Starter home price for Cork townhouse generates huge interest

The townhouse in the city is a rare find in its price bracket

3 Electric Terrace, Albert Road, Cork

Victoria Rd, Cork
€295,000
Size	82sq m (883sq ft)
Bedrooms	2
Bathrooms	2
BER	C3

Starter home prices are rare anywhere close to Victoria Rd, but this renovated townhouse on Electric Terrace, at the city end, is in that bracket.

Upgraded by a husband-and-wife team, the 82 q m two-bed has been freshly painted and extended to the rear. A fully glazed back wall with apex window over French doors makes ‘light’ work of the kitchen/dining space, further illuminated by two large veluxes. Behind the kitchen, deeper into the house, is a small living room, with original fireplace and original clothes drying rack.

The best space is the extended kitchen area, with raised roof, which opens to a small, sunny courtyard, surrounded by planters. A neat utility provides storage.

Selling agent Niamh Smith, of Absolute Property Management Ltd, says the Victorian-era mid-terrace home, on Albert Rd, has generated huge interest.

“We are jammers busy, from families with kids starting college who are looking at it as an investment, to first-time buyers, to single moms,” the agent says.

It’s location — close to Cork South Docks, where building is due to start on c 100 apartments on Kennedy Quay — places this historic part of the city next to what is expected to become a new and vibrant neighbourhood over the next few decades, as part of a massive urban generation project. The price for this compact home is €295,000.

VERDICT: Solid investment potential. Would also suit a young professional looking to get on the property ladder in a sound location. City centre is just minutes away and there are cycle lanes to the Marina. Sonny’s Deli — a tasty take-out spot — is around the corner.