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 Post subject: Re: Orwell Park, Rathgar As A Bell Weather of High-End Prope
PostPosted: Tue Nov 15, 2016 1:03 pm 
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Not quite Orwell Park, but Cairn are quietly selling their Marianella development around the corner off-plan at the moment. Cheapest 1 bed apartments starting from €395,000 rising to €1.6 million for 5 bed semi-d's.
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 Post subject: Re: Orwell Park, Rathgar As A Bell Weather of High-End Prope
PostPosted: Tue Nov 22, 2016 7:43 pm 
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SoCoDu wrote:
Not quite Orwell Park, but Cairn are quietly selling their Marianella development around the corner off-plan at the moment. Cheapest 1 bed apartments starting from €395,000 rising to €1.6 million for 5 bed semi-d's.
8DD


The development, when completed, will be quite substantial. It should have a major and largely positive effect, on Rathgar village. This will represent a large number of presumably reasonably well-off people all looking to buy products and services locally. The development should be worth at least several million annually to the local economy. So, it should be good news for existing restaurants and shops and could encourage others to open or expand.

If five bedroom semi-detached houses with small gardens are being bought for €1.6 million then what price a large detached or semi-detached house with a large plot size such as a quarter of an acre or larger on nearby Rostrevor Terrace, Orwell Road or Orwell Park?

I have always felt that developments such as these should be welcomed by existing residents as they generally benefit the area and cause the prices of existing houses to increase.

Any views?


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 Post subject: Re: Orwell Park, Rathgar As A Bell Weather of High-End Prope
PostPosted: Sun Dec 04, 2016 7:23 pm 
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Phase 1 of Marianella now sold out.

Downsizers, investors and desperate families.

Expect some of the bigger houses in Orwell Road, Park and similar areas to go on the market or be sold off market in the next year.


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 Post subject: Re: Orwell Park, Rathgar As A Bell Weather of High-End Prope
PostPosted: Sun Dec 04, 2016 8:17 pm 
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ChickenParmentier wrote:
Phase 1 of Marianella now sold out.

Downsizers, investors and desperate families.


For the record, these were the Phase 1 starting prices:
Large One Bedroom Apartments - From €395,000
Large Two Bedroom Apartments - From €470,000
Large Three Bedroom Apartments - From €675,000
Large Three Bedroom Townhouses - From €875,000
Large Five Bedroom Semi-detached Houses - From €1,500,000

Any 'desperate families' spending €875k+ for a starter home in there realistically had choices for their money in the area but opted for new build. Can't remember when they're due for completion even - certainly not in the immediate future (Spring/Summer 2017 maybe?).

Phase 2 launching March/April 2017.

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 Post subject: Re: Orwell Park, Rathgar As A Bell Weather of High-End Prope
PostPosted: Sun Dec 04, 2016 8:28 pm 
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IMO new developments in 'established areas' are nearly always worse value than buying second hand

I guess high spec including ber sways people, maybe I'm old school

Development round the corner looks great value compared to these, one at the far end of Orwell park

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 Post subject: Re: Orwell Park, Rathgar As A Bell Weather of High-End Prope
PostPosted: Sat Feb 04, 2017 12:01 pm 
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57 Orwell Park, Rathgar, Dublin 6

Asking price €2,500,000

https://www.myhome.ie/residential/broch ... -6/3853288

3,400 square feet on a quarter of an acre.

Given that the last two houses that were for sale on this road did not sell and were withdrawn, it should be interesting to see if this sells and at what price.

I believe it is being sold by people who are downsizing to the Marianella development close by.

It is difficult to compare prices on a road such as this with so many different property types.

This house belongs to two sets of semi-detached houses. According to the property price register, number 54, which is directly comparable in size at least, sold for €1.66 million over three years ago.

I think two of the same type of semi-detached houses were knocked-down and replaced with the three very large houses at numbers 51 to 53 which sold for over €7 million each in 2005-2006, excluding the 9% stamp duty that applied then.

So 10 years after the collapse of the bubble, prices on Orwell Park are still only a third of what they were at the peak.


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 Post subject: Re: Orwell Park, Rathgar As A Bell Weather of High-End Prope
PostPosted: Sat Feb 04, 2017 4:39 pm 
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ChickenParmentier wrote:
I think two of the same type of semi-detached houses were knocked-down and replaced with the three very large houses at numbers 51 to 53 which sold for over €7 million each in 2005-2006, excluding the 9% stamp duty that applied then.

I'm pretty sure there actually were no houses where 51-53 were built, it was just grass/an entrance road to the site behind, which I think was subsequently relocated a little further up the road. Those 3 houses are part of the overall Eugene Renehan development.

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 Post subject: Re: Orwell Park, Rathgar As A Bell Weather of High-End Prope
PostPosted: Mon Feb 06, 2017 9:31 pm 
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You are right.

Thu, Sep 20, 2007

http://www.irishtimes.com/life-and-styl ... m-1.963983

A large newly-built house on Orwell Park in Rathgar has sold for around €7 million through Lisney New Homes. The five-bed detached house is one of three being built by developer Eugene Renehan on an attractive site that includes an original house, and two further large new houses.

53 Orwell Pk, Orwell Rd, Rathgar, D6

New 483sq m (5,200sq ft) five-bed detached house. Sold: region €7m. Agent: Lisney New Homes

These are very large houses on relatively small sites. The site size of the three houses is the same as two of the older adjacent houses.


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 Post subject: Re: Orwell Park, Rathgar As A Bell Weather of High-End Prope
PostPosted: Tue Feb 14, 2017 7:15 pm 
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32 Orwell Park - now for sale at €2,500,000:

http://www.stokesproperty.com/residenti ... -6/3859063

This is the same price as number 57 but this has a north-facing back garden.

It was previously for sale €3,200,000:

http://www.independent.ie/life/home-gar ... 38810.html

So what does this say for properties at the higher end?


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 Post subject: Re: Orwell Park, Rathgar As A Bell Weather of High-End Prope
PostPosted: Tue Feb 14, 2017 7:48 pm 
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http://www.independent.ie/life/home-gar ... 38810.html

"...in genteel Rathgar, considered by some to be as much a state of mind as it is an address..."

:sick:


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 Post subject: Re: Orwell Park, Rathgar As A Bell Weather of High-End Prope
PostPosted: Sat Apr 29, 2017 12:08 pm 
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Three houses now for sale on a road of 70 houses.

10 years after the collapse and houses on the road are still 50% to 70% less than their peak prices.

Is 2.5 million the new 7.5 million?

https://www.myhome.ie/residential/broch ... -6/3963043

52 Orwell Park – though no for sale sign outside. Perhaps they were out of cow hide signs.

http://www.independent.ie/life/home-gar ... 00676.html

Quote:
Inside this €3.5m plush Dublin party pad with its own bar, sauna, steam room and Jacuzzi

The Nepal-born designer and popular Dublin socialite Virendra Rana is well known for his extravagantly rich furnishings.

These incorporate bold splashes of primary colours with distinctly eastern-tinged styling. His stated aim when opening Ginger Brown at Dublin's Clarendon Street was to "bring summer to Dublin all year round".

The millionaire designer is also known for his globetrotting lifestyle, with a string of properties in different countries. Virendra and his partner Michael have, for example, completed the multi-million euro restoration of a period villa at Cap Martin in the south of France, which has since been described as the Cote D'Azure's most desirable property for holidays and entertainment. When they're not in residence, it rents out for almost €200,000 per month. In 2008, they sold Killiney Hill House for €9m.

Having been based in Ireland for 14 years, Virendra is also known for his lavish parties and entertainment at home at the couple's plush 'Mockwardian' spread at 52 Orwell Park in Rathgar, Dublin 6.

The house was completed in 2007 as part of an upmarket pocket development of three homes designed to imitate, in all detail, the big red-brick Victorians and Edwardians that this street is known for.

The designer took the six bedroom home spanning more than 5,000 sq ft and has since transformed it into the perfect party pad for entertaining - all done in sumptuously rich furnishing and colours in what he calls a "boho eclectic" style.

This includes such touches as cowhide imitation wallpaper, chandeliers of imitation deer antlers, with Thai carved wood panellings, Clive Christian kitchen cabinets and classical Italian designed bookshelves. What is likely to be Dublin's biggest party pad, 52 Orwell Park comes with a plush garden summer house, its own bar, a sauna, steam room, Jacuzzi and a walk-in "shoe room".

The designer previously brought this house to market some years ago at a time when sales at the top end were just not sparking. It was taken off the market with a price of €2.8m and Virendra went back to the drawing board to reconfigure it.

In the intervening period, he has completed a lavish redesign of a home that was already sparking with eclectic colours, furnishings and centre design pieces.

The property is back on the market this week through Savills, which is seeking €3.5m.


32 Orwell Park - 2.5 million

https://www.myhome.ie/residential/broch ... -6/3859063

57 Orwell Park - 2.5 million

https://www.myhome.ie/residential/broch ... -6/3853288


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