€2 million drop in Killiney

CO DUBLIN: €1.45M: THE latest CSO figures suggest that Dublin house prices have dropped by around 46 per cent from the peak …

CO DUBLIN: €1.45M:THE latest CSO figures suggest that Dublin house prices have dropped by around 46 per cent from the peak of the market in 2007 but in the micro market of Killiney, Co Dublin, the drop appears to have been a good deal steeper.

Take Belfort, a large period house overlooking the sea at Strathmore Road, which has seen its price c ut by €2 million in just five months.

The six-bedroom house which comes with large gardens and a separate mews, was put on the market in February, asking €3.5 million.

The price was quickly droppecd to €2.5 million, but now a new estate agent, Lisney, has taken over the sale and it is now on the market at €1.45 million – “surely good value” according to Rory Kirwan, who is handling the sale.

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Belfort sits on an impressive site of just under an acre, on the corner of Strathmore Road and Killiney Hill Road, an easy walk to Killiney Dart station. The main rooms enjoy sweeping views of Killiney Bay. Home to the same family for over 25 years, the house is comfortable, well maintained and opulently decorated. With no less than 390sq m (4,200sq ft) of living space, with an additional 79sq m (850sq ft) in the two-bedroom mews, which was built in 1995, and could easily be rented out. Living space includes a two-storey conservatory, the ground floor of which acts as the entrance the house; a 22ft drawingroom and six double bedrooms.

Belfort, Strathmore Road, Killiney, Co. Dublin

Six bedroom house on just under an acre of grounds

Agent:Lisney