Depressing

Theboinkmaster

See:

http://www.myhome.ie/residential/brochure/12-ballyroan-road-rathfarnham-dublin-14/2804258

if i went to view this there'd be 50 couples scrambling to bid on it, and given current market I'd say it will go for asking if not more, probably 500k.

Very depressing

TOEJOE

This is another property bubble being created .The asking price is crazy.

anto9

Nobody forcing you to view or bid .Whats the problem ?Continue looking within your price range .

gaius c

anto9 wrote: »

Nobody forcing you to view or bid .Whats the problem ?Continue looking within your price range .

Portlaoise is a long drive.

Valetta

The asking price is only crazy if nobody buys it at that price.

If they achieve the sale, then teh asking price was perfect.

Buyers inflate a market, not sellers.

lolosaur

Theboinkmaster wrote: »

See:

http://www.myhome.ie/residential/brochure/12-ballyroan-road-rathfarnham-dublin-14/2804258

if i went to view this there'd be 50 couples scrambling to bid on it, and given current market I'd say it will go for asking if not more, probably 500k.

Very depressing

Well go look in white church. same house. same size. 200,000 cheaper.

you cant afford this house. Either get a better job, win lotto or look for somewhere you can afford.

you are doing the exact same thing you probably moan and give out about to your mates down the pub for the last 5 years.

Buy what you can afford. If you really do want a house, look elsewhere cheaper near the area.

If you cant buy somewhere you like, dont buy for the sake of it. rent til something comes up.

Idbatterim

you would be better off in Dundrum or Churchtown anyway IMO far better value for money given the area. As in the prices are similar but I deem them to have far better amenities, the Luas, cinema, Dundrum town centre, close to loads of good schools, UCD etc... There is one in Columbanus estate asking E390k, looks very similar to the one you linked to OP...

http://www.myhome.ie/residential/brochure/155-st-columbanus-road-dundrum-dublin-14/2809930

http://www.myhome.ie/residential/brochure/58-sweetmount-park-dundrum-dublin-14/2726303

superman28

Looks like a dump and a rip off..

Theboinkmaster

lolosaur wrote: »

you cant afford this house.

I can easily afford this house.

It's just depressing what half a million buys you in some parts of Dublin at present - no value at all and cash-driven inflated prices IMO.

Mr.McLovin

IMO only an idiot would pay 500k+ for that

Idbatterim

anyone who was in a position to buy i.e. had the cash or mortgage approval and didnt 2/3 years ago, has seriously f**cked up in my opinion. Certainly in the areas of Dublin I am familiar with anyway and where the prices have risen steeply over the past year or so. I wasnt and still am not in a position to buy, but if I could have, I would have without hesitation...

https://www.propertypriceregister.ie/Website/npsra/PPR/npsra-ppr.nsf/eStampUNID/UNID-C6F1BAB6743DC25180257A7D0057DA2D?OpenDocument

https://www.propertypriceregister.ie/Website/npsra/PPR/npsra-ppr.nsf/eStampUNID/UNID-0385265AE6D638B680257A7D0057A805?OpenDocument

https://www.propertypriceregister.ie/Website/npsra/PPR/npsra-ppr.nsf/eStampUNID/UNID-12C3B6A3F3BA119980257AAA00355E24?OpenDocument

IMO only an idiot would pay 500k+ for that

There will be a lot of idiots in that case!

lolosaur

Mr.McLovin wrote: »

IMO only an idiot would pay 500k+ for that

Pure keeping up with the jones' crap.

cant help but look at alot of people in negative equity and think "serves you right"

BTW, for 500k, that house is crap. Look harder OP.

Idbatterim

Pure keeping up with the jones' crap.

cant help but look at alot of people in negative equity and think "serves you right"

BTW, for 500k, that house is crap. Look harder OP.

I agree for 500k its crap, but if you advocate searching for better, thousands are doing so on a daily basis on myhome.ie, believe me, if there is a property that offers good value or is under priced to attract attention, the price will soon shoot up to the "market value"...

Eric Cartman

why anyone would pay over 400k for a house attached to another house is beyond me , at that kind of money you can get plenty of decent detached properties just outside the m50 ,

dpofloinn

You would want to be completely out of your mind to consider paying 500k for this house as it stands. If you purchased it you would be looking at spunking out another 100k to get it up to a good standard .Its got a BER rating G which makes it one step above a cow shed

doolox

I own a house built in the 70' that has a BER rating of E...and I feel hard done by as it is a devil to heat. I do not even want to know what G rating implies.....no doors/windows, no insulation no heating system????

eoferrall

Idbatterim wrote: »

you would be better off in Dundrum or Churchtown anyway IMO far better value for money given the area. As in the prices are similar but I deem them to have far better amenities, the Luas, cinema, Dundrum town centre, close to loads of good schools, UCD etc... There is one in Columbanus estate asking E390k, looks very similar to the one you linked to OP...

http://www.myhome.ie/residential/brochure/155-st-columbanus-road-dundrum-dublin-14/2809930

http://www.myhome.ie/residential/brochure/58-sweetmount-park-dundrum-dublin-14/2726303

viewed the Columbanus one, very nice. rang yesterday to enquire about current bid, was at 455k. I promptly ended the conversation. absolute madness currently!

Idbatterim

how is the Columbanus property described as semi detached?!

eoferrall

Idbatterim wrote: »

how is the Columbanus property described as semi detached?!

because only the converted garages touch!:P

i'm sure there is some quirk in the definitions, but it definitely is not a terrace house anyway.

jmayo

anto9 wrote: »

Nobody forcing you to view or bid .Whats the problem ?Continue looking within your price range .

I would love to know within whose range it is meant to be ?
If you apply as rule of thumb the old 4or 5 times salary then one would have to be earning near 100k to afford it ?
Now who exactly earns a 100k.
Oh wait all the high flyers in Google, Facebook, a few government advisors, etc.

This is a bloody semi D 3 bed 1400 sq foot hosue in the suburbs which needs loads of restoration work not some big house in prime condition.

BTW I thought the ad was very poor.
I was particularly glad they mentioned the front and rear gardens are outside. :rolleyes:

For once I agreed with luncinda creighton when she said this morning that our average property is still 6 or 7 times average wage.
What makes this whole situation even more lunacy is that we have thousands defaulting on their loans and still remaining in their properties.

Absolute madness.

lolosaur wrote: »

Well go look in white church. same house. same size. 200,000 cheaper.

you cant afford this house. Either get a better job, win lotto or look for somewhere you can afford.

Dammit I forgot normal people with reasonably normal jobs need to win lotto to live in Rathfarnham.

This whole thing is going to end badly when the cat stops bouncing.

Ray Palmer

jmayo wrote: »

Now who exactly earns a 100k.

Hello:p
I know quite a few and you aren't even close to the type of people making that money.
You also are also ignoring that people can already own a large portion of their current property and use that equity along with savings.

Idbatterim

i'm sure there is some quirk in the definitions, but it definitely is not a terrace house anyway.

grey area that one... I mean if you could knock down the existing living room, reinstate a narrower room and still have room for side access, it wouldnt be bad, but there is no way there is the width to do that...

eoferrall

Idbatterim wrote: »

grey area that one... I mean if you could knock down the existing living room, reinstate a narrower room and still have room for side access, it wouldnt be bad, but there is no way there is the width to do that...

converted garage was narrow as it was, to add a passage you might as well just have the room as a corridor or downstairs loo etc.

by no means a perfect house, but decent. however 455K after one day after first viewing is just plain nuts. complete nuts.

Idbatterim

Jmayo, while I wish there houses were 4-5 times the "average" wage, I think thats wishful thinking, geographically we are talking about a very small area of the country, where a huge amount want to live and those with money equally as importantly. This situation isnt unique to Ireland... The problem now, is everyone want the "finisher" home, so to put it, the 3 / 4 bed semi D in a good area...

Daithi_2014

The average wage will get you a house if you want one. Just not where those on above the average wage are competing with you.

jon1981

http://www.myhome.ie/residential/brochure/6-brookwood-road-artane-dublin-5/2775915

Last raised price was 400k on myhome. Went sale agreed 2 weeks back.

Mr McBoatface

I'd say it would be a local buyer that would be after those types of homes. Are they paying over the odd.....Yes

But it's not just the cost of a mortgage that lots's of people consider, many have to factor in childcare cost. If your family are from the area and you can get cheap or free childcare it may make sense to pay over the odds on a house and loose the 1200-1600 euro (2 Kids) monthly childcare cost if you move out of your local area.

I've recently paid over the odds on a similar style house (much better condition, modernized and insulated), In my case I recon i paid about 20-30 grand over what the house is really worth. But the current market dictates that price. I could have bought a "better new house" out of Dublin in Kildare and saved that money but my childcare cost would have been 1600 euro per month, 1200 euro more than I will be paying. Those costs would have to be paid for the next 9-10 years..... so in the short term i paid over the odds but I feel I've done well, I got a home I'm happy to be my forever home, and my children will be raised by a loving family member.

There are lots of factors why people will pay over the odd, I'd say childcare is one big one and if there is something to be depressed about it's childcare costs and the lack of affordable options.

gaius c

Valetta wrote: »

The asking price is only crazy if nobody buys it at that price.

If they achieve the sale, then teh asking price was perfect.

Buyers inflate a market, not sellers.

Ordinarily yes but the phenomenon of foreclosure stuffing means that sellers who can't afford their house are being allowed to scupper the sale to people who can afford it. Thus sellers are holding the market to hostage.

gaius c

jmayo wrote: »

I would love to know within whose range it is meant to be ?
If you apply as rule of thumb the old 4or 5 times salary then one would have to be earning near 100k to afford it ?
Now who exactly earns a 100k.
Oh wait all the high flyers in Google, Facebook, a few government advisors, etc.

This is a bloody semi D 3 bed 1400 sq foot hosue in the suburbs which needs loads of restoration work not some big house in prime condition.

BTW I thought the ad was very poor.
I was particularly glad they mentioned the front and rear gardens are outside. :rolleyes:

For once I agreed with luncinda creighton when she said this morning that our average property is still 6 or 7 times average wage.
What makes this whole situation even more lunacy is that we have thousands defaulting on their loans and still remaining in their properties.

Absolute madness.



Dammit I forgot normal people with reasonably normal jobs need to win lotto to live in Rathfarnham.

This whole thing is going to end badly when the cat stops bouncing.

There's a lot of people getting "help" from mammy & daddy, which would significantly boost their purchasing power from a 3 bed in Firhouse to a 3 bed in Churchtown. Older people are fairly well off in this country so their wealth is being destroyed to fill in the black hole labelled "debt".

vixdname

Mr.McLovin wrote: »

IMO only an idiot would pay 500k+ for that

I agree.

It "Features" - Electric Heating !!!! Costs a fortune

BER Certified - "G" - Terrible

Wouldn't touch the place with a barge pole

alias no.9

Purchase price aside, it would be interesting to do a case study on the circumstances and lifestyles of the original buyers and more to the point the sacrifices that had to be made to buy the house in the OP back in the 50s or 60s when it was built compared to the prospective buyers now.

McGrath5

I'd say whoever buys the house the OP mentions will easily put a couple of hundred grand into doing it up, no way will they be sitting in it with their miserable electric heaters.

Idbatterim

I'd say whoever buys the house the OP mentions will easily put a couple of hundred grand into doing it up, no way will they be sitting in it with their miserable electric heaters.

a coupel of hundred grand? they arent building several of them from scratch! Even a total gutting job and extension to the rear to a high standard should be brought in for less than 100k and thats not doing or getting it on the cheap, material or labor wise...

AlwaysAnyTime

jon1981 wrote: »

http://www.myhome.ie/residential/brochure/6-brookwood-road-artane-dublin-5/2775915

Last raised price was 400k on myhome. Went sale agreed 2 weeks back.

Do u know much it sale agreed for?
I think the way this is heading, (Dublin prices rising rapidly) people will hold off on selling their house - knowing they can get another 20k-30k by waiting a few months. Further restricting supply.

jon1981

No idea will take a few months before you see it on PPR, we live up the road from it so was on my radar. 4 or 5 houses within a 1-2 min walk from there are on the market for around that price have gone sale agreed also.

jay0109

from the PPR for Ballyroan road over the past 4 years....

30/06/2010 €430,000.00 67 Ballyroan Road, Templeogue, Dublin 16, Dublin
02/03/2011 €416,000.00 8 Ballyroan Road, Templeogue, Dublin 6w, Dublin
02/07/2012 €341,000.00 22 Ballyroan Road, Rathfarnham, Dublin 16, Dublin
13/08/2012 €290,000.00 227 Ballyroan Road, Rathfarnham, Dublin 14, Dublin
24/08/2012 €315,000.00 102 Ballyroan Road, Templeogue, Dublin 16, Dublin
19/12/2012 €301,000.00 169 Ballyroan Road, Rathfarnham, Dublin 16
20/06/2013 €386,000.00 36 Ballyroan Road, Rathfarnham, Dublin 16, Dublin 16
24/06/2013 €380,000.00 83 Ballyroan Road, Templeogue, Dublin 16, Dublin 16

Johnny Jukebox

alias no.9 wrote: »

Purchase price aside, it would be interesting to do a case study on the circumstances and lifestyles of the original buyers and more to the point the sacrifices that had to be made to buy the house in the OP back in the 50s or 60s when it was built compared to the prospective buyers now.

I grew up in the area in the 60s/70s and most were single earner households. Types of jobs were primarily white collar - middle rank civil servants, guards, salesmen type thing. There wasn't much to sacrifice in the first place and my recollection is of hard working people with not many visible signs of wealth.

Mr McBoatface

Just thought I'd add another comment. A poor BER test result is not the end of the world. BER testing is a bit of a joke, all vents and fireplaces are covered and blocked and heat loss then measured. In the real world when the vents are uncovered and the fireplace unblocked heat is going to escape through them so the heat loss measurements of BER are completely useless.

In real world conditions replacing windows and adding new insulation in attics and wall in old houses can make them feel much warmer than newer builds. Add to the fact that many older houses have much better driveways, the roads in the estates are much, much wider, rear garden are bigger, many have room to the side for future extension.... well it all make older houses more attractive to many.

anto9

People stooking the current boom in Dublin ( by buying or making an offer at these silly prices ) deserve the fall they will get up the road in two or three years time .

Alf Veedersane

jobyrne30 wrote: »

Just thought I'd add another comment. A poor BER test result is not the end of the world. BER testing is a bit of a joke, all vents and fireplaces are covered and blocked and heat loss then measured. In the real world when the vents are uncovered and the fireplace unblocked heat is going to escape through them so the heat loss measurements of BER are completely useless.

In real world conditions replacing windows and adding new insulation in attics and wall in old houses can make them feel much warmer than newer builds. Add to the fact that many older houses have much better driveways, the roads in the estates are much, much wider, rear garden are bigger, many have room to the side for future extension.... well it all make older houses more attractive to many.

+1.

Besides, a lot of houses built before 1990 have rubbish attic and wall insulation so €2k would easily see you improve that massively.

Ray Palmer

jobyrne30 wrote: »

Just thought I'd add another comment. A poor BER test result is not the end of the world. BER testing is a bit of a joke, all vents and fireplaces are covered and blocked and heat loss then measured. In the real world when the vents are uncovered and the fireplace unblocked heat is going to escape through them so the heat loss measurements of BER are completely useless.

Except that is not how BER is worked out in any way

Mr McBoatface

Ray Palmer wrote: »

Except that is not how BER is worked out in any way

The vents are blocked for the Air pressure DEAP tests. The point I was making was that BER testing shouldn't be as a major worry. My comments where in response to other comments where people disregarding house because of poor BER results. Light bulbs can be changed, thermostatic radiator valves can be fitted, lagging jackets fitted, windows replaced, insulation placed in the attic and the walls, solar panels added etc. The cost can be controlled and done over time. Many older houses with poor BER rating offer future upgrade and extension possibilities that newer houses just don't have.

Many people myself included will put location above house price, to live near your family and job can save a fortune and the money required to upgrade from a poor BER rating to a decent one is small in comparison.

jmayo

Ray Palmer wrote: »

Hello:p

ahh but you are special and you have your property empire

Ray Palmer wrote: »

I know quite a few and you aren't even close to the type of people making that money.

So then who exactly are making that money ?
It aint tradespeople any more.
You are probably talking about someone in one of the professions (solicitor, doctor, accountant, actuary, etc), someone with their own business that is not basic retail or higher management in public service.
Oh wait maybe someone in the ESB or a prison officer.

Idbatterim wrote: »

Jmayo, while I wish there houses were 4-5 times the "average" wage, I think thats wishful thinking, geographically we are talking about a very small area of the country, where a huge amount want to live and those with money equally as importantly. This situation isnt unique to Ireland... The problem now, is everyone want the "finisher" home, so to put it, the 3 / 4 bed semi D in a good area...

That is not some spectacular house and Ratherfarnham is not Ballsbridge.
I am not epxecting that someone on 30-40k (using 4/5 times wage) should be able to buy it.
But for what it is I am expecting someone on 60-80k (using 4/5 times wage) should be able to buy it.

With the way some would want the market to go, no one bar people on 3 or 4 times the average industrial wage will be able to afford a decent enough home in a decent enough area of the city.

Johnny Jukebox wrote: »

I grew up in the area in the 60s/70s and most were single earner households. Types of jobs were primarily white collar - middle rank civil servants, guards, salesmen type thing. There wasn't much to sacrifice in the first place and my recollection is of hard working people with not many visible signs of wealth.

So if you compared their salaries then to the comparable ones today, there is probably no way most of them would be able to afford it.
They would need to have a partner and one on a good salary as well.

Ray Palmer

jobyrne30 wrote: »

The vents are blocked for the Air pressure DEAP tests.

This is an optional test that isn't required for BER. The vast majority do not do this. It is really only for new builds.

uli84

As stupid as it sounds, I just wish the recession returned, at least I could afford stuff then....

Ray Palmer

jmayo wrote: »

ahh but you are special and you have your property empire

No my salary without any property income.

jmayo wrote: »

So then who exactly are making that money ?
It aint tradespeople any more.
You are probably talking about someone in one of the professions (solicitor, doctor, accountant, actuary, etc), someone with their own business that is not basic retail or higher management in public service.
Oh wait maybe someone in the ESB or a prison officer.

Nope. IT people and people without degrees earn this money. Non business owners and employees also. I would say I know 20 people earning this money without even thinking about it. They don't have fancy cars and huge houses either.

You kind of have to accept your understanding of the world around you is lacking if you can only consider people in a similar situation to yourself.

When both partners working became the norm house prices were always going to rise. Things have changed this is the way of things. Why should it remain acceptable that only one partner should work?

It has changed forever more you can't tell the world around you how it should behave because you want it to. A teacher of mine is school bought a 3 bed semi back in the day. He had no option to buy a 1 bed place for his needs. Now there is an option, all part of the change.

Lombardo86

uli84 wrote: »

As stupid as it sounds, I just wish the recession returned, at least I could afford stuff then....

Ah that's nice for you. Of course, the recession coming back would negatively affect thousands of people. But as long are you're ok then that's fine.

uli84

not saying I wasn't or I wouldn't be affected, yet still, a lot of stuff was way more affordable somehow.
Anyway, nevermind.

lolosaur

Ray Palmer wrote: »

Except that is not how BER is worked out in any way

True.

A lad looks at a picture of your house.
opens up microsoft word.
cuts and pastes a few pre written paragraphs
sends this out to you.
you pay the money.
Most BER certs are issued by people who have never and will never set foot in the house.

you have a 3 bed semi D in ballsbridge? Thats an E cert. bockedy windows and get your chimnet lined. good latd etc...

Theboinkmaster

jmayo wrote: »

But for what it is I am expecting someone on 60-80k (using 4/5 times wage) should be able to buy it.

Completely agree, many would consider €80k a good single salary however on that money i don't know how you'd afford this house, you'd be nowhere near it.

Being able to buy this €0.5m average house in D14 with another €100k to put into it, would be people on individual salaries of €150k+ but I would think people with those earnings would be looking at places like Foxrock, Rathgar etc. not Rathfarnham.

Theboinkmaster

Ray Palmer wrote: »

I would say I know 20 people earning this money without even thinking about it. They don't have fancy cars and huge houses either.

You kind of have to accept your understanding of the world around you is lacking if you can only consider people in a similar situation to yourself.

To be fair now those earning 100k+ individually would only be top c5% of population, sure it's on the web somewhere.

Wouldn't expect top 5% of earners to be living in Rathfarnham....