Ranelagh cottages hit ¤1,000-plus per sq ft
Wondering where the priciest piece of residential real estate is in south Dublin at the moment?
Smart money has to be on Lansdowne Place, the new Joe O’Reilly-led luxury apartment scheme in Ballsbridge on the site of the former Berkeley Court Hotel where not-yet-built apartments are commanding more than ¤1,000 per sq ft.
Finished to a deluxe standard more often associated with premium schemes in Manhattan or London, the two beds are commanding anywhere from a million euro upwards.
But this is only in the ha’penny place compared with a recent sale in Dublin 6.
In May we flagged a little one-bed cottage in Ranelagh beside Sandford Park School, and by little we mean tiny, at 25sq m/270sq ft. Number 8 Colliers Ave, described as a “a quaint cottage full of character and charm” came onthe market with an asking price of ¤220,000 through Sherry FitzGerald. By September it had sold and it recently listed in the residential Property Price Register with a sale price of ¤304,000. That’s a full 38 per cent above the asking price, and works out at ¤1,125 per sq ft.
It’s a lot of money for a walk-in one bed, with a tiny porch into the main kitchen/living/ dining space and a double bedroom to the rear. But clearly Colliers Ave represents hot property at the moment. Since we wrote about number 8, four properties have sold on the same small cul-de-sac. Number 5 with 54sq m/581sq ft was asking ¤350,000 through DNG and appeared sold for ¤365,000 in May. In August, number 4, a tasteful refurb of 86sq m/ 926sq ft sold for ¤580,000 on an asking price of ¤525,000. Then in recent weeks, number 7 a two bed of 45sq m/484sq ft seeking ¤350,000 through agent OMD, appeared sold for ¤450,000, a full 28 per cent above the asking price, coming in at ¤930 per sq ft.
Is there something on Colliers Ave we don’t know about?
Number 8 Colliers Ave, Ranelagh: listed in the residential Property Price Register with a sale price of ¤304,000