EBS Blogs and Videos
Category:

How to buy your first home in Wilton, Co. Cork

Woman working at a fruit and vegetable stall in Wilton, Cork.

28 Feb 2017

Posted in: 

 

Wilton is one of Cork city's busiest and most bustling suburbs, and at its very hub and heart is one of the country's largest hospitals, the sprawling CUH campus – for many years dubbed the 'Wilton Hilton'.

 

Across the road from the hospital is one of Munster's biggest shopping centres the Wilton Shopping Centre, which is next to a public library and the Cork HQ of the ESB.

The Wilton suburb/catchment is within a walk of each of Cork's two major third level college campuses, UCC and CIT; the colleges have almost 40,000 students, and 4,000 employees, and very many of that number live, rent or buy in the area for sheer convenience.

In February of 2015,  Daft.ie lists just 13 Wilton houses for sale; Myhome.ie has six listed with a Wilton address. Broaden the search criteria to Bishopstown, Glasheen and Togher, and numbers go to 40 extra homes on Daft.ie, and 30 more on Myhome.ie.

Housing options around Wilton

Wilton's a long-established residential suburb, with homes built in the 20th century, the majority from the 1950s to the 1980s; after that, viable building land got scarce as subsidence is an issue in parts.

Latter-day builds are of greater heights and of higher density too than in previous decades. These homes are characterised by apartments and townhouses, the last encompassing both types was Garrane Darra by Eagle Valley, practically a decade ago.

Right now, you can buy two-bed apartments around Wilton for over and under €100,000, three-bed from over and under €200,000, and four-beds from the low €200,000s to closer to €400,000 for older stock, with bigger gardens. One of the stronger sales in the last six months was in nearby Merlyn Lawn, Bishopscourt, where a large four-bed is on the National Property Price Register at €416,000.

 

EBS_Wilton_apartments

On the outer/rural fringes of Wilton, lofty Lehenaghmore has managed to see new home building right through the downturn, the only city site to do so. Builders Ruden Homes have built over 400 houses, in sections like Mathew Hill/Manor Farm/Coolkellure, selling several dozen a year*.

A constantly-on-the-go suburb, Wilton is five kms south-west of the city centre, with the south city ring road/N40 scything through its heart, by Sarsfields Road, upgraded recently with a flyover/dual carriageway: it is the busiest road outside of Dublin, and 2013 changes brought considerable relief and easier access/through traffic at Wilton.

Varied attractions in Wilton

Forming Wilton's northern fringe is Cork University Hospital, or CUH. This town-sized campus has 1,000 beds, employs 3,500 persons and deals with over 100,000 patients a year.

As an example of a whole-life suburb, the adjacent maternity hospital, CUMH, delivers 16,000 babies a year while, at the other end of the spectrum, many thousands of Cork's citizens have been buried in St Finbarr's Cemetery, since the mid-1800s.

EBS_Wilton_Cork_buying_first_home

In between those two life extremes, there's shopping. One of Munster's largest retail centers, the 65-unit Wilton Shopping Centre with anchors Penneys and Tesco opened in Wilton in 1979, and was redeveloped in 2003. There are plans for a total redevelopment of the shopping complex.

For decades, Wilton has been a place as popular with home-buyers as with renters, and that's meant a wide mix of housing, and ever-evolving supply, although little new homes have been built here in the past decade.

For residents, there's a huge range of services and amenities on the doorstep, from starting out years to when offspring head to college.

EBS Wilton - assisting home buyers

Wilton EBS branch manager Graham Conway has plenty of home-hunters in good jobs right on his doorstep, including doctors, nurses and other staffs in the CUH, but there's very little in the immediate area for any of them to purchase.

EBS_Wilton _mortgage_advice

Instead, they are looking in Bishopstown, Ballincollig and beyond, up in Lehenaghmore, while first-time buyers can find a selection in Eagle Valley, with its mix of semis and terraces. Anyone paying €900/€1,000 a month in rent can afford to buy around the €220,000 mark, Mr Conway indicates and FTBs he meets are looking in the €175,000 to €250,000 range.

His average loan in 2014 was €221,000, Graham notes, adding he has dealt successfully with both EU buyers and non-EU nationals, who have long term (Stamp 4) immigration status.

Here's a quick snapshot of the housing market in Wilton

Most prestigious addresses

Wilton Road itself is the place to go for bigger homes of an older era, as well as being closest to the city centre and to UCC/Bons Secours hospital. Those closest to Bishopstown/CUH are good too, as are those homes close to and off the Glasheen Road. Beyond, Forest Ridge and Fernwood toward Togher, and Spur Hill is a good source of up-market one-offs.

Most up-and-coming addresses

Lehenaghmore is good for new and energy efficient housing. For capital recovery, around the Glasheen Road is a good bet, as older housing stock is starting to turnover after a generation, and many are being brought back to private occupation.

Buyers bargains

If the lifestyle suits, apartments around Wilton are great for sheer purchase value. Older housing stock needing work off Sarsfield Road is good value too for owner-occupiers.

Best for commuting

Wilton has a good bus service, especially around the CUH, and the south city ring road has eased access too for car-borne commuters. Glasheen Road end makes a walk to town/city centre manageable.

Thinking of buying a house in Cork?

Before you go house hunting it's a good idea to get your mortgage arranged – or at least discussed so you know where you stand.

If you're buying a home in Cork why not book your 30 minute mortgage meeting now with Jerry or one of the team at Unit 44, Wilton shopping centre, Co Cork? (Tel: 021 – 4542622) You can use our mortgage calculator or find out more by checking out our First Time Buyer or Next Time Buyer Guides.

EBS_Wilton_applying_for_mortgage

You can also pay us a visit on our Facebook page for more great house-hunting tips, home living advice, or just for some general merriment!

JJH Financial Services Limited trading as EBS Wilton is a tied mortgage agent acting solely on behalf of EBS d.a.c. EBS d.a.c. is regulated by the Central Bank of Ireland.

The content of this blog is expressed in broad terms and is limited to general information purposes only. Readers should always seek professional advice to address issues arising in specific contexts and not seek to rely on the information in this blog which does not constitute any form of advice or recommendation by EBS d.a.c.

EBS d.a.c. neither accepts nor assumes any responsibility in relation to the contents of this blog and excludes all warranties, undertakings and representations (either express or implied) to the fullest extent permitted under applicable law.

House Prices taken from MyHome.ie accessed March 2015.

*If we mention celebrities, we're not saying they love us. They secretly might, but it doesn't mean they endorse us.

Back to Blogs