The town of Letterkenny in Ireland is set for a significant boost in housing after a developer has bought a site worth €4 million. This new development is expected to contribute to the ongoing problem of a housing shortage in the area, and it is believed that the site will be transformed into much-needed new housing for the local community. The development, called Revealed, is likely to offer hundreds of new homes and could provide the boost that Letterkenny needs to tackle the challenging housing issues it currently faces. In this article, we take a closer look at the Revealed development and what it could mean for the future of housing in Letterkenny.
One of the most expensive pieces of land in Donegal has been sold for €4,000,000. The 8.23 acres of land in the heart of Letterkenny was sold by local estate agent DNG Boyce Gallagher, and its sale was confirmed by Mr Henry McCahey, the director of Boyce Gallagher. The site is located behind the Letterkenny Fire Station, opposite Mac’s Deli and offers extensive road frontage, with easy access to Letterkenny’s Main Street. Although the planning permission for the site has expired, there is a high demand for development opportunities in the area. The County Development Plan 2018-2024 zoning allows the area to be developed for mixed-use purposes, providing excellent opportunities for development.
The buyer of the site has not been named, but it has been reported that they are from Donegal and will be using the land primarily for much-needed housing development. Mr McCahey confirmed that there was significant interest in the land from both Ireland and abroad. The significant sale highlights a growing trend in a strong market for development and property investment in the Letterkenny area. The sale is expected to boost the local economy and provide opportunities for employment in the construction and other associated industries. It remains to be seen how the new owner will use the prime piece of property and how the site will be developed to meet the growing demand for housing in the area.
In conclusion, the purchase of the €4M Letterkenny site for housing is a welcome development in the ongoing efforts to provide affordable and accessible housing options for the people of Ireland. With the current housing crisis affecting the country, the move towards investing in more social, affordable and private housing is a step in the right direction. The Revealed group’s commitment to this project is commendable and we look forward to seeing the positive impact it will have on the local community. By transforming this site into a place where families and individuals can call home, we are creating a brighter future for all.
