Struggling to sell house in West Dublin ( Is the market slowing down )

randoplh134

Hi All,

I live abroad and i'm currently trying to sell a house i own in West Dublin.
The house is a 3 bed terrace and has been on the market since January of this year, initially it was for sale for 325k but i have since dropped the price due to low amount of views and zero offers, the current price is 260k.
a
I have had one offer of 220k and very little viewings, is this the common theme at the moment? I am living abroad and looking to sell as i bought the house in 2005 and looking to move on, is this the way the market is going, sorry for the very little research i haven't had much time to put into the topic.

Thanks

EKRIUQ

The market will decide the price and value of the house, currently with regulations it's difficult for people to get loans.

Fan of Netflix

The market is slowing down it will only get worse from here, you may need to consider the 220k offer.

Graham

randoplh134 wrote: »

is this the way the market is going

not really.

I can't think of any Dublin areas that are showing 20% price drops, never mind 20% price drops and still not shifting.

I'd be looking for other explanations.

Abel Ruiz

Graham wrote: »

I'd be looking for other explanations.

We all know what West Dublin means.
And I'm guessing many wouldn't want to spend €320k+ to live there.
Better off further away from the city of Dublin!!!!

Graham

Property was either significantly overpriced from the off, or something else is hindering a sale.

beauf

Graham wrote: »

not really.

I can't think of any Dublin areas that are showing 20% price drops, never mind 20% price drops and still not shifting.

I'd be looking for other explanations.

Like Graham says I'd be looking at the bigger picture. Get a couple of different opinions from estate agents in the area.

Boards had to many people with an axe to grind to get a useful response.

Abel Ruiz

Abel Ruiz wrote: »

We all know what West Dublin means.
And I'm guessing many wouldn't want to spend €320k+ to live there.
Better off further away from the city of Dublin!!!!

West Dublin isn't a homogeneous area so you're making an assumption there chief (though it could be correct)

frankythefish

Could be in a bad area, in a bad state of repair, poorly advertised, simply overpriced...

beauf

Advice I've had it's ftb and new properties that are selling the quickest. Anything else is slow. They will sell just take a bit of time, and have to be priced in the context of new properties available in the area

beauf

Dropping by a third means it was way overpriced to begin with, that you are looking for a fast sale, people now know this and will play hard ball as long as possible.

Abel Ruiz

[Deleted User] wrote: »

West Dublin isn't a homogeneous area so you're making an assumption there chief (though it could be correct)

I know, I said i was guessing.

Abel Ruiz

beauf wrote: »

We all know what further away from Dublin means, countryside awash with armed gangs and people armed to the teeth to defend themselves.....lol

I've no axe to grind, at all....
I grew up in West Dublin. And it was not nice.
I live in kildare now. And there are no armed gangs near me.
Much better value and much nicer neighbours.

duffman13

randoplh134 wrote: »

Hi All,

I live abroad and i'm currently trying to sell a house i own in West Dublin.
The house is a 3 bed terrace and has been on the market since January of this year, initially it was for sale for 325k but i have since dropped the price due to low amount of views and zero offers, the current price is 260k.
a
I have had one offer of 220k and very little viewings, is this the common theme at the moment? I am living abroad and looking to sell as i bought the house in 2005 and looking to move on, is this the way the market is going, sorry for the very little research i haven't had much time to put into the topic.

Thanks

The biggest thing you should be looking at is the number of properties for sale in your area and the asking prices. Cross reference with PPR for the last two months and then make an educated decision, unless it's an absolute hole of an area, you should be achieving way more than 220k for a 3bed. How many viewings have you had?

Currently selling in West Dublin myself and seen a little spike in interest the last week thankfully along with a few around my area going sale agreed so I'm a little more confident than I was a week ago

Edit: meant to mention your agent, recommending a 320 asking price and then dropping to 260 is bizarre. Any one watching the market and house would be throwing in a low ball offer because it feels like someone desperate to sell tbh

Get Real

I think the 325 mark was too optimistic to begin with. I could be wrong as I don't know the sq m of your house etc, but there are 3 bed properties well within the m50 and on a luas line for that. Quiet parts of cabra for example.

I'd hold out for a while and you might get the 260 plus. People with mortgage approval seem to come like busses. May just be bad timing and in another while you could have three or 4 people showing interest.

airportgirl83

Is your house presentable? I mean does it look attractive e.g. empty, freshly painted etc. Things like that can help.

beauf

There's been a bunch of new developments in sale in West Dublin recently. They seem to drip feeding them on to the market. I expect this had some effect.

Abel Ruiz

beauf wrote: »

All over the media recently of Garda and cab gang raids in Kildare. Do I assume then thats typical of all of Kildare. Should we base Kildare property advice on that...

Haha, what are you going mad for???
I think you've got the axe to grind.

Allinall

Abel Ruiz wrote: »

I've no axe to grind, at all....
I grew up in West Dublin. And it was not nice.
I live in kildare now. And there are no armed gangs near me.
Much better value and much nicer neighbours.

West Dublin is huge, as is Kildare.

How do you know there’s no armed gangs near you?

anewme

I’m a west Dub myself now moved out (slightly)

It really depends on where exactly it is in West Dublin.

For example, the massive developments planned around Clondalkin / Lucan is putting ppl off as no one knows how that’s going to end up.

Abel Ruiz

Allinall wrote: »

West Dublin is huge, as is Kildare.

How do you know there’s no armed gangs near you?

What are you talking about?
The little point I was making, was that growing up where I did, it wasn't safe and there was a lot of trouble.

Would you travel on the Red line luas at 10 o'clock on a Saturday night?????

Why are house prices more expensive in sandyford than any area I know in West Dublin?
We all know the answer.
But it seems you don't like the truth.

I grew up in a kip, and it is still probably the worst place in the country.

Mongfinder General

Is there social housing built nearby?

Allinall

Abel Ruiz wrote: »

What are you talking about?
The little point I was making, was that growing up where I did, it wasn't safe and there was a lot of trouble.

Would you travel on the Red line luas at 10 o'clock on a Saturday night?????

Why are house prices more expensive in sandyford than any area I know in West Dublin?
We all know the answer.
But it seems you don't like the truth.

I grew up in a kip, and it is still probably the worst place in the country.

I travel regularly on the red LUAS line late at night. It’s the easiest and quickest way for me to get home after a night out.

I’ve seen anti social behavior, but never had any trouble myself.

As I said, west Dublin is huge. Good, bad and medium areas in it.

Notice you didn’t answer my question about armed gangs?

Abel Ruiz

Allinall wrote: »

I travel regularly on the red LUAS line late at night. It’s the easiest and quickest way for me to get home after a night out.

I’ve seen anti social behavior, but never had any trouble myself.

As I said, west Dublin is huge. Good, bad and medium areas in it.

Notice you didn’t answer my question about armed gangs?

I've never heard of any armed gangs near me, never seen any trouble.

Yeah the Red line luas is perfect.

West Dublin is huge, but too many areas have awful names for a reason.
As I said i grew up there. More than 20 years.
And I didn't like it. And I don't want to settle with my family there.

I notice, you didn't answer my question about the difference between sandyford and West Dublin.
Sandyford is about 12km from the city. Similar distance from west Dublin

Abel Ruiz

beauf wrote: »

Here's going to keep derailing the thread.

Another one in Kildare today

https://www.irishtimes.com/news/crime-and-law/drugs-worth-130-000-seized-during-raid-on-co-kildare-house-1.3956279

Snip my rubbish.
Yeah we won't bother derailing....
I've said my piece

Graham

Mod Note

property is not in Kildare. Feel free to start a Kildare thread somewhere appropriate.

Nika Bolokov

anewme wrote: »

I’m a west Dub myself now moved out (slightly)

It really depends on where exactly it is in West Dublin.

For example, the massive developments planned around Clondalkin / Lucan is putting ppl off as no one knows how that’s going to end up.

Not sure about that. All of the Adamstown phases sell out and people buying in those areas don't have a lot of choice. It's there or the commuter belt.

If anything with these developments planners are far more aware of the importance of having rail links etc in first than in the past and people are all over build quality given past issues along with parking etc.

To wait to see how this pans out will probably take 10 -15 years. Clondalkin / Lucan are themselves already villages transformed to massive suburbs in one lifetime but with increasing industrial development coming on stream nearby e.g. grangecastle.

If your holding off buying here on that basis your only buying somewhere else that's also subject to massive development.

Also to the other poster , Sandyford is being massively overdeveloped , I lived there. It contains the Ballyogan estate which is a kip and the Luas is impossible to get on from the Gallops stop every morning never mind the thousands of apartmentsb eing built down the road in Cherrywood , some with no parking that are to go up roads like Murphystown which has no upgrade planned. A house in a well planned estate in God forbid West Dublin is a lot better.

anewme

Nika Bolokov wrote: »

Not sure about that. All of the Adamstown phases sell out and people buying in those areas don't have a lot of choice. It's there or the commuter belt.

If anything with these developments planners are far more aware of the importance of having rail links etc in first than in the past and people are all over build quality given past issues along with parking etc.

To wait to see how this pans out will probably take 10 -15 years. Clondalkin / Lucan are themselves already villages transformed to massive suburbs in one lifetime but with increasing industrial development coming on stream nearby e.g. grangecastle.

If your holding off buying here on that basis your only buying somewhere else that's also subject to massive development.

Also to the other poster , Sandyford is being massively overdeveloped , I lived there. It contains the Ballyogan estate which is a kip and the Luas is impossible to get on from the Gallops stop every morning never mind the thousands of apartmentsb eing built down the road in Cherrywood , some with no parking that are to go up roads like Murphystown which has no upgrade planned. A house in a well planned estate in God forbid West Dublin is a lot better.

I disagree totally. Grange Castle was coming on stream when I worked there nearly 20 years ago. It’s not much further on.

The infrastructure for Adamstown is poor. I know people there who hate it but can’t leave.

They moved the old train station in Clondalkin from Cloverhill, which ppl used to the other white elephant place.

Clonburris is going to be the same. A high percentage of social. There’s also plans for too many houses in Clondalkin, a high percentage will be social housing. There’s already too much anti social behavior. In and around Grange Castle area, scramblers, hordes etc are a scourge.

The Fonthill road is already chaos from a traffic point of view.

Anyone I know buying now who would have bought in the area are buying further out.

Op did not say if this was the area he’s trying to sell in, just giving reasons in case it is.

Sunrise_Sunset

I have recently sold a property in West Dublin. It took 6 weeks to sell. I was happy with that. 3k under asking price.
I had been keeping an eye on property prices in the area, and didn't see anything near the 320k mark for a 3 bed house. But as other posters have said, West Dublin is a big area. Would really need to know more details.

jimmycrackcorm

Op your original price of 325 seems to have been very excessive. Have you seen any other terraced houses in West Dublin at that price?

My ex is buying at the moment and indeed the aren't many competing to buy. She went sale agreed recently but pulled out due to neighborhood issues and the price dropped 10k, but still on sale and no further offers

TheSheriff

Op, could you specify where in 'West Dublin' your property is located ? Might give some context ....

randoplh134

TheSheriff wrote: »

Op, could you specify where in 'West Dublin' your property is located ? Might give some context ....

Dublin 15

Corruptedmorals

That's a massive price for a terraced in Dublin 15, 325? Unless it's in Castleknock. We have bought a 3 bed semi detached bigger than usual house in a good part of Dublin 15 and it was significantly less than that. Far less at viewings and far less competing at the 280+ mark than there were lower than that because you're in the ballpark of new houses budgets then and it has far more than most areas, Fingal is bursting with new builds.

elizunia87

randoplh134 wrote: »

Dublin 15

To be honest i am not surprised. The situation now in Dublin 15 is not the best. We are looking to buy and we did consider dublin 15 but with all the news, crime we will definitely not buy there. The price is way too high for Dublin 15, unless is Castleknock. For this price I can have house closer to city centre, Walkinstown, Palmerstown.

Nika Bolokov

anewme wrote: »

I disagree totally. Grange Castle was coming on stream when I worked there nearly 20 years ago. It’s not much further on.

The infrastructure for Adamstown is poor. I know people there who hate it but can’t leave.

They moved the old train station in Clondalkin from Cloverhill, which ppl used to the other white elephant place.

Clonburris is going to be the same. A high percentage of social. There’s also plans for too many houses in Clondalkin, a high percentage will be social housing. There’s already too much anti social behavior. In and around Grange Castle area, scramblers, hordes etc are a scourge.

The Fonthill road is already chaos from a traffic point of view.

Anyone I know buying now who would have bought in the area are buying further out.

Op did not say if this was the area he’s trying to sell in, just giving reasons in case it is.

Grange castle has been transformed in the past 18 months , huge road improvements.

Every major new development in Dublin will have some social housing element. If that's a problem then you always have the older estates in these areas.

Adamstown is not a mess , it's far better designed than some of the mega estates being built in Dublin 13 , Lusk and Rush.

Mixed housing with some social housing is the way forward. It's how it works all over Europe. If you Google one apartment block in Dublin 18 where social housing was to be an element the hysterical responses from local residents included a request for 24 hour security.

Like many attitudes in Ireland this is one that will change in time.

I would take on a massive daily commute over that.

jam_mac_jam

Your price is too high unless it's castleknock or right beside a train station. Lower your asking price and you will have more interest

hmmm

Nika Bolokov wrote: »

Mixed housing with some social housing is the way forward.

Agreed, however the initial build in Clonburris looks like it will be 70% social (and "affordable"). I don't know who is going to buy the affordable, and who in their right mind will buy the 30% at full price.

It's mental, and with SF losing seats all over you can see what people think about it.

NIMAN

Have you a link to your house? Is it online?

Heres Johnny

Yes without a link nobody can say if you're overpriced or not.
I live in West Dublin, Lucan, and 3 beds here will get 320k apart from some of the rougher areas. Mine was valued at more than that about a year ago when I was getting a valuation for a reduced mortgage rate.
I believe every house will have a buyer on Dublin at the moment, but for the right price.

anewme

hmmm wrote: »

Nika Bolokov wrote: »

Mixed housing with some social housing is the way forward.

Agreed, however the initial build in Clonburris looks like it will be 70% social (and "affordable"). I don't know who is going to buy the affordable, and who in their right mind will buy the 30% at full price.

It's mental, and with SF losing seats all over you can see what people think about it.

Clonburris is a disaster waiting to happen.

Read today about plans for an additional 1160 houses between Rathcoole, Kilinarden, Belgard North and Clonburris.

Mix is 29% social, 46% affordable, 12% affordable rent and 13% private.

Op, is your house in a private estate in Dublin 15 - 325 to 260 is a fairly big drop, did you ask your EA why the bug drop?

Have you checked the property register for recent sales nearby?
Mix is 29% social, 46% affordable, 12% affordable rent, 13% private.

Browney7

OP, Dublin 15 is probably as useful as saying West Dublin to be fair. Castleknock, blanch village (at a push) and price not too bad. Mulhuddart or corduff you're off your head

Ms2011

Sold a 3 bed terrace in a less than desirable area of D22 this time 2 years ago for 308k, 25k over the asking with 3 different bidders vying for it. It went sale agreed and was sold within a month of going on the market.
Unless there has been some big changes in the market (I haven't been keeping track since selling) I think there must be some big issues with the house or location.

anewme

Ms2011 wrote: »

Sold a 3 bed terrace in a less than desirable area of D22 this time 2 years ago for 308k, 25k over the asking with 3 different bidders vying for it. It went sale agreed and was sold within a month of going on the market.
Unless there has been some big changes in the market (I haven't been keeping track since selling) I think there must be some big issues with the house or location.

Op's house is D15, but not sure what area.

It seems the market is levelling off generally.

Corruptedmorals

We noticed much higher numbers at viewings for houses around the 260k asking mark in Dublin 15 than those 290k asking. Because there are so many new houses being built in Dublin 15 that are not far off that budget wise and plenty on the market that are less than 5 years old so the competition is really lacking for older houses in the area with higher asking prices.

Spanish Eyes

elizunia87 wrote: »

To be honest i am not surprised. The situation now in Dublin 15 is not the best. We are looking to buy and we did consider dublin 15 but with all the news, crime we will definitely not buy there. The price is way too high for Dublin 15, unless is Castleknock. For this price I can have house closer to city centre, Walkinstown, Palmerstown.

Our friends bought in Palmerstown end of last year. They work in town. The bus is straight through on a bus lane all the way.

Not much going on there though according to them, but it is convenient and a doddle into town. Cannot say more as I don't know, but their house is nice.

punisher5112

It definitely has something to do with the help to buy tax savings scheme....

anewme

Spanish Eyes wrote: »

elizunia87 wrote: »

To be honest i am not surprised. The situation now in Dublin 15 is not the best. We are looking to buy and we did consider dublin 15 but with all the news, crime we will definitely not buy there. The price is way too high for Dublin 15, unless is Castleknock. For this price I can have house closer to city centre, Walkinstown, Palmerstown.

Our friends bought in Palmerstown end of last year. They work in town. The bus is straight through on a bus lane all the way.

Not much going on there though according to them, but it is convenient and a doddle into town. Cannot say more as I don't know, but their house is nice.

Palmerstown not cheap though.

liam7831

Get a new auctioneer current one is obviously not great. County/Country is full of auctioneers so negotiate a comission of .75%, I sold my house last month in a Dublin commuter town, think I just flogged it in time.

Ush1

I had my 3 bed semi in Tallaght with attic conversion and extension valued by an estate agent at 325k, that was about 3 months ago.

Lumen

elizunia87 wrote: »

To be honest i am not surprised. The situation now in Dublin 15 is not the best. We are looking to buy and we did consider dublin 15 but with all the news, crime we will definitely not buy there. The price is way too high for Dublin 15, unless is Castleknock. For this price I can have house closer to city centre, Walkinstown, Palmerstown.

I lived in a middling area of D15 for 12 years and it was great, the only downside was that there weren't any houses on the market I wanted to trade up to.

There's far too much variation to dismiss out of hand, you can be living a couple of hundred metres from absolute scumbags (I don't mean poor people, I mean violent criminals) and it would make precisely zero difference to your life.

randoplh134

The property is located in Manorfields and has undergone extensive work and upgrades such as a conservatory, decking and a significant BER energy improvement since the purchase, this is not your average run of the mill dump like most of you are making West Dublin out to be.