With residential development sites in the south Dublin suburbs again in demand Knight Frank is guiding €350,000 for 0.77 of an acre with planning permission at Stocking Well in Rathfarnham.

The permission is for the development of 10 two-bedroom apartments and 10 three-bedroom duplex units.

Whoever buys the subject plot is expected to either proceed with the development immediately or seek alternative planning for a housing scheme.

Although zoning on the site allows for “new residential communities”, the planners will also consider a nursing home, retirement home, neighbourhood shop or local restaurant.

The site is within easy travelling distance of Rathfarmham, Dundrum and Knocklyon.

Stocking Well is located about 9km (5½ miles) from the city centre and one kilometre from the M50.