Shrewsbury Road

Shrewsbury Road (/ˈʃroʊzbriː/, /ˈʃruːzbəriː/; Bóthar Sriúsbaire in Irish) is a street in Dublin, Ireland, and was the sixth-most-expensive street in the world in 2007, ahead of more well-known streets such as the Via Suvretta in St. Moritz and Carolwood Drive in Beverly Hills. [1] Located in Ballsbridge, Dublin 4, the street is bordered to the north by Merrion Road and to the south by Ailesbury Road.

This article is about the street in Ireland. For the cricket ground in England, see Shrewsbury Road, Shifnal.

Shrewsbury Road
Native nameBóthar Sriúsbaire  (Irish)
NamesakeCharles Chetwynd-Talbot, 19th Earl of Shrewsbury
Length550 m (1,800 ft)
Width16 metres (52 ft)
LocationBallsbridge, Dublin, Ireland
Postal codeD04
Coordinates53.3218°N 6.2234°W / 53.3218; -6.2234
north endMerrion Road
south endAilesbury Road
Other
Known forExpensive properties, and embassies

History and naming

The street is named in honour of the 1874 marriage of George Herbert, 13th Earl of Pembroke (owner of land around Ballsbridge), to Lady Gertrude Chetwynd-Talbot, a cousin of Charles Chetwynd-Talbot, 19th Earl of Shrewsbury.[2] Traditionally, Shrewsbury Road has been home to Dublin’s medical and legal professionals, but over the years the clientele shifted away from it and now the stretch houses both dot-com millionaires and property developers as well. The street has 26 residences; one of these, Walford, made headlines in 2005 for being the most expensive house ever sold in the country, for a reported €58 million.[3] As a result of the Irish financial crisis in the late 2000s, the value of most properties on the street more than halved, but as of 2013, sales have been in excess of €4 million.[4]

Among the residents of the street are telecommunications billionaire Denis O'Brien, property developer Derek Quinlan, and businessman Seán Dunne, who once owned 'Walford.' [5] The street is also the location of the ambassadorial residences of South Africa, Finland and Germany.

Walford

Built in 1902 during the Edwardian era, the red brick house was styled with the Edwardian architectural fashion in mind, in keeping with the characteristics of the district. Although the house is only 4,000 sq ft (370 m2), the property was seen by many investors as having massive developmental potential due to the total area of 1.8 acres (7,300 m2). This potential was noticed in 2005 when the death of the former owner, Patrick A. Duggan, led to an executor sale.[6] Despite having a guide price of €35 million, the house eventually reached €58 million due to a rumoured six potential buyers vying to purchase the property. In the end it was purchased by a company named Matsack Nominees, and it was widely reported in the media that the beneficiary of the sale was Gayle Killelea, wife of Sean Dunne.[7] In 2008, the house went on the market with a guide price of €75 million, despite being valued around €40 million at the time due to the Irish property crash, and in September 2011 the house went on the market again for a price of €15 million, down €43 million from its sale value in 2005, but was withdrawn presumably because it never met the guide price.[8]

In late 2016, a Cyprus registered company, Yesreb Ltd, of which John Dunne, a son of Seán Dunne’s first marriage, was said to be a director, sold Walford for €14.25 million to Celtic Trustees Ltd. Celtic Trustees is the sole trustee of the Merdon Trust, whose settlor is billionaire financier Dermot Desmond, and which was set up for the benefit of Mr Desmond’s children.[9] In 2018, Celtic Trustees Ltd secured planning permission to demolish Walford and replace it with 17,168 sq ft mansion, more than three times larger than Walford.[10]

Reflecting the high real estate values in the area, Shrewsbury, is one of the two most expensive properties on the Irish Monopoly board, along with nearby Ailesbury Road.[11][12]

References
  1. "The roof falls in on Ireland's Millionaires Row". Guardian.co.uk. 5 December 2010. Retrieved 22 December 2012.
  2. "Road has always attracted high-fliers". independent.
  3. "Inside Ireland's most expensive house". Irish Times. 9 September 2011. Retrieved 22 December 2012.
  4. "Property Services Regulatory Authority". propertypriceregister.ie. Retrieved 22 December 2012.
  5. "Developers' homes led sales in D4, D6". Irish Times. 12 December 2011. Retrieved 23 December 2012.
  6. "It's a knockdown price at €58m". The Irish Independent. 21 October 2006. Retrieved 26 January 2013.
  7. "€43m knocked off Ireland's most expensive house". guardian.co.uk. 22 September 2011. Retrieved 24 December 2012.
  8. "Ten properties that say it all". Irish Times. 17 May 2012. Retrieved 24 December 2012.
  9. Carolan, Mary. "Sean Dunne's bankruptcy trustee lifts legal claim over Shrewsbury Road mansion". The Irish Times. Retrieved 24 April 2020.
  10. Deegan, Gordon. "Dermot Desmond to demolish Ireland's most expensive house and build mansion". The Irish Times. Retrieved 24 April 2020.
  11. "Enter the Dragon in 'Monopoly' row over D4 house". The Independent. 25 September 2009. Retrieved 25 September 2020.
  12. "Let the game begin". Irish Times. 21 August 2004. Retrieved 25 September 2020.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.