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Property Market in Waterford

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    #752
    smellyoldboot
    Banned (with Prison Access) Posts: 1,075 ✭✭✭smellyoldboot


    hardybuck wrote: »
    Many buyers are happy enough to purchase a property in that condition as they'll be taking a sledgehammer to most of it anyway.

    Mahogany Units are on their way back into fashion too BTW.

    I think the problem is, in most such cases , the property is priced as if the sledgehammer has already been wielded and renovation work taken place.


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    #753
    hardybuck
    Registered Users Posts: 5,159 ✭✭✭hardybuck


    smellyoldboot wrote: »
    I think the problem is, in most such cases , the property is priced as if the sledgehammer has already been wielded and renovation work taken place.

    Yeah but that's another story to be fair. With the introduction of the price register I think there's a lot more transparency in relation to prices which is good for all concerned.

    If the agent/owner seeks a price out of kilter with other properties in the area it'll be fairly obvious.

    Many agents will deliberately price it a bit under the desired level to get bidders interested and competing against each other.


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    #754
    spaceCreated
    Registered Users Posts: 387 ✭✭spaceCreated


    hardybuck wrote: »
    Yeah but that's another story to be fair. With the introduction of the price register I think there's a lot more transparency in relation to prices which is good for all concerned.

    If the agent/owner seeks a price out of kilter with other properties in the area it'll be fairly obvious.

    Many agents will deliberately price it a bit under the desired level to get bidders interested and competing against each other.

    I think the price register has a delay in getting updated though, it gives you a guideline but could be improved on I think.


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    #755
    hardybuck
    Registered Users Posts: 5,159 ✭✭✭hardybuck


    spaceCreated wrote: »
    I think the price register has a delay in getting updated though, it gives you a guideline but could be improved on I think.

    Yeah some sales take months to clear also. Room for improvement but it cuts through a lot of messing that took place before.


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    #756
    Hoffmans
    Registered Users Posts: 1,069 ✭✭✭Hoffmans


    Do they still do those 20ft radiators anywhere
    Check out this property I found using Daft

    www.daft.ie/13339171
    Worst stretching job on daft...


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    #757
    The Continental Op
    Registered Users Posts: 6,196 ✭✭✭The Continental Op


    Hoffmans wrote: »
    Do they still do those 20ft radiators anywhere
    Check out this property I found using Daft

    www.daft.ie/13339171
    Worst stretching job on daft...

    And doors you could drive a tank through.

    Wake me up when it's all over.



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    #758
    hardybuck
    Registered Users Posts: 5,159 ✭✭✭hardybuck


    Hoffmans wrote: »
    Do they still do those 20ft radiators anywhere
    Check out this property I found using Daft

    www.daft.ie/13339171
    Worst stretching job on daft...

    I think an investor will get a net yield of 7-8% on that property after it gets a quick spruce up.


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    #759
    Harry Palmr
    Closed Accounts Posts: 40,061 ✭✭✭✭Harry Palmr


    I was looking at a house on my estate for research purposes which was the same design and looked about twice the size in every direction. Comical how distorted it was really.


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    #760
    Hoffmans
    Registered Users Posts: 1,069 ✭✭✭Hoffmans


    Derlict wall for sale only 50k ,2007 groundhog agents.
    Check out this property I found using Daft

    [url]Https://www.daft.ie/13736614[/url]


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    #761
    hardybuck
    Registered Users Posts: 5,159 ✭✭✭hardybuck


    Hoffmans wrote: »
    Derlict wall for sale only 50k ,2007 groundhog agents.
    Check out this property I found using Daft

    [url]Https://www.daft.ie/13736614[/url]

    At least your demolition costs won't be as high!


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  • Options
    #762
    smellyoldboot
    Banned (with Prison Access) Posts: 1,075 ✭✭✭smellyoldboot


    Hoffmans wrote: »
    Derlict wall for sale only 50k ,2007 groundhog agents.
    Check out this property I found using Daft

    [url]Https://www.daft.ie/13736614[/url]

    But you get a 0.01 acre site with road frontage.


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    #763
    johnnykilo
    Registered Users Posts: 1,154 ✭✭✭johnnykilo


    That's the famous "gas" house explosion! Although it wasn't actually a gas explosion, more a bathtub full of white spirits.

    https://www.facebook.com/watch/?v=1732967630123354


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    #764
    Wanderer78
    Registered Users Posts: 28,805 ✭✭✭✭Wanderer78


    johnnykilo wrote:
    That's the famous "gas" house explosion! Although it wasn't actually a gas explosion, more a bathtub full of white spirits.


    Was there petrol as well? Houses were destroyed after it


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    #765
    johnnykilo
    Registered Users Posts: 1,154 ✭✭✭johnnykilo


    Wanderer78 wrote: »
    Was there petrol as well? Houses were destroyed after it

    Possibly and/or petrol alright. The house was basically full of flammable liquid which is perhaps somewhat expectedly, why it exploded


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    #766
    Wanderer78
    Registered Users Posts: 28,805 ✭✭✭✭Wanderer78


    johnnykilo wrote:
    Possibly and/or petrol alright. The house was basically full of flammable liquid which is perhaps somewhat expectedly, why it exploded

    Was told the house was full of containers of petrol, hence the explosion, the whole street was lucky that night, I know someone living on that row, scary stuff


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    #767
    johnnykilo
    Registered Users Posts: 1,154 ✭✭✭johnnykilo


    Wanderer78 wrote: »
    Was told the house was full of containers of petrol, hence the explosion, the whole street was lucky that night, I know someone living on that row, scary stuff

    Yeah I heard the same thing. I'm from around there and would know a lot of the neighbours, so I know the details.

    Sure it blew the roof straight off the house, and there was structural damage to the houses either side, the one on the left had to be completely rebuilt because of it.


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    #768
    Wanderer78
    Registered Users Posts: 28,805 ✭✭✭✭Wanderer78


    johnnykilo wrote: »
    Yeah I heard the same thing. I'm from around there and would know a lot of the neighbours, so I know the details.

    Sure it blew the roof straight off the house, and there was structural damage to the houses either side, the one on the left had to be completely rebuilt because of it.

    was looking at it after the fact, some damage, everyone was lucky to get out of that one


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    #769
    Harry Palmr
    Closed Accounts Posts: 40,061 ✭✭✭✭Harry Palmr


    Paddocks site sold for 4m+

    https://waterford-news.ie/2021/03/04/prime-development-land-sells-for-over-e4m/


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    #770
    BBM77
    Registered Users Posts: 1,874 ✭✭✭BBM77


    Harry Palmr wrote: »
    Paddocks site sold for 4m+

    https://waterford-news.ie/2021/03/04/prime-development-land-sells-for-over-e4m/

    https://www.independent.ie/business/commercial-property/sites-sell-in-waterford-and-sandyford-for-over-4m-each-40156150.html

    Yes, very positive looking for Waterford. Nearly €800,000 over the guide price.


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    #771
    Harry Palmr
    Closed Accounts Posts: 40,061 ✭✭✭✭Harry Palmr


    Just on this positive news - at zone S1 planning level which takes in like of Williamstown road, being fully serviced standard, it would mean 10 dwelling units per acre x 28. So 280 homes give or take

    Have a look at
    https://www.waterfordcouncil.ie/media/plans-strategies/development-plan/county/Volume%201%20-%20Written%20Statement/Chapter%2010.pdf

    Table 10.4: Minimum Standards for Housing Estate Developments in Urban Areas.


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    #772
    Wanderer78
    Registered Users Posts: 28,805 ✭✭✭✭Wanderer78


    BBM77 wrote: »
    https://www.independent.ie/business/commercial-property/sites-sell-in-waterford-and-sandyford-for-over-4m-each-40156150.html

    Yes, very positive looking for Waterford. Nearly €800,000 over the guide price.

    positive for who exactly?


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    #773
    BBM77
    Registered Users Posts: 1,874 ✭✭✭BBM77


    Wanderer78 wrote: »
    positive for who exactly?

    Certainly not for you anyway :D


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    #774
    Wanderer78
    Registered Users Posts: 28,805 ✭✭✭✭Wanderer78


    BBM77 wrote:
    Certainly not for you anyway

    I'm fine, but I suspect it's not positive news for those seeking housing, as land speculation is just another factor pushing up prices, but not to worry, more of your taxes will be required to sort the issue


  • Options
    #775
    pearsebhoy
    Banned (with Prison Access) Posts: 31 ✭pearsebhoy


    Wanderer78 wrote: »
    positive for who exactly?

    for the few developers in the country who own all the ****ing land, that's who. getting so depressed now trying to get a house. work my ****ing balls off and was offered literally nothing from the banks for a mortgage because we have 4 children and the wife can't work due to one of the children being special needs


  • Options
    #776
    Wanderer78
    Registered Users Posts: 28,805 ✭✭✭✭Wanderer78


    pearsebhoy wrote: »
    for the few developers in the country who own all the ****ing land, that's who. getting so depressed now trying to get a house. work my ****ing balls off and was offered literally nothing from the banks for a mortgage because we have 4 children and the wife can't work due to one of the children being special needs

    the state is actually the largest land owner, but the state doesnt want to truly get involved in building homes, it has largely left this to the fire sectors(finance, insurance and real estate), whos main aim is to cause prices to rise, so.......


  • Options
    #777
    spankmemunkey
    Registered Users Posts: 2,017 ✭✭✭spankmemunkey


    pearsebhoy wrote: »
    for the few developers in the country who own all the ****ing land, that's who. getting so depressed now trying to get a house. work my ****ing balls off and was offered literally nothing from the banks for a mortgage because we have 4 children and the wife can't work due to one of the children being special needs


    The social system in this country is fkd up, you work hard break your balls to try get something and you get run into ground, my neighbour is on social has same house as me council pays for it, they're on the dole loadsa kids, going for a walk in their spandex training gear while I'm passing by going to the suppliers, drive back into my estate on the way home from work and think how is the social system fair, there they are pulling into their driveway in a relatively new car stress free. If they are sick they get free health insurance and don't lose a dole payment, if i get sick and don't go to work i lose a days pay and if I'm out longer i have to go to the doctor pay 65 euro to see him then pay for an antibiotic if needed, and when I'm working I'm paying for the free loaders

    There is no incentive for people to work in this country, we have people working in our company who do X's and O's despite the fact that there's more hours available, and then there's positions we just cant fill cos some of them don't want to lose their benefits FIS etc absolutely shocking, my mother had 2 jobs and we didn't have a pot to piss in.


  • Options
    #778
    Wanderer78
    Registered Users Posts: 28,805 ✭✭✭✭Wanderer78


    spankmemunkey wrote: »
    The social system in this country is fkd up, you work hard break your balls to try get something and you get run into ground, my neighbour is on social has same house as me council pays for it, they're on the dole loadsa kids, going for a walk in their spandex training gear while I'm passing by going to the suppliers, drive back into my estate on the way home from work and think how is the social system fair, there they are pulling into their driveway in a relatively new car stress free. If they are sick they get free health insurance and don't lose a dole payment, if i get sick and don't go to work i lose a days pay and if I'm out longer i have to go to the doctor pay 65 euro to see him then pay for an antibiotic if needed, and when I'm working I'm paying for the free loaders

    There is no incentive for people to work in this country, we have people working in our company who do X's and O's despite the fact that there's more hours available, and then there's positions we just cant fill cos some of them don't want to lose their benefits FIS etc absolutely shocking, my mother had 2 jobs and we didn't have a pot to piss in.

    our housing issues have little or nothing to do with the welfare classes, we have gone down a cul de sac, as most countries have over the last few decades, and have passed this critical social need over to the fire sectors(finance, insurance and real estate), to provide us with this need, but the core goal of these sectors is to 'maximize share holder value', it does this by continually driving up land and property values. we also continually elected governments that encourage and facilitates these outcomes, as we currently have again, and surprise surprise, we re experiencing the same outcome! and to add insult to injury, we have also encouraged and facilitated, a reduction in workers rights, an increase in employment precariousness, maintained low wage inflation compared to this high asset price inflation, add all that up, and you ve one big pile of sh1t! oh and again, thats got fvck all to do with the welfare classes, and its all easily visible in the data


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