€470,000 Georgian now for €2.5 million !

A landmark Georgian building at the corner of Merrion Square and Clare Street in Dublin 2, sold at the depths of the property crash three years ago at a knockdown price and since largely restored to its original condition, is set to recover much of its original value when it goes on sale this week at over €2.5 million.

The four-storey over basement building with a unique conservatory at first floor level directly opposite the Mont Clare Hotel made headlines when it was sold in November, 2011, for a mere €470,000 – about one-tenth of what the main Georgian houses on the square had been making during the boom.

Irish Times Wednesday September 10th 2014