Several years have passed since Raymond (Don Wycherley) sold the house on Bachelors Walk. Since then, the lads have more or less gone their separate ways. Ray lives alone in a modern, sterile city apartment, still plugging away at his writing career. Michael Quinn (Simon Delaney) is living at home with his parents. And Barry Boland (Keith McErlean) is working in London, a successful record company man. So when Barry calls up out of the blue and announces that he has landed in Dublin, the lads get together for a long overdue reunion. But, as they try to revel, amidst the scantily clad 20-somethings of the modern Dublin scene, the lads realise they are getting far too old for this. In spite of the brave, merry poses the lads strike for their reunion, during the course of the special, Michael hits rock bottom before being rescued by a festive angel, Barry winds up doing jail time, and Raymond gets jilted.
Raymond, Michael and Barry are three bachelors who share a house that Raymond inherited from a deceased relative on Dublin's Bachelor's Walk. Raymond is a film critic who is pining after his ex-girlfriend, who has returned from New York; Michael is a briefless solicitor afraid of commitment to his girlfriend; and Barry is a naive ne'er-do-well who collects his dole while managing a number od street performers. Raymond decides to find a fourth tenant to take the remaining room in the house.
The housemates celebrate Michael's birthday with a party and everyone's invited.
Barry walks out of his computer class to launch his own brainchild "The Boland Corporation".
Allison brings Raymond and Barry to Donegal for a visit with her fiance, Mark.
Raymond takes Alisson for a day out and flees to his lodge in the hills.
Michael plans to network at his school return but ends up getting stung.
Allison's fiancee visits Dublin and has a bone to pick with Raymond.
Raymond, Michael and Barry realise that just because you desperately want something, you don't always get it.
Michael has a stag party the night before his wedding to Jane.
Michael and Jane return from their honeymoon, and Allison returns to town.
New tenant Russell arrives at number 49 and his odd behaviour gives Raymond cause for concern.
Sally suggests to Raymond that she'd like to meet Allison.
Michael and Jane's new flat is finally ready for the big move.
Barry comes to terms with his imminent fatherhood and visits Constance with a proposal in mind, but discovers that she has some ideas of her own on the matter.
When Allison explains to Raymond that she is frustrated with his lifestyle, Raymond is prompted into action and gets a teaching job in Mullingar. Is this the beginning of a lifestyle re-evaluation for Raymond?
Raymond embarks on his first day of teaching, and Barry wants more responsibility at the record studio.
Michael goes drinking instead of studying, Barry signs a band called 'The Margins', and Raymond's parents come for a visit.
Allison becomes increasingly fed up living with Raymond's parents and the tension between the couple grows. Terry offers Allison the room above the gallery, an offer which she finds very tempting.
Having spent nearly all his spare time with Derek, Michael's life begins to unravel when he realises he is totally unprepared for his law exams.
Michael helps Barry and Vicky reach a deal with the record company, while Raymond grows close to one of his students.