Keane Mahony Smith expects to secure in the region of £9 million for a large residential site at Athlumney, Navan, which is for sale by tender on November 19th. The site has full planning permission for 303 houses, most of them three and four bedroom semis.

A price of £9 million works out at under £30,000 per site. Cathal McGinley, of the selling agents, says the site is one of the best to come on the market this year and is likely to attract a lot of interest given that there was no provision for social housing in the planning permission. The site was bought about 18 months ago by developers Bernard Carroll and Roy Begley.