Prime part-completed €2m development to test market

Builders are back in business in cities like Dublin and Cork in the bid to get sites for a house-hungry market — and now an outer suburban site comes to market in Cork to test appetites for something just a bit further out.

Carrying a €2m guide is a six-acre part-completed development by E&T Builders, The Brambles at Castletreasure, Scart Cross, outer Douglas. It has ten completed houses, which have been rented out, and extension of planning for 28 units was granted in 2010.

It’s priced at €2m by Eoin Ryan of DTZ, with Ann O’Mahony of Sherry FitzGerald. That’s the same price as the same agents have on a prime six-acre inner-suburban Cork Blackrock Road site at Cleve Hill, currently under very active viewings from builders and speculators, with planning for 18 homes worth up to €1m each. It’s likely Cleve Hill’s initial guide will be far surpassed.