Dublin 4: €12.75mHouses on Ailesbury Road are holding their value although not always selling as quickly as in the past, writes Orna Mulcahy

One of the large Victorian semi-detached houses on Ailesbury Road in Dublin 4 is on the market with an asking price of €12.75 million through Sherry FitzGerald.

The owners bought it a year ago for around the same price and are now selling it on for personal reasons, forfeiting the stamp duty in order to move.

The general slowdown in the property market is having its effect on leafy Ailesbury Road, where Albert and Kathleen Reynolds have yet to sell their similar redbrick at an asking price of €15 million. However, Simon Ensor, who is handling both properties, says that the top end of the residential market is proving "remarkably resilient".

Within the last year he has completed four off-market deals on Ailesbury Road at prices between €10.5 million and €16 million.

Most recently he sold another Ailesbury redbrick, number 61, quietly for around €15.5 million. Number 21 is on the sunny side of the road and has a long back garden ending in a coach-house that could be developed.

The house dates from the 1860s, and has fine interconnecting reception rooms leading off a grand hallway.

Altogether there is 460sq m (4,950sq ft) of living space, arranged as a five-bedroom house with a two-bedroom flat downstairs. Elaborate plasterwork has most of its period detail intact, such as elaborate cornice work, marble chimneypieces and tall sash windows with working shutters.

The coach-house in the garden can be accessed separately from a laneway ending in Ailesbury Wood, where modern houses are valued at around €5 million each.