Compound interest: Co Wexford property with three houses on 2.5 acres for €895,000

Compound living is big in the UK and the US, where well-heeled owners can have family or friends to stay or cohabit, just not in the same building, a place where there is a house for everyone, to allow for living in harmony.

It makes a lot of sense, and for buyers who have been kept apart from loved-ones during the pandemic the opportunity to be close at hand – but not on top of each other – has become really valuable.

Le Havre, located 8km south of Gorey, is a 2.5-acre property where there are three four-bedroom houses, all within 500 metres of the beach at Roney Point.

The property comprises a main house of about 137sq m (1,475sq ft), where there is oil-fired central heating. This has a D1 BER.

In addition there are two other smaller properties each extending to 90sq m that have electric heating. Of these, one has a D1 BER and the other a D2 rating. All three are detached and have their own septic tanks. They share a tennis court and there is also an artist’s studio cum workshop that can be subdivided so that each of the smaller houses has its own outhouse, or could, subject to planning permission, be further developed.

Further upgraded

The houses were built circa 1999 and could be further upgraded and extended to give someone a really luxurious second home. For those considering leaving Dublin for pastures greener, it could also offer a rather fabulously-located escape to the country with a built-in income stream.

The site, which is asking €895,000 through agents Warren Estates, will also be of interest to developers interested in building a hotel with facilities and possibly self-catering units on the site, all subject to planning permission.

Riverchapel, where the very well-stocked Brooks supermarket is located, is about 3km away.