Wicklow County Council has refused plans for an expansive 95-home development at a site in Ballyraine Upper, Arklow, after receiving a raft of objections from third parties, including a collective of residents from a neighbouring estate.
The strength of appetite among developers and investors for lands suitable for residential accommodation within Dublinâs commuter belt was firmly evidenced with the recent sale of a 99-acre site in Arklow, Co Wicklow.
Having been brought to the market last October by FinÃn OâDriscoll of Knight Frank at a guide price of â¬1.95 million, the lands have just been acquired by an Irish builder for â¬3 million. The price paid represents a premium of 54 per cent on the amount sought by the selling agent.
Located at the southern end of Arklow town and to the west of Arklow Golf Club, the lands are zoned under the Arklow & Environs Local Area Plan 2018-2024 for a mix of housing (39 acres), employment (22.6 acres), shops (two acres) and education (9.76 acres).