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Rathnelly is a picturesque little enclave of homes, situated at the bottom of the Avenue Road Hill. It is home to a large number of artists, academics, writers, and media people.

Rathnelly residents organize a one-of-a-kind street festival, held either every year or ñwhen the mood strikesî. The highlight of the festival is a much anticipated pancake breakfast that Rathnelly residents literally flip over.