A GEORGIAN mansion on 12 acres in Gorey, Co Wexford is on the market for €950,000 – over 70 per cent less than the highest bid it attracted at auction at the peak of the boom, although the sale subsequently fell through.
Hyde Park in Inch, Gorey, Co Wexford sold under the hammer in 2007 for €3.25 million although the sale didn’t complete. The property was relaunched on the market in April this year for €1.6 million, before the current price drop to €950,000. Marcus Magnier of Colliers Jackson-Stops says the price is pitched at this level because it is an executor sale. The reduced asking price underlines the significant slippage in the value of even high-quality country properties.
The property comes with an impressive package including traditional outbuildings and six additional cottages, some of which are let out as holiday homes. The imposing two-storey over basement house was built in 1803 to a design by Richard Morris, the architect of Ballyfin House in Co Laois.
Colliers Jackson-Stops say that the house, which has been on the market for three years, is in “pretty good condition”, although a new owner will probably want to upgrade it in parts.
Approached via a long avenue through woods and parkland with views of Tara Hill, the house has some fine original plasterwork by James Talbot. The entrance hall has a dramatic cantilevered stairwell with a skylight cupola rising to a galleried landing.
There are a number of reception rooms at Hyde Park, including a diningroom with a large bow wall and a white marble mantelpiece, a drawingroom with a panelled ceiling, a fireplace with fluted grey marble mantelpiece and an arch to the kitchen. There’s also a livingroom with a large French window.
To the rear of the house there’s a lofted courtyard with two converted houses, four stables, a loose box, coach-house, workshop and a large store room. One of the houses is a three-bed, the other a four-bed.
In a second yard there’s a three-bedroom stone cottage, a one-bedroom coachman’s cottage and two timber built semi-detached houses of around 186sq m (2,000sq ft). Around seven acres of the grounds are mature woodland.
