at €650,000, and later resales here even tipped over the €1 million mark.

Early last year Flemings launched the more contemporary Earls Well development next door to Heatherfield in Waterfall, with far larger (3,000 to 4,000 sq ft) houses marketed from €1 million upwards. However, Flemings escalating debt difficulties saw the few keen purchasers hold back awaiting clarity.