Trade in your home up to €550,000 against site value

IN a still market, you have to have an angle, so estate agent Sam Kingston has come up with a unique selling point for three sites, at Lee Carrow, in Cork’s Passage West.

He will take a buyer’s existing home as a trade-in, up to a value of €550,000 against the sites, which weigh in at a hefty €650,000 apiece. His client is offering a long contract of sale – allowing a purchaser a year in which to build, while staying in their own home – and it cancels out double mortgage and rent payments.

The sites will cost upwards of €100,000 in cash/money with the rest of it trade-in/mortgage, but it will be up to an individual’s lawyers to parse out the details of any contracts. It could work for those trapped in houses they can’t sell, but with the wherewithal to trade upwards.

Close to the newly-built and upper level Horsehead scheme (where exclusivity involves a subtle vetting system), the Lee Carrow development provides for three identical 3,200 sq ft houses on one-third-acre sites.

They include pretty luxurious master bedrooms, a tower-like, curved staircase as a main feature, and a range of rooms over three levels – all very noughties.

There is the option for a buyer to reapply for a change of design, or site but that would be contingent on a lack of local objections and the view of the planners.

What is certain is that now is a great time to build, with top-class tradesmen available to create top-class homes. These Casey and Kingston-offered Lee Carrow sites could provide all of that.