PRICES are back on the march in Cork’s suburban and high-end Hettyfield: but, they are still are a long way short of boom-time levels of €1m and even €2m asking prices and sales.
Sq m 308 (3,300 sq ft)
Best Feature: Location
A house which serves to illustrate the rise, and fall, and pick-up again may be Glen House, a detached corner-set Hettyfield home which is back up for sale this month, after years of corporate let use.
Location always drove interest in this setting, by the Well Road and Douglas village, and now too adding to the expected sales fray is the office campus and employment boom at City Gate in Mahon, a short commute from the Well Road, and which includes the Mater Private clinic and law firm RDJ among the sizeable IT firms.
Despite the last eight years of economic turmoil, the Hettyfield/Well Road quadrant has seen several €1m-plus houses built, or rebuilt.
Hettyfield’s Glen House last sold at peak market prices in 2006, going past its then-€1.6m asking price to make €1.7 million when sold by its medic owner who was downsizing, with fortuitous good timing.
Within a year, Glen House was extended, had a front, south-facing sun-room/orangerie put on, and its interior was gutted, brought up to a far higher spec; then, it went back for sale guiding €2 million for its purchasers, who had a niche operation in taking on corporate lets. But, no takers.
Glen House was unsold, and so was offered again in 2010, at €1.3 million. Again, no takers, though it was let at times to the corporate sector for as much as €3,500 per month.
Now, it’s just had a freshening up once more, and is back for sale with Cohalan Downing guiding an eminently surpassable €725,000, with confidence clearly back in the market.
Just across the road, a detached smaller home called Glencorran, on a smaller site (the vendors kept half the garden there to build on) made €655,000 earlier this year with Sherry FitzGerald.
Sherry Fitz also had a dated Hettyfield semi-d nearby for sale, lately under competitive bidding but a decision was taken to it take it off the market due to some unresolved issues.
And another corner sited Hettyfield home, the 1,900 sq ft upmarket three-bed called Corrin, is currently under offer with Jeremy Murphy Associates at €500,000, shy of its €520k guide when featured here as House of the Week three weeks ago.
At its guide now, with offers over €725,000 sought by Brian Olden and Malcolm Tyrrell of Cohalan Downing, there is little doubt that this property will attract quite a lot of viewing traffic and interest.
Location is 100 metres off the Well Road roundabout by Woodview, where a run-down 3,600 sq ft 1920s house on large, 1.5 acres of ground called Curraghbeg sold earlier this year, for €2.3 million, via Savills.
The size of that site was what drove the substantial interest in that property.
In contrast, Glen House is fresh, and is in move-in condition, albeit the house is on smaller grounds, which are mostly to the front of the property as another house was built on its back garden over a decade ago.
The Glen House site is private and well-screened,with an internal fit-out that is well above standard.
With premium grade American oak floors and quality carpets, as well as bathrooms done in Celtic Tiger times, with mentions in the sales brochure of Villeroy and Boch sanitary ware, marble and travertine finishes, Farrow and Ball painted solid wood kitchen units, etc, this property ticks the boxes on quality. It now just needs a family feel.
It has 3,300 sq ft in all, and the largest rooms are the 25’ by 11’ living room, with oak floor and the 25’ by 11’ attic room/den, and next biggest is the slender 9’ by 25’ sun-room, with central pitched roof glazing.
Bedrooms are doubles, but none are very large, with a 16’ by 12’ master suite, with double power shower.
VERDICT: There’s value here now; at the guide viewing will be strong, and bidding hot and heavy.
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