Go with the flow — 11 River Blackwater townhouses €50,000 each
EVERY river has its turing point — and an unexpected turn of events is coming up the week after next along the River Blackwater in Waterford’s Cappoquin.
Backing onto the river bend, with views of two bridges, this finished scheme of 11 townhouse holiday homes goes under the auction hammer — with each house guided at just €50,000 each.
It’s a bank sale, and interest so far has been huge: back in November, we featured them when just five were offered, at prices from €50,000 to €60,000, but there was a slight catch — you had to be a cash buyer, no mortgage borrowers were to be entertained. Now, there’s a change of heart, and anyone in a position to come up with a 10% deposit and to sign a contract is eligible to buy, and a very lively auction is expected.
The 11, comprising the entire of Port na hAbhann, will be offered individually, so it will be interesting to see if the early bidders get best, worst or comparable value as the last gets sold.
Agent John Rohan of Sherry FitzGerald is selling on January 26 in Dungarvan, and notes each house has about 1,340 sq ft, and there’s a mix of terraced and semis. They are timber framed, have electric storage heating and have nine-foot ceilings. They’ve got rear sun rooms with river views. Cappoquin is 50 minutes from Waterford city, and 15 from Dungarvan.
VERDICT: Cheaper to buy than to build.
