Kin­sale homes lead the price trend

Irish Examiner - Supplement - - KINSALE - Tommy Barker PROP­ERTY ED­I­TOR

Not for the first time in its his­tory, Kin­sale has bucked the trend in the prop­erty mar­ket.

How? By de­liv­er­ing new stock, up to and over 200 new units to a hungry house mar­ket, as well as show­houses — the lat­ter al­most un­seen since in any sales mar­ket since 2008 in and around Cork.

There’s three new de­vel­op­ments, quite re­mark­ably for a town of mod­est size, all within a walk of the cen­tre and har­bour, and one, Con­vent Walk, is vir­tu­ally on top of the town.

The Kin­sale ef­fect

The Kin­sale ef­fect is also rip­pling out to com­mu­ni­ties like River­stick, where new homes have re­cently been launched (well, in a re­launched scheme, af­ter be­ing bought out from re­ceivers, and with three-bed semi-ds priced from €225,000.)

The more up­mar­ket Clu­ain Mara devel­op­ment, up by the Ban­don Co-op store, spans 27 units and launched to some fan­fare over a year ago for Cen­tu­rion Homes, as­so­ci­ated with Dublin’s Claren­don Prop­er­ties. It’s now all-but sold out, via Sav­ills, with a de­tached 1,819 sq ft four-bed left at €490,000. Town­houses of 1,200sq ft sold around €295,000. On the first week­end of launch, in Spring 2016, 150 came to view.

In the separate scheme, the larger and broader Con­vent Gar­den, Evan O’Toole of Sav­ills also re­ported dozens at­tend­ing the most re­cent launch of the Har­vest Walk sec­tion last month, with three con­firmed sales of four-bed de­tached 2,100sq ft three storey homes priced at c €585,000.

Two more will be re­leased shortly for Cum­nor Con­struc­tion and next year there will be two more styles of de­tacheds, a very small num­ber of town­houses and the orig­i­nal con­vent is be­ing con­verted to apart­ments which are likely to be avail­able mid next year.

So far they’ve had two phases of three-bed town­houses so far in Rope Walk/Span­ish Walk phase 1, in­clud­ing two dif­fer­ent town­house units with prices rang­ing from €235,000 — €265,000, while phase two in­cluded three-bed town­houses on Span­ish Walk with sea views, with prices rang­ing from €295,000€325,000.

Sep­a­rately, the largest Kin­sale scheme in years will be the long-awaited Gan­non Homes’ Kin­sale Manor, de­signed by Wil­son Ar­chi­tects, and set be­hind the town, by the hos­pi­tal.

Paul Han­non of Sherry FitzGer­ald has been build­ing up a list of pre-regis­tra­tion names for the devel­op­ment 136 units at Kin­sale Manor, vis­i­bly ad­vanc­ing well on-site, and most in the first phase of re­lease will be semis, mostly three beds with some four–beds, and later on will be some de­tached four and five beds.

Al­though most likely to be in the mid to high €200,000s for the en­try level builds, no prices are yet in­di­cated for the A-rated new prod­uct. Buy­ers are ex­pected to span the gamut, from first timers to traders up and down and hol­i­day home hunters also, es­pe­cially from the Dublin area where the Gan­non brand is hugely recog­nised af­ter they’ve built close to 15,000 houses since 1984. Its flam­boy­ant founder Gerry Gan­non has been a Kin­sale af­fi­cionado for years, own­ing a lux­ury home by Charles Fort in Sum­mer­cove, as well as trad­ing in sev­eral Kin­sale bars.

A clean slate: New three story homes at Har­vest Walk, Kin­sale and part of the Con­vent Walk devel­op­ment have been sell­ing for around €585,000. The Nama-backed devel­op­ment by Cum­nor has fur­ther phases, of very con­tem­po­rary builds, yet to come.

Kin­sale has three new homes schemes on site cur­rently. The 27-unit Clu­ain Mara, above, is al­most sold out , while Gan­non Homes’ Kin­sale Manor wil launch the first of 136 new-builds, in Au­tumn.

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