Yeah Ashmount is Mayfield really, they just like to put Tivoli as the address because it “sounds better” - I live very near it, haven’t heard anything bad about the area, quite a lot of houses up there.
Shandon now officially a 300k+ area
and this went for 320k - am I reading that correctly ?
5 Old Friary Place, Off Shandon Street Cork City, Cork T23 WK4V (auctioneera.ie)
I think people are underestimating just how much some people want outdoor space. A reasonably sized, central house with a garden/patio would be a great combination for some people (young professionals without kids).
I've been living in the city centre for 20+ years but I'd kill to have some outdoor space along with it.
I thought I was earning a decent wage (being in the highest tax bracket and all) until I started looking to buy a house! Some people must be pulling in mad money to be able to afford those prices.
Wow, that's a huge jump in prices in the last few months. Glad I moved there before the price of admission went out of reach, nore a fluke than great foresight on my part. Tbh it's a good spot to live, very close to town & lots of character as well. If only the council would sort something out with the old craft centre before it falls down now.
I know someone who bought something very similar, only with no garden, for €330,000 in 2006 for context.
Are they still living there? I was renting in Shandon for a while a few years back and I was staying in an old damp, cold and poorly insulated house. It is one of the main apprehensions I would have about moving back to the area.
No, they sold it at a big loss a few years ago 🤦♀️ It was beautifully modernised inside before they bought it so that pushed the price up, but I think they avoided the worst of issues like damp and cold as a result too.
To be honest, it was always a bad choice as they were always planning to have a family eventually and the house wouldn’t have been suitable for kids, but I think they were banking on either A) the market staying strong indefinitely or B) earning enough to rent that place out and buy another bigger place. Neither of those things happened! Even now they’d probably struggle to break even, if they’d hung on to it.
I remember thinking like that in our early 30s, before we bought. ‘Surely we’re making a competitive amount and can afford a good house in a decent area’.
It’s worth looking at people in the market to set your expectation accordingly
in 2019 the median disposable income for the south west was 45351. This means that half of all households in Cork/Kerry take home more than 45351 per annum, or just under 4K per month net of taxes and social transfers like children’s allowance. There’s lots of higher earners not in the market (already bought) but lots of lower too (retired or unable to buy).
A good example of a house buyer in cork might be two people working for multinationals. A software engineer, business analyst or PM, process engineer aged 32 would have 8-10 years experience and will have a gross income of anything from 50k-85k depending on experience and breaks; a couple in such jobs might have a combined income of at least 100k, but possibly 120-140k range. they can borrow 350k-490k without breaking the 3.5 x rule, as long as they have the deposit. So they can spend 390ish to 545k on a 90% mortgage and won’t blink at a decent sized semi in Carrigaline/Ballincollig for that if it’s shiny and new.
a lot of other folks are in the 80k combined income bracket, and would be able to spend about 312K on a house.
The problem you have is all the couples on 80k, 90k, 100k are blinking/panicking and over paying for very average places as they see the size and areas they can afford slipping away.
I’d hate to still be in the market. I’ll give people useful advice I once got before we bought, from someone with regrets: ‘we went for the shiny turkey house and ended up hating where we lived, needing the car for everything, crap transport. Buy the best house you can afford, in an area you actually want to live, and that meets your needs now. Forget about spare rooms, garages, big gardens and live somewhere you’d be happy to walk outside your front door and go for breakfast/coffee/pints whatever you do for fun’. We bought very close to the city centre with very small garden but private parking. We have kids now and we can push a buggy to a park with swings, to the marina, to town etc and you know what, location was more important than a big garden with sun on it all day long.
I’m from the suburbs originally but I’d take a near to centre 3 bed over a 4 bed in Carrigaline/Douglas/Glanmire that’s 20 mins walk from the town core and 15 mins from the bus. So lots of people are happy to spend their budget in areas like Shandon/low road that have come up here with noting but a small deck/yard and a short walk to a social life.
Good luck out there!
Seems like deja vu with the recently modernised properties we've been seeing cropping up across the city for an eye watering amount! I've forgotten about the people who envisaged becoming landlords off the face of one property, hope we don't see a return to this anytime soon.
Anyone have any thoughts on this property? https://www.myhome.ie/residential/brochure/42-grattan-street-cork-city-centre-sth-cork-city/4502727
I quite like it and wouldn't be entirely against the area, the rooms do seem quite small but might be possible to do some rearranging?
I see that the place in 118 Lower rd. is still for sale:
I wonder is there a problem?
That's no longer available. Probably re-uploaded by mistake?
I walk past there most days going to work, didn't notice any for sale signs. The area wouldn't is fine from what I see although that road can get busy at times. Depending on where the house is, the neighbours might be the old folks home so they're unlikely to partying all night :)
Must have been. I thought I had seen it go sale agreed earlier.
Really? That was back in the good old days.
https://www.daft.ie/for-sale/terraced-house-20-dominic-street-co-cork/3488823
How are people finding Cork City market in recent weeks and months. Not bid on anything since Aprilish time. Kinda took a break after being left disillusioned by one bidding process. Just wondering are things still fairly bad or any sign of market cooling.
Our higher tax band kicks in at only 35k. That’s below the average wage (41k)
Think this is a great price, very close to the city center and modern interior with 3 good sized bedrooms. I wonder will it go for more? https://www.daft.ie/for-sale/end-of-terrace-house-33-tyrone-place-tower-street-co-cork/3502977
Any of you any experience buying through Auctioneera?.A house that spiked our interest had a bid matching the asking price.The 2 week period came and went,house back up again with no offers.Is there loads of time wasters putting in bids on this site?.When you put in a bid,do Auctioneera contact you to see are you serious and what your status is etc?.
Be curious to hear any opinions dealing with Auctioneera from a buyer point of view.
A Clickbait price I'd say!
No sign of it cooling from what I've seen. I've bid on 3 houses since June and been outbid each time, usually the bidding goes crazy over a 24 hour period where I've seen jumps of over 40k before I abandoned it and frankly its madness what some of them are going for. In one case I was back to the agent less than 5 minutes after they emailed me about a bid but even so what I went back with had already been exceeded.
That's just depressing stuff 😔
Although not in cork, bids started at 370,000 and sold for 565,000 😷🤐
https://reaspratt.bidnow.ie/lot/details/49635
Wow. It needs to be gutted.
Another mental price https://www.daft.ie/for-sale/detached-house-tamarisk-ballyhooly-road-ballyhooly-co-cork/3514378
https://www.daft.ie/for-sale/detached-house-naomh-treasa-4-murmont-drive-montenotte-co-cork/3517459
Good value......😲😲
Throw another couple of hundred grand on that to make it liveable. The state of the dampness and rotting ceiling in the kitchen!!
Unbelievable - they have some cheek charging that!!
Anyone have 5 mill to spare ? 😀 Raffeen, Scilly, Kinsale, Co. Cork is for sale on Daft.ie
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