€1 million price drop for well located property... DONNYBROOK €2.25m This four-bedroom house on Nutley Lane, which was extensively and expensively refurbished, has seen its price fall by more than €1 million EXACTLY ONE YEAR ago we carried a review of a house at 18 Nutley Lane in Donnybrook that had been bought as an investment with the intention of doing it up and sellling it on at a profit. The owners of the four-bedroom house purchased it in 2006, paid stamp duty at nine per cent, and spent several hundred thousand on renovations. In all, they probably spent in the region of €3.5 million. It went back on the market last November at €3.25 million, to snorts of disbelief from rival agents who were finding it difficult to shift property in the area for a good deal less. The price has been gradually dropping ever since, but the latest discount has landed number 18 at €2.25 million, a full million below its 2007 price. Selling agent Felicity Fox hopes this latest cut might tempt buyers w...
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