West Cork’s Blue Flag seaside Inchydoney is having a post-covid property ‘second within the solar’ — a dated, chalet-style bungalow overlooking the seaside has acquired a bid of over €1m.

JCB diggers and hard-hatted builders look more likely to be a part of the well-known seaside’s bucket and spade brigade if the sale of a 1,100 sq ft home, which wants a revamp, close to the resort goes by after latest days of frenzied bidding.

The essential situation Laguna, used as a vacation house by a Cork metropolis household for 30 years, solely went to market in mid-February with a €545,000 information. 

Laguna. Image: Sherry FitzGerald O’Neill

Brokers Sherry FitzGerald O’Neill admitted it was laborious to worth given no latest comparable gross sales.

Bidding began at underneath €430,000 however rose to €1.15m after practically 70 bids, with three events remaining at or over the €1m mark by mid-week, a mixture of Irish and abroad, and most with hyperlinks to the beach-blessed space close to Clonakilty, an hour from Cork metropolis and airport.

Regardless of its big and still-growing reputation, no Inchydoney property has come close to the €1m worth level till now.

Laguna bungalow. Image: Sherry FitzGerald O’Neill

There’s been little or no provided there since covid: a high-end three-bed dormer on Dunmore Highway wanting over Inchydoney got here to market final week for €950,000; a two-bed residence by the four-star resort and spa made a outstanding €490,000 final 12 months, and the interval Inchydoney Home on the again of the island solely made €650,000 in 2013, however has had hundreds of thousands spent on it since.

Even the resort website itself was a fraction of what diminutive Laguna is at present being bid to, and others who personal vacation and full-time properties right here in what’s certainly a particular spot (suppose Kinsale values proper now at €1m a website?) will watch agog, and maybe able to observe go well with on this tidal surge in values.

Laguna bungalow. Image: Sherry FitzGerald O’Neill

In actual fact one’s already on the way in which: a completely upgraded stunner very near Laguna and on a bigger website, with the identical view, is anticipated to be a spring arrival within the €1.6m to €2m worth bracket. 

With clearly well-heeled home Inchydoney island hunters already lively on the bottom, that one will likely be a walk-in job, in sandals, for summer season 2023.

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