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Locked Down but not Locked Out as Demand for Residential Development Sites Remains High

SOLD: Ready-to-go Development Site, Downings North, Prosperous, Co. Kildare

Locked Down but not Locked Out as Demand for Residential Development Sites Remains High

Coonan Property alongside DNG Doyle recently recorded a sale of property by Private Treaty for a sum in excess of its asking price of €1,800,000.  This highly successful sale shows how strong the market is currently, particularly for residential development sites in the greater Dublin area.  

The site, which has planning permission for forty-nine new homes, is c. 6.84 acres (2.77 ha) and represents an excellent opportunity for residential development.  The homes will be a mix of 2, 3 and 4 bedroom properties and the lands are close to an abundance of local amenities.  Location of the site is within walking distance of Prosperous and also has superb access to public transport and the M7 and N4.

Demand is high for new homes and the market is strong for sites with a ready to go planning permission.  We look forward to seeing this development rise.

Will Coonan commented after the sale that “Quality new builds are still very much a priority for people and the market for development land is reflective of this”.

For further information please contact Coonan Property on 01 – 6286128 or willc@coonan.com

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