A SITE WITH planning permission for seven houses at Seafield Road in Clontarf, Dublin 5, will test the strength of the development land market in the area when it goes to auction on May 16th.
Campion Property Consultants has put its reputation on the line by opting for an auction after receiving a surprisingly large number of enquiries when it erected a sale sign at the entrance to the site.
The 1.65 acres at 18 Seafield Road in Clontarf was assembled by three parties who are now anxious to move it on.
Seafield Road is one of the most sought-after roads in Dublin 5 where some of the houses frequently sold at over €5 million at the height of the property market in 2006 and 2007.
Tadgh Campion of the selling agents said the site was ideal for development as a gated community or for a large nursing home.
The much reduced construction costs now available would obviously encourage developers to embark on a high quality housing scheme along one of the most exclusive roads in north Dublin.
