MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
  • Mortgages
  • Property Report
MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
    • Mortgage Learning Center
    • Calculators
    • Best Mortgage Table
  • Property Report
    • All Properties
    • Houses For Sale
    • Apartments For Sale
    • Available To View
    • Overseas Holiday Homes
      • Properties For Auction
      • Upcoming Auctions
      • BER Assessors
      • Property Conveyancing Solicitors
      • Pre-Purchase Surveyors
    • Find Agents
    • All Properties
    • Houses To Rent
    • Apartments To Rent
    • Available To View
    • Share
      • Irish Holiday Homes
      • Overseas Holiday Homes
  • New Homes
    • For Sale
    • To Rent
    • Auction
      • Residential Land
      • Commercial Land
      • Farm Land
      • Farms
      • Sites
    • MyHome Living
    • Buyer Advice Hub
    • Property Report
    • Property Price Register
    • Price Changes
  • Mortgages
    • Rental
    • Holiday Homes
    • Commercial
    • Sharing
Advertisement
  • Home
  • Uncategorized
  • Partially completed Balbriggan estate to be auctioned next week
Uncategorized
Jul 18, 2013 - 14:44

Partially completed Balbriggan estate to be auctioned next week

The MyHome Newsdesk
By The MyHome Newsdesk
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share
Partially completed Balbriggan estate to be auctioned next week

A partly completed housing estate in Balbriggan in North County Dublin is to go for auction next week with a €750,000 guide price. According to the Irish Independent, the dwellings were completed and put on the market they could be worth €4m.

Known as Hampton Gardens, it is situated on a 7.3 acre site on the Naul Road, on the western approach to Balbriggan and consists of 11 houses and 40 duplexes and apartments which are substantially completed.

Up to 14 of the dwellings had been occupied by tenants until May of this year but after the receivers Kieran Wallace and Shane McCarthy of KPMG commissioned a survey of the compliance of the buildings, it was discovered that they did not comply with the fire regulations and the tenants were moved to alternative accommodation.

Another unusual feature of the development is that a developer could avail of a credit for up to €300,000 in development levies with Fingal County Council against funds already paid and works undertaken by the development company. The actual credit would be a matter for negotiation with the county council.

Advertisement

Loman Dempsey of selling agents Savills estimates that if the 51 substantially developed units were fully completed and made compliant, they could generate about €450,000 to €475,000 a year in rent on the basis of a two-bedroom apartment achieving a rent of €650 per month and a three-bedroom house achieving €1,000 per month.

On the other hand, if the 51 units were sold when completed and fully compliant they could generate about €4m on the basis of a modest average price of €78,430 each.

As well as the substantially completed units, the site also benefits from having all its internal roads completed and foundations have been laid for a further 23 houses.

Its planning permission would also allow for the construction of a further 33 houses, a further 39 three-and four-bedroom duplexes as well as an extra 35 two-bedroom apartments – or in other words, a total of a further 107 units. This permission is due to expire in November this year unless it is extended.

The land, which is located between St George's School and Millfield Shopping Centre, is also convenient to the town centre and the M1 motorway.

Advertisement

Joint agents are REA Cumisky and the auction will be held on Wednesday next July 24.

Subscribe to our weekly MyHome Living eZine today

Processing your request...

You are subscribed now!

<

  • Tags
  • auction
  • Balbriggan
  • Dublin
  • Kieran Wallace
  • KPMG
  • Naul Road
  • Shane McCarthy
The MyHome Newsdesk
By The MyHome Newsdesk
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share

Helpful Links

Find your home on MyHome
Read more Articles
Calculate what you can afford to borrow
Welcome to the Retrofit Hub
Advertisement
Advertisement

Related News

What is a Heat Pump?
Uncategorized

What is a Heat Pump?

Feb 27, 2025
Living Cities Initiative
Uncategorized

Living Cities Initiative

Jan 14, 2025
Digital Services Act
Uncategorized

Digital Services Act

Mar 31, 2024
Avant Money and Finance Ireland announce new rates
Uncategorized

Avant Money and Finance Ireland announce new rates

Dec 09, 2021
Average deposit of first-time buyer was €52,000 in first half of the year
Uncategorized

Average deposit of first-time buyer was €52,000 in first half of the year

Dec 07, 2021
Frequent And Popular Searches
MyHome.ie Blog
Help
Jobs
About
Equality Guidelines
Brand Safety
Contact
Terms & Conditions
Cookie Policy
Privacy Policy
Digital Services Act
Sitemap
© Copyright MyHome.ie 2025
Advertisement