THE PRICES of houses at Druids Glen golf club estate in Co Wicklow have been cut from between 11 per cent and nearly 50 per cent in an effort to sell them.
The prices of homes on golf course developments around the country are falling: a month ago, a group of investors in Doonbeg, Co Clare, cut prices, as did owners of some properties at the K Club in Co Kildare. The discounts on some of the exclusive golf properties were up to 50 per cent. Internationally, golf club homes are struggling to find buyers.
McInerney Homes launched the development of townhouses and four and five-bedroom homes at Druids Glen in 2006 at prices starting from over €800,000 for townhouses. The 400-acre estate between Newtownmountkennedy and Kilcoole, Co Wicklow, has a five-star Marriott Hotel and spa and leisure centre as well as of course the former Irish Open championship golf course.
Lennox Estates in Bray, Co Wicklow, is handling sales at Druids Glen. Three four-bed detached houses that cost €1.8 million are now €1.3 million, while a five-bedroom house that cost €2.3 million is now €1.8 million.
There are two townhouses left for sale, for €450,000 and €495,000. At this price, they don’t come with the Section 23 tax breaks that they did when they were for sale in 2007 at €899,000 or at €595,000 last November.
The homes come with a high-spec fitout that includes surroundsound, underfloor heating, central vacuuming and Travertine marble bathrooms.
Membership of Druids Glen golf club and a year’s free membership of the leisure club comes with purchase. Two showhouses will be open this weekend.
