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Development in carpenterstown//laurel lodge?

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  • 25-10-2009 9:50pm
    #1
    universeo
    Registered Users Posts: 15 ✭


    Hi all!

    Just wondering if anybody knows what is being built in the green spaces near the laverna area of carpenterstown? There are blue temporary walls surrounding a spot on the 'green ' and also at the end of a laverna road. I presume the council owns the land. Finding it a bit strange that they would start building houses now and not back in 05/06.


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    #2
    BostonB
    Closed Accounts Posts: 18,056 ✭✭✭✭BostonB


    Thought that weird too. Lot of building going on aswell.


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    #3
    bf
    Registered Users Posts: 978 ✭✭✭bf


    They are building 4 houses on the green at laverna & then 2 end of row houses further up the road. Council doesnt own this land, it was retained by the builder


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    #4
    BostonB
    Closed Accounts Posts: 18,056 ✭✭✭✭BostonB


    Bad timing on his part. Having said that, good locations, and not many new houses in the area for sale.


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    #5
    bf
    Registered Users Posts: 978 ✭✭✭bf


    Plenty of houses selling in the area at the moment (albeit at much lower price levels), one round the corner from me was sale agreed in a week.

    The reality is if the builder has owned the sites for 10 years or more they are probably debt free, to build them now will costs no more than €120k per unit - sell them for €350k - €400k and its a nice chunk of cash in hand


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    #6
    Degsy
    Banned (with Prison Access) Posts: 16,397 ✭✭✭✭Degsy


    bf wrote: »
    The reality is if the builder has owned the sites for 10 years or more they are probably debt free, to build them now will costs no more than €120k per unit - sell them for €350k - €400k and its a nice chunk of cash in hand


    Unless they're absolute mansions he wont be getting 400k for them..those days are gone.


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    #7
    BostonB
    Closed Accounts Posts: 18,056 ✭✭✭✭BostonB


    bf wrote: »
    Plenty of houses selling in the area at the moment (albeit at much lower price levels), one round the corner from me was sale agreed in a week.

    The reality is if the builder has owned the sites for 10 years or more they are probably debt free, to build them now will costs no more than €120k per unit - sell them for €350k - €400k and its a nice chunk of cash in hand


    Where are the other new houses?


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    #8
    bf
    Registered Users Posts: 978 ✭✭✭bf


    No other new houses in the area I'm aware of?

    Don't know if they are going to be 3/4 or 5 bed but if they are 4 bed or bigger they should easily make the €400k mark I would think


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