West Cork Property – Renovating old buildings
In your quest for property in West Cork, you may find that sites are a lot more difficult to obtain than houses are. Sites with planning permission, that it. Getting a field is no problem; they are as numerous as the stars in the sky – well, not quite, but they are very plentiful. Getting one with full planning permission is a difficult task in West Cork.
The alternative that many people are turning to is to go down the renovation route: You purchase a house in a nice location and you proceed to renovate and improve so that it looks like your dream home. Here too, it can be difficult nowadays to find a good renovation property at the right price. They are an increasing rarity and something rare costs more (simple economic rules of supply-and-demand apply). They are more rare than they once were because demand generally for property is much higher than it was in, say, 1990. Also, people in Ireland who own such ruins have long since learned to appreciate the value of such properties. So, instead of leaving them there waiting for someone else to buy, renovate and sell on, they have tended to get a loan, renovate the property themselves and sell it on to make a juicier profit.
A renovation property such as this one in a prime location such as Ballylickey is sure to achieve a nice price, because in such a location you will always have a good supply of buyers. Another good example – and coincidentally listed at the same price – is this property in Adrigole. It’s value is in the fact that it’s private, has a sea view and comes with a good quantity of land.
Renovating old churches is something that is hard to resist. This property is in the million-euro league but it’s the position (Glengarriff is one of the most sought-after spots around here) and the thoroughness of the renovation work (not to mention the unique historical attributes of the property) that give it its value.
Harringtons – Estate Agents Bantry – 027 51553
Specialising in West Cork Property in Bantry, Glengarriff, Beara, Sheeps Head and surrounding areas
