The_Conductor wrote: » Whats with the abnormally long lease though? Even a local authority lease- is normally for 10 year period, not longer (as they like to hand it back at that stage- aside from any other factor, it would probably need to be thoroughly redecorated).
guyfawkes5 wrote: » Maybe someone was desperate for steady income in the depths of the last recession and signed a very long lease.
ElBastardo1 wrote: » The fact there is no photos of the inside screams out to me there is more going on behind the scenes. A uncooperative tenant?
JJJackal wrote: » Least its clear why its 250,000. If bought at that 5.7% return per year. E1 energy rating. Suspect management fees are high. Might suit a cash buyer. Suppose thats why its cheap on BidX1
Claw Hammer wrote: » That is not the same apartment! Furthermore the apartment is occupied.
JJJackal wrote: » 250.000 in Grand Canal:https://bidx1.com/en/en-ie/auction/property/42829
Claw Hammer wrote: » It is being sold by sherry Fitzgerald. Where is it on Bidx1?
nerrad01 wrote: » you wont even get a 1 bed in those areas for that price
Marcusm wrote: » It states that there are 14 years left at that rate; would expect it doesn’t even benefit from 2/4% pa RPZ limit.
L1011 wrote: » Inattentive landlord that didn't raise bottom of market standing rent before the 1 year freeze (15/16 I think?) then RPZ came in is just as plausible.
Villa05 wrote: » Subject to a tenancy till 2034 @14500 per year. Corpo let?
TheSheriff wrote: » Perhaps people just looking to sell? Is it more than previously ?
Marius34 wrote: Like this one for 250.000 in Grand Canal, where in normal case it would sell for around 450.000:
Iceman29 wrote: » seeing a lot of properties advertised by bidx1 for auction. what would this suggest? banks selling them or people putting them up for auction themselves?
Iceman29 wrote: » I'd be suprised if they were seriously damaged. Most of them were in nice housing estates
Taylor365 wrote: » Damaged or war-torn legally probably?
Mr Hindley wrote: » Was that an open viewing i.e. you were all wandering around together? I assumed that they weren't allowed, although doesn't mean they won't happen, of course. Or did you all queue up and wait your turn?
Shelga wrote: » There were at least 10 people at a viewing of a horrible apartment I went to last night, although it was particularly cheap.
theintern wrote: » https://youtu.be/-09XmwnVwdc I found it a reasonable enough analysis. Take with a pinch of salt given it's an EA but I tend to agree with most of their arguments that we won't see a big change. Sure the demand will go down, but there's bugger all supply too.
TheSheriff wrote: » Did anyone tune into the Sherry Fitz webinar last week on the housing market ? Just had a quick skim through some of it there. Optimistic ( as expected for an EA), but some realistic arguments also re: demand versus supply. No ground breaking predictions made or strong conclusions drawn. Can't link now as on my mobile, but it's on YouTube.
TheSheriff wrote: » It will be a really shame if many of these are not built. They would make a dent in the serious lack of quality housing in Dublin, which persists, indifferent to Covid.
