It’s with interest that we note a price drop on Shrewsbury Road this week.
Number 11, Fintragh, which came to the market through Knight Frank last October asking a heady €10.5 million hailed itself as the last of the truly “worth it” properties on the Dublin 4 road because of its 0.7 acre site and preferred aspect on the sunny side of the street.
On Tuesday the price fell to €9.7 million and it will be interesting to see if the new price attracts a crowd.
While there has been interest in the 530sq m (5,700sq ft) property owned by the Assaf family since 1987, the keenest offer – which is understood to be from a UK-based buyer keen to purchase a family home – still came in well below the €9 million mark.
About six years ago Pennyvale, the Assaf’s investment vehicle, tried to secure planning permission for embassy use for Fintragh but was refused on the grounds that it was an unsuitable development in a conservation area.
One of the more strident objections came from the then owner of number 9 next door, solicitor Anne Neary. Since then number 9 has undergone an expansion and refurbishment worthy of an Arab prince.
Any successful buyer will need to invest heavily in Fintragh to modernise it and at least bring it up to the lavish aesthetic standards that now seem to have become the norm on this most salubrious of roads.
