Wrong thread
Comments like these have aged about as well as milk left in the sun
Seems quite lowly priced for area too. Modernised and extended but interesting ber is an E. Also seems to only be 3 bed with 4th requiring use of downstairs room. Beautiful house though. Will be strong demand.
Kinsale GAA have a house raffle at the moment.
Love this house. 2 negative points for me: it is missing a utility room (from the floor plan) and I can’t afford it.
I wish they could do raffles like in the UK so I can have hope for few weeks until the draw.
Current bids over 300K.
I'm assuming from the ad, that this was bought in poor state and renovated (to a certain standard) - but even at that at a significant premium!
Aw sorry. I mis read. They only recently bought and now looking to flip it for way more. Best of luck to them
Here’s a another one, bought for €170,000 on the 12 May 2023.
For sale today for €245,000.
167K on the Property Price Register.
Assuming that is 367k?
Saw this went for 1.1m in end
This seems suspiciously underpriced at €215,000 @ 128m2
Need work but for the size of it, I would have expected it to be around €260,000 when you compare it to how other houses in the area are priced.
I don't follow your train of thought... The 3 beds are owner occupied. Assuming allowing more borrowing did push up values, what is the point of your home being worth 500k or 400k? Even if you sold it, you still need to live somewhere, you're not going to move into a tent and live off the bank balance. This makes you a second time buyer. If anything, the CB rules penalised people already in their 3 beds, as the second time buyer rules became MORE restrictive, reducing the LTV band if they wanted to upsize.
These were the changes, in bold, right? These rule changes seem to be intended to make it easier for FTB, and more difficult for second time buyers. I'm assuming this is to give the FTB an advantage in bidding against a STB. Deposit is equal, but the FT Buyers can borrow more.
New builds are madness with all the various schemes you can buy 380k house with a 240k mortgage
To keep asset prices high, these are all government led proposals. Ff and fg core voter base are happy their 3 bed end of terrace is worth half a million.
There's still lot of money out there chasing limited number of properties. An end of terrace that we saw had bids 100k over guide price and similarly another semi-d was up 50k. Even the new build prices are increasing - Abbey fort kinsale went up by 30k compared to what they were 2-3 months ago.
I think there is some urgency out there, people wanting to get a mortgage drawn down before the lending system potentially tightens up again. Properties I had up for rent due to changing tenant, had offers to buy placed. That hasn't happened in a few years.
Loosening of the CB rules was madness. I still don't understand the logic of it. We're supply-side restricted when it comes to housing. Relaxing the rules just adds more fuel to the fire.
Wage inflation and the loosening of CB rules has ensured interest rates makes little impact on price. There is also absolutely nothing out there
The mad bidding is back from what ive seen, Saw another in Douglas asking 350 closed at 390. An old 80m2 3 bed
closed at 271 .. Wow !!
Auctioneera is handy because you can see the bidding, I'm struggling to understand the bidding on this one, went from €220,000 to €250,000 in 90 minutes this afternoon with 5 bids.
If it was me, I’d hold tough until near the deadline and start bidding then.
https://www.auctioneera.ie/property/153-farranferris-avenue-farranree-cork-t23-h6f4
Anyone any insights into what cork city property market has been like this year. I feel it has been less frantic with bidding but prices holding up. Bit of improvement in supply in recent weeks. Interest rate rises do not seem to be having big impact. Hoping to buy this year and dont see crash coming but bit nervous buying at peak potentially
The balcony and view are the only bits I like. Its as well I'm not looking to spend 1.25m. The Mona Lisa over the toilet is an interesting touch though.
I think you are correct. Among other things, the kitchen was changed. It is a pity to be renovating a house, only to sell it the following year. Unless, it was an investment property but it would be a risky one.
It will be interesting to see for how much it sells.
Had the same thoughts, but I think there has been work if this is the same house: https://www.cohalandowning.ie/contentFiles/propertyBrochures/1-Bayswater.pdf
Nice house but it was sold in Jan 2022 (14 month ago) for 910K. The asking price is now 37% higher (1.25 million).
I hope there was some renovation done to it to justify this increase.
The only thing that will stop this nonsense is a buyers strike and we got another .25% rate increase again today so eventually mortgages are going to bite hard
The 275 house/apartment development on Ballyhooley Road in Ballyvolane has kicked off. I see the site prep being done at the moment.
Link to CorkBeo article last year on it: Huge housing development on Cork's Northside gets green light - Cork Beo
