'High demand' as batch of new Limerick houses are sold in one day

Maria Flannery and Donal O’Regan

Reporter:

Maria Flannery and Donal O’Regan

An impression of the houses currently on offer from REA O’Connor Murphy. The sought-after houses are located at Sli na Manach in Mungret

An impression of the houses currently on offer from REA O’Connor Murphy. The sought-after houses are located at Sli na Manach in Mungret

THE LATEST phase of houses set to be developed at Sli na Manach in Mungret were all sold within a day of their launch, after a flurry of demand for the modern builds.

The sought-after development, close to Mungret College and the Crescent Shopping Centre, had a waiting list of nearly 50 when the agent held a pre-launch last week.

All five houses associated with the launch were sold on the day, and are expected to be completed by July. The three-bed semi-detached houses cost €285,000 and the four-bed semi-detached houses cost €325,000.

Another launch will take place on March 1, and Michael O’Connor of REA O’Connor Murphy is urging those interested to contact them as soon as possible to register interest.

“We had a database of enquiries so we had a pre-launch for those who had registered interest,” said Mr O’Connor.

“We are now launching the next phase, and we’ll probably release them in five or six units each time. The next group of houses to be released will be completed by the end of the year,” said Mr O’Connor.

The buyers for these modern family homes are mainly young couples and families, said the agent. They are located close to a host of amenities in Mungret, including several new schools and the new Mungret park. They boast a contemporary design with “high quality finishes”, and they are also advertised for their energy efficiency.

“There is quite high demand, so anyone who is interested should contact us at 061 279300 and we will go from there,” said Mr O’Connor.

The residential development of Sli na Manach already has approximately 50 houses, which were built and bought a number of years ago. The area enjoys an active residents’ association.

Meanwhile, another six houses have been sold in Templeville, Ballinacurra Road, Punch’s Cross.

Tom Crosse, GVM, joint selling agent with Joe Wheeler, of Wheeler Auctioneers, said only eight five bedroom semi-detached houses remain in the 44 unit new development. They are priced at €371,500.

All the four-bedroom semi-detached properties were sold first and now only eight five-bedroom are left.

Mr Crosse expects the final ones to be “snapped up quickly” due the level of interest at recent showhouse viewings.

He advised anybody thinking about purchasing to get in contact soon.

“There will be no phase two or phase three of Templeville. This is it,” said Mr Crosse.

Over 500 attended the launch last November with a number sleeping in their cars to ensure the home of their dreams. Auctioneers shook hands on €5 million worth of house sales in just one hour on a Sunday afternoon.

Built by Ballymount Properties, Mr Crosse said it is in the ideal location.

“Everything is on your doorstep - schools, Mary I, shops, pubs, Lime Tree Theatre, sports clubs, Crescent Shopping Centre and University Hospital Limerick,” said Mr Crosse.

The type of purchasers are a mix of young professional couples and older people scaling down from bigger houses.

Showhouse viewing is by appointment only.