House price rebound has been strong in Cork inner suburbs in the years since the slump, as home hunters seemingly favour city accessibility and commutability over youthful age, good BER’s, and techie trimmings.
Size: 99sq m (1,070sq ft)
Case in point is a spot like Browningstown, a network of 1940s and 1950s built homes between well-settled and suburbanised Ballinlough and Douglas, where sales have always proceeded apace.
Back six years ago, resales of this older housing stock fringing neighbouring estates South Lodge and Hettyfield had dipped into the €200,000s, and even under €200k in a few cases.
By last year, the bounce-back due to ongoing demand saw three sales sub €340,000, and the top one at €382,500, and by 2016 resales were €350/380,000.
One called Glencree, in top class order but still a modest 1,100 sq ft, sailed past a €365,000 asking price to sell for €415,000.
And, that’s the sort of price level at which Fairview gets launched at, guiding €410,000 by the same Sherry FitzGerald agents, though it’s a different type of proposition.
Fairview, aka No 77 Browningstown, is a well-kept, but quite original era home with three bedrooms and just under 1,100 sq ft, but its value is fully underpinned by its site: it’s very large.
No 77 has extra space to the side, and back especially: you could extend all day long, and still not use up all the space on the side.
VERDICT: The site’s stand-out
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