2021 Irish Property Market chat - mod warnings post 1

Yurt2 · 06-04-2021 05:26PM

Foxrock is the most vanilla (blegh for want of a better word) suburb in South Dublin. Housing stock isn't amazing and has a bang of 1970s upwardly mobile off it. Wouldn't be paying any sort of mad money to live there.

Cyrus · 06-04-2021 05:35PM

Yurt! wrote: »

Foxrock is the most vanilla (blegh for want of a better word) suburb in South Dublin. Housing stock isn't amazing and has a bang of 1970s upwardly mobile off it. Wouldn't be paying any sort of mad money to live there.

there are some stunning houses in foxrock but at the 2.5m plus end of the scale.

Cyrus · 06-04-2021 05:36PM

DataDude wrote: »

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).

one of the most desired houses in blackrock i reckon, at least anyone i speak to about it :cool:

Villa05 · 06-04-2021 05:39PM

I hope no one takes offence, but I would have thought that people in the market for 1m plus houses would have much more important things to be doing than posting on boards

Maybe yer all property tycoons talking up the market

Cyrus · 06-04-2021 05:41PM

another strange one

https://www.myhome.ie/residential/brochure/south-shore-road-rush-dublin/4265093

Cyrus · 06-04-2021 05:42PM

Villa05 wrote: »

I hope no one takes offence, but I would have thought that people in the market for 1m plus houses would have much more important things to be doing than posting on boards

Maybe yer all property tycoons talking up the market

people who buy 1m houses are just people, why would they be any different than anyone else.

id suggest anyone using boards as a mechanism to talk up the market is a bit mad however.

DataDude · 06-04-2021 05:48PM

Villa05 wrote: »

I hope no one takes offence, but I would have thought that people in the market for 1m plus houses would have much more important things to be doing than posting on boards

Maybe yer all property tycoons talking up the market

You caught me..."DateDude"/"Dermot Desmond". Knew I should have made it less obvious.

Just saw this made €1.255m. What on earth - might be the most confusing price I have ever seen..

https://www.myhome.ie/residential/brochure/7-the-thicket-hainault-road-foxrock-dublin-18/4465676

JimmyVik · 06-04-2021 06:00PM

DataDude wrote: »

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).

I'll take that one in your link

hometruths · 06-04-2021 06:05PM

DataDude wrote: »

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).

That is a belter.

JohnnyChimpo · 06-04-2021 06:07PM

Villa05 wrote: »

I hope no one takes offence, but I would have thought that people in the market for 1m plus houses would have much more important things to be doing than posting on boards

Maybe yer all property tycoons talking up the market

You're under the all-too-common delusion that people who earn more work harder. Seems to be an inverse correlation in my experience

Hubertj · 06-04-2021 06:07PM

schmittel wrote: »

That is a belter.

No helipad

hometruths · 06-04-2021 06:11PM

Villa05 wrote: »

I hope no one takes offence, but I would have thought that people in the market for 1m plus houses would have much more important things to be doing than posting on boards

Maybe yer all property tycoons talking up the market

That's what I love about boards - you have very little idea of who you might be sharing opinions with, and thus it means (or it should mean) that you focus on entirely on the quality of what they post, with no preconceived notions of whether or not their opinion is likely to be right.

People who buy 1m+ houses can be just as right or wrong as anybody else.

Equally there are people who are struggling to pay next months rent who have more between their ears than many of those living in the highest value houses in the country.

Plus - there's a lockdown on. What else are all the millionaires going to do with their time at the minute?!

The_Conductor · 06-04-2021 06:27PM

DataDude wrote: »

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).

Even €855k seems aspirational- as for the asking price of €2.65m- its laughable.
The current owner spent over a million on reinserting load bearing walls into the property- as a previous owner had taken them out and the centre of the house was 'sagging'..........

It may have a cinema room- and enough high end kitchen white goods to make Gordon Ramsay jealous- but seriously, the price tag is just unreal.

DataDude · 06-04-2021 06:29PM

The_Conductor wrote: »

Even €855k seems aspirational- as for the asking price of €2.65m- its laughable.
The current owner spent over a million on reinserting load bearing walls into the property- as a previous owner had taken them out and the centre of the house was 'sagging'..........

It may have a cinema room- and enough high end kitchen white goods to make Gordon Ramsay jealous- but seriously, the price tag is just unreal.

It made €2.95m in the end...
https://www.propertypriceregister.ie/Website/npsra/PPR/npsra-ppr.nsf/eStampUNID/UNID-693AE95832CE02E58025842C00477876?OpenDocument

I walk by it most days. It's probably one of the nicest houses I've ever seen in person. Were it to go again it would easily clear €3m.

The_Conductor · 06-04-2021 06:34PM

DataDude wrote: »

It made €2.95m in the end...
https://www.propertypriceregister.ie/Website/npsra/PPR/npsra-ppr.nsf/eStampUNID/UNID-693AE95832CE02E58025842C00477876?OpenDocument

I walk by it most days. It's probably one of the nicest houses I've ever seen in person. Were it to go again it would easily clear €3m.

Wow- just wow.
If I had money like that- I'd certainly not be investing it in property in Ireland, irrespective of how nice it was.

That price is just staggering.

Cyrus · 06-04-2021 06:36PM

The_Conductor wrote: »

Wow- just wow.
If I had money like that- I'd certainly not be investing it in property in Ireland, irrespective of how nice it was.

That price is just staggering.

Is it ? Large turn key house right in the centre of a desirable suburb with sea views , it’s about as desirable as it gets.

Previous owner had a 911 turbo as well, probably made money on that too

Pussyhands · 06-04-2021 06:38PM

Do you need to show proof of anything when bidding to an agent? Or do they accept bids from anyone?

hometruths · 06-04-2021 06:43PM

Cyrus wrote: »

Is it ? Large turn key house right in the centre of a desirable suburb with sea views , it’s about as desirable as it gets.

I agree, and I'm as about as bearish as you can get on the overall market and think most of what is offered is overpriced and driven by disfunction.

I certainly would not call this good value but I can get my head around why somebody might pay big bucks for it, far more than I can understand somebody paying 1m to live in a meh housing estate in Foxrock/Cornelscourt.

DataDude · 06-04-2021 06:45PM

schmittel wrote: »

I agree, and I'm as about as bearish as you can get on the overall market and think most of what is offered is overpriced and driven by disfunction.

I certainly would not call this good value but I can get my head around why somebody might pay big bucks for it, far more than I can understand somebody paying 1m to live in a meh housing estate in Foxrock/Cornelscourt.

Will third this. It's an unfathomable amount of money to be able to spend on a house. But if I won the Euromillions and it came on the market again, I'd be bidding on it.

woejus · 06-04-2021 07:04PM

DataDude wrote: »

It made €2.95m in the end...
https://www.propertypriceregister.ie/Website/npsra/PPR/npsra-ppr.nsf/eStampUNID/UNID-693AE95832CE02E58025842C00477876?OpenDocument

I walk by it most days. It's probably one of the nicest houses I've ever seen in person. Were it to go again it would easily clear €3m.

Unmolested seaviews in SoCoDu are a rarity. They always serve to back up the price when you view a place with one. There's never going to be an apartment block, a shopping centre or a halting site built in the bay outside that house.

The equivalent in Spain or Portugal is "first-line" or "front-line" - you're paying over the odds for the guarantee nothing bad is going to happen to the front of your property or views.

That house is tastefully re-done, all the engineering issues have been taken care of. Period houses are a box of unknowns, and it seems they've all been sorted in this one; the price reflects this.

standardg60 · 06-04-2021 07:39PM

woejus wrote: »

Unmolested seaviews in SoCoDu are a rarity. They always serve to back up the price when you view a place with one. There's never going to be an apartment block, a shopping centre or a halting site built in the bay outside that house.

The equivalent in Spain or Portugal is "first-line" or "front-line" - you're paying over the odds for the guarantee nothing bad is going to happen to the front of your property or views.

That house is tastefully re-done, all the engineering issues have been taken care of. Period houses are a box of unknowns, and it seems they've all been sorted in this one; the price reflects this.

Given the purchase price in an extremely distressed market and the similarly then competitive construction costs the price does indeed seem reasonable.

But we are hardly talking about a market in which recourse to mortgages is relevant.

Given the sale was nearly two years ago would be very interesting to see a current valuation though. Personally wouldn't surprise me to see another million on it.

standardg60 · 06-04-2021 07:56PM

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

I knew i recognised that facade from somewhere.

The Amityville Horror.

06-04-2021 07:59PM

Pussyhands wrote: »

Do you need to show proof of anything when bidding to an agent? Or do they accept bids from anyone?

I needed a written AIP to be able to put in an offer on the place I just bought. That was with Sherry Fitz. I assume is standard now once people start dropping out and you get to the serious bidders

TheoBane · 06-04-2021 09:40PM

Hey all,

It's been a few years since I have been on Boards, so go easy on me!

Just wondering if anyone knows what Ballybrack is like to live now, the latest information I can find is from 2016 and that it was slightly rough on the west side. But since then I haven't heard anything! Looking at a property off Military road, so I was wondering should I look into it more. I used to live in Dun Laoghaire, so i was thinking it might be similar?

06-04-2021 10:04PM

TheoBane wrote: »

Hey all,

It's been a few years since I have been on Boards, so go easy on me!

Just wondering if anyone knows what Ballybrack is like to live now, the latest information I can find is from 2016 and that it was slightly rough on the west side. But since then I haven't heard anything! Looking at a property off Military road, so I was wondering should I look into it more. I used to live in Dun Laoghaire, so i was thinking it might be similar?

Really depends where it is exactly.
Military road ballybrack is quite a short road with larger type houses. It is the quieter road in the village

awec · 06-04-2021 10:21PM

If I had 3 million to spend on a house I'd buy that Blackrock one no bother.

I'd say that must tick nearly every box.

Highly desirable location (Blackrock).
Large property (those period gaffs are huge, particularly ones with extensions).
South facing, private garden
Recently renovated to very high standard so should be no hidden gotchas.
Off street parking.
Sea view that will never be disturbed.
On a relatively quiet road.
30 second walk to Dart station.

What is going against it? Proximity to the dart line maybe.

RichardAnd · 06-04-2021 11:05PM

Pussyhands wrote: »

Do you need to show proof of anything when bidding to an agent? Or do they accept bids from anyone?

I asked an agent this recently just to see what he would say. HE said that they would ask for proof of funds to go sale agreed, but that I could make an offer "in the mean time". For the particular agent, any Joe Soap could offer any amount of money on a property.

The house I was asking him about has gone nearly 80k over the asking price within 3 days. I wonder why....

Villa05 · 06-04-2021 11:08PM

awec wrote:

Highly desirable location (Blackrock). Large property (those period gaffs are huge, particularly ones with extensions). South facing, private garden Recently renovated to very high standard so should be no hidden gotchas. Off street parking. Sea view that will never be disturbed. On a relatively quiet road. 30 second walk to Dart station.

Do people who buy a 3 million house use the Dart?

Sorry this is an education for me

Cyrus · 06-04-2021 11:40PM

Villa05 wrote: »

Do people who buy a 3 million house use the Dart?

Sorry this is an education for me

Why wouldn’t they ? Rich people aren’t immune from traffic , if it was handy to work you’d be a bit mad not to.

drunkmonkey · 07-04-2021 12:01AM

Meanwhile down near the other capital you can have the water views with space for a helipad and enough left over for a 911 turbo, helicopter and a modesty priced yacht.
https://www.daft.ie/for-sale/detached-house-windward-tisaxon-more-kinsale-co-cork/2577548

I was just reading an american article on 10 best places for americans to retire in Europe and Kinsale made the list.

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

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2021 Irish Property Market chat - mod warnings post 1