Cherrywood Houses

I see the prices for Cherry Lane have just been released, got a mail from them this morning and I am now horrified by the prices, what do other people think? It is like deja vu to 2007 and anyone that buys them will likely end up with a house worth less than they paid for it as they are completely outrageous. I feel sorry for people that are trying to buy them I certainly wouldn't pay those prices.

We will have a selection of beautifully designed houses launching in November 2021.

2 Bedroom Houses

from €555,000 (87 sqm/934 sqft)

3 Bedroom Houses

from €635,000 (113 sqm/1214 sqft)

4 Bedroom Houses

from €740,000 (145 sqm/1558 sqft)

Yeah i remember them saying most of them would be affordable, I guess they got greedy! If people buy them then this madness continues. I have so many friends that went into negative equity in the last crash, do people not think of these things? people need to wake up

Its totally and utterly insane, I will be looking for my own kids to emigrate as I see no future for them here when an area that we were told will be affordable comes out at these prices. I was even thinking of buying one a while back absolutely no way.....

The four beds where ment to be around 640-650k. the 3 beds 550-560. (been told by SF in May/June)

This turned into pure greed. They can't tell us, it's due to the increase of product prices due to shortage blablabla. The same houses (generally for all new builds) are being build outside of Dublin and sold for half the price, while it doesn't go up in price either.

It's turning really nasty, they are covering their covid loses over our backs.

Clay farm prices, they sent a mail one afternoon at 2.37pm, I registered close to about 3pm for viewing. Received mail next morning that viewing was full by the time I registered, so I won't be offered a viewing. If any of the houses remain after viewing, they will be in touch.

Prices were as below, first 2 are 3 beds and next 2 are 4 beds

Fern-€535,000

Bilberry-€595,000

Rowan-€675,000

Hawthorn-€695,000

Genuine question, how is a 2 bed of 87sqm going for 555k? That seems genuinely outlandish and I've gotten quite used to seeing some crazy prices. If it was Dalkey, Foxrock, Blackrock or somewhere established and desireable - I could attempt to justify it (but likely fail). But I'm at an absolute loss as to how it can be that price in Cherrywood?

I can only assume they are pricing them this high because they are banking on the council buying them and seeing the stupid amount of money councils have been spending buying houses off the private market it wouldnt surprise me if they snapped this up. Seriously though who in the name of god has nearly 3/4 of a million and decides to buy in Cherrywood of all places its insane!

This is an absolute joke. A 2 bed for €555k?! In Cherrywood?! How are normal people supposed to buy their own homes with prices like this. It's like 2006 all over again.

This travesty seems setup for the REITs to buy and lease them back to Dun Laoghaire/Rathdown CC for €3k-€4k a month for 30 years.

At prices like those I can see the vast majority of this development being a social housing ghetto.

As a single person looking to buy in Dublin in the next few years, I weep for my future.

Is the specs good for the price?

House prices will go for whatever price the market demand determines. Developers don’t just pluck a number out of thin air and hope it sells at that price.

if there are 100 houses available and 100 people are willing to pay 555k for a 2 bed then why would the developer sell them for less?

They really aren't the same as you can't live in stock or crypto currency. I do think the prices are crazy but I saw people pay way more for property on South Side Dublin all the time. A person I know bought a house in Stillorgan and I can't get over how much smaller it is than my house and how much more it cost and is valued at. They can't fit standard single beds in 2 of the bedrooms and you can't walk around the bed, the front "garden" is about the size of a door mat, back garden is a patio about 10sqm, a living room double doors into kitchen dinner. When their kids become teenagers the house is going to feel so cramped and there is no privacy as the walls are like paper. Old corporation houses were better built and bigger. He is quite snobby about the location but the traffic is horrendous near him and he works in town so has a long commute time. Kids have to be driven to school as it is too dangerous for them to walk.

People choose this and are actually happy to be in a "better" neighborhood but I personally don't see the value but I don't think they are fools as prices have proven them right over time. His house is worth way more than mine and increased by a higher percentage. Personally I prefer owning another property and will retire before him and have a much more comfortable living space.

Ya I wouldn’t buy one myself but it seems like there are a large cohort of people who just want to get ‘on the ladder’ and will buy any new-build that they can get a mortgage for. It’s a herd mentality right now so I don’t think a lot of people are diligently weighting up the pros and cons of a unit.

Maybe you are asking the wrong question and can't think outside your own social group. There are a lot of assumptions from you without considering the world outside of what you are familiar with. Two bedroom places are not just starter homes and many people downsize after selling very expensive properties. Some will be a bolt holes for occasional visits to Dublin/Ireland etc... Options you aren't considering over a small amount of properties in one of the most expensive parts of the country.

Look at the council houses built all around the country and compare prices compare one house in Donegal with one in Howth. What kind of price difference do you think their should be? Does it matter what you think as you aren't buying them either because you can't or not willing to pay the price? They aren't trying to sell to you and I doubt it matters you can't see the value. A Rolex is expensive but I don't want to wear one because I think they are tacky and overpriced others think differently.

they aren't for you if you can neither afford them nor willing to pay the price. Marketing follows a traditional model but why you emailed them is a mystery to me and of course they will engage you then. Marketing is not a laser guided thing and you will rarely find a direct marketing campaign on new housing for investors yet they still buy based on the material.

A bolt hole is not the same as a holiday home which kind of points out you don't really understand. Simply they are for people with more money and different priorities to you. There really doesn't need to be a massive amount of people to sell these to so just because you don't see it doesn't mean they aren't there whether you are confused or not. As I mentioned I know people who have expensive property but low quality of life with it