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Buying a house: Sandyford Village

  • 28-05-2022 10:10pm
    Registered Users Posts: 15 darkwater88

    Hi, I am planning to buy a 4bed house(~150sq m) A2 rated in Sandyford village. It's around 700k and I was wondering if it's worth paying that much to live in Sandyford?


  • Registered Users Posts: 247 ✭✭ hayse

    Hang tough till next year €500k will buy it.

  • Registered Users Posts: 501 ✭✭✭ Summer2020

    Op don't listen to posts like this. People have been predicting price drops for the past 7 years. They'll be right one day of course. Its much cheaper to pay a mortgage these days than rent. Sandyford Village is a nice quiet village. Sandyford house does great food and is a great addition. Op I assume it's one of the 4 X new houses on the main road ?

  • Registered Users Posts: 1 ryanomahon

    Don't you think 700+ is overpriced for a semi-d house in that area? I know that you will find people buying it at that price range mainly because people working in IT in Sandyford will perhaps fall to that price bracket.

  • Registered Users Posts: 15 darkwater88

    New/Old Houses sold last year are going around the same price. I thought Sandyford was a good area, isn't that the case?

  • Administrators Posts: 51,505 Admin ✭✭✭✭✭ awec

    It's a fine area, you aren't going to have hassle or anything like that.

    There's not much in it, and the village itself is a bit of a trek to the Luas.

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  • Registered Users Posts: 717 ✭✭✭ macvin

    The biggest cost of a house is the repayment cost.

    Possibly the op has another house which will be sold and the mortgage is not too bad on the potential new house.

    For any large mortgage, interest rates will be phenomenally important.

    Those who bought in 2005-2007 and had a tracker mortgage did quite ok over the 15+ years as their interest rates were about 1.5-2% below what people who bought in 2010, 2011 etc paid. It is estimated that a 1% tracker was worth over 25% of the mortgage value if compared to the 3% average mortgage rate.

    So op, it's a great area. Particularly good for schools and if you work in the sandyford/still organ/leopardstown area it will mean a short commute which in itself is worth a fair amount.

    Increased mortgage rates will most likely see a softening in prices, but a continued demand will mean no dramatic drop. So if it's something that you want and like and suits you long term and you can afford it, then go for it.

  • Registered Users Posts: 15 darkwater88

    thank you guys. We dont have another house but do have some savings so going to use all of it. Just hope if a recession kicks in, it wont be like the last one but plan to stay long term atleast greater than 5 years so it may not matter.

    Its around a 16min walk to the luas and there is a bus stop nearby