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Who'd live in a house like this? Part 2

Ken.

New thread.
Old thread https://www.boards.ie/vbulletin/showthread.php?t=2056170773&page=667

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Kitty6277

Deebles McBeebles wrote: »

Even being trailer trash costs 160k now. FFS.

Apparently even being trailer trash is something to work towards now

JohnCleary

ohnonotgmail wrote: »

If it is pulling in the 30,000 in rental income that the article claims then it is a pretty decent buy.

That'll be gross (if the claims are true).

I doubt it's zoned as commercial.

Think of all the over-heads. Leaving the tax side out of it, if you're doing Air BnB .... cleaning / bed sheets etc... - given it's rural, you're not going to be round the corner yourself to do it. By the time you get someone to do it for you, BAM, profit gone.

The gross yield % sounds amazing, but once you consider all the over-heads... nah.... it's a place you'd buy to use yourself.

markc1184

Kintarō Hattori wrote: »

https://www.myhome.ie/residential/brochure/6-the-lacey-field-donabate-dublin/4290114

I'm not sure if this place has been listed before. Yes it's cheap but still.

I'm nearly sure the mobile home in the picture with the treehouse has been on here before. The Lacey Field definitely rings a bell with me.

Jet Black

ohnonotgmail wrote: »

If it is pulling in the 30,000 in rental income that the article claims then it is a pretty decent buy.

It says in a separate article that figure is from the two properties. It's up on Airbnb for €58 a night.

BBFAN

Kintarō Hattori wrote: »

https://www.myhome.ie/residential/brochure/6-the-lacey-field-donabate-dublin/4290114

I'm not sure if this place has been listed before. Yes it's cheap but still.

Cheap???? It's a bleeding trailer ffs.

Kintarō Hattori

BBFAN wrote: »

Cheap???? It's a bleeding trailer ffs.

Ah I know but when we've seen the prices of other crazy places and baring in mind that it is Donabate it's not the worst place that's been on here. But it is still a lot of money for very little.

Kingp35

ohnonotgmail wrote: »

If it is pulling in the 30,000 in rental income that the article claims then it is a pretty decent buy.

AirBnB is banned in Ireland from June next year unless you also live in the property and are just renting out a single room. There is no way you will get 30k in rent under the rules unless you can somehow get planning permission as a short term rental property.

Kamili

JohnCleary wrote: »

That'll be gross (if the claims are true).

I doubt it's zoned as commercial.

Think of all the over-heads. Leaving the tax side out of it, if you're doing Air BnB .... cleaning / bed sheets etc... - given it's rural, you're not going to be round the corner yourself to do it. By the time you get someone to do it for you, BAM, profit gone.

The gross yield % sounds amazing, but once you consider all the over-heads... nah.... it's a place you'd buy to use yourself.

I actually wanted to book that place for a staycation last year and it was pretty booked out so never did in the end. So I'd say he was making a good bit out of it.
I think he lived nearby and has several other similar properties and they all seemed to be marketed well and got very good reviews.

2ndcoming

Kingp35 wrote: »

AirBnB is banned in Ireland from June next year unless you also live in the property and are just renting out a single room. There is no way you will get 30k in rent under the rules unless you can somehow get planning permission as a short term rental property.

That doesn't apply for holiday homes.

Kingp35

2ndcoming wrote: »

That doesn't apply for holiday homes.

I know that but it has to have specific planning permission as a holiday home. the article doesn't state if it does or not. You can't just call something a holiday home, it has to be designated as such.

Deebles McBeebles

Will this be properly enforced though? We have a history of bringing laws in and then forgetting about them due to lack of staff. Will there be loopholes for landlords to get around it even if it is enforced?

Alkers

ok it's not a rental but look at this place:
https://www.daft.ie/dublin/houses-for-sale/walkinstown/35-bunting-road-walkinstown-dublin-1954319/

Check it out on the satellite imagery if the above link doesn't show it, they've enclosed the entire rear garden in and somehow made 9 separate units out of the place - I'd say they're nightmare neighbours.

How they think that an illegal development in the back garden has almost tripled the value of the house though! And sad that the €70k in rent per annum figure is probably correct!

tara73

Simona1986 wrote: »

ok it's not a rental but look at this place:
https://www.daft.ie/dublin/houses-for-sale/walkinstown/35-bunting-road-walkinstown-dublin-1954319/

Check it out on the satellite imagery if the above link doesn't show it, they've enclosed the entire rear garden in and somehow made 9 separate units out of the place - I'd say they're nightmare neighbours.

How they think that an illegal development in the back garden has almost tripled the value of the house though! And sad that the €70k in rent per annum figure is probably correct!

crazy. no pics of the 'units' though. why not one ask themselves..:rolleyes:

M.Cribben

Simona1986 wrote: »

ok it's not a rental but look at this place:
https://www.daft.ie/dublin/houses-for-sale/walkinstown/35-bunting-road-walkinstown-dublin-1954319/

Check it out on the satellite imagery if the above link doesn't show it, they've enclosed the entire rear garden in and somehow made 9 separate units out of the place - I'd say they're nightmare neighbours.

How they think that an illegal development in the back garden has almost tripled the value of the house though! And sad that the €70k in rent per annum figure is probably correct!

I just checked South Dublin CC planning register and there's no entries for that address so unless it's exempt development (a lot of back garden, single storey development is exempt). Maybe 'change of use' planning should apply? I don't know. Either way I can't see many investors being interested.

Alkers

M.Cribben wrote: »

(a lot of back garden, single storey development is exempt).

I think only subject to constraints such as maximum size (40sq m?), size compared to existing dwelling and size of garden leftover - none of which it looks like these works would satisfy

M.Cribben

Simona1986 wrote: »

I think only subject to constraints such as maximum size (40sq m?), size compared to existing dwelling and size of garden leftover - none of which it looks like these works would satisfy

Hope the buyer has a decent solicitor/surveyor !

Thargor

5000 new Facebook jobs coming to Dublin, should be a cause for celebration but this thread was my first thought...

WTF is the government thinking? New builds are still miles below basic maintenance level, how bad will it have to get?

engiweirdo

Thargor wrote: »

5000 new Facebook jobs coming to Dublin, should be a cause for celebration but this thread was my first thought...

WTF is the government thinking? New builds are still miles below basic maintenance level, how bad will it have to get?

Software developer position available. €95k pa. Stock options. And a free tent.

[Deleted User]

engiweirdo wrote: »

Software developer position available. €95k pa. Stock options. And a free tent.

or sleep under your desk!

retalivity

Thargor wrote: »

5000 new Facebook jobs coming to Dublin, should be a cause for celebration but this thread was my first thought...

WTF is the government thinking? New builds are still miles below basic maintenance level, how bad will it have to get?

This 'cottage' right next door to the bankcentre sold today for 470000. Its basically 4 walls and is in an area prone to flooding, but hey - location baby!

https://www.irishtimes.com/life-and-style/homes-and-property/new-to-market/four-down-at-heel-walls-in-ballsbridge-sell-for-470-000-1.3689679?mode=amp

Loughc

Thargor wrote: »

WTF is the government thinking? New builds are still miles below basic maintenance level, how bad will it have to get?

More taxes, bigger public servant pay increases and increased rents for their rental properties is prob what they are thinking.

redcup342

Loughc wrote: »

More taxes, bigger public servant pay increases and increased rents for their rental properties is prob what they are thinking.

check_six

Simona1986 wrote: »

ok it's not a rental but look at this place:
https://www.daft.ie/dublin/houses-for-sale/walkinstown/35-bunting-road-walkinstown-dublin-1954319/

Check it out on the satellite imagery if the above link doesn't show it, they've enclosed the entire rear garden in and somehow made 9 separate units out of the place - I'd say they're nightmare neighbours.

How they think that an illegal development in the back garden has almost tripled the value of the house though! And sad that the €70k in rent per annum figure is probably correct!

This place was up for sale for €1.5M back in 2008! :eek::eek::eek:

Don't know if it sold though. Owner tired of hoovering up 70k rent per year??

AlmightyCushion

Thargor wrote: »

5000 new Facebook jobs coming to Dublin, should be a cause for celebration but this thread was my first thought...

WTF is the government thinking? New builds are still miles below basic maintenance level, how bad will it have to get?

What do you mean, what were the government thinking? The government can't tell Facebook to stop hiring people.

Aglomerado

Not funny but significant as it once belonged to Ireland's oldest man, close to where I grew up. A real time capsule and full of character

http://www.gvp.ie/cgi-bin/ICS/GVP/prevobj6.cgi?obj=GVP0000270

ArnoldJRimmer

Aglomerado wrote: »

Not funny but significant as it once belonged to Ireland's oldest man, close to where I grew up. A real time capsule and full of character

http://www.gvp.ie/cgi-bin/ICS/GVP/prevobj6.cgi?obj=GVP0000270

He clearly didn't spend much of his 106 years cleaning the place anyway

HeidiHeidi

Aglomerado wrote: »

Not funny but significant as it once belonged to Ireland's oldest man, close to where I grew up. A real time capsule and full of character

http://www.gvp.ie/cgi-bin/ICS/GVP/prevobj6.cgi?obj=GVP0000270

Aw jeepers, that's kinda sad.....

[Deleted User]

Aglomerado wrote: »

Not funny but significant as it once belonged to Ireland's oldest man, close to where I grew up. A real time capsule and full of character

http://www.gvp.ie/cgi-bin/ICS/GVP/prevobj6.cgi?obj=GVP0000270

Interesting "features"

Other Features

No water supply. Previous owners probably used rainwater
No septic tank. Planning will be required
No central heating
No bathroom or toilet
Neighbour nearby
Reasonably good quality land with great views from hill
BER exempt

Just a single neighbour, unless you like solitude it could get very lonely if you fall out with them.

Surreptitious

Aglomerado wrote: »

Not funny but significant as it once belonged to Ireland's oldest man, close to where I grew up. A real time capsule and full of character

http://www.gvp.ie/cgi-bin/ICS/GVP/prevobj6.cgi?obj=GVP0000270

Some of those pictures look like an Art installation or photography project. There's something kind of sparse and beautiful about it all.

Aglomerado

Surreptitious wrote: »

Some of those pictures look like an Art installation or photography project. There's something kind of sparse and beautiful about it all.

I think so too, a real feeling of a bygone age. I knew many houses like this in Clare and I'm only slightly north of 40.
This man was very happy, fit and healthy for almost all his life.