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 Post subject: Bushy Park House Madness and the Daft Report
PostPosted: Wed May 06, 2009 1:17 pm 
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Single Home Owner

Joined: Feb 10, 2009
Posts: 133
This is quite a nice apartment complex in Terenure/Templeogue, Dublin. Rental prices of the 2-beds therein have always varied strangely, but today (thanks no doubt to the new Daft report on falling rents), lunacy has just set in.

Note that there is a rear block or two in the development that would command a bit of a premium, overlooking the leafy bit of the park itself. Some apartments mention this to justify a higher price.

A selection of asking prices. First, the more, er, 'sane'-looking ones:


But then!


And others:

  • 1450, lowered from 1600 late last month: http://www.daft.ie/2695103
  • 1600, entered today: http://www.daft.ie/2715111
  • Three 1600/1700/1600s claiming rear block bordering park (haven't supplied links here, easily searched). I like one of them in particular: it advertises "FROM €1600" as if expecting an upward bidding war.

(Thanks to the Property Bee plugin!)


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 Post subject: Re: Bushy Park House Madness and the Daft Report
PostPosted: Wed May 06, 2009 4:06 pm 
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Under CAB Investigation

Joined: Oct 29, 2007
Posts: 2850
You are looking way too deep into things.

The best value apartments will go, the others will not.
Everything else is irrelevant.


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 Post subject: Re: Bushy Park House Madness and the Daft Report
PostPosted: Wed May 06, 2009 8:22 pm 
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Joined: Jun 28, 2008
Posts: 1689
OP - how many places do you count for rent? Your list shows 16, but I think there are a few repeats.

My impression has always been that there have been a lot of rentals available here from day 1 of the complex opening. I made a post in December last year that noted 29 rentals at BPH at that time:
viewtopic.php?f=4&t=16853&p=178957&hilit=bushy+park#p178957

In that post I also noted the huge number of unlit apartments in the complex. My guesstimation at the time was a ratio of 3-1 unlit-lit, but to be honest I think I was being conservative. I also noted that several were for sale. As of today, the number for sale on Daft/MH is 6. So certainly if we add all the sales and rentals, that is a significant portion of the complex.

I also believe that not all of the apartments have ever been offered for sale and thus have never been occupied. (Mods, I don't have a source to corroborate this, but I have heard it from several sources and don't think repeating it here slanders anyone or is otherwise unfair comment that would materially damage any parties involved).


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 Post subject: Re: Bushy Park House Madness and the Daft Report
PostPosted: Thu May 07, 2009 11:31 am 
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Single Home Owner

Joined: Feb 10, 2009
Posts: 133
Hiya Larry. I found 18 rentals yesterday - it's difficult to tell if a place is listed twice as you generally won't get an apartment number on the ad, and the photos are always the bland exterior shot of the block plus a useful view of the jacks. I just went by unique daft shortcode. I agree that there always seems to be a large number available for rental given the size of the place - was wondering if they're built on an ancient Indian burial ground or something that sends tenants away screaming in fear within days of moving in.

I was just really struck by the sheer variance in price offered by the ads. Normally in a development they tend to find a rough unspoken level, but in this joint, it's monkeys with dartboards. Best of all is the mentality of "rents are falling! I'd better put my price up to factor in the drop!!"


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