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Foxrock Development: 10 New Homes Planned for €12m Scheme

Okay, here's a summary of teh key information from the provided text, broken down for clarity: Growth Proposal: * what: A €12.42 million scheme to demolish an existing seven-bedroom house ("Ashley") at Hainault Road, Foxrock, and replace it…

Foxrock Development: 10 New Homes Planned for €12m Scheme

Okay, here’s a summary of teh key information from the provided text, broken down for clarity:

Growth Proposal:

* what: A €12.42 million scheme to demolish an existing seven-bedroom house (“Ashley“) at Hainault Road, Foxrock, and replace it with a development of 10 new houses.
* Houses: Two four-bedroom houses and eight three-bedroom houses, all three-story detached.
* Density: 41 units per hectare.
* Features: Each house will have two car parking spaces (with EV charging) and bicycle spaces.
* Layout: Houses will be built in two rows, set back from the road to minimize impact on neighbors.

Developer & Background:

* Developer: Helnwin Ltd, a partnership between Myles Crofton and Bernard Doyle.
* Myles Crofton: A well-known developer who previously owned the Renesca mansion (bought for €47 million in 2004) and attempted a similar redevelopment there.
* Bernard Doyle: property developer, husband of Fionnuala Sherry.
* Other Directors: karin Crofton and Fionnuala Sherry (former Eurovision winner) are also directors of Helnwin Ltd.

Financials:

* Total Cost: €12.42 million (including VAT).
* Per-Unit Cost: €1.24 million.
* Land Acquisition: Ashley sold for approximately €2 million in February 2024.

Planning Context:

* Application Status: Application submitted to Dún Laoghaire-Rathdown County Council.
* Precedent: The developers cite a previous approval for the demolition of Liam Maye’s home (Weaver’s Hall) and its replacement with apartments and a bungalow as a supporting example.
* Council Feedback: The council raised concerns during pre-application consultation about the lack of open space in the initial plans, leading to amendments.

Key Takeaway: This is a significant redevelopment proposal in a desirable Dublin suburb, involving a ample investment and a well-known development team. The project is seeking to increase housing density on a large property,and has already faced some scrutiny from the local planning authority regarding open space provisions.

About the author: Marcus Liu - Business Editor

MBA and ex‑B bureau chief specializing in global finance and fintech. Marcus speaks Mandarin, Japanese, and English, and has interviewed CEOs from the Fortune 50 to Y‑Combinator unicorns. Marcus Liu delivers sharp analysis on markets, startups, and corporate strategy for investors and entrepreneurs alike.