IS €800,000-plus “the new €1 million?” It might well appear so, given the number of quite high-end Cork suburban properties which have come up for sale in the latter half of 2017, at the €850k-plus price level.
In the last month, alone, there was clutch of new builds launched and instantly ‘sale agreed’ at €850,000 in Botanika, on the Blackrock Road; in Blackrock village, meanwhile, the 2,500 sq ft show apartment at the former Ursuline Convent hit these pages at that precise price-point just last weekend.
That, and a little bit more (€895,000,) is the guide price for 5 Reeveswood, in the heart of Douglas village, coming to market as an end-of-year temptation to traders-up.
There’s only ever been a handful of re-sales in Reeveswood, none shows up on the Price Register, going back to 2011, and it’s probable the last sale was of No 5 itself, back in early 2008 when it was guided at €1.1 million, and apparently sold for not far off the €1m mark.
Since then, it has bathrooms upgraded, a larger and much better master bedroom was fashioned after two smaller bedrooms were joined into one, where its en suite bathroom has an all-singing, all-dancing large jetted shower/steam cubicle with sound and lights, and the house also got an upmarket side kitchen extension, with new granite tops on rustic oak units, and on a long, central island.
Now, No 5 is up for resale, after a decade in family ownership, as the vendors have traded down, and have already moved out.
They’ve listed No 5 Reevewood with estate agent Jeremy Murphy, at this upper market price level, and in very good overall condition.
But, as it’s unfurnished it just needs that bit of viewer imagination to see it all back furnished, and a Christmas tree up in the front bay window...where one surely will be reinstated, by Noel 2018.
Location, alone, will drive interest and demand. Reeveswood is a 150-metre trolley dash to Douglas Village Shopping Centre, and every other amenity of this superbly serviced suburb is on the doorstep.
There’s even a slip road off the south city ring road that’s within 100 metres of this small and select development.
This niche development of eight, three-storey detached houses (numbered from 5 to 12, confusingly) dates to 1995, and launched at the equivalent of €220,000, and was built in the former grounds of the Georgian era’s Tramore House, one of the gentry, over-basement houses of Douglas, associated with the Reeves family.
Later generations of the Reeves clan sold in 1922, when it was acquired by the Presentation Order for a junior novitiate, and the order later established Coláiste Mhuire, with a boys secondary school opening in 1966 carrying on that name.
The school evolved into Douglas Community School in the 1970s, and in 1995 Tramore House was sold to developers Gable Holdings, who built eight big detacheds at Reeveswood, and about three dozen apartments and duplexes in the grounds .
A quality signifier back then, was (and as it is now) the retention of so many fine, venerable beech trees on Reevewood’s perimeter, and while one common green area shows signs of a recent storm-felled tree, there’s still a robust row of 100-year plus beeches, plus more recent beech hedge planting along the boundary with the main Douglas Road.
No 5 Reeveswood is a grand, tall brick-finished house with a jutting, part gable facade and a part-rendered apron on its front window bay.
Likely to be among the largest of the detacheds here, it stretches now to c 2,700 sq ft, with four/five oak-floored ground floor rooms and has a great interconnection between most, thanks to three separate sets of sliding, glazed ‘pocket’ doors which can retract out of sight, into the walls, when one great entertaining space is wanted.
In addition to that smart innovation, No 5’s occupants also, during their decade here, installed two sets of bi-fold doors for easy side and back garden access.
There are four first floor bedrooms of which two are en suite, and the top level has two more bedrooms, plus shower room.
Now vacant and starting viewings as a sort of blank, easy canvas, No 5 appears to need little more than a decorative freshening up, plus a bit of TLC and planting in the gardens.
VERDICT: Let the bidding commence.
Size: 2,650 sq ft
Pictures: Eddie O’Hare
© Irish Examiner Ltd. All rights reserved