Prices fall by 66% in Mount Juliet

HOUSES at the prestigious Mount Juliet Estate are guiding for 66% less than they did during the boom.

Number 12 Walton’s Grove, a 217sq m (2,350sq ft) three-bed split level house on the 12th fairway, is for sale for €500,000 through Savills. In 2006 a similar property sold for €1.5 million.

“The profile of buyer has changed. Before people were buying these types of house as second homes or holiday homes. Nowadays, because of the competitive pricing it is more of a local market which in itself plenty of benefits,” said auctioneer David Ashmore

Meanwhile 3 South Paddocks, a three-bedroom townhouse overlooking the golf course and paddocks, is for sale through Colliers for €360,000. The same property would have sold for around £250,000 in the 1990s and for €700,000 in 2006.

Colliers is also handling the sale of 6 South Paddocks, which went for sale by receiver in September for €360,000.