55 acres of land in Co Wicklow’s Enniskery village went on sale by Nama. 20 acres of the site are zoned for housing, and Donal Kellegher of Cushman & Wakefield has estimated that the price of the land will be around €23 million. The plot is in site of the coastline, Bray Head, and Sugar Loaf Mountain, which adds additional desire for the land. Slightly before the 2008 property crash, the land was sold for approximately €30 million. Enniskery village is well-liked by homeowners due to its gorgeous scenery. The location is also central, 18 km south of Dublin and 5km west of Bray. The area currently does not have many new housing community options, so the land has a high potential for return on investment. According to the Enniskery Town Plan and Action Area Plan, the land has a variety of zonings including housing, enterprise, and school. An Bord Pleanála has already agreed that the housing zone could fit 185 three – five bedroom houses with a selling price between €425,000-€700,000. This makes the process of working with the planning appeals board easier for the future owner of the plot. The 55 acres will be sold through a license agreement, which Nama has been successful at carrying out in the past. The developer will be able to pay a deposit upfront and stagger all remaining payments up until the homes are sold.