Infill Clontarf site guiding €5m

Norabrook is a 1.7-acre site at intersection of St Lawrence and Howth roads

With the demand for family homes in popular Dublin suburbs at its strongest for years, agent CBRE expects particularly keen interest in an infill site with full planning permission for 18 large homes at 119 Howth Road, Clontarf, which is for sale by private treaty.

Peter Garrigan of CBRE is guiding €5 million for the 0.69-hectare (1.7 acres), equating to over €277,000 per individual house site. Completed houses are expected to go on the market for €980,000-€1.2 million.

The site, known as Norabrook, is located in an affluent residential suburb adjacent to the intersection of the St Lawrence and Howth roads. There is a derelict house on the site, which has 76 metres of frontage on to the Howth Road.

The area is particularly popular with families because of the wide range of sporting and leisure facilities available, as well as the wide choice of shops, bars and restaurants.

A five-year grant of planning permission from November 2014, provides for the development of 18 three-storey family homes: three four-bed detached units with study; eight four-bed semi-detacheds with study; and seven four-bed semis with study.

While most of the site is zoned “to protect, provide and improve residential amenities”, a small part of the land is zoned “to protect/or improve the amenities of residential conservation areas” in the Dublin City Development Plan.

Norabrook has been designed to be predominately red-bricked to blend in with adjacent homes. The scheme has been designed by architects McCrossan O’Rourke who have vast experience in the design of infill developments.

The engineering design element was undertaken by LMC Engineers, while the landscaping was handled by Ronan McDiarmada & Associates.

Mr Garrigan said that because of its location and size, Norabrook would give interested parties an opportunity to develop a prestigious residential scheme that would add to Clontarf’s reputation as one of Dublin’s premier residential addresses.

“Due to lot size and favourable planning permission,” he said, “we believe this trophy asset will appeal to both domestic and international bidders.”

Jack Fagan

Jack Fagan

Jack Fagan is the former commercial-property editor of The Irish Times