Site For Sale – July 2019

In July 2019, Foley Auctioneers advertised on behalf of Owr Construction the site as being for sale with “full planning permission granted for 4 Large Homes”.  See:

https://touch.daft.ie/meath/sites-for-sale/ratoath/fairyhouse-road-ratoath-meath-2189931

and

https://www.myhome.ie/residential/brochure/fairyhouse-road-ratoath-meath/4354603 

The adverts include two low-resolution photos, copied below:

A few immediate comments:

  • The planning permission is not marked as finalised on MCC website – although probably not a major obstacle
  • The asking price is multiple times the price paid by Gus Whelan, MD of Owr for the site.   [Will double check exact figures and update]
  • An extraordinarily high price for such small site – a peak of the market bubble with icing?!
  • Very huge premium compared to other local properties on larger plots.
  • Opportunity for local residents to contact potential buyers and explain our concerns over proposed plans