Dream homes attract one buyer
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.