New Houses-Excellent deals....

TillyT

Ive been looking to buy since before the recession and was lucky enough to come across a gem ....
Just purchased a 3 bed semi in Fair green park Mullagh Co.Cavan - on the Meath border!
€180,000 and I even got the following included.....
Tiling
Timber flooring in the sitting Room
Integrated appliances (Fridge Freezer, dishwasher, washing machine, Dryer, oven and hob)
Shower door and bath screen in chrome
Toilet accessories
1 fill of Kerosene heating oil
side gate
Oil condenser boiler

Now to the people here that are saying hold on wait they'll come down more and more....... I think your waiting for something thats not going to happen and I dont think you can get a better bargin than that......

martian1980

TillyT wrote: »

Ive been looking to buy since before the recession and was lucky enough to come across a gem ....
Just purchased a 3 bed semi in Fair green park Mullagh Co.Cavan - on the Meath border!
€180,000 and I even got the following included.....
Tiling
Timber flooring in the sitting Room
Integrated appliances (Fridge Freezer, dishwasher, washing machine, Dryer, oven and hob)
Shower door and bath screen in chrome
Toilet accessories
1 fill of Kerosene heating oil
side gate
Oil condenser boiler

Now to the people here that are saying hold on wait they'll come down more and more....... I think your waiting for something thats not going to happen and I dont think you can get a better bargin than that......

Can't get a better bargain than that? how about if you could get it for 150k? is there a valid reason why the price simply can't come down anymore? has the demand for these houses meant that there are people queueing up to pay 180k and therefore the prices are at a level that allow them to clear?

gazzer

Congraulations TillyT on your purchase. I am living in Cavan also but am still going to rent for the foreseeable future. Im looking for a 4/5 bed detached. Have seen some lovely houses but I am happy where I am at the moment as it is only a 20 minute walk to work and after many years of doing 90 minute commutes into work it is a godsend. Id say by this time next year though I will start looking properly for my dream home..

I was down at a new housing estate in Ballinagh (about 10Km from Cavan town) on Sat and there were 3 bed semi detached houses with all furniture and fittings going for 145,000. Are you going to be commuting TillyT from Mullagh or are you working in the area?

Macha

Will you be commuting to Dublin every day?

chahop

Wow. That is an excellent deal. Do you have a link, where i can get further info. I want to bag one of these babies before there gone.

merlynthewizard

you have to be insane to buy a house now

FGR

Well done, OP. Sounds like a great buy. I'm not going to enter the market due to it's current trend but it's great to see the odd gem being bought at a fair price.

I wonder will I ever be able to buy a detached house in East Cork for 200k? Eh?

Firetrap

It was all going so well til the OP posted this gem

Now to the people here that are saying hold on wait they'll come down more and more....... I think you're waiting for something that's not going to happen and I don't think you can get a better bargain than that......

If the OP has bought a house, good for them. Just bear in mind that Cavan is different.

ronbyrne2005

Sounds like a shill.

grizzly

You had me at toilet accessories.

pipsqueak

phooooar, house porn keep it commin boys!

wyndham

grizzly wrote: »

You had me at toilet accessories.

Wtf is a toilet accessory? Is that a jacks-roll holder?

blah

wyndham wrote: »

Wtf is a toilet accessory? Is that a jacks-roll holder?

First one in Cavan I heard.

niceirishfella

TillyT wrote: »

Now to the people here that are saying hold on wait they'll come down more and more....... I think your waiting for something thats not going to happen and I dont think you can get a better bargin than that......

errrrm, yes. There are house's in Bailieborough, Cavan (not far from the Meath Border too) for sub €150k.:)

TillyT

Hi Gazzer, thanks a mil really delighted to have got such a deal in these times ya ive had the handiness to work and now its time to change - so fingers crossed! I will commute - ive talked to some of the neighbours in the estate and most of them seem to commute and have assured me its grand and with the new M3 and rail links being put in place - i think (and hoping) ive made the right choice! I didnt look any further towards Cavan town than Mullagh as I had originally looked in Kells and the deal i was getting was just not as good as this! if i didnt have to work in Dublin - 145,000 sounds excellent!
Isn't it great to be finally able to find affordable houses

So do you think that by waiting til this time next year you'll be getting a better deal? Im of the idea that prices wont reduce by too much more?

TillyT

LOL - rather than write all the extras out i just copy and pasted them in and im gettin awful abuse over them

Toilet accessories unfortunately isnt any games or anything - the usual bits - toilet and towel holders, mirror etc....which all messing aside does save me few pennies!

Im interested in everyones mixed opinions on whether we were right to buy now or wait....I have waited a good few months and there has been drastic changes since i first started looking so maybe thats why I felt I have received such a good bargin....dont know if they can go too much lower as i suspect to build a house with all these extras couldnt cost much less??

gurramok

Did you have a look at the N3 just past Clonee this morning Dub bound and last night?

It was jam packed, 45min delays. The rail line is only going to Dunboyne, 2010 its supposed to be running. No rail line to Navan for years yet.

wrote:

Im of the idea that prices wont reduce by too much more?

Why?

Good luck at the commuting assuming its not a helicopter.

AARRRGH

Well done for buying, and I hope you like your house, but personally I would not commute from Cavan, even if I got the house for free.

carlowguy32

I bought last august for €190,000, no 'toliet accessories' or shower door, no flooring but did have the kitchen appliances and solicitors costs paid. The flooring set me back about €5,000 so op you did much better than me, im now thinking if I held out abit longer so I wonder will you be thinking the same next year

DJDC

Commuting long distances is a disaster in the medium to long term. Oil prices are low now but most analysts see significant price rises in the future with a resulting crunch on distillates like petrol.Places like Cavan just dont have the job creation/density to support the significant house building that has been undertaken in the last 10 years due to rampant rezoning by corrupt councillers.The end result is a large amount of people commuting 40+ miles to Dublin everyday on clogged roads. In my opinion, the real wealth destruction will take place in these outer commuter areas that have grown rapidly in that last decade or so. Over reliance on fossil fuels, lack of local amenities, lack of local industry all mean these houses could be significantly cheaper in a few years.

Anyone with some logic can tell you buying ANY house in Cavan at current prices when you're job in is in Dublin is not a good idea. Its too late for you, but hopefully others wont make the same mistake.

TillyT

carlowguy32 wrote: »

im now thinking if I held out abit longer so I wonder will you be thinking the same next year

This is what I had in mind when creating this thread but I wanted a home and sick of renting so just decided to go for....do you feel that at least you have a home for the last yr and the money you spend is going into that?
Also If we look at the reductions in the last yr - they have been huge and I just couldnt see that they will reduce by the huge amounts they have in the last yr!

gurramok, aarrrgh........so negative....its about a good home life aswell as work! different strokes for different people! i havent moved down there yet - just bought!

CiaranC

Best of luck in your new home. Rather you than me though.

ntlbell

TillyT wrote: »

So do you think that by waiting til this time next year you'll be getting a better deal? Im of the idea that prices wont reduce by too much more?

Delighted on your purchase it's great to see people getting a bargain.

Now, on to more pressing matters.

Can you explain your thoughts on why the prices won't reduce by much more?

ntlbell

TillyT wrote: »

This is what I had in mind when creating this thread but I wanted a home and sick of renting so just decided to go for....do you feel that at least you have a home for the last yr and the money you spend is going into that?

A vast majority of their payments are going to the bank in interest.

ZYX

TillyT wrote: »

LOL - rather than write all the extras out i just copy and pasted them in and im gettin awful abuse over them

Toilet accessories unfortunately isnt any games or anything - the usual bits - toilet and towel holders, mirror etc....which all messing aside does save me few pennies!

Im interested in everyones mixed opinions on whether we were right to buy now or wait....I have waited a good few months and there has been drastic changes since i first started looking so maybe thats why I felt I have received such a good bargin....dont know if they can go too much lower as i suspect to build a house with all these extras couldnt cost much less??

Oh TillyT, don't do it. I am all for people finding bargains but this is not one of them. From what you are saying you are buying this house not because you want to live there but because you can afford to live there. Frankly that is a silly way to buy a property. Lets face facts does anyone want to live in Cavan if they work in Dublin. You are facing 4hrs a day commutes (to city centre), that's 20hrsa a week

carlowguy32

ntlbell wrote: »

A vast majority of their payments are going to the bank in interest.

this is true, but you have to look at the point would I even get a mortgage next year, if I was renting that money would be dead money anyway, I was waiting to buy for 5 years before this year and though I was getting value for money in august, there are so many factors to consider, I think if you see a house you like and its not just for investment purposes you are buying then you should just go for it

ntlbell

carlowguy32 wrote: »

this is true, but you have to look at the point would I even get a mortgage next year, if I was renting that money would be dead money anyway, I was waiting to buy for 5 years before this year and though I was getting value for money in august, there are so many factors to consider, I think if you see a house you like and its not just for investment purposes you are buying then you should just go for it

Why wouldn't you get a mortgage next year? if they gave you 180k

and prices continued to fall at 10-12% a year and the price fell to 148k

you saved yourself 32k + interest payments - rent and would be applying for a much smaller mortgage?

rent money is no more dead money than the interest payments it goes to the bank not off the house.

if the rent is cheaper than the interest how is it dead? considering the price of the property is falling?

so you saving the money on interest payments + the drop?

rent money doesn't sound dead in that case, sounds like a canny mc savvy move from county canny

ntlbell

ZYX wrote: »

Ocommutes (to city centre), that's 20hrsa a week

which means you spend 43 days a year in a car :eek: what a bargain

carlowguy32

ntlbell wrote: »

Why wouldn't you get a mortgage next year? if they gave you 180k

and prices continued to fall at 10-12% a year and the price fell to 148k

you saved yourself 32k + interest payments - rent and would be applying for a much smaller mortgage?

rent money is no more dead money than the interest payments it goes to the bank not off the house.

if the rent is cheaper than the interest how is it dead? considering the price of the property is falling?

so you saving the money on interest payments + the drop?

rent money doesn't sound dead in that case, sounds like a canny mc savvy move from county canny

ok those are good points, but i was waiting 5 years already, time was running out for me as Im well into my thirties, i was in a council house with my partner and had enough of it and wanted to get out, if I had been renting I would'nt have saved that much, kids were starting school and didnt like the area I was in so the time was right for me, each case is different i suppose

meesa

TillyT wrote: »

Im interested in everyones mixed opinions on whether we were right to buy now or wait....I have waited a good few months and there has been drastic changes since i first started looking so maybe thats why I felt I have received such a good bargin....dont know if they can go too much lower as i suspect to build a house with all these extras couldnt cost much less??

Ok ....we are on a train track...the train is comin` ...you can see it in the distance....everyone is screamin` "get off the track"....but you still decide to pitch your tent on the track. Maybe the train will explode before it hits you..wishful thinking.
:rolleyes:
On the other hand if this is a genuine post, best of luck in your new home.

ntlbell

carlowguy32 wrote: »

ok those are good points, but i was waiting 5 years already, time was running out for me as Im well into my thirties, i was in a council house with my partner and had enough of it and wanted to get out, if I had been renting I would'nt have saved that much, kids were starting school and didnt like the area I was in so the time was right for me, each case is different i suppose

Time was running out for what?

Why didn't you move and rent somewhere else?

you're saying if the drops continued and the house dropped 32k you would of spent more than 32k+ interest to a bank in rent?

what were you renting? a president sweet in the gresham?