Three properties rich in history and oozing presence and character show the value that is available in a Donegal property market that has not recovered from the crash.
Estate agent and auctioneer, Ger Ó’Riain, said that the latter of the three properties to hit the property market, Glenleary Cottage in Ramelton, has ignited a frenzy of activity on the company website. The stunning property is home to a garden which has been bestowed with gifts from Henry McElhinney and artist Derek Hill amongst other dignitaries. “Glenleary Cottage going on the market has caused quiet a stir,” Mr. Ó Riain said. “We have been inundated with inquiries about it. It is an amazing building surrounded with stunning gardens which are wonderfully ornate. The former landlord of Glenveagh, Henry McElhinney, gifted the beautiful garden with South American cabbages and the artist Derek Hill conferred the garden with a beautiful weeping birch. The former owners of the home utilised the garden to it’s strength all year around.”
The five bedroom home boasts underground heating and two large reception rooms, a gamesroom, an inhouse cinema, and a hot tub amongst many other amazing features. “This is arguably one of the best properties to come onto the Donegal property market for quiet some time,” he said.
The Letterkenny based company are seeking offers in relation to this property in excess of E250,000 . At the height of the boom the property could have been sold for around one million euro according to the well-known businessman.
The Millhouse at Ballyare in Letterkenny has also come onto the market recently. “This is a beautiful period residence set half a kilometre from the road, it has three bedrooms, two reception rooms, a kitchen and dining room. This wonderful home is surrounded by an ornate wall garden which boasts many stunning features, one of which is a small waterfall which babbles all year around. This estate has always been kept in the highest of repair. Whoever buys this property will greatly benefit from an additional feature which is a granny flat to the rear. The property also houses stone slated sheds which could ideally be used as workshops or studios. Up until very recently it was the centre of one of the country’s largest trout fisheries. In essence this property could become the centre of a number of thriving industries,” he said.
The property is now on the market with a price tag of E210,000 euro. “This would have been sold for considerably more money at the height of the boom and it offers buyers and investors huge potential,” Mr Ó Riain said.
The third property which has attracted huge interest on the property market is on the exclusive Golf Course Road in Letterkenny. Two beautiful three bedroom apartments based in a restored nineteenth century church is sure to captivate the imagination of the creative minded and those who wish to invest. The restoration of the building was subject to a television documentary when it was originally done. The first has two bathrooms, kitchen, sitting room, office and utility room. It has views over the Swilly estuary and is surrounded by mature deciduous trees. All of this is just a five minute walk from Letterkenny Golf Club and a few minutes drive from Letterkenny.
“There is huge interest in these apartments. The church was originally Church of Ireland and is made up of three apartments. The church was deconsecrated three to four decades ago and has since been redesigned. The apartments are based in a mature much sought after location. The Golf Course Road homes have great views over the Swilly but it has to be said that this property boasts one of the finest views. The environs are stunning and seasonally changes. The property is a mere four minute walk from the golf club and extremely close to the bustling town of Letterkenny. The larger apartment has a wonderful nineteenth century feel to it while the latter is more contemporary. I would advise people that they are very much worth viewing,” he said.
The larger apartment would have sold for E460,000 euro at the height of the boom, Ó Riain auctioneers are now looking for offers in the region of E120,00. The smaller apartment is being sold for offers in the region of E80,000.