Backland Development - Shrewsbury Road

ibelieve · January 6, 2010, 8:23pm

What might these be worth if built

Planning Application Reference: 4568/09

Main Location: Walford, 24, Shrewsbury Road, Dublin 4

Application Date: 23 December 2009

BoyRacer · January 6, 2010, 9:53pm

timesonline.co.uk/tol/news/w … 749815.ece

According to Lisney, a Dublin-based estate agency, the average size of a home on Shrewsbury Road is about 6,500 sq ft. Lisney said that even in the current market, an average home on the street could sell in the “early 20 millions”.
One house on Shrewsbury Road, Walford, sold for €56m through SherryFitzGerald in 2005 at the height of the boom. That represented €13,750 per square foot. The last home on the road sold by Lisney was Belmont. The 10,000 sq ft property went for €30m in 2005.
Shrewsbury Road is quite a short street with only 23 numbered properties. It’s so highly sought after that once in, families seldom sell up. Residents include multi-millionaires such as barrister Dermot Gleeson, property developer Sean Dunne and cinema owner Paul Anderson as well as the Belgian and Finnish embassies.
“Very little has sold there in the last two years for obvious reasons,” said David Byrne of Lisney. “Two properties have recently been placed for sale there.”
Last week Colliers Jackson Stops brought Woodside, number 18 Shrewsbury Road, to market and is tendering the property on October 16. At 10,000 sq ft the property, owned by the Pharmaceutical Society of Ireland, would cost €2,500 per sq ft. SherryFitz-Gerald is selling 4 Shrewsbury Road by private treaty for €27.5m. At 5,000 sq ft, this works out at €5,500 per sq ft.

I’d imagine he’d be looking for €10 million if he could given very little property sells in the area, possibly look for €5 million a piece and offload the Walford main property for €15 million.

BoyRacer · January 17, 2010, 7:42pm

€58m house plan hit by social and affordable rules - Neil Callanan → tribune.ie/business/news/art … ble-rules/

Plans to develop new housing on the grounds of the most expensive house in the country, at Shrewsbury Road in Ballsbridge, Dublin 4, have been ruled invalid because the applicant did not comply with provisions for social and affordable housing.
A letter that was supposed to have been submitted with the application in relation to social and affordable housing could not be found.
The owners of Walford, which sold for €58m in 2006, were told that they had underpaid fees by €80 and that €699 was now due when a new permission was sought. They were also told that the description of plans for the site were “insufficient for the information of the public”.
Planning was sought to extend the house to more than double its size, and to build nine detached houses to the rear. The planning permission was sought by a vehicle called Matsack Nominees.

there is more

mr_anderson · January 17, 2010, 7:47pm

BoyRacer:

€58m house plan hit by social and affordable rules - Neil Callanan → tribune.ie/business/news/art … ble-rules/

Plans to develop new housing on the grounds of the most expensive house in the country, at Shrewsbury Road in Ballsbridge, Dublin 4, have been ruled invalid because the applicant did not comply with provisions for social and affordable housing.
A letter that was supposed to have been submitted with the application in relation to social and affordable housing could not be found.
The owners of Walford, which sold for €58m in 2006, were told that they had underpaid fees by €80 and that €699 was now due when a new permission was sought. They were also told that the description of plans for the site were “insufficient for the information of the public”.
Planning was sought to extend the house to more than double its size, and to build nine detached houses to the rear. The planning permission was sought by a vehicle called Matsack Nominees.

there is more

Its relevance is in direct proportion to the chances of the scheme going ahead.