Now about 200 years old, the period home Lotaville three miles east of Cork City clearly has had a number of different family owners – and, it has probably had as many estate agents in the past 12 years too, possibly as many as six, including several joint agencies. Maybe now the time has come for it to sell?
It’s back on the books of Joe McCarthy and Robert O’Keeffe of Irish and European, who first listed it back in 2002, when it carried a €1.6m price guide. It dropped down the years dipping in and out of market. We last covered it in 2012 at €850,000, and now it’s back again, at €850,000 still, and in the intervening period the market probably fell a little more, and rose again considerably in the past nine months.
With 7,500 sq ft of home on two levels over basement, plus two-bed gate lodge and one-bed mews, it’s now just a tad over the €100 per square foot level, and that’s for considerable period finery and trim. Which all needs work, by the way.
Yet, it’s possibly worth it too by now, and, period homes on grounds? Well, they’re not making any more of them, as the adage goes about land. The vendor has long since built a new, contemporary home on part of the original grounds here at Tivoli, so now Lotaville’s on two acres, which includes tennis court and a private, woodland setting, south-facing with the Lee glimpsed in sections through the trees.
It’s all quite imposing, with mostly original sash windows, its main reception rooms are to the front for light and views, there’s a dramatic curving main staircase and a side wing turret or folly tower, with spiral stairs for those slender of shoulder and girth.
Two of its six main bedrooms have en suite bathrooms, and the lower ground or basement floor is effectively self-contained, with external stepped access and has a raft of rooms, from snooker to home gym, sauna, bars, reception room, kitchenette and more, with lots of 1960s-style parana pine panelling.
Because of the mix, and overall floor area and period finery (some excellent plasterwork, fireplaces, etc,) Lotaville may be bought as a business centre/corporate HQ as much as for a home, and its extras include a lodge and one-bed mews which may yield rental income too.
You’d have been particularly brave or bullish, to have bought while the market was in free-fall; Now, though, once adequately surveyed and in need of more than TLC, it may be a more practical purchase proposition.