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Property Market in Waterford

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Comments

  • Closed Accounts Posts: 2,542 ✭✭✭ dayshah


    What about this one at the end of the Williamstown Rd.?

    http://www.daft.ie/searchsale.daft?id=523435

    Is it worth €155,000?

    Prob closer to €100k-€120k


  • Registered Users Posts: 5,028 ✭✭✭ fricatus


    reni10 wrote: »
    Here is someone pricing their fantastic house at a great price to get offers around the €300k mark:
    http://www.daft.ie/searchsale.daft?id=604911

    Stunning house, but it's located down the end of a donkey track. You'd need a Land Cruiser living down there.

    I was very interested in viewing it so I drove down there with Mrs Fricatus a while ago for a peek, and nearly busted an axle. It's very isolated, and surrounded on three sides by a field where I believe horses run around...

    For those reasons (and those reasons only) I don't think it will sell quickly, or at anything like that price.


  • Registered Users Posts: 1,144 ✭✭✭ reni10


    What about this one at the end of the Williamstown Rd.?

    http://www.daft.ie/searchsale.daft?id=523435

    Is it worth €155,000?

    That is more like a terrace then a 3 bed semi!

    Less desirable area and smaller then your standard 3 bed semi so I would knock about €20k off the current baseline.

    Max price for that is about €90-€100k IMO.


  • Registered Users Posts: 1,144 ✭✭✭ reni10


    wellboytoo wrote: »
    Whats your call on Ballinamona woods (Ballybig) then?

    If you mean that ridiculous place where they built stupidly large houses within an inch of each other then anything for sale there will never sell unless the price is in the €200ks bracket.

    That is the most ridiculous place I have ever seen and I personally would never even consider buying a place there even if I had €500k in my pocket right now!


  • Registered Users Posts: 1,144 ✭✭✭ reni10


    Another Day another tale of how some people really need to get a new real estate agent and will never sell these houses:

    Posted today on Daft.ie:
    http://www.daft.ie/searchsale.daft?id=605228
    http://www.daft.ie/searchsale.daft?id=605221

    2 identical 3 bed semi's in Collins Avenue, whats the difference between them?
    Well it seems there is a €50k difference for some unknown and mind blowing reason!

    This is another fine example of the stupidity out there!

    Both these house are worth as follows:

    €120k 3 bed semi baseline + €10k for garage conversion so should be advertised for €140k and accept any offer approaching €120k

    What planet are these sellers and Real estate agents on?
    €245k and €195k for a 3 bed semi on the Dunmore road, idiots!!!!


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  • Registered Users Posts: 6,967 ✭✭✭ nkay1985


    What about this one at the end of the Williamstown Rd.?

    http://www.daft.ie/searchsale.daft?id=523435

    Is it worth €155,000?

    That is silly money for that house in fairness. Any ideas what they sold for originally? I can't imagine they were around the €200k mark, were they? They're not that old like.


    Reni, are you an estate agent yourself? It's just that you speak authoritatively on the subject so I assume it's more than just a passing interest.


  • Registered Users Posts: 6,031 ✭✭✭ lomb


    Friend of mine is renting a mansion in donegal for around 700 that was on sale for over 800 previously.3000sq foot split level overlooking Atlantic with a few jacuzzis and marble. It's a renters market why buy?


  • Registered Users Posts: 70 ✭✭ Aarnikotka


    reni10 wrote: »
    Another Day another tale of how some people really need to get a new real estate agent and will never sell these houses:

    Posted today on Daft.ie:
    http://www.daft.ie/searchsale.daft?id=605228
    http://www.daft.ie/searchsale.daft?id=605221

    2 identical 3 bed semi's in Collins Avenue, whats the difference between them?

    The first one is detached, not semi; I see your point regarding the prices though.

    Seeing as Ballinamona was mentioned, how much might this one in Grantstown realistically fetch? Anyone have the bones of a million lying around?

    http://www.daft.ie/searchsale.daft?id=605270


  • Closed Accounts Posts: 2,081 ✭✭✭ wellboytoo


    reni10 wrote: »
    If you mean that ridiculous place where they built stupidly large houses within an inch of each other then anything for sale there will never sell unless the price is in the €200ks bracket.

    That is the most ridiculous place I have ever seen and I personally would never even consider buying a place there even if I had €500k in my pocket right now!

    Whereas I agree with your statements on the estate itself, three of these units sold for over €500.k this year alone, so it kinda blows your theory out of the water. two of them were forced bank sales, admittedly the three buyers had a substantial amount of the deposit and still had difficulty raising the balance through mortgage.


  • Registered Users Posts: 2,560 ✭✭✭ Siamsa Sessions


    nkay1985 wrote: »
    That is silly money for that house in fairness. Any ideas what they sold for originally? I can't imagine they were around the €200k mark, were they? They're not that old like.

    They were above the €200k mark as far as I remember! (Up to €220k)

    Though they were available through the "affordable housing" scheme as far as I know, so I guess that means people got 10% off the price.

    Still, even €180k was madness. How were they so high???

    Bertie: "I guess the boom times just got boomer"

    Trading as Sullivan’s Farm on YouTube



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  • Registered Users Posts: 1,144 ✭✭✭ reni10


    Aarnikotka wrote: »
    The first one is detached, not semi; I see your point regarding the prices though.

    In their title and in the search results both of those Collins Avenue properties come back saying "Semi-Detached House" so if the first one is actually detached then the agent listing it should be shot for not even listing it correctly!!!

    Only in the property description does it mention anything about it being a detached property and the picture does not prove it conclusively!
    Max it is worth anyway if it is detached is another €20k so should be about €150k
    nkay1985 wrote: »
    Reni, are you an estate agent yourself? It's just that you speak authoritatively on the subject so I assume it's more than just a passing interest.

    I am not a Real Estate agent myself I am just someone pretty interested in investing in property and have had my eyes on the Irish property market for a very long time.
    wellboytoo wrote: »
    Whereas I agree with your statements on the estate itself, three of these units sold for over €500.k this year alone, so it kinda blows your theory out of the water. two of them were forced bank sales, admittedly the three buyers had a substantial amount of the deposit and still had difficulty raising the balance through mortgage.

    As for Ballinamona, who really cares what goes on out there! :)
    That place is an ambomination and a real testament to why Ireland is now on its knees after years of pure unadulterated stupidity and greed!


  • Moderators, Business & Finance Moderators, Society & Culture Moderators Posts: 9,764 Mod ✭✭✭✭ ToxicPaddy


    reni10 wrote: »
    As for Ballinamona, who really cares what goes on out there! :) That place is an ambomination and a real testament to why Ireland is now on its knees after years of pure unadulterated stupidity and greed!

    Couldn't agree with you more.. When it first started and sites were going for €50k each. That was seen as expensive at the time but that was for a decent fully serviced site of over half an acre or more.

    On that you'd fit a nice sized house and detached garage with plenty of space and privacy all around. However after the first half a dozen or so houses were built, things started going a bit nuts with the property market and the whole place went down hill..

    It had the potential to be an amazing place to live, large luxury houses in a private estate, large sites surrounded by mature woodland.. instead you had these abominations of house crowbarred onto tiny sites and making a mockery of the whole look and feel of the place.. a complete joke!!..

    I know someone who was offered a site there with full planning permission for a huge house on it.

    The site cost €450k alone and the house would cost somewhere in the region of €550k to build and kit out.. so €1 million up front before you started. They laughed at it and told the estate agent to come back when the site was down to €100k and they might think about and this was at the height of the boom.

    That kinda says it all really. :rolleyes:

    Tox


  • Registered Users Posts: 1,144 ✭✭✭ reni10


    Another 3 bed semi for sale in Collins Avenue just put up on Daft.ie:
    http://www.daft.ie/searchsale.daft?id=605371

    Again this is only worth €130k at most but is advertised at €180k!

    We had 2 yesterday advertised for €245k and €195k and 1 today at €180k so at least the price is going in the right direction!

    I believe these should be advertised for €140k and then accept any offer over €120k.

    They will be worth €100k in about 12 months...


  • Registered Users Posts: 1,144 ✭✭✭ reni10


    reni10 wrote: »
    Another 3 bed semi for sale in Collins Avenue just put up on Daft.ie:
    http://www.daft.ie/searchsale.daft?id=605371

    Again this is only worth €130k at most but is advertised at €180k!
    Hah, they just updated this listing to now say region €190k!

    Looks like it is the same property as the one listed yesterday for €195k which has now also been changed to region €190k.
    http://www.daft.ie/searchsale.daft?id=605221

    Some great Real Estate agents out there alright!

    So one minute with one agent it is €195k then the next minute with another agent it is €180k and then someone must have called someone and they both agreed on region €190k!

    Talk about amateur hour!!!!


  • Registered Users Posts: 752 ✭✭✭ jayboi


    reni10 wrote: »
    Hah, they just updated this listing to now say region €190k!

    Looks like it is the same property as the one listed yesterday for €195k which has now also been changed to region €190k.
    http://www.daft.ie/searchsale.daft?id=605221

    Some great Real Estate agents out there alright!

    So one minute with one agent it is €195k then the next minute with another agent it is €180k and then someone must have called someone and they both agreed on region €190k!

    Talk about amateur hour!!!!

    If you look at 2 of the same properties listed under a different real estate agents you'll notice if you havent already they they use the exact same photos,
    so i am assuming they are sharing the photos they take which I find strange for competiting businesses.
    I would imagine after reading the few examples that the real estate agents are no more in competition with each other then the man on thre moon.

    I wouldnt be suprised if there wasnt an effort amongst them to keep prices artificially high.


  • Registered Users Posts: 6,967 ✭✭✭ nkay1985


    reni10 wrote: »
    I am not a Real Estate agent myself I am just someone pretty interested in investing in property and have had my eyes on the Irish property market for a very long time.

    So, for you, the lower prices go, the better. So, even if you're being more realistic than a lot of people and real estate agents, you're likely to be pessimistic about the peoperty market so that you might get a better return if and when you do invest.

    For what it's worth I don't think you're too far off, just a little under with your baseline and expecting too much of a further drop. If I'm wrong, I'll come back here and admit it though.

    If €120k was the correct baseline and you expect that to drop to €100k, you think Waterford house prices are going to drop a further 16.7%. Aside from what the true value may be, I think prices won't fall that low because nit enough people will leave their house go for that. You'll always have a certain number who can do nothing about it and have to or bank repossessions but I don't think there will be a constant supply at such low prices.


  • Closed Accounts Posts: 2,542 ✭✭✭ dayshah


    nkay1985 wrote: »
    You'll always have a certain number who can do nothing about it and have to or bank repossessions but I don't think there will be a constant supply at such low prices.

    You have a point, but the banks are moving in on some people. The banks can move in on the buy-to-let amateur landlord types as its not their family home.

    But overall I don't think Waterford has a huge property overhang. Even places like that new housing estate in Kilmeadan are filling up.


  • Closed Accounts Posts: 221 ✭✭ anto2


    Sold a 4 bedroom house ,end of terrace ,semi ,large garden in Woodlawn grove ,40 year old house but renovated by me ,very near the WIT for E.220,000 in Febuary 2008 .It backed on to the Waterford Crystal sports ground .For that same money i could now get a better house in Dublin ,in a central location ( Dublin is my native City ).As i have moved abroad to Asia it does not matter though .
    As a side note houses must be around E50,000 or less in Ballybeg by now ?


  • Registered Users Posts: 363 ✭✭ munster_mafia


    So would this house be of the 'baseline €120k' or is it overpriced at €122?

    http://www.daft.ie/searchsale.daft?id=560746


  • Registered Users Posts: 1,144 ✭✭✭ reni10


    So would this house be of the 'baseline €120k' or is it overpriced at €122?

    http://www.daft.ie/searchsale.daft?id=560746

    Less desirable location plus smaller than your usual 3 bed semi so I think worth more like €100k.

    My take on it is this: Take the realistic advertised price(or if unrealistic calculate from the baseline as mentioned earlier) and with your first offer come in about 30% lower than that price.

    So for this property advertised at nearly €123k my first offer would be about €85k then I would move up potentially in €5k increments until I got to €95k and would not go any higher after that.


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  • Registered Users Posts: 6,967 ✭✭✭ nkay1985


    So would this house be of the 'baseline €120k' or is it overpriced at €122?

    http://www.daft.ie/searchsale.daft?id=560746

    It's a very poorly done ad because the price quoted is actually the price for a 3-bed mid-terrace. The 3-bed end of terraces are €129,950 according to the ad. I don't think there are any 3-bed semis left.

    I think the mid-terraces were around €170k when they were first available almost two years ago so they've dropped by over a third.

    I bought a 3-bed semi here back then. You can now get a 4-bed detached for less than that and that was a couple of years after the crash! Unfortunately waiting wasn't an option we had available to us.

    To be honest, the 4-beds aren't that great but they do give an extra room and I think there might be a utility room there too.


    Back to the original point, when we bought we viewed the terraces and I really wasn't mad about the layout but, that being said, I think they're probably good value at the prices they're at now. I reckon the developer has already made a tidy sum on the estate so just wants to sell what's left and be out of here so he's selling for a very reasonable price.


  • Closed Accounts Posts: 221 ✭✭ anto2


    http://www.daft.ie/searchsale.daft?id=597056

    I love that house , 5 bedrooms ,on one acre ,in Butlerstown ,with huge out buildings .Asking E230,000 .If somebody could get it for E200,000 ,it would be the deal of the Century .


  • Closed Accounts Posts: 2,542 ✭✭✭ dayshah


    anto2 wrote: »
    http://www.daft.ie/searchsale.daft?id=597056

    I love that house , 5 bedrooms ,on one acre ,in Butlerstown ,with huge out buildings .Asking E230,000 .If somebody could get it for E200,000 ,it would be the deal of the Century .

    Yeah, it looks like good value alright. I find the picture of the bedroom funny though, towels and clothes tossed about everywhere. You'd think that when they are selling the biggest thing most people will ever sell, that they'd tidy up the bedroom before taking a photo.


  • Closed Accounts Posts: 56 ✭✭ cjgib


    http://www.irishhousehunter.com/

    this site shows the asking price changes as published on property websites.

    Reality is slowly dawning.


  • Closed Accounts Posts: 221 ✭✭ anto2


    dayshah wrote: »
    Yeah, it looks like good value alright. I find the picture of the bedroom funny though, towels and clothes tossed about everywhere. You'd think that when they are selling the biggest thing most people will ever sell, that they'd tidy up the bedroom before taking a photo.


    Right ,did you also notice the 5 rolls of bog paper in the bathroom .Some body must have the ****s in that house :D


  • Closed Accounts Posts: 221 ✭✭ anto2


    dayshah wrote: »
    Yeah, it looks like good value alright. I find the picture of the bedroom funny though, towels and clothes tossed about everywhere. You'd think that when they are selling the biggest thing most people will ever sell, that they'd tidy up the bedroom before taking a photo.
    cjgib wrote: »
    http://www.irishhousehunter.com/

    this site shows the asking price changes as published on property websites.

    Reality is slowly dawning.


    Very interesting site .Thanks for that .


  • Registered Users Posts: 1,144 ✭✭✭ reni10


    At last we finally see a proper advertisement with a realistic price:
    4 bedroom semi + converted garage on Dunmore Road for €130k

    http://www.daft.ie/searchsale.daft?id=605891

    I believe this is probably one of the first realistic advertised prices we have seen!

    I know that 3 bed semis are only actually selling at €110k-€120k no matter what they are advertised for or where they are located so this 4 bedder is perfectly priced.

    This now does mean though that a new precedent has been set and has pushed all 3 bed semi's down by about €20k to about €100k!

    Who in their right mind would pay €200k+ for a 3 bed semi if a 4 bed semi is advertised for €130k without any need to negotiate!?!

    All so called Real Estate agents and sellers really need to take note of this €130k price tag and if they want to sell I reiterate my call to price their properties according to the current realistic €120k baseline or else you would be better advised to not waste your time!


  • Registered Users Posts: 353 ✭✭ ComfyKnickers


    cjgib wrote: »
    http://www.irishhousehunter.com/

    this site shows the asking price changes as published on property websites.

    Reality is slowly dawning.


    Wow, very interesting site, never even knew it existed, thanks for posting. :)


  • Closed Accounts Posts: 221 ✭✭ anto2


    reni10 wrote: »
    At last we finally see a proper advertisement with a realistic price:
    4 bedroom semi + converted garage on Dunmore Road for €130k

    http://www.daft.ie/searchsale.daft?id=605891

    I believe this is probably one of the first realistic advertised prices we have seen!

    I know that 3 bed semis are only actually selling at €110k-€120k no matter what they are advertised for or where they are located so this 4 bedder is perfectly priced.

    This now does mean though that a new precedent has been set and has pushed all 3 bed semi's down by about €20k to about €100k!

    Who in their right mind would pay €200k+ for a 3 bed semi if a 4 bed semi is advertised for €130k without any need to negotiate!?!

    All so called Real Estate agents and sellers really need to take note of this €130k price tag and if they want to sell I reiterate my call to price their properties according to the current realistic €120k baseline or else you would be better advised to not waste your time!


    Thats a very crap advert .It does not give a front view of the house or describe the garden or show any of the supposed 2 bathrooms .


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  • Registered Users Posts: 1,069 ✭✭✭ Hoffmans


    anto2 wrote: »
    Thats a very crap advert .It does not give a front view of the house or describe the garden or show any of the supposed 2 bathrooms .
    thats cause its a crap house want pump least 30k into it ta bring it up to scratch, looks like a rental house with nothing done to it since the 80s fittings wise, tho not a bad area ....


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