And what's even stranger is that the very same houses may still been knocking around three or six months from now, some at a lower price what they've (allegedly) been offered.

The phantom bidder strikes again!

Yes I believe that the EA is dishonest and basically Lying. I doubt that anyone would make an honest bid on this house without some time to review the structure and estimate the overall cost.

It will be around for a while and I'm not offering a cent over 600K

Funny how 850 keeps coming up...

The optimist in me views it as an improvement of sorts. Six months ago, every second house I viewed allegedly had an offer of €1.1 million on it - and strangely several of my house-viewing buddies were hearing the same thing!

So during the boom we had inflated asking prices suggesting worth, now we have mystery offers suggesting worth... plus ça change!

Source?

Anyway, 36 Wilfield Park is for sale again in 2012 at, would you Adam'n'Eve it, 795k
http://www.myhome.ie/residential/brochu ... -4/1834878

Even allowing for the gentle sea breeze floating in it's 505/sq ft!

Good luck with that.

Really like this, what will it go for do you think?

500k - 600k

+1; we should be a good bit down from its 2002 price by now.

It will be interesting to see this house up close, it looks 'reasonable' but why the small extension of 40 sq.m.? The back garden is a fair size, surely it would have been an idea to go for a bit more space.

And that price is high given the overall upgrade required, plus extension. EA chancing their arm, which is fair enough, but not a great strategy as the market continues to fall. Will hurt the vendor in the long run. If the new build is priced at say €2k per sq.m., so €80k for the new build, and the refurb is at €1.5k per sq/m., they are pricing this house well above €900k when 'done'. Just not credible.

Haven't seen this IRL but wondering why you think there is an extension just looking? From the plans it looks like the original layout.

What what I can make out there is a planning application which increases the gross size of the house by 40 Sq.m, (or actually 36 from memory), which of course is then in addition to any other changes that need to be made, downstairs and up. The positives, such as they are, would be a wide 'plot', a relatively attractive mature front, and a quiet road. The refurb would be extensive in my view.

I'd be interested to hear what people think of the asking price of €795k, to me, given the constraints of limited planning, difficult neighbour (see the planning app) I'd not be queueing up to acquire this one.

Saw this at the open view. Firstly, there was significant interest. I was just killing time with my nosy mother in law, but there were couples there with small children (about three or four), a few older people including a man with an iPhone taking pictures and a few ladies who were just being nosy. I mention this because the young couples clearly illustrate that there is significant interest in family homes in this part of the world. Was also interested to hear the agent give a few different reasons why the house was being sold including, that the owners had bought another house and that they were moving for work reasons.

The house itself is in very bad nick. Anyone spending 800K on it couldn't really expect to move in. I would doubt that any real work has been done on it in the last ten years. Old cheap pine floorboards, broken horrible fireplaces, the wood on the frontage looks rotting and most surprisingly, the type of kitchen you'd expect to see in a bed-sit. The toilet is also real water closet, on one side of the hall, and the bath/shower sits on the other side. If Bennett s extract 800K, you would get a house that itself requires serious work just to modernise it and live in some sort of comfort. I would say that, even before you go near the extension, you would be looking at 30-40K (minimum) to refit the toilet facilities, reline some of the walls and try to sort out the kitchen.

The planning permission was sitting in the middle of the table and was being leafed through by everyone. (note to self, always get planning permission for something grand when selling the house - people seem to get excited about it) I understand why the planning would be attractive, but you would be looking at spending about 150K to bring it to fruition. Based on all that, after spending about 1million, you would have a nice house on a good road. Now, compared with other houses in the Sandymount area, that is really far too much. There are entirely done up houses for sale in the million bracket that are much more attractive. There was a bigger period house in Oaklands Park last year for €1.1m (No. 7 - I think) which didn't seem to sell. Similarly, there was an entirely renovated house in St Albans Park for about €970K (albeit a three-bed) which struggled to sell last year.

I would be saying that 500 - 600K would be realistic but my sense is that this will go sale agreed quickly for in excess of that by someone who doesn't realise that the planning permission isn't really a bonus, more of an additional bill in order to make the house worth living in. Even if you drop all that cash into the build, you wouldn't be creating any real value for yourself. You could have saved yourself the hassle of the build by just buying a house that already had all the work done for similar money.

I totally agree with 'private tenant'. There was certainly interest in 36 Wilfield Park, but then there always is in these family style homes and yet many houses offered in Sandymount are over priced. I think this one is way way over priced. I say this as someone who sees the 40+ people at a viewing, and then the property just sits there. Numerous tyre kickers out there, or else perhaps people who know when something is overly aggressively priced.

The estimation of €150-200k is a very safe bet, and possibly conservative. To add to the benchmarking for a second, 75 Tritonville was sold at something below €690k, was on the market for ages, had a good orientation and a decent plot. It needed work, but significantly less than this one. It didn't have planning, but that isn't a big deal at all (it has planning now I think, for a few small changes). If it went for say 10% less than the asking, it was just above €600k. This makes the pricing of 36 Wilfield Park look silly, as Private Tenant says, you have to factor in the pain and uncertainty of building..... and waiting. But who knows, there could be someone desperate out there who just doesn't care, but €1m is dreamland.