Recovery in Cork’s family home market might well be typified by the market response to the sale of 36 Hayfield, a new four-bed offer in a modern development, popular since first built in 2001.
Hayfield was the first Cork suburban location where a developer (Ruden Homes) paid €1m per acre, for the chance to build detached, upmarket homes. Four and five-bed houses here in this former barley field off Church Hill (by Nangles nursery), started in the mid €400,000s, and five-beds were over €700,000, with resales of the bigger types in the mid 2000s topping €1.2m. Since then, prices have dipped to the €500,000s and €600,000s, with one top 2,700 sq ft example making €920,000, in 2010.
Now, one of the larger four-bed models here just off the Model Farm Road is listed with TJ Cronin of Irish and European, who guides at €645,000. Given residual pent-up demand, and the location’s appeal, he’s going to be busy with bids and viewings.
Punching in at about 2,240 sq ft, No 36 is detached, with two of its four bedrooms en suite, and is in pristine order inside and outside with manicured colourful gardens, living up to the property’s name, Flora House.
It faces a green, has off-street parking, two garden sheds plus workroom, and has a side family room with fireplace with gas insert, and access to the south-facing front garden via French doors.
There’s also a main 21’ by 12’ sitting room with solid fuel stove, a 20’ long but more slender kitchen/dining room with pale tiled floor, utility, guest WC and store room.
VERDICT: A real walk-in job in an upmarket Ruden Homes scheme on the western fringes close to hospitals, colleges and the south city ring road too. It should move swiftly, indeed.
BER Rating : C1