Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi all,
Vanilla are planning an update to the site on April 24th (next Wednesday). It is a major PHP8 update which is expected to boost performance across the site. The site will be down from 7pm and it is expected to take about an hour to complete. We appreciate your patience during the update.
Thanks all.

Advice about buying a house

Options

Comments

  • Options
    #2
    Louche Lad
    Registered Users Posts: 1,088 ✭✭✭Louche Lad


    At €35k? A mistake by the agents?

    Or someone really, really desperate for money very urgently? (In which case, get in there quick!)


  • Options
    #3
    Tefral
    Registered Users Posts: 4,313 ✭✭✭Tefral


    Its the location. There is a reason its selling for €35k! A bunch of houses sold around that area for around €9k recently and were bought by the council.

    If you bought this house you might aswell be ripping up your money.


  • Options
    #4
    Louche Lad
    Registered Users Posts: 1,088 ✭✭✭Louche Lad


    Didn't realise it was like that. Here's an old thread: http://www.boards.ie/vbulletin/showthread.php?t=2057073785


  • Options
    #5
    jsd1004
    Registered Users Posts: 712 ✭✭✭jsd1004


    cronin_j wrote: »
    Its the location. There is a reason its selling for €35k! A bunch of houses sold around that area for around €9k recently and were bought by the council.

    If you bought this house you might aswell be ripping up your money.

    Where were these houses for 9k? They are not on the property price register. I smell a bit of male cow poo..35k is good value. You will rent for 600pm giving a gross yield of 20%. Sounds ok to me


  • Options
    #6
    Jofspring
    Registered Users Posts: 4,002 ✭✭✭Jofspring


    jsd1004 wrote: »
    Where were these houses for 9k? They are not on the property price register. I smell a bit of male cow poo..35k is good value. You will rent for 600pm giving a gross yield of 20%. Sounds ok to me

    A property in that location you would be lucky to get €500 a month for it and that's at a push.


  • Advertisement
  • Options
    #7
    jsd1004
    Registered Users Posts: 712 ✭✭✭jsd1004


    Jofspring wrote: »
    A property in that location you would be lucky to get €500 a month for it and that's at a push.

    And where do you get that expert knowledge? I know of 2 houses that are getting 550+600.

    Here is a 2 bed on daft for 750. Bear in mind the one for sale is a 3 bed.

    http://www.daft.ie/limerick/houses-for-rent/limerick-city/johnsgate-limerick-city-limerick-1585533/


  • Options
    #8
    iguana
    Moderators, Entertainment Moderators Posts: 12,909 Mod ✭✭✭✭iguana


    Jofspring wrote: »
    A property in that location you would be lucky to get €500 a month for it and that's at a push.

    In a normal market. In a market propped up by state aid a landlord could most likely get €550-600pm as those are the rental allowance limits for families with 2 and 3 children.


  • Options
    #9
    Tefral
    Registered Users Posts: 4,313 ✭✭✭Tefral


    jsd1004 wrote: »
    Where were these houses for 9k? They are not on the property price register. I smell a bit of male cow poo..35k is good value. You will rent for 600pm giving a gross yield of 20%. Sounds ok to me

    They were sold to limerick council for 8,9something. Four of them to be exact. I couldn't be arsed digging out the document, but it was in the leader about 6months ago. If you want it find it.

    OP, just take a "Drive" around there with the google maps streetview, you'll see all you need to see.


  • Options
    #10
    jsd1004
    Registered Users Posts: 712 ✭✭✭jsd1004


    cronin_j wrote: »
    They were sold to limerick council for 8,9something. Four of them to be exact. I couldn't be arsed digging out the document, but it was in the leader about 6months ago. If you want it find it.

    OP, just take a "Drive" around there with the google maps streetview, you'll see all you need to see.

    My comments are based on fact. If you have information you should link it or else not quote it. A 'drive' around street view does not give you any information on house values or rental income. I am a landlord in the area (commercial) and while the area does have it's problems, there is strong demand for rental accommodation at present and those values are being achieved.


  • Options
    #11
    Jofspring
    Registered Users Posts: 4,002 ✭✭✭Jofspring


    Fair enough if you can get that kind of money for houses in that area then fair play. Just shows how crazy the rental market is going. Have seen a few bog standard houses outside the city looking for €1,000 a month and they have been snapped up.


  • Advertisement
  • Options
    #12
    JustLen
    Registered Users Posts: 634 ✭✭✭JustLen


    Jofspring wrote: »
    Fair enough if you can get that kind of money for houses in that area then fair play. Just shows how crazy the rental market is going. Have seen a few bog standard houses outside the city looking for €1,000 a month and they have been snapped up.

    Houses outside the city are not comparable. If the house can be bought for 35k and let for 500-700 per month then its a great investment.


  • Options
    #13
    JustLen
    Registered Users Posts: 634 ✭✭✭JustLen


    cronin_j wrote: »
    They were sold to limerick council for 8,9something. Four of them to be exact. I couldn't be arsed digging out the document, but it was in the leader about 6months ago. If you want it find it.

    What condition were they in?


Advertisement