Dream homes at­tract one buyer

Au­gust 2009

Wicklow People (West Edition) - - NEWS -

Imag­ine your dream home in a de­vel­op­ment of 17 lux­ury houses fin­ished to the high­est stan­dard in the cen­tre of Bray. Sunken baths, five bed­rooms, three sto­ries, and a cin­ema room. ‘Last­ing el­e­gance and all the con­ve­niences of mod­ern life,’ would read the brochure.

Now imag­ine the other 16 houses are un­fin­ished and empty. That is ex­actly what lies ahead for the one buyer who has agreed to pur­chase one of the Wyvern man­sions lo­cated to the rear of the Civic Plaza. Work be­gan a num­ber years ago on the exclusive de­vel­op­ment, with a pro­posed price-tag of €1.4 mil­lion. The own­ers have now ad­justed that price to ‘circa’ €1 mil­lion and buy­ers are still not flood­ing in. The Vic­to­rian-style ter­raced houses are truly mag­nif­i­cent, taste­ful and the epit­ome of op­u­lence. A gran­ite and mar­ble mon­u­ment to the na­tion­wide col­lapse of the prop­erty mar­ket.

The ar­chi­tec­ture and ex­te­rior de­sign of Wyvern re­flect the im­pres­sive pe­riod build­ings to be seen all over Bray on streets such as Prince of Wales Ter­race, Dun­cairn Ter­race or Strand Road and ev­ery house­hold gets two spa­ces in the un­der­ground car-park. In­side, the rooms are spa­cious, the ceil­ings high, the master bed­room enor­mous and com­plete with an en­vi­able walk-in wardrobe.

The first res­i­dent of the elite de­vel­op­ment has un­doubt­edly se­cured the new home at a good price, and will pos­si­bly en­joy hav­ing no neigh­bours to speak of – given that the com­mu­nal lawn in front of the homes spans al­most an acre.

‘They are sell­ing slower than we an­tic­i­pated,’ agreed HJ Byrne’s John Doyle, the agent for the prop­er­ties.‘ It re­flects what is hap­pen­ing with the en­tire res­i­den­tial mar­ket which is un­der stress.’

He said that the buyer, whether they wish for neigh­bours or not, has se­cured a ‘great bar­gain,’ and has pos­si­bly weighed up the ben­e­fit of buy­ing a brand new home rather than a prob­lem­atic pe­riod house.

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