Kinsale homes lead the price trend
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.