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Hot Property - Trading Down with Liz O'Kane 

Wednesday, 7 March 2007


Are you thinking of trading down your house, all the offspring have moved on to pastures new and your left in a big house with no one to fill the rooms, well have no fear property expert Liz is here with some hot property just for you.

Liz's challenge today is to introduce smaller houses and have €100,000 left from your bigger house to do as you choose with it.

Liz O'Kane - House Hunter
Liz is best known to viewers since 2004 as the enthusiastic, chirpy presenter/expert on RTE's productions of House Hunters and House Hunters in the Sun where she lends her expertise to property hunting participants.
Liz has recently joined The Afternoon Show as their resident home finder and will be presenting a weekly property slot attempting to find hidden gems and property bargains around Ireland!

Until recently Liz has written a weekly property column for the Evening Herald newspaper and also submits to several other publications including the House Hunters in the Sun magazine.  Liz is currently shooting the House Hunters in the Sun series which will air in January '07 and running her home finding business she is married to Rory an architect and has two children, Rossa aged 7 and Ellie aged 5.

The Property
Ballymore, Mullingar, Co Westmeath

Average price of a 4/5 bed roomed detached property in Mullingar is asking in the region of €450k.
But now you are down sizing your house and moving to a smaller home. In Usineach, Ballymore they have property now priced at €280K. Ballymore is approximately 19km from Mullingar or about a 20 minute drive. It is a small, quiet village in a scenic setting. It is an excellent village located mid-way between the thriving towns of Athlone and Mullingar and just 70 minutes from the M50. There are several shops; pubs, post office, school, community centre, GAA grounds, and a par 3 golf course. The beautiful shores of Lough Suedy are only 5 minutes from the village for boating/fishing enthusiasts.
Already completed and ready to go. Only 2 left. Excluding fees and removal costs, we have saved €170k.
This 3 bed detached house (2 remaining) consists of a large Living Room/Kitchen, Sitting Room, Utility & Toilet. Upstairs consists of 3 Bedrooms including Master Bedroom with Ensuite and Walk-in-Wardrobe, & Bathroom.
In addition there are no management company charges and stamp duty is not applicable to owner occupiers.
Ballymore, Mullingar, Co Westmeath
3 Bed detached house
3 Bathrooms
Price: €280k
For more information
Terry O'Brien of IOB Developments Ltd
Phone: 087 2263066.

Letterkenny, Co Donegal
The average price of a large family home (1,800 - 2,000 sq ft) on ½ an acre in Letterkenny, Co Donegal would be in the region of €350k.
Glen House,Rann Mor is a new development just 10 mins walk from Letterkenny town centre
3 bed semi detached houses @ 250k. No stamp duty for owner occupiers.
We have saved €140k which is left in the kitty!
Glen House, Rann Mor, Letterkenny
3 Bed semi detached house
Price: €250k
For more information
Sherry Fitzgerald Rainey - emailed for pic- should have three - at mo only 1-kitchen!
Phone: 074 9122211

Dunmore Road, Waterford
The average price of a large 4 bed, family home on the Dunmore Road, Waterford on 1/3 of an acre, depending on the condition of the property will from €650k onwards.
Dunmore East is one of the most beautiful coastal villages in Ireland with the beach, golf club, pubs and excellent restaurants all within walking distance.
The Fairways at Dunmore East Golf Club have 3 bed semi-detached properties @ €312k and 3 bed detached properties @ €386k. Walking distance to the village is a mere 5-6 minutes! Walking distance to the beach is also only 5 mins! Maintenance is very affordable and good value at €1,000 p.a. Golf club membership is at a reduced rate for owners of golf club properties. And you have saved €264k approximately left in the kitty to invest elsewhere!
The Fairways, Dunmore East, Waterford
3 Bed semi-detached
Price: €312
3 Bed detached
Price:  €386k

For more information
Purcell Properties,
Phone: 051 876514

Summerhill Grove, Portlaoise
The average price of a 4/5 bed detached home of around 2,000 sq. ft. in its own grounds in Dun Masc, on the Dublin Road is €420k. Summerhill Grove, Stradbally Rd, Portlaoise is now selling off plan asking €225k for a two bed town house and €265k for a 3 bed semi-detached home. It is 1 mile from Portlaoise town centre. No stamp duty for owner occupiers. Completion is set for the next 18 months, so loads of time to sell the original family home!
Best of all you have saved €155k which is left in the kitty for further investments or that world cruise!

Summerhill Grove, Stradbally Rd, Portlaoise
2  Bed town house
Price: €225k
3 Bed semi-detached
Price: €265k

For more information
Moran Auctioneers,
Lyster Square,
Phone: 057 8621379

Ballsbridge, Dublin 4
The average price for a 4 bed-roomed family home of 2,000 square feet in Ballsbridge, Dublin 4 would be priced in the region of €3 - €3.5 million.
This contemporary 3 bed mews is on the market asking €1.3 million. Built in 1995 it is contemporary and warm with rooms that are quirky and interesting. This is a practical modern home, perfect for down-sizing in the city and still in the same area you want be in. With stamp duty at 9%, an extra €117,000 is needed to turn the key of the door. Walking distance to town and some of the best restaurants in the city. Herbert Park on the doorstop and the buzz of Baggott street.
However, having sold the family for over €3.0k the cash for the kitty will be in the region of €2,083,000 if you're lucky enough!

Ballsbridge, Dublin 4
3 Bed Mews
Price: €1.3k

For more information
Sherry Fitzgerald
164 Shelbourne Rd,
Dublin 4
Phone: 01 2376300