ALL eyes are on Adamstown in Lucan today in the wake of the new measures announced for first-time buyers in this week’s Budget.
The first phase of a 177 new home development is being launched today by joint Agents Savills & Leahy Residential on behalf of developer Castlethorn Construction. The launch of the ‘Alderlie’ development comes just three days after the Government announced a Help-to-Buy scheme for first-time buyers.
According to David Browne, Director of New Homes at Savills, demand for these three and four-bed units will be stronger than initially anticipated following the initiative by the Government.
“All eyes will be on ‘Alderlie’ and the speed at which these units sell following the introduction of the new home tax rebate,” Mr Browne said. We already had significant interest before the budget, so we expect this initiative to heighten demand even further.”
Adamstown was designated an SDZ (Strategic Development Zone) in 2003 by South Dublin County Council. An SDZ is governed by mandate which ensures that comprehensive and pre-specified social and physical infrastructure and amenities must be delivered in tandem with housing. Much of this infrastructure has been delivered at Adamstown, including a train station, a crèche, two primary schools, a secondary school and a neighbourhood shopping centre.
To date, around 1,400 homes have also been constructed.
Three-bedroom houses in ‘Alderlie’ are priced from €270,000, with four-beds from €345,000. Alderlie is launching this Saturday and Sunday and showhomes will be on view from 1pm to 4pm each day. In addition, they will be open 2-4pm from Monday to Friday next week.