Hi,
I am pretty familiar with the area and I believe that €1M for a 4 bed detached in that development is off the wall. These guys in DNG are not familiar will real estate in Glounthaune if they think that they'll get that much. Did they indicate what sq. foottage the house is?
Also, so as you are aware, there is currently a raft of planning approvals and submissions for additional houses (approx. 300 houses - high density mix of apartment/townhouses/semis etc..) in this area and these will be beside or close to "The Woods". See here:
Lane Homes Demolition of existing dwellinghouse and construction of 39 no. residential units comprising of 4 no. semi-detached dwellings, 8 no. townhouses, 18 no. apartments and 9 no. duplex apartments and all associated site works - This is located adjacent to "The woods" and is APPROVED
O'Mahony Developments: Residential development of 256 no. dwelling units comprising of 22 no. terraced dwellings, 59 no. semi-detached dwellings, 20 no. detached dwellings, 72 no. own door duplexes and 83 no. apartments, a creche with outdoor play area, community centre, multi-use games area, neighbourhood play area, 5 no. local play areas, landscaped buffer zone along northern boundary and all ancillary site works and services to include surface parking, refuse stores, associated landscaping, internal roads and 1 no. vehicular site access - This is half way between "the Woods" and the Elm tree pub. - This is in the process of APPROVAL
So, more houses will be available in Glounthaune and "The Woods" is certainly not one of the more desirable locations.
To give you an idea of what I am talking about is that there is a 1750 sq ft 3 story house recently on the market in Cois Chuain (finsihed in the last 2 years) and has been sold last week for the asking of €680K. This is an elevated location with views of the harbour and a more desirable location than "The Woods". See here:
[broken link removed]
Don't give up hope on this because there is definetly still value in Glounthaune if you look around and not get caught up with the roadside bannered, fancy named marketing hype!
marble