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 Post subject: Re: Orwell Park, Rathgar As A Bell Weather of High-End Prope
PostPosted: Sat Oct 24, 2015 10:05 pm 
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Joined: Mar 6, 2013
Posts: 137
52 Orwell park is up for sale €3,200,000
http://www.myhome.ie/residential/brochu ... -6/3356521


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 Post subject: Re: Orwell Park, Rathgar As A Bell Weather of High-End Prope
PostPosted: Sat Oct 24, 2015 10:09 pm 
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bonbe80 wrote:
52 Orwell park is up for sale €3,200,000
http://www.myhome.ie/residential/brochu ... -6/3356521


Presented without comment.

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 Post subject: Re: Orwell Park, Rathgar As A Bell Weather of High-End Prope
PostPosted: Sun Oct 25, 2015 12:55 pm 
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Joined: May 9, 2011
Posts: 803
Skippy 3 wrote:
bonbe80 wrote:
52 Orwell park is up for sale €3,200,000
http://www.myhome.ie/residential/brochu ... -6/3356521


Presented without comment.


Was featured in the IT a couple of weeks ago. It's when East meets West apparently or wait of it ... "Boho eclectic" according to Madeleine Lyons or aka BS! I think it would be very hard to have any sort of expectations for anything Neo-Victorian or any type of reproduction.

http://www.irishtimes.com/life-and-style/homes-and-property/new-to-market/east-meets-west-on-orwell-park-in-rathgar-for-3-2m-1.2382395


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 Post subject: Re: Orwell Park, Rathgar As A Bell Weather of High-End Prope
PostPosted: Wed Nov 25, 2015 11:09 am 
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bonbe80 wrote:
52 Orwell park is up for sale €3,200,000
http://www.myhome.ie/residential/brochu ... -6/3356521


Reduced 400k (12.5%) to 2.8m
http://www.myhome.ie/residential/brochu ... -6/3356521

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"Sitting on the sidelines, cribbing and moaning is a lost opportunity. I don't know how people who engage in that don't commit suicide." - Bertie Ahern, 4/July/2004
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 Post subject: Re: Orwell Park, Rathgar As A Bell Weather of High-End Prope
PostPosted: Thu Jan 14, 2016 3:20 pm 
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Joined: Apr 27, 2014
Posts: 431
So Orwell Park really is proving to be a bellwether of higher-end poperty prices.


52 Orwell Park

Was for sale for €3.2 million. Then dropped to €2.8 million.

http://www.irishtimes.com/life-and-styl ... -1.2382395

Now disappeared from Myhome and Daft and the sign is gone from the house.


32 Orwell Park

Was for sale for €3.2 million.

Now disappeared from Myhome and Daft and the sign is gone from the house.


53 Orwell Park

This is very similar to 52 above.

This was for sale initially in 2010 for €4.25 million. Then dropped to €3.9 million before being withdrawn from sale in 2011.

http://www.collapso.net/Sale-Property/s ... ?id=559929

There is an old brochure for this lurking in a Myhome directory:

http://photos.myhome.ie/media/0/5/9/368 ... 012pgr.pdf

So even after five years, its sister house apparently cannot sell for €2.8 million.

So what is a realistic value for these houses?


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 Post subject: Re: Orwell Park, Rathgar As A Bell Weather of High-End Prope
PostPosted: Thu Sep 08, 2016 11:21 am 
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Posts: 1648
ChickenParmentier wrote:
So Orwell Park really is proving to be a bellwether of higher-end poperty prices.

32 Orwell Park

Was for sale for €3.2 million.

Now disappeared from Myhome and Daft and the sign is gone from the house.

Now on a price drop to 2.975m
https://www.myhome.ie/residential/brochure/32-orwell-park-rathgar-dublin-6/3262949


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 Post subject: Re: Orwell Park, Rathgar As A Bell Weather of High-End Prope
PostPosted: Sun Sep 25, 2016 4:11 pm 
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Speculator

Joined: Apr 27, 2014
Posts: 431
The quite ugly development at the The Weir, 59 Orwell Park, Rathgar, Dublin 6 has finally been completed. The deep red of brick colour does not match that of the adjacent houses.

There are clerestory windows to the size of the development to eliminate the adjacent houses being overlooked which must affect the light in the properties.

The apartments and townhouses are all for rent rather than sale, apart from two apartments that are not listed by the agent.

See:

http://www.daft.ie/dublin/houses-for-re ... n-1677177/

http://www.daft.ie/dublin/apartments-fo ... n-1677171/

Apartment to Rent 2 Beds 2 Baths €3,300 Monthly
House to Rent 3 Beds 3 Baths €3,500 Monthly

The letting agent is http://www.ryanestateagents.ie/. He lists 8 townhouses and 6 apartments. There is no mention of the remaining two 4-bed apartments in the planning documents.

Built by Townlink Builders - http://www.townlink.ie/news/59-orwell-p ... r-dublin-6.

There were various planning applications for the site:

09-Dec-2003 Brian M. Durkan & Co. Ltd. 27 no. apartments

24-Mar-2005 Brian M Durkan & Co Ltd 21 no. apartments

21-Dec-2007 Clydewell Investments Ltd & Irwin Druker 8 apartments and 8 townhouses

06-Jan-2014 Fiona Hanby 8 apartments and 8 townhouses (including two 4-bed apartments)

Fiona Hanby was a director of Clydewell Investments Limited 263341 that went in receivership on 11/11/2014.

Fiona Hanby was also a director of Clydewell Orwell Development Limited that was dissolved on 06/04/2016. Its last annual return filed on 30/09/2013. The last account details filed on 09/10/2013 do not list any assets.

The Irish Times had some articles that were suspiciously like the original post:

http://www.irishtimes.com/life-and-styl ... -1.2115448

Quote:
Fiona Hanby, wife of solicitor Paul Hanby, has broken ground on an apartment and townhouse development at 59 Orwell Park. The one-acre site was formerly occupied by a small lodge house, which was demolished in recent years. In total the development will contain eight apartments, eight townhouses and 32 parking spaces.

The largest units will be duplex penthouses extending to 317sq m and 322sq m, each offering multiple reception rooms and four bedrooms. Both penthouses will rival their period Orwell Park neighbours in size and are likely to be the largest apartments in the area. Similar to the market for Renehan’s new development, the apartments will likely appeal to locals downsizing and young couples alike. Upon completion of Hanby and Renehan’s developments, Orwell Park will be home to approximately 185 private dwellings in total – a fourfold increase from the 45 period homes that once occupied the street before modern infill developments sprung up in the 1980s and 90s.


http://www.irishtimes.com/life-and-styl ... -1.2108205

Quote:
Twelve years after the initial planning application was lodged, development of the one-acre 59 Orwell Park site is finally under way. In 2003, Brian M Durkan & Co acquired the site and, having secured planning permission, subsequently flipped it in 2006 to Clydewell Investments and auctioneer Irwin Druker. Clydewell’s shareholders included solicitor Paul Hanby along with four other Hanby family members. Clydewell never developed the site, and company records show that Grant Thornton was appointed as receiver of the company in November 2014 by AIB. The latest planning applications were applied for in the sole name of Fiona Hanby, stating her legal interest in the site as “freehold interest” – suggesting ownership has changed again.

The apartments currently under construction are suitably large for this top-class address, with six two-bed apartments ranging in size from 104sq m to 128sq m and two lavish duplex penthouses extending to 317sq m and 322sq m, each featuring 55sq m of terraces and balconies. In addition to the apartments, there will be eight townhouses, each 139sq m in size.

Few apartments in south Dublin will rival these new Orwell Park penthouses in size and quality, but there is no indicator yet as to pricing or who is handling their sale.

Perhaps Fiona Hanby might even consider retaining one of these very fine penthouses, now that the family home on nearby Temple Road is surely worth north of €5 million once again based on recent sales in the area.


Based on the asking prices, the development has a total potential annual income of around €570,000.

The total cost of the site and the construction and fees given the complexities of the site was probably over €8 million.

To justify the rate of return, it must have been funded largely or totally from cash.

So, what does the all rent approach say for the high-end property market? What is the likely market for these properties: downsizers looking to retain cashflow from a propery sale, corporate lettings?


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 Post subject: Re: Orwell Park, Rathgar As A Bell Weather of High-End Prope
PostPosted: Sun Sep 25, 2016 4:23 pm 
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Joined: Feb 1, 2008
Posts: 2816
Location: God's Country
Skippy 3 wrote:
bonbe80 wrote:
52 Orwell park is up for sale €3,200,000
http://www.myhome.ie/residential/brochu ... -6/3356521


Presented without comment.

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A dirty protest? In Dublin 6??
Who knew


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 Post subject: Re: Orwell Park, Rathgar As A Bell Weather of High-End Prope
PostPosted: Sun Sep 25, 2016 7:33 pm 
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Speculator

Joined: Apr 27, 2014
Posts: 431
Inis Man wrote:

Presented without comment.

A dirty protest? In Dublin 6??
Who knew


What sort of fashion troglodyte are you? Don't you know that cowhide is trendy?

http://www.zillow.com/blog/top-home-des ... 15-166522/

I bet you still have an iPhone 4 and shag toilet seat covers?


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 Post subject: Re: Orwell Park, Rathgar As A Bell Weather of High-End Prope
PostPosted: Sun Sep 25, 2016 7:44 pm 
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Posts: 16964
Location: To the right of the decimal place
ChickenParmentier wrote:
I bet you still have an iPhone 4 and shag toilet seat covers?


What he does to his toilet seat covers is his business.

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 Post subject: Re: Orwell Park, Rathgar As A Bell Weather of High-End Prope
PostPosted: Sun Sep 25, 2016 8:20 pm 
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Posts: 1818
:lol:


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 Post subject: Re: Orwell Park, Rathgar As A Bell Weather of High-End Prope
PostPosted: Mon Sep 26, 2016 12:40 pm 
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Single Home Owner

Joined: Mar 6, 2013
Posts: 137
ChickenParmentier wrote:
The apartments and townhouses are all for rent rather than sale, apart from two apartments that are not listed by the agent.
See: http://www.daft.ie/dublin/houses-for-re ... n-1677177/
http://www.daft.ie/dublin/apartments-fo ... n-1677171/
Apartment to Rent 2 Beds 2 Baths €3,300 Monthly
House to Rent 3 Beds 3 Baths €3,500 Monthly


:o jesus 3300 for a 2 bed apartment ! who is their target rental market?


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 Post subject: Re: Orwell Park, Rathgar As A Bell Weather of High-End Prope
PostPosted: Mon Sep 26, 2016 1:53 pm 
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Joined: Jan 28, 2013
Posts: 1336
bonbe80 wrote:
ChickenParmentier wrote:
The apartments and townhouses are all for rent rather than sale, apart from two apartments that are not listed by the agent.
See: http://www.daft.ie/dublin/houses-for-re ... n-1677177/
http://www.daft.ie/dublin/apartments-fo ... n-1677171/
Apartment to Rent 2 Beds 2 Baths €3,300 Monthly
House to Rent 3 Beds 3 Baths €3,500 Monthly


:o jesus 3300 for a 2 bed apartment ! who is their target rental market?


"We need to get property prices up another bit"


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 Post subject: Re: Orwell Park, Rathgar As A Bell Weather of High-End Prope
PostPosted: Mon Sep 26, 2016 4:39 pm 
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Joined: Feb 21, 2012
Posts: 2193
Location: South Dublin
ChickenParmentier wrote:
The apartments and townhouses are all for rent rather than sale, apart from two apartments that are not listed by the agent.
See: http://www.daft.ie/dublin/houses-for-re ... n-1677177/
http://www.daft.ie/dublin/apartments-fo ... n-1677171/
Apartment to Rent 2 Beds 2 Baths €3,300 Monthly
House to Rent 3 Beds 3 Baths €3,500 Monthly

Was surprised to see them up for rent - but was even more surprised at the interiors. Bog standard interiors lifted straight from a budget 3-bed semi in Commutersville, Co. Meath. :shock:

Where are the bleached oak parquet floors?
Where is the calacatta gold marble?
Where are the rose gold fittings?!

They're simple and clean but not couldn't call them high end.

bonbe80 wrote:
:o jesus 3300 for a 2 bed apartment ! who is their target rental market?

Probably half of Dublin at this stage! 2 beds @ €3,000 per month have become and all too common sight.

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 Post subject: Re: Orwell Park, Rathgar As A Bell Weather of High-End Prope
PostPosted: Tue Sep 27, 2016 10:02 pm 
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Joined: May 12, 2012
Posts: 1817
They are quite spectacular asking rents given that they are not particularly convenient to Luas or retail or employment.

They do fill a rare niche in Dublin which is new-build rental. I guess there are some with preferences for this as well as willingness to pay.


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