Irish Property Market 2020 Part 2

Cyrus

Hulk Hands wrote: »

Well no more waiting, we're in one. After your weeks of needless pedantry telling people we weren't

https://www.irishtimes.com/business/economy/ireland-in-recession-as-economy-contracts-by-more-than-6-1.4348513

weeks of needless pedantry? or just sticking to facts? i probably corrected you once regarding a recession but dont let that get in the way of hyperbole.

We are in one now, yes, i havent said otherwise.

You must be most pleased. Some peoples need for misery is baffling.

rks

Interesting article:

https://www.irishtimes.com/opinion/covid-19-brings-with-it-some-good-for-certain-european-cities-but-not-dublin-1.4347976

smurgen

Interesting chart for Ireland.

https://twitter.com/EU_Eurostat/status/1303256766096928768?s=19

smurgen

Cyrus wrote: »

weeks of needless pedantry? or just sticking to facts? i probably corrected you once regarding a recession but dont let that get in the way of hyperbole.

We are in one now, yes, i havent said otherwise.

You must be most pleased. Some peoples need for misery is baffling.

What facts are you spouting? Of all the Posters here I don't ever think I see you backing anything up with reports or articles. Also painting bad news as a persuit of misery speaks volumes. If we're facing economic contractions that will impact housing people should know. It's about having relevant information to consumers. Saying everything is great doesn't help anyone bar those selling or those who receive comission on transactions.

Cyrus

smurgen wrote: »

What facts are you spouting? Of all the Posters here I don't ever think I see you backing anything up with reports or articles. Also painting bad news as a persuit of misery speaks volumes. If we're facing economic contractions that will impact housing people should know. It's about having relevant information to consumers. Saying everything is great doesn't help anyone bar those selling or those who receive comission on transactions.

i was correcting someone who said we were in a recession when technically we were not, we are now however. So instead of constantly linking articles which support an agenda i deal with verifiable facts in front of me such as the PPR and CSO reports.

Linking an article backs nothing up. Its just a link to a piece of information that supports your agenda, you are an expert at it. Its laughable to think you see yourself as some paragon of virtue because you scour the web for articles that support your pov.

I am neither selling, or getting commission on sales or saying everything is great so i dont really know what point you are attempting to make.

Cyrus

anyway back to actual houses instead of amateur economics, serious office vibes from this place, the interior designer was given one colour palette only, carpets in the bedrooms look like actual office carpet tiles

https://www.myhome.ie/residential/brochure/40-mapas-road-dalkey-co-dublin/4453155

850k i dont think so somehow. But at least its cleanly done and relatively well presented if not over sterile.

awec

Very bland. Done deliberately for sale I'd say, to make it appear bright and spacious.

Hubertj

Cyrus wrote: »

anyway back to actual houses instead of amateur economics, serious office vibes from this place, the interior designer was given one colour palette only, carpets in the bedrooms look like actual office carpet tiles

https://www.myhome.ie/residential/brochure/40-mapas-road-dalkey-co-dublin/4453155

850k i dont think so somehow. But at least its cleanly done and relatively well presented if not over sterile.

It’s very nicely done but Doesn’t give the feel of a family home from the pics. Something sterile about it.

MacronvFrugals

It would break my heart paying 900k for that.

The_Conductor

Cyrus wrote: »

anyway back to actual houses instead of amateur economics, serious office vibes from this place, the interior designer was given one colour palette only, carpets in the bedrooms look like actual office carpet tiles

https://www.myhome.ie/residential/brochure/40-mapas-road-dalkey-co-dublin/4453155

850k i dont think so somehow. But at least its cleanly done and relatively well presented if not over sterile.

Its actually €895,000- not 850k
The price would appear to be purely speculative (and based solely on the Dalkey address- because the property certainly doesn't command the price they're looking for).

Its allegedly a 5 bed- however bedroom 5 is a downstairs study with the only downstairs toilet en-suite to it.

Its incredibly tight- they have squashed too much into the property- despite the lack of furniture or anything obviously making it look cluttered- it has a claustrophobic feel to it.

No. 7 Mapas Road sold this year (2020) for 700k - I have no idea how it differs from no. 40 - but I'd suggest in the current climate, you'd be lucky to get the same price for a commensurate property on the same road.

House is completely mispriced.

fliball123

Cyrus wrote: »

anyway back to actual houses instead of amateur economics, serious office vibes from this place, the interior designer was given one colour palette only, carpets in the bedrooms look like actual office carpet tiles

https://www.myhome.ie/residential/brochure/40-mapas-road-dalkey-co-dublin/4453155

850k i dont think so somehow. But at least its cleanly done and relatively well presented if not over sterile.

If I was a betting man I would bet that will get close to the asking people pay a premium for location this is how it always has been and I like the clean lines the house has it will surely meet others taste as well it will be interesting to see what it goes for

Hulk Hands

Cyrus wrote: »

weeks of needless pedantry? or just sticking to facts? i probably corrected you once regarding a recession but dont let that get in the way of hyperbole.

We are in one now, yes, i havent said otherwise.

You must be most pleased. Some peoples need for misery is baffling.

How on earth would I be pleased? What sort of nonsense conclusion is that to jump to?

I nitpicked at a point in your post, something you've done continuously to others throughout the thread

billybonkers

Why are people so fixated on a Dublin lockdown?

Most people don't leave the county regularly and are working from home. If people really want to see numbers down close the schools, the amount of increase in traffic and people about since they opened what did we think would happen?

The_Conductor

Here is the link to no. 7 on the same road.

https://www.auctioneera.ie/property/7-mapas-road-dalkey-dublin-a96-nd89

I think Auctioneera did well to get 700k for it- however, I actually prefer it to no. 40- as it doesn't have that claustrophobic feel that no. 40 has.

fliball123

The_Conductor wrote: »

Here is the link to no. 7 on the same road.

https://www.auctioneera.ie/property/7-mapas-road-dalkey-dublin-a96-nd89

I think Auctioneera did well to get 700k for it- however, I actually prefer it to no. 40- as it doesn't have that claustrophobic feel that no. 40 has.

no 40 has a much better finish and has more cash pumped in and has 40 Square foot more and thats with No: 7 including the attic which you would smack the head off yourself whilst walking around up there. I can easily see it fetching an extra 100k at least. Also 40 has a B3 BER where as 7 has D2 and 2 extra bed rooms

The_Conductor

fliball123 wrote: »

If I was a betting man I would bet that will get close to the asking people pay a premium for location this is how it always has been and I like the clean lines the house has it will surely meet others taste as well it will be interesting to see what it goes for

Other property on the same road has gone for between 600 and 700 in 2019 and 2020. This is a cool 200k more.

I get that you like it- personally I hate it- on several different levels- including the fact that there is a lack of toilets/bathrooms (esp. for a house that in theory has 5 bedrooms).

Its try way too hard- to tick too many boxes- and just feels awful to me, as a property- it doesn't feel like somewhere you could actually live.

Ush1

How does the BER of that house compare to the others?

Cyrus

The_Conductor wrote: »

Its actually €895,000- not 850k
The price would appear to be purely speculative (and based solely on the Dalkey address- because the property certainly doesn't command the price they're looking for).

Its allegedly a 5 bed- however bedroom 5 is a downstairs study with the only downstairs toilet en-suite to it.

Its incredibly tight- they have squashed too much into the property- despite the lack of furniture or anything obviously making it look cluttered- it has a claustrophobic feel to it.

No. 7 Mapas Road sold this year (2020) for 700k - I have no idea how it differs from no. 40 - but I'd suggest in the current climate, you'd be lucky to get the same price for a commensurate property on the same road.

House is completely mispriced.

mapas road, mapas ave and dalkey park are just one big 60s (i think) estate, a lot of the houses would need modernisation. 7 mapas road would have fallen into that category so i guess do you see 200k worth of work gone into this?

its far too tight for a 5 bed.

awec

I don't like how the living room, dining room and kitchen downstairs are all essentially one big room. It would wreck my head if I was sitting watching TV and someone was banging about in the kitchen.

In the grand scheme of things though it has been done well, but the colours are very bland. That's easily fixed. I wouldn't pay the asking for it though.

It's also quite clearly a 4 bed in reality.

MacronvFrugals

The_Conductor wrote: »

Here is the link to no. 7 on the same road.

https://www.auctioneera.ie/property/7-mapas-road-dalkey-dublin-a96-nd89

I think Auctioneera did well to get 700k for it- however, I actually prefer it to no. 40- as it doesn't have that claustrophobic feel that no. 40 has.

This one actually feels like a home.

Cyrus

fliball123 wrote: »

If I was a betting man I would bet that will get close to the asking people pay a premium for location this is how it always has been and I like the clean lines the house has it will surely meet others taste as well it will be interesting to see what it goes for

maybe, its my area and while its fine in there its not one of the nicer parts of dalkey, nothing wrong with it, just a 60/70s estate vibe.

it looks like a cheap cosmetic refurb at least, albeit with a b3 ber some good work was done somewhere.

Assetbacked

Cyrus wrote: »

anyway back to actual houses instead of amateur economics, serious office vibes from this place, the interior designer was given one colour palette only, carpets in the bedrooms look like actual office carpet tiles

https://www.myhome.ie/residential/brochure/40-mapas-road-dalkey-co-dublin/4453155

850k i dont think so somehow. But at least its cleanly done and relatively well presented if not over sterile.

What's its proximity to Bono's gaff though?

fliball123

The_Conductor wrote: »

Other property on the same road has gone for between 600 and 700 in 2019 and 2020. This is a cool 200k more.

I get that you like it- personally I hate it- on several different levels- including the fact that there is a lack of toilets/bathrooms (esp. for a house that in theory has 5 bedrooms).

Its try way too hard- to tick too many boxes- and just feels awful to me, as a property- it doesn't feel like somewhere you could actually live.

yeah but it still has 2 bedrooms more, its a much bigger house and it has a much better BER rating. It has the same amount of bathrooms as no 7. We are comparing price if 7 went for 700k I could easily see a house with a much better finish (downstairs is completely open plan) with 40 sq ft more, 2 extra bathrooms and a better BER getting an additional 100k . Having said that I wouldnt pay you 800 or 900k to live in it I couldnt afford it to begin with and if I could afford it I reckon there are much better properties out there for the money I guess it will depend on if someone wants to live in Dalkey

Cyrus

Hulk Hands wrote: »

How on earth would I be pleased? What sort of nonsense conclusion is that to jump to?

I nitpicked at a point in your post, something you've done continuously to others throughout the thread

Pointing out we werent in a recession when we werent in a recession is nit picking now?

fliball123

Assetbacked wrote: »

What's its proximity to Bono's gaff though?

ah sure Bono will come over and do your washing

Cyrus

Assetbacked wrote: »

What's its proximity to Bono's gaff though?

bono actually lives in killiney

PropQueries

Cyrus wrote: »

anyway back to actual houses instead of amateur economics, serious office vibes from this place, the interior designer was given one colour palette only, carpets in the bedrooms look like actual office carpet tiles

https://www.myhome.ie/residential/brochure/40-mapas-road-dalkey-co-dublin/4453155

850k i dont think so somehow. But at least its cleanly done and relatively well presented if not over sterile.

Here's the article about the house back in 2014 so people can compare. It does look like it has been renovated since.

The PPR price was €620,000 on 16/03/2015

Irish Independent article here: https://www.independent.ie/life/home-garden/on-the-market-three-sem-detached-properties-in-dalkey-30760390.html

The_Conductor

fliball123 wrote: »

no 40 has a much better finish and has more cash pumped in and has 40 Square foot more and thats with No: 7 including the attic which you would smack the head off yourself whilst walking around up there. I can easily see it fetching an extra 100k at least

And no. 7 has full PP for a for a further 540 sq foot extension (if you choose to do so- the sellers obviously didn't).

The attic conversion in no. 7 isn't sold as something its not (its just an attic conversion, period).

I just can't warm to no. 40- whereas no. 7 is somewhere that you could actually see people happily living.

Some recent sale prices on the road (from the Proper.ie)

No. 6 went for 630k in 2020
No. 7 went for 700k in 2020
No. 11 went for 620k in 2017
No. 14 went for 647k in 2016
No. 41 went for 595k in 2017
No. 46 went for 665k in 2019

fliball123

The_Conductor wrote: »

And no. 7 has full PP for a for a further 540 sq foot extension (if you choose to do so- the sellers obviously didn't).

The attic conversion in no. 7 isn't sold as something its not (its just an attic conversion, period).

I just can't warm to no. 40- whereas no. 7 is somewhere that you could actually see people happily living.

Some recent sale prices on the road (from the Proper.ie)

No. 6 went for 630k in 2020
No. 7 went for 700k in 2020
No. 11 went for 620k in 2017
No. 14 went for 647k in 2016
No. 41 went for 595k in 2017
No. 46 went for 665k in 2019

Well its guess work I reckon they will get close to what they are asking time will tell, most of these home renovation shows will nearly always have their renovations be as open plan as possible and it costs to do this but its not everyone's taste personally I do like it I think it looks modern and sleek but that is just me

PropQueries

Glenveagh cuts prices on luxury properties in Dublin and Wicklow to accelerate sales.

According to the Irish Independent: “House builder Glenveagh Properties is cutting prices on hundreds of luxury homes in Dublin and Wicklow in a sign of weak demand at the top end of the market.”

Irish Independent article here: https://www.independent.ie/business/personal-finance/property-mortgages/glenveagh-cuts-prices-on-luxury-properties-in-dublin-and-wicklow-to-accelerate-sales-39513776.html