€12m for two Malahide sites with permission for 46 houses

Two sites on Seamount Road in Malahide, Co Dublin, with planning permission for 46 detached houses and the potential to increase that figure to 60, goes for sale today at a guide price of €12 million. At that valuation, site costs would work out at €200,000 per house.

Selling agents Cushman & Wakefield says the larger site of 2.54 hectares (6.27 acres) has full planning permission for 46 detached houses, 11 of them three-beds and 35 four-beds. The second site of 0.80 of a hectare (1.98 acres) will initially serve as a construction access for the first 46 houses.

The selling agents estimate that the houses, with an average floor area of 179sq m (1,930sq ft), should be valued between €750,000 and €1 million.

The two sites are located on an elevated site off Seamount Road, offering superb views across part of the village and the Malahide Estuary. The sites are 1km from Malahide train station, 5km from the M1 motorway and 8km from Dublin Airport.