Winter Ville is cheap at the (€235,000) price for Sunday's Well
2 Winter Ville, Winter's Hill, Sunday's Well
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Sunday's Well, Cork City |
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€235,000 |
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Size |
85 sqm (915 sq ft) |
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Bedrooms |
3 |
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Bathrooms |
1 |
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BER |
D2 |
AN ADMIRABLY fast turnaround time — as tightly choreographed as a Ryanair flight – saw this Sunday’s Well townhouse exit a transformation process in the space of just three months.
Having sold in November for €175,000, No 2 Winter Ville on Winter’s Hill underwent numerous invasive procedures before returning to market spruced-up, improved, and ready for its next owner.
The way things are going, you’d never know who might swoop – it’s becoming a bit of a thing for companies/institutions to snap up houses for workers/students.
Just last month, Ryanair confirmed it’s buying 25 homes for cabin crew staff in north Dublin, while the University of Limerick was in the headlines last weekend on account of spending €12.58m on 20 houses.
The figure breaks down to a whopping c. €630,000 per bog-standard, student-accommodation unit.
The type of investors who might fancy Winter Ville for staff could include the likes of tech giant Apple, whose doorstep the townhouse is on, or the Tyndall Institute, which is a five minute stroll downhill.
Individual investors will be looking at rental income of c. €1,700 per month, based on a real estate agent’s appraisal when it was up for sale last November, although it’s likely that figure could be revised upwards for Winter Ville Mark 2, the new and improved version of the Sunday’s Well home.
(For those curious about the “then” and “now” versions of the house, it’s still online from its November outing, pre-makeover.) The list of works undertaken to improve No 2 is extensive: New external doors, new double-glazed sash UPVC windows, repairs to the front and rear walls, stripping and re-roofing of the bathroom and utility, installation of Kingspan insulation in the new felt roof and on the exterior wall, new sanitary ware in the bathroom — including whipping out a bath and installing a double shower — installation of a heat recovery fan in the bathroom, and re-wiring and re-plumbing of both bathroom and utility.
The chimney was re-capped and re-pointed, the plumbing was refurbished with all new radiators, and Aluthermo Quattro insulation was installed over 9” rockwool insulation in the attic. The insulation work did result in an improved D2 energy rating, not bad for a house built in 1890, although not good enough to allow a buyer to qualify for green mortgage rates.
The real ace up No 2’s sleeve though is the location, in the lower reaches of Sunday’s Well, 400m off Blarney St (pedestrian access only) and a mere hop, skip, and a jump from North Mall — where a choice of bridges over the River Lee’s north channel will take you straight to Cork city centre, the Mercy University Hospital, UCC, or the Tyndall.
Selling the 85 sq m three-bed property is Tirza Hourihan, of Sherry FitzGerald, and she says there’s scope to turn a large attic into a home office “or additional living accommodation if required”. Existing living space includes a living room, kitchen/dining area, utility on the ground floor, as well as a shower room.
Out front is a re-painted timber deck, with a westerly aspect, enclosed by wrought iron railings.
As Winter’s Hill has no great through-traffic (mainly residents), it’s a nice spot to catch any evening sun. There’s no lawn, ergo no maintenance, and just a small yard to the rear.
Ms Hourihan reckons No 2 will attract both investors and potential owner/occupiers. Her guide price is €235,000, reflecting the work done since last November.
Low maintenance, cityside property, ideal investment opportunity or starter home.
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