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Adare property most expensive sold to date this year in Limerick

Knockanes in Adare which has sold for �475,000 in Feb 2014

Knockanes in Adare which has sold for �475,000 in Feb 2014

  • by Anne Sheridan
 

OVER €11 million worth of properties have sold in Limerick city and county since the start the year, the latest figures from the Property Price Register reveals.

In January, there were over €6m worth of sales from 52 properties, and over €5.1m was spent in February, with 38 properties sold. The figures are in line with sales a year earlier, showing no drop-off in sales a year on.

The most expensive to sell to date this year is Knockanes in Adare, which sold on the last day of February, for €475,000, down from €495,000.

The four-bedroom, six-bathroom home on spacious grounds on the Woodlands Road includes a family room, drawing room, dining room, and newly redesigned kitchen.

Despite the slowdown in the property market, properties in picturesque Adare continue to lure buyers, with No 42 The Village in Adare Manor selling for €425,000 in December last.

A five-bedroom property – No 8 The Demense in Adare Manor – is one of the few properties in Limerick with a price-tag in excess of €1m.

The property is on the market for €1.4m through Sherry Fitzgerald agents in the city.

Described as having “the wow factor”, it includes three spacious reception rooms, a lavish kitchen, cloak room and study downstairs, while up stairs boasts five large bedrooms four with en-suite, two with walk in wardrobes and a generous main bathroom.

The cheapest property to sell in February was an apartment in Fitzhaven Square on the South Circular Road for €21,500.

Over €12.4 million worth of houses sold across Limerick city and county in December, down 36% in the number of sales on the previous year.

The property website Daft.ie currently lists some 2,600 properties for sale in Limerick.

Of those, just 79 properties are priced at €470,000 or above, 40 are for sale at €500,000 or more, and only 13 properties are priced at €700,000 or more.

See propertypriceregister.ie for details of the sales of all houses nationwide entered in the register from 2010 onwards.

An auction of property from across north Munster will take place in the Strand hotel on April 3, with up to 25 lots going under the hammer.

The list of properties is available on www.reaoconnormurphy.ie.

 

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