2021 Irish Property Market chat - *mod warnings post 1*

JohnnyChimpo

woejus wrote: »

High Knuttel count!

A very accurate measure of tastelessness. This guys work has a very distressing energy that makes me feel like I'm in the Black Lodge from Twin Peaks

JimmyVik

Cyrus wrote: »

serious 3 star hotel lobby vibes from the sitting room here, size for the sake of it

https://www.myhome.ie/residential/brochure/pine-lodge-carrickbrack-road-howth-co-dublin/4311230

Theres a swinger party in that house the first Friday of every month

Hubertj

Cyrus wrote: »

serious 3 star hotel lobby vibes from the sitting room here, size for the sake of it

https://www.myhome.ie/residential/brochure/pine-lodge-carrickbrack-road-howth-co-dublin/4311230

Everything about the gaff is just off - interior and exterior. Bizarre

mcsean2163

This looks okay

https://www.myhome.ie/residential/brochure/39-st-fintan-s-villas-deansgrange-co-dublin/4492914


What's the catch?

DataDude

mcsean2163 wrote: »

This looks okay

https://www.myhome.ie/residential/brochure/39-st-fintan-s-villas-deansgrange-co-dublin/4492914


What's the catch?

Saw this morning and thought the same. Unless there's a major problem that isn't obvious, it's comically undervalued. Could well envisage that making around the €1m mark.

I sometimes wonder do they do it to drum up hysteria - "Did you see a house in Deansgrange went €300k over asking??"

standardg60

mcsean2163 wrote: »

This looks okay

https://www.myhome.ie/residential/brochure/39-st-fintan-s-villas-deansgrange-co-dublin/4492914


What's the catch?

The BER rating for one means it needs a massive retro-fit.

DataDude

standardg60 wrote: »

The BER rating for one means it needs a massive retro-fit.

I think this is a somewhat reasonable comparable property (I know there are differences but similar ballpark).

https://www.myhome.ie/residential/brochure/greenbank-stradbrook-road-blackrock-co-dublin/4490119

It had an offer €900k within 25 seconds of being advertised.

hometruths

DataDude wrote: »

I think this is a somewhat reasonable comparable property (I know there are differences but similar ballpark).

https://www.myhome.ie/residential/brochure/greenbank-stradbrook-road-blackrock-co-dublin/4490119

It had an offer €900k within 25 seconds of being advertised.

Much prefer the Deansgrange one. It looks like it has the makings of a decent house with a good budget to renovate. But I suspect you're right - tomorrow it will probably also have an offer of 900k!

DataDude

DataDude wrote: »

I think this is a somewhat reasonable comparable property (I know there are differences but similar ballpark).

https://www.myhome.ie/residential/brochure/greenbank-stradbrook-road-blackrock-co-dublin/4490119

It had an offer €900k within 25 seconds of being advertised.

Wow. Don’t care how nice it is. It’s still a bloody semi-detached!

(And looking at the pictures it’s not nice at all and needs a complete returb)

Insane

DataDude

Deleted User wrote: »

Wow. Don’t care how nice it is. It’s still a bloody semi-detached!

(And looking at the pictures it’s not nice at all and needs a complete returb)

Insane

Personally think it's worth about €900k given the size of the site. €200k refurb and you've got something pretty special with plenty of room to extend if needed. Expect it will go higher, I haven't followed up since to find out where it's at now.

Here's another belated April Fools day asking price. It's absolutely not in Foxrock, but still...the estate agents today seem to think it's 2020 again!!

https://www.myhome.ie/residential/brochure/10-beech-park-grove-foxrock-dublin-18/4488539

AlmightyCushion

DataDude wrote: »

Personally think it's worth about €900k given the size of the site. €200k refurb and you've got something pretty special with plenty of room to extend if needed. Expect it will go higher, I haven't followed up since to find out where it's at now.

Here's another belated April Fools day asking price. It's absolutely not in Foxrock, but still...the estate agents today seem to think it's 2020 again!!

https://www.myhome.ie/residential/brochure/10-beech-park-grove-foxrock-dublin-18/4488539

Am I missing something or is there no non en-suite bathroom in that house? The person in bedroom 3 just has to use the shower/toilet in one of the other bedrooms. Seems a bit shít.

The_Conductor

DataDude wrote: »

Personally think it's worth about €900k given the size of the site. €200k refurb and you've got something pretty special with plenty of room to extend if needed. Expect it will go higher, I haven't followed up since to find out where it's at now.

Here's another belated April Fools day asking price. It's absolutely not in Foxrock, but still...the estate agents today seem to think it's 2020 again!!

https://www.myhome.ie/residential/brochure/10-beech-park-grove-foxrock-dublin-18/4488539

2 helicopter pads??

AlmightyCushion

The_Conductor wrote: »

2 helicopter pads??

You have to have one for guests.

hometruths

AlmightyCushion wrote: »

You have to have one for guests.

No joke, that's why there are two on that monstrosity in Howth.

To find one helipad in the garden of a suburban Dublin house is unusual but two seems, well, downright extraordinary.

The owner of Pine Lodge on Howth Hill, just beyond the Summit, explains it all quite reasonably. He works in aviation and pilots his own helicopter and so when he built Pine Lodge on Carrickbrack Road 20 years ago, he built a helipad, carefully situated on the 1.78 acres so that it is protected from the wind that whips around the hill. And to accommodate his friends and their helicopters when they dropped by, he built a second helipad in the garden.

It is true that not everyone lost the run of themselves during the Celtic Tiger, but there was no shortage of people who more than made up for all of us!

https://www.irishtimes.com/life-and-style/homes-and-property/new-to-market/howth-bungalow-with-two-helipads-and-a-swimming-pool-1.2081285

RichardAnd

schmittel wrote: »

No joke, that's why there are two on that monstrosity in Howth.



It is true that not everyone lost the run of themselves during the Celtic Tiger, but there was no shortage of people who more than made up for all of us!

https://www.irishtimes.com/life-and-style/homes-and-property/new-to-market/howth-bungalow-with-two-helipads-and-a-swimming-pool-1.2081285

What's the next step from there? A personal dart station?

JimmyVik

DataDude wrote: »

Personally think it's worth about €900k given the size of the site. €200k refurb and you've got something pretty special with plenty of room to extend if needed. Expect it will go higher, I haven't followed up since to find out where it's at now.

Here's another belated April Fools day asking price. It's absolutely not in Foxrock, but still...the estate agents today seem to think it's 2020 again!!

https://www.myhome.ie/residential/brochure/10-beech-park-grove-foxrock-dublin-18/4488539

That is actually in Foxrock.
Its about 3 minutes walk from Foxrock church.
It may not be leafy Foxrock, which is all people seem to think Foxrock is, but none of us will be buying a house any time soon in Leafy Foxrock.



But still. €1m for a house, in an estate. That makes me cry.

hometruths

DataDude wrote: »

Personally think it's worth about €900k given the size of the site. €200k refurb and you've got something pretty special with plenty of room to extend if needed. Expect it will go higher, I haven't followed up since to find out where it's at now.

Here's another belated April Fools day asking price. It's absolutely not in Foxrock, but still...the estate agents today seem to think it's 2020 again!!

https://www.myhome.ie/residential/brochure/10-beech-park-grove-foxrock-dublin-18/4488539

I don't know if the asking price is realistic or not, but give it the benefit of the doubt and let's assume it could be bought for 1m. As a buyer in this range, would you be interested in that house at that price?

DataDude

JimmyVik wrote: »

That is actually in Foxrock.
Its about 3 minutes walk from Foxrock church.
It may not be leafy Foxrock, which is all people seem to think Foxrock is, but none of us will be buying a house any time soon in Leafy Foxrock.



But still. €1m for a house, in an estate. That makes me cry.

Would you not say it's smack bang in the middle of Cornerlscourt? Google maps concurs that it is!

250sqm, B3 BER, detached, nice private south west facing rear garden, sizeable front garden, near Foxrock. I'd cry tears of joy if it goes for €1m (or less). I might even buy it at that (even though I think the location is vastly overrated). It might be madness, but it's the reality of the current market conditions

DataDude

schmittel wrote: »

I don't know if the asking price is realistic or not, but give it the benefit of the doubt and let's assume it could be bought for 1m. As a buyer in this range, would you be interested in that house at that price?

Yes. Although as per post above, I'm very low on Foxrock/Cornelscourt as an area. I suspect someone who isn't as anti the area as I am will be willing to pay a fair chunk more than €1m.

Cyrus

DataDude wrote: »

I think this is a somewhat reasonable comparable property (I know there are differences but similar ballpark).

https://www.myhome.ie/residential/brochure/greenbank-stradbrook-road-blackrock-co-dublin/4490119

It had an offer €900k within 25 seconds of being advertised.

to be fair stradbrook road has a lot more cachet than deansgrange, id be surpised if the deansgrange house gets close to 1m, but who knows

JimmyVik

DataDude wrote: »

Would you not say it's smack bang in the middle of Cornerlscourt? Google maps concurs that it is!

250sqm, B3 BER, detached, nice private south west facing rear garden, sizeable front garden, near Foxrock. I'd cry tears of joy if it goes for €1m (or less). I might even buy it at that (even though I think the location is vastly overrated). It might be madness, but it's the reality of the current market conditions

The reason I know this is my first teenage job as a skivvy on a building site was building these houses. And I worked in Deansgrange many years later for a good few years. Used to run around the area quite a bit after work and at lunch time. I could nearly tell you the potholes outside all of the houses around there . The address of those houses was Foxrock when they were build and it hasnt changed.
Cornelscourt is the area across the N11 from AIB back almost cabinteely village.
Then you have Deansgrange on the other side of Clonkeen road and up as far as Monkstown.

If you are talking about leafy Foxrock you'll be paying €1m min for just an apartment though, which is even more disgusting than €1m for those houses.

DataDude

Cyrus wrote: »

to be fair stradbrook road has a lot more cachet than deansgrange, id be surpised if the deansgrange house gets close to 1m, but who knows

Sent it to a couple of people who know Deansgrange well. There were a few question marks raised about St. Fintan's as an area so perhaps my estimate is on the high side.
However, my recent observation of the market is that there is an incredible premium being paid for SCD houses which have a decent plot. I know that seems obvious to state, but it seems more stark now that it did a year ago. WFH making people yearn for some space/garden offices? Who knows.

hometruths

DataDude wrote: »

Yes. Although as per post above, I'm very low on Foxrock/Cornelscourt as an area. I suspect someone who isn't as anti the area as I am will be willing to pay a fair chunk more than €1m.

I think it will be an interesting one to watch. It’s a reasonable example of the kind of house I am thinking about (though probably in better condition than most) when I say who is going to buy these houses at these prices in the future.

I don’t think the arse is going to fall out of that market next week, and there probably is a buyer that will pay over 1m for that house today. It’s the rest of them in the future that I’m not so sure about.

JimmyVik

DataDude wrote: »

Sent it to a couple of people who know Deansgrange well. There were a few question marks raised about St. Fintan's as an area so perhaps my estimate is on the high side.
However, my recent observation of the market is that there is an incredible premium being paid for SCD houses which have a decent plot. I know that seems obvious to state, but it seems more stark now that it did a year ago. WFH making people yearn for some space/garden offices? Who knows.

To be fair, houses are definitely not getting built with large plots anymore in SCD. So I guess they are scarce alright.

DataDude

schmittel wrote: »

I think it will be an interesting one to watch. It’s a reasonable example of the kind of house I am thinking about (though probably in better condition than most) when I say who is going to buy these houses at these prices in the future.

I don’t think the arse is going to fall out of that market next week, and there probably is a buyer that will pay over 1m for that house today. It’s the rest of them in the future that I’m not so sure about.

I agree with your sentiments and as I've stated before, I'm convinced there are far more of those kinda houses than there are incomes to afford those kinda houses. I'm not sure inheritances and trade up equity (see ownership rates, as you have also cited) can sustain it indefinitely.

My partner and I have almost accepted at this stage, that at some point down the line, we'll be the "F***in idiots who paid €1m+ for a house in an estate in Greystones/Enniskerry/SCD". But not sure what the alternative is really. The Warren Buffet quote of "the market can stay irrational longer than you can stay solvent (or stay sane in this case)" seems to ring quite true.

Cyrus

JimmyVik wrote: »

If you are talking about leafy Foxrock you'll be paying €1m min for just an apartment though, which is even more disgusting than €1m for those houses.

i think you are overegging what property is going for on the 'right' side of the n11,

this is leafy foxrock right?

https://www.myhome.ie/residential/brochure/four-bedroom-homes-the-hazel-brighton-wood-foxrock-village-dublin-18/4331238

PommieBast

Cyrus wrote: »

serious 3 star hotel lobby vibes from the sitting room here, size for the sake of it

https://www.myhome.ie/residential/brochure/pine-lodge-carrickbrack-road-howth-co-dublin/4311230

Pic 10/21 looks like an accident waiting to happen...

JimmyVik

Cyrus wrote: »

i think you are overegging what property is going for on the 'right' side of the n11,

this is leafy foxrock right?

https://www.myhome.ie/residential/brochure/four-bedroom-homes-the-hazel-brighton-wood-foxrock-village-dublin-18/4331238

Do you not think thats an outrageous price for a terraced house?
No matter where it is.

Cyrus

JimmyVik wrote: »

Do you not think thats an outrageous price for a terraced house?
No matter where it is.

well its less than 1m

location is everything, as i said before that particular location does nothing for me but id take a terraced house on sorrento terrace every day of the week.

1m wouldnt get me in a boat shed for one however.

DataDude

JimmyVik wrote: »

Do you not think thats an outrageous price for a terraced house?
No matter where it is.

I think that's overly simplifying. I would do unspeakable things to get this terraced house for €855k, for example:
https://www.independent.ie/life/home-garden/this-stunning-period-home-has-been-completely-restored-with-a-cinema-room-and-unparalleled-views-for-265m-36871201.html

I think the ones in Brighton Wood look reasonable enough tbh (if you're into Foxrock).