An estate for €400,000

AS recently as this year, marina apartments in Shannon-side Killaloe were making €260,000, according to the new Property Price Register — so what value a 10-acre partly developed site nearby, with 30 houses in various states of undress? Try €400,000.

That’s the quote for the land, outlined in two phases, with a lapsed 2004 planning grant for a further 57 units on phase two’s 6.3 acres.

Joint selling agents are Denis O’Donoghue, of Savills, in Cork, with the Harry Brann office acting locally in the Lough Derg area. It’s being sold on behalf of a receiver, Padraic Monaghan, of KPMG, and comprises the incomplete Arda Na Dierge scheme, on the east Clare side of picturesque and busy Killaloe, 25 minutes from Limerick and near the M7.