Receiver cuts apartment prices by 66%

 

NEWBRIDGE FROM €110,000:High-spec two-bed apartments in the commuter town of Newbridge, which has good road and rail links to the capital, offer good value for money, writes JACK FAGAN

The homes in Capella Court at Langton Cross were originally priced from €322,000 when the development was first launched in September, 2007.

Ten of them are currently occupied and the remainder have been completed to a particularly high standard, according to David Brown of selling agent HT Meagher O’Reilly.

The homes are being sold on the instructions of a receiver after the 63-apartment scheme ran into financial difficulties.

The fact that today’s asking price is 66 per cent lower than the original 2007 price illustrates how deeply values have fallen in some provincial areas. Prices in the Dublin suburbs have dropped generally by around 40 per cent and in a few instances by up to 50 per cent.

There are three different apartment types in Capella Court, the smallest with a floor area of 66sq m (710sq ft) and priced at €110,000.

A larger apartment with 72sq m (775sq ft) will cost €115,000 while another with 81sq m (872sq ft) is available at €125,000.

The three apartment buildings are set around a landscaped courtyard with a basement car-park. There is a controlled entrance to the site.

Most of the homes are dual-aspect and all of them have attractive kitchens with stylish floor and wall tiling.

Each apartment block is served by a lift and there are no more than three apartments per landing.

Newbridge has excellent transport links with Dublin, including a regular train service to and from Heuston Station. A great many commuters also use the M7 motorway to the city.

Capella Court, Langton Cross, Newbridge, Co Kildare

Twenty two-bed apartments with a high-spec

Agent: HT Meagher O’Reilly