Clearance sale?

ShadowHearth

http://www.daft.ie/searchsale.daft?id=611710

120k...

Would that even cover the biulding expense?

mari2222

looks great value for the size.

Balmed Out

whats the commute between cork city and carrick on shannon like?

ShadowHearth

dunno if anyone will agree with me, but it looks like a good value. in the middle of ireland too...


does that mean,, that we will see some drastic price drops soon?

Balmed Out

Dont hold your breath.
Until NAMA start clearing their property portfolio and the whole debt forgiveness issue is put to bed property prices will stay inflated

dory

Nice house! The living room and kitchen being too open plan would ruin it though, I'd have to build a wall! I still think houses like that in Leitrim will eventually be under €100k. Especially if you have no neighbours. Everybody needs good neighbours.

Tigger

Two points

1 the price it cost to build is irrelevant to the price it can be sold for , the price it would cost to build today is slightly mote relevant but the price people can and will pay is the only issue

2 that would have been built for about 60 k + site

the_syco

Rooms look very big - would be costly to heat them. Also, for such a big house, the bathroom looks fairly small.

JoeyJJ

Views on the river shannon, you might see the river shannon enter your bedroom some morning. I haven't checked its location however this could be another reason its cheap, severe flooding will only get worse and more frequent in areas like Carrick, check the flood planes maps.

Also if it is is a area of flooding you might either have trouble getting house insurance (means no Mortgage) or have to pay a hell of a lot for the pleasure.

the_syco

JoeyJJ wrote: »

Also if it is is a area of flooding you might either have trouble getting house insurance (means no Mortgage) or have to pay a hell of a lot for the pleasure.

Had a look at Google maps, and it seems the area that surrounds it is brown - possible bog land or marsh? Also, the housing estate to the west of it looks half built. It seems they need the money from these houses to finish the other houses?

Also, even if the estate itself didn't flood, I wouldn't say your chances of getting out of the estate would be high if the area did flood.

ShadowHearth

So I guess houses itself are lovely, but it's in dangerous spot? Reason for being so cheap?

Tigger

JoeyJJ wrote: »

Views on the river shannon, you might see the river shannon enter your bedroom some morning. I haven't checked its location however this could be another reason its cheap, severe flooding will only get worse and more frequent in areas like Carrick, check the flood planes maps.

Also if it is is a area of flooding you might either have trouble getting house insurance (means no Mortgage) or have to pay a hell of a lot for the pleasure.

it looks near to where the flood happens but not in it

JoeyJJ

Yeah having looked at the location I can see that it probably didn't flood last time however if you look slightly north there was a lot of flooding in that area. I drive through Carrick a fair bit but thats my height of knowledge, you would want some expert local knowledge. It def is a factor though and house insurance wouldn't be cheap.

the_syco

JoeyJJ wrote: »

It def is a factor though and house insurance wouldn't be cheap.

I'd say the house insurance people will just deny people insurance in the flood risk area, tbh.

jester77

The fact that MBNA might pull out of Carrick may have a bearing on this. If they were to pull out, and ~1000 people were to lose their jobs, then there would most likely be extra property on the market. This could be a case of sell before the sh!t hits the fan.

vonbarracuda

Lovely house, would love to have that for the weekends

RATM

Houses like this in areas of high unemployment will be going for €60-70k tops in two years time.