Cork Property Thread

Thanks guys, your comments have made me feel a bit better. Then I made a few calls and was put through to an assistant director of a big estate agency and they literally scoffed down the phone at me. I was brought up to never treat people like that and in my work place I think I’d get stabbed in the eye with a pen for speaking so rudely to someone and yet- an innocent person putting their everything into a fairly generous budget (means nothing in this market I know) gets scoffed at and spoken down to…

theres nothing wrong with telling people what the don’t want to hear but there’s just no need to be rude and unprofessional in my opinion. We’ve dealt with six different agencies now and the bigger the agency, the rider and more unprofessional the agents. I can hand on heart say I’ve met one nice estate agent and he was a gentleman, that’s it.

I’ve really had enough, Cork is the pitts right now. I’m thinking about just moving away all together if we can get our jobs moved…

Yeah, that’s the right perspective alright. I guess it’s just a waiting game but that’s a horrible game for us as we are renting with smallies. Terrified of being asked to move and then needing to rent for an even higher monthly sum at the next place. Don’t want to upend the kids to much either. I wasn’t too stressed about this when pregnant but then again, I didn’t know a pandemic was around the corner- or how hard parent life is, again, especially in a pandemic. 💔

Just remembering today that an estate agent bullied us into offering 50K above asking despite no other offers on a house that was on the market 5 months. We initially felt obliged but then walked away because the whole operation was stink- people we knew in the area got onto us to say the house had a leak they were covering up.

The use of online bidding is relatively new. The house next door on market 3 weeks now, been ques of people into it. Something like 40 last week alone. Deadline for online bids closes at 2pm tomorrow. Currently 6 bids in, €14k over asking & I suspect the real action to happen from 12-2 tomorrow. Bit more transparent but I’d hate to be bidding. Was bad enough when I was looking in 2018 and was outbid on several before finding mine.

Serious demand & lack of supply especially in cork city centre area. Closest new builds are in Glanmire or by airport. So older houses in high demand & very few on market.

Bit different to 2006 scenario where there was an over supply but not sure where it will end.

And there’s a condition on that Fota one. Can only live in it 6 months per year. It’s a planning & tax regulation.

Just wondering if you were able to find out any more about this?

I know its nuts what do uppers are going for but I guess its location location location - I heard latest bid on this was ~380k ; 45 Belmont Park, Ballinlough, Co. Cork is for sale on Daft.ie

according to Register No 35 in that estate went for 520k !

Yeah I actually agree with you. It all comes down to location. For example that house has a good school, swimming pool, shop (JJ ODriscolls) and a nice park with playground all within a two minute walk.

I think if that house is going for 380k its at least 100k to modernise existing house. I think it is much more likely anyone buying a house like this will do some form extension. That could be anywhere from 200k to 350k plus based on extensions you normally see around that area. So I think people buying are often people with budget closer to 600k plus or aiming to grow into it. In that sense the area is becoming hard to buy in. I expect the flow of workers coming home from Dublin with higher salaries are behind a lot of the recent push up in prices.

What’s the fascination with Carrigaline? Most car dependent town in country.

Carrigaline is just one big ever expanding housing estate, its not terrible but doesn't have the character, services or amenities of Midleton or Ballincollig plus always seems to jammed full of traffic which hopefully will be reduced with the relief road and I heard they have started enabling works for the motorway to Ringaskiddy too.

Your 90% comment makes no sense when you consider how nice all of west Cork is too.

And probably another 30/40k kitting the place out. The negative of that is no HTB.

This house was up last year asking 650k. Checked register and went 20% over at 780k. With where renovation costs are at like this is huge price. Great location and detached but thats serious uplift in price for the area. Must be people moving back from Dublin and London etc.

Bidding on this place is at 330, first viewings were last week. Always get a bit worried when multiple houses in the same small area go up together.