Appleton Property Market Update: Laurel Wood & Hillcrest
As the traditional property season unfolds, Austin Egan at Appleton Property is examining market activity in some of our local areas in Kilcullen and beyond. This week we are looking at Laurel Wood & Hillcrest in Kilcullen. Previous articles were on Castlemartin and on Cnoc na Greine, with more to follow in the coming weeks.
Laurel Wood is an extremely popular development on the Naas Road in Kilcullen. Built by GaryAron homes c. 2003 the properties have a BER rating in the C range, with upgraded homes now coming to market with a B rating. The development has one row of houses facing Naas Road with the remainder positioned around a large green area. The site is elevated and backs onto Castlemartin Stud Farm with many of these homes having lovely mountain views. It is not possible to drive straight through the development, all traffic entering must turn and exit on the same road. This is a good feature for traffic management, safety of children and security of the residents. Hillcrest, which is adjacent Laurel Wood is also a smaller development with a mix of house types, two storey and dormer. It was built in the same timeframe as Laurel Wood and is very conveniently located near the shops on Hillside, Kilcullen.
Since October 2022 there have been four homes brought to market in Laurel Wood. Appleton Property listed and sold three of these four homes. Of these three, we listed number 54 first. It was a B rated three-bedroomed home with external insulation wrap and new boiler with a quintessential Irish bar in the block built shed to the rear. This property had a B energy rating and set a new bar in the development with a price of €339,000. We then sold number 42 Laurel Wood in a three week timeframe coinciding with the severe low temperatures at that time. Number 42 was a former rental property and sold for €330,000 which was equal to one of our previous sales, the highest price achieved at that time. In the new year we listed number 36 Laurel Wood, an exceptional home with many quality fixtures and fittings, with new windows, boiler and a B energy rating. This property was agreed very swiftly and again outperformed previous sales in the area.
Meanwhile, in Hillcrest which bounds Laurel Wood we brought another beautiful three bedroomed semi-detached home to market. This property also has a B energy rating with new boiler, new windows etc. This property achieved a new price for Hillcrest at €340,000, the highest price to date in the Hillcrest development for this house type.
Also of relevance here, new homes at Cairnhill Meadows are all but sold out, with one three bed semi detached remaining and one dormer home remaining. The show house is now also sale agreed.
Of note here is the property conditions. All the above four properties performed exceptionally well with a very short lead time to agreement. All these properties were on the market less than 4 weeks. All of the above properties were in turnkey condition with little or no additional investment required. The market responds very well to properties that are ready for immediate occupation. The trend in Kilcullen in the first quarter of this year continues upwards given the high demand and very low supply. Kilcullen is an extremely popular location with a very limited housing stock. We always have people listed with us seeking property of various types in the town and surrounding areas. Properties when listed with Appleton Property sell quickly. We are always looking for new property listings.
Property valuations for sales purposes are free of charge and without obligation. We would be happy to visit your home and advise on the value of the property, the sales process and make recommendations regarding the presentation of the property for sales purposes. Call us on 045 482759, 087 1311133 anytime to arrange a flexible appointment.
Austin Egan MIPAV, Appleton Property. (Austin is a long standing member of the Institute of Professional Auctioneers and Valuers in Ireland, (IPAV), and is a Recognised European Valuer (REV) as per The EU, Mortgage Credit Directive.)
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