Is this real life? €575k for a 2-bed in Dublin 15

Jeremyr

These sellers are deluded to say the least, anyone who hands over 575k for this is insane and obviously didn't earn their money themselves


http://www.myhome.ie/residential/brochure/22-cedar-lodge-farmleigh-woods-castleknock-dublin-15/3066202

RecordStraight

I'd be gutted if I had to pay half that.

starlit

Its extremely expensive for an apartment. You pay that much for a massive house in the countryside! You pay that much for a big house in Dublin maybe but for an apartment its stretching it. The only thing is that it looks big. Your paying for the size and location and that its brand new development i'd assume? I say developers are more likely to buy and get someone to rent it. If I had the money for that much I put it towards a decent sized house. That price may not drop by much in the coming years? Only so few could afford to buy an apartment/house at that price. For a 2 bedroom apartment its a rip off. If it were 3-4 or more bedrooms maybe more than one bathroom you'd say something. If it were a townhouse in the likes of foxrock/sandyford or more expensive/posher areas might be justifiable. Castleknock is a very ordinary location. Its not far from the city and easy to commute from but you still need a car.

RecordStraight

doovdela wrote: »

Its extremely expensive for an apartment. You pay that much for a massive house in the countryside! You pay that much for a big house in Dublin maybe but for an apartment its stretching it. The only thing is that it looks big. Your paying for the size and location and that its brand new development i'd assume? I say developers are more likely to buy and get someone to rent it. If I had the money for that much I put it towards a decent sized house. That price may not drop by much in the coming years? Only so few could afford to buy an apartment/house at that price.

It's not that big. About 20% bigger than the legal minimum?

starlit

RecordStraight wrote: »

It's not that big. About 20% bigger than the legal minimum?

Really. The images makes the kitchen/living room area look bigger.

fletch

It is a lovely estate and all but it is a ridiculous price for an apartment....there are others in the estate (I think they're a bit smaller) goin for less
http://www.myhome.ie/residential/brochure/24-cherry-lodge-farmleigh-woods-castleknock-dublin-15/2899671
http://www.myhome.ie/residential/brochure/apt-23-cherry-lodge-farmleigh-woods-castleknock-dublin-15/3065471

starlit

Ya they don't look as big slightly better value but still too expensive for a 2 bedroom apartment at €380,000. 3 bedroom might be justifiable.

RecordStraight

Fast forward a few years and we'll have another generation of dopes not paying their mortgages, insisting they were tricked by the evil banks.

Caliden

106m2 is big for a 2 bed apartment but the asking price is crazy. 10 square metres of that is the balcony which givenour weather is rarely used.

It may be a nice location but there's no decent shop nearby only a Sparin Castleknock village which is 1km away. You're paying for the address/post code on this one.

starlit

There is a lot to be said for being near the shops and near public transport.

MarkAnthony

doovdela wrote: »

There is a lot to be said for being near the shops and near public transport.

Certainly not THAT much!

MayoSalmon

doovdela wrote: »

Castleknock is a very ordinary location. Its not far from the city and easy to commute from but you still need a car.

Why do you still need a car?

fletch

MarkAnthony wrote: »

Certainly not THAT much!

I think his point was that they are not near public transport or shops

athtrasna

MayoSalmon wrote: »

Why do you still need a car?

From those apartments you do, there's little to nothing nearby

by the seaside

Jeremyr wrote: »

These sellers are deluded to say the least, anyone who hands over 575k for this is insane and obviously didn't earn their money themselves


http://www.myhome.ie/residential/brochure/22-cedar-lodge-farmleigh-woods-castleknock-dublin-15/3066202

I'll pay 600k sight unseen.

Is Dublin 15 anywhere near the sea?

the world wonders

doovdela wrote: »

There is a lot to be said for being near the shops and near public transport.

Alternatively, you could take the €250k+ that this apartment is overpriced by, and spend it on a chauffeur-driven Ferrari and a lifetime's worth of TescoM&S home delivery.

Eric Cartman

paying a sniff over 200k for that , or any 2 bed apartment in castleknock is crazy in my book, this is just downright madness, may drop off flyers for magic beans to all these apartments as clearly a lot of people have more money than sense.

wandatowell

RecordStraight wrote: »

Fast forward a few years and we'll have another generation of dopes not paying their mortgages, insisting they were tricked by the evil banks.

Dopes? Bit harsh on people who lost their jobs and have no way of paying a mortgage, regardless of the value of that mortgage.


In fact I'd go as far to say your post isn't harsh but extremely ignorant and childish.

MayoSalmon

athtrasna wrote: »

From those apartments you do, there's little to nothing nearby

Hardly, Castleknock Train Sattion is a 15 minute walk...5 minute cycle.
Bus is 5/10 minute walk away too

Castleknock is served very well by public transport into town.

irelandrover

MayoSalmon wrote: »

Hardly, Castleknock Train Sattion is a 15 minute walk...5 minute cycle.
Bus is 5/10 minute walk away too

Castleknock is served very well by public transport into town.

This surprises me, is a 10 minute walk to a bus stop counted as well served in Ireland?

MayoSalmon

irelandrover wrote: »

This surprises me, is a 10 minute walk to a bus stop counted as well served in Ireland?

Well depends on how fast you walk doesnt it...with a little jog you may even make it in 2:rolleyes:

RecordStraight

wandatowell wrote: »

Dopes? Bit harsh on people who lost their jobs and have no way of paying a mortgage, regardless of the value of that mortgage.

Most of those who have defaulted on their mortgages did not lose their jobs. Unemployment was far worse in Greece and Spain, yet look at this graph.

wandatowell wrote: »

In fact I'd go as far to say your post isn't harsh but extremely ignorant and childish.

You are entitled to your beliefs.

irelandrover

MayoSalmon wrote: »

Well depends on how fast you walk doesnt it...with a little jog you may even make it in 2:rolleyes:

My point was more, id consider a 10 minute walk to shops/ restaurants/ bars a well served area. Not a walk to a bus to bring me somewhere.

I liked the roll eyes tho. Really made your point for you.

MayoSalmon

irelandrover wrote: »

My point was more, id consider a 10 minute walk to shops/ restaurants/ bars a well served area. Not a walk to a bus to bring me somewhere.

I liked the roll eyes tho. Really made your point for you.

If you live in the middle of any estate in Dublin you will more than likely find the bus that serves that estate is a 5/10 minute walk to.

What do you want the bus to come down your road?

irelandrover

MayoSalmon wrote: »

If you live in the middle of any estate in Dublin you will more than likely find the bus that serves that estate is a 5/10 minute walk to.

What do you want the bus to come down your road?

I want to walk to the shops/ restaurants/ bars. I thought that was pretty clear from my last post. This is what well served is in my opinion.

Obviously in your opinion being able to get a bus someplace is well served.

Freddie Mercurys Bolero

Is this just fantasy?

MayoSalmon

irelandrover wrote: »

I want to walk to the shops/ restaurants/ bars. I thought that was pretty clear from my last post. This is what well served is in my opinion.

Obviously in your opinion being able to get a bus someplace is well served.

The walk to Castleknock Village...where there is shops/restaurants and bars is exactly 11 minutes...

https://maps.google.ie/maps?q=22+Cedar+Lodge,+Farmleigh+Woods,+Castleknock,+Dublin+15&bav=on.2,or.r_qf.&bvm=bv.84607526,d.ZGU&biw=1152&bih=629&dpr=1&um=1&ie=UTF-8&sa=X&ei=XZHLVOnHEoTW7Qbj2IGIAg&ved=0CAYQ_AUoAQ&output=classic&dg=brw

RecordStraight

MayoSalmon wrote: »

The walk to Castleknock Village...where there is shops/restaurants and bars is exactly 11 minutes...

https://maps.google.ie/maps?q=22+Cedar+Lodge,+Farmleigh+Woods,+Castleknock,+Dublin+15&bav=on.2,or.r_qf.&bvm=bv.84607526,d.ZGU&biw=1152&bih=629&dpr=1&um=1&ie=UTF-8&sa=X&ei=XZHLVOnHEoTW7Qbj2IGIAg&ved=0CAYQ_AUoAQ&output=classic&dg=brw

It's funny, if I was to live in a city (and I do) I'd really rather be no more than 5 minutes walk to shops and bars. Cork is even worse in that respect. If you live in Blackrock or somewhere, you really need a car. Crazy.

MayoSalmon

RecordStraight wrote: »

It's funny, if I was to live in a city (and I do) I'd really rather be no more than 5 minutes walk to shops and bars. Cork is even worse in that respect. If you live in Blackrock or somewhere, you really need a car. Crazy.

But your talking about suburbs here and not a city center unfortunately

irelandrover

MayoSalmon wrote: »

The walk to Castleknock Village...where there is shops/restaurants and bars is exactly 11 minutes...

https://maps.google.ie/maps?q=22+Cedar+Lodge,+Farmleigh+Woods,+Castleknock,+Dublin+15&bav=on.2,or.r_qf.&bvm=bv.84607526,d.ZGU&biw=1152&bih=629&dpr=1&um=1&ie=UTF-8&sa=X&ei=XZHLVOnHEoTW7Qbj2IGIAg&ved=0CAYQ_AUoAQ&output=classic&dg=brw

That's fine. Which makes it even more surprising that to point out how well served it was you pointed out a busstop that was a 5/ 10 minute walk away, or a two minute jog.

Anyway, i have my answer.

by the seaside

RecordStraight wrote: »

Most of those who have defaulted on their mortgages did not lose their jobs. Unemployment was far worse in Greece and Spain, yet look at this graph.




You are entitled to your beliefs.

Out of interest, what proportion of those that defaulted had lost their jobs?

RecordStraight

MayoSalmon wrote: »

But your talking about suburbs here and not a city center unfortunately

I live in a (European continental) suburb. There are 3 big supermarkets within a five minute walk. Maybe 15 restaurants, 20 bars. And all the other stuff you have in towns of course. Irish suburbs seem to be hollowed out of businesses - I'm not sure whether the cars/lack of public transport are a cause or effect.

Greyian

As 2 beds go, it does seem like a fairly large place (there are 3 bed houses that are ~90sqm). I've never really been a big fan of a single room for living/dining/kitchen though. You basically have a bedroom and a room you spend the day in, and that's it. At least when the kitchen is in a separate room (or mostly walled off) from the living area, people cooking etc. aren't constantly disturbing people relaxing/watching TV etc.

Regardless of the layout though, that is a frankly ludicrous price for such an apartment. The other 2 apartments someone linked would even be overpriced, but €575,000 for a 2 bed? Absurd.

wandatowell

RecordStraight wrote: »

Most of those who have defaulted on their mortgages did not lose their jobs.

Interesting. Are most people in arrears strategic defaulters so?

RecordStraight

by the seaside wrote: »

Out of interest, what proportion of those that defaulted had lost their jobs?

I don't think those statistics are available. You can only get at the numbers by looking at proxies and by comparing with other countries (as above). Certainly many did lose their jobs, but I don't accept that that is the case with the majority of defaulters.

Eric Cartman

wandatowell wrote: »

Interesting. Are most people in arrears strategic defaulters so?

A very high percentage, especially in the rental market, i personally know of 4 friends living in different houses where theyve all had their households handing over 1200-1800 a month to a landlord, and receivers / agents for the banks have shown up on their doorsteps to ask about it and informing them that the landlord has not been paying his mortgage for the last 2 years.

RecordStraight

wandatowell wrote: »

Interesting. Are most people in arrears strategic defaulters so?

Again, it's impossible to say with any accuracy. But I think the role of strategic default has been vastly underplayed.

If you have a little time (and the interest and the skills) you could make up a graph comparing the rate of change of:

1. Unemployment
2. Property prices
3. Mortgage defaults

Look at whether number 3 tracks number 1 or number 2.

MayoSalmon

RecordStraight wrote: »

I live in a (European continental) suburb. There are 3 big supermarkets within a five minute walk. Maybe 15 restaurants, 20 bars. And all the other stuff you have in towns of course. Irish suburbs seem to be hollowed out of businesses - I'm not sure whether the cars/lack of public transport are a cause or effect.

Would love to know the population of this european suburb?

Castleknock has a population of 21,457...it certainly does not warrant 3 supermarkets and 20 bars to say the least

Arbiter of Good Taste

Greyian wrote: »

As 2 beds go, it does seem like a fairly large place (there are 3 bed houses that are ~90sqm). I've never really been a big fan of a single room for living/dining/kitchen though. You basically have a bedroom and a room you spend the day in, and that's it. At least when the kitchen is in a separate room (or mostly walled off) from the living area, people cooking etc. aren't constantly disturbing people relaxing/watching TV etc.

Regardless of the layout though, that is a frankly ludicrous price for such an apartment. The other 2 apartments someone linked would even be overpriced, but €575,000 for a 2 bed? Absurd.

The size is very large for a 2 bed apartment - and you are right there are plenty of 3 bed houses smaller than 100sqm around Dublin.

There are new apartments launched in Clontarf - nearly Dollymount to be honest. 2 beds €400-€620k and 3 beds €795k-€895k :eek::eek::eek::eek:

Frankly if you had that money to spend and wanted to live in Clontarf, you could get a pretty decent house for €895k. It astounds me that someone would pay that much for an apartment.

RecordStraight

MayoSalmon wrote: »

Would love to know the population of this european suburb?

Castleknock has a population of 21,457...it certainly does not warrant 3 supermarkets and 20 bars to say the least

The commune has a population of about 60k, but the other parts of the commune would be closer to other supermarkets etc.

I should also add that I come from an Irish town of about 15k, and there are Dunnes, Supervalu and Lidl supermarkets there (perhaps more now) and about 10 pubs.

fletch

RecordStraight wrote: »

I should also add that I come from an Irish town of about 15k, and there are Dunnes, Supervalu and Lidl supermarkets there (perhaps more now) and about 10 pubs.

I presume that Irish town serves more than just the inhabitants of the town? I presume people drive from many kilometres away...not comparing like with like (not that I agree that Castleknock needs 20 pubs!)

MayoSalmon

RecordStraight wrote: »

The commune has a population of about 60k, but the other parts of the commune would be closer to other supermarkets etc.

I should also add that I come from an Irish town of about 15k, and there are Dunnes, Supervalu and Lidl supermarkets there (perhaps more now) and about 10 pubs.

The commune has a population of 20k, sure blanchardstown only has population of 60k so haven't a clue where your getting your figures.

This mystery Irish town just like your mystery continental town must be very unique. Considering Castleknock is bordered by a much larger suburb in the form of Blanchardstown and which has every amenity and facilty possible it is completely unreasonable and unnecessary to expect 3 supermarkets and 15 pub/restaurants

RecordStraight

fletch wrote: »

I presume that Irish town serves more than just the inhabitants of the town? I presume people drive from many kilometres away...not comparing like with like (not that I agree that Castleknock needs 20 pubs!)

It's a suburb of Cork, so not really. Spatial planning in Ireland is a mess.

RecordStraight

MayoSalmon wrote: »

The commune has a population of 20k, sure blanchardstown only has population of 60k so haven't a clue where your getting your figures.

This mystery Irish town just like your mystery continental town must be very unique. Considering Castleknock is bordered by a much larger suburb in the form of Blanchardstown and which has every amenity and facilty possible it is completely unreasonable and unnecessary to expect 3 supermarkets and 15 pub/restaurants

What??

Where am I getting what figures? The figures I've mentioned are for where I live and where I used to live. I'm baffled that you think there's anything 'unique' about either place.

Moonbeam

it is big and in Castleknock.I do think it is optimistic though.

hardCopy

MayoSalmon wrote: »

The commune has a population of 20k, sure blanchardstown only has population of 60k so haven't a clue where your getting your figures.

This mystery Irish town just like your mystery continental town must be very unique. Considering Castleknock is bordered by a much larger suburb in the form of Blanchardstown and which has every amenity and facilty possible it is completely unreasonable and unnecessary to expect 3 supermarkets and 15 pub/restaurants

Also one side of Castleknock is bound by one of the nicest parks around.

Lots of people are apparently willing to travel a little further to do their big shop in order to live within a 5 minute walk of the Phoenix Park.

Villa05

RecordStraight wrote: »

I live in a (European continental) suburb. There are 3 big supermarkets within a five minute walk. Maybe 15 restaurants, 20 bars. And all the other stuff you have in towns of course. Irish suburbs seem to be hollowed out of businesses - I'm not sure whether the cars/lack of public transport are a cause or effect.

If property costs this much, few busineses would be viable in the area. Thats why high house prices are bad for the general economy

MayoSalmon

RecordStraight wrote: »

What??

Where am I getting what figures? The figures I've mentioned are for where I live and where I used to live. I'm baffled that you think there's anything 'unique' about either place.

The figures you seem to have pulled out of the sky.

Roughly 20k live in Castleknock
Roughly 67k live in Blanchardstown

According to the 2011 Census

Anyways like I previously said a population of 20k does not justify 3 supermarkets 15 restaurants and 20 bars especially when its bordering suburb contains all 3 and more.

NIMAN

hardCopy wrote: »

Also one side of Castleknock is bound by one of the nicest parks around.

Lots of people are apparently willing to travel a little further to do their big shop in order to live within a 5 minute walk of the Phoenix Park.

You can buy a 4 bed detached house of 2200sq ft near me for €125,000, with 2 blue flag beaches within 2miles and 5miles.

Donegal isn't to everyone's tastes, but I often thank the lord I don't live in Dublin.

RecordStraight

MayoSalmon wrote: »

The figures you seem to have pulled out of the sky.

Roughly 20k live in Castleknock
Roughly 67k live in Blanchardstown

According to the 2011 Census

Anyways like I previously said a population of 20k does not justify 3 supermarkets 15 restaurants and 20 bars especially when its bordering suburb contains all 3 and more.

I never said anything about how many people live in Blanchardstown or Castleknock, did I?

MayoSalmon

RecordStraight wrote: »

The commune has a population of about 60k, but the other parts of the commune would be closer to other supermarkets etc.