A ready-to-go site for five large houses in Dundrum is quoting more than €1 million through O'Mahony Auctioneers.

The site, at Ballawley Lodge on Sandyford Road in Dublin 16, comes with permission for five three-storey 186sq m (2,000sq ft) homes each with internal courtyards, garages and terraces on the top floor.

This mature residential area – backing on to the Clonard housing estate and beside the Irish Management Institute offices – is within walking distance of Dundrum Town Centre and the Luas, and is also a short drive from the M50 and N11.

According to the agent, the 0.2-acre site with 18 metres of frontage may have potential – subject to planning permission – for a higher-density scheme.