Board index » The IRISH PROPERTY BUBBLE » Dublin South - Property Price Drops


Post new topic Reply to topic  Page 1 of 2
  [ 29 posts ]  Go to page 1, 2  Next
  Print view Previous topic | Next topic 
Author Message
mambo
 Post subject: Albany House, Shanganagh Road, Ballybrack (-3.5m, -87.5%)
PostPosted: Thu May 31, 2012 8:26 am 
Online
Of Systemic Importance
User avatar

Joined: Mar 20, 2007
Posts: 6467
In 2006, was hoping to secure €4m (house + 0.84 acres)
http://m2m.tmcnet.com/news/2006/10/04/1960103.htm

Was asking €13m (house + 2.11 acres) in 2007
http://www.irishtimes.com/newspaper/com ... 05545.html

Now 650k (house + 0.84 acres)
http://www.daft.ie/searchsale.daft?id=655105

Image

_________________
"Sitting on the sidelines, cribbing and moaning is a lost opportunity. I don't know how people who engage in that don't commit suicide." - Bertie Ahern, 4/July/2004
"It is irresponsible to suggest that the ‘negative equity’ scenario that occurred in the late 1980’s in the UK could occur in Ireland" - Marie Hunt, Director of Research, CB Richard Ellis - Press Release 17/Apr/2007

Top
 Profile  
 
mylovelyhorse
 Post subject: Re: Albany House, Shanganagh Road, Ballybrack (-3.35m, -84%)
PostPosted: Thu May 31, 2012 8:46 am 
Offline
Single Home Owner

Joined: Mar 4, 2010
Posts: 171
Looks like refurb costs of maybe 300k if it is even salvageable. Koo koo price even at 650. Its Ballybrack.
Top
 Profile  
 
mr_anderson
 Post subject: Re: Albany House, Shanganagh Road, Ballybrack (-3.35m, -84%)
PostPosted: Thu May 31, 2012 5:16 pm 
Offline
Of Systemic Importance

Joined: Oct 29, 2007
Posts: 7040
Location: Multiverse
How does someone let a house like this get into such disrepair ?
Top
 Profile  
 
Landlord
 Post subject: Re: Albany House, Shanganagh Road, Ballybrack (-3.35m, -84%)
PostPosted: Thu May 31, 2012 7:03 pm 
Offline
Under CAB Investigation

Joined: Aug 10, 2010
Posts: 2565
mr_anderson wrote:
How does someone let a house like this get into such disrepair ?

Banks stop financing you.
Top
 Profile  
 
mambo
 Post subject: Re: Albany House, Shanganagh Road, Ballybrack (-3.35m, -84%)
PostPosted: Wed Oct 10, 2012 8:23 am 
Online
Of Systemic Importance
User avatar

Joined: Mar 20, 2007
Posts: 6467
Now 500k (house + 0.84 acres)
http://www.daft.ie/searchsale.daft?id=655105

_________________
"Sitting on the sidelines, cribbing and moaning is a lost opportunity. I don't know how people who engage in that don't commit suicide." - Bertie Ahern, 4/July/2004
"It is irresponsible to suggest that the ‘negative equity’ scenario that occurred in the late 1980’s in the UK could occur in Ireland" - Marie Hunt, Director of Research, CB Richard Ellis - Press Release 17/Apr/2007

Top
 Profile  
 
Cheeky Offer
 Post subject: Re: Albany House, Shanganagh Road, Ballybrack (-3.35m, -84%)
PostPosted: Thu Oct 11, 2012 6:06 pm 
Offline
Under CAB Investigation

Joined: Nov 21, 2006
Posts: 1981
mambo wrote:
Now 500k (house + 0.84 acres)
http://www.daft.ie/searchsale.daft?id=655105


Dead cat bounce my lillywhite irish ass.

Interesting - I would love to have the skills to take that on.
Top
 Profile  
 
Tax Avoider
 Post subject: Re: Albany House, Shanganagh Road, Ballybrack (-3.6m, -90%)
PostPosted: Tue Jan 22, 2013 6:39 pm 
Offline
Holiday Home Owner

Joined: Dec 5, 2010
Posts: 335
Now 400k. (-3.6m, -90%)

http://www.daft.ie/searchsale.daft?id=655105

How low can it go?
Top
 Profile  
 
Cheeky Offer
 Post subject: Re: Albany House, Shanganagh Road, Ballybrack (-3.6m, -90%)
PostPosted: Tue Jan 22, 2013 9:24 pm 
Offline
Under CAB Investigation

Joined: Nov 21, 2006
Posts: 1981
Tax Avoider wrote:
Now 400k. (-3.6m, -90%)

http://www.daft.ie/searchsale.daft?id=655105

How low can it go?


Site value - 150k.
Top
 Profile  
 
Conflicted
 Post subject: Re: Albany House, Shanganagh Road, Ballybrack (-3.5m, -87.5%
PostPosted: Tue Jan 22, 2013 10:02 pm 
Offline
Property Magnate

Joined: Apr 23, 2012
Posts: 564
viewtopic.php?f=10&t=42302&hilit=Sydenham&start=0

Above is a reasonable comparable, I'd say c. 300k for ballybrack site assuming it was for 1 house

_________________
“The difference between genius and stupidity is; genius has its limits.” Albert Einstein

Top
 Profile  
 
Cheeky Offer
 Post subject: Re: Albany House, Shanganagh Road, Ballybrack (-3.5m, -87.5%
PostPosted: Wed Jan 23, 2013 6:32 am 
Offline
Under CAB Investigation

Joined: Nov 21, 2006
Posts: 1981
Conflicted wrote:
http://www.thepropertypin.com/viewtopic.php?f=10&t=42302&hilit=Sydenham&start=0

Above is a reasonable comparable, I'd say c. 300k for ballybrack site assuming it was for 1 house


Properties, areas and site lay out are chalk and cheese - no way should that make 300. Those with the cash for that type of rebuild would prefer to buy in Killiney proper.


Last edited by Cheeky Offer on Wed Jan 23, 2013 12:28 pm, edited 1 time in total.

Top
 Profile  
 
Buttons06
 Post subject: Re: Albany House, Shanganagh Road, Ballybrack (-3.5m, -87.5%
PostPosted: Wed Jan 23, 2013 12:13 pm 
Offline
First Time Buyer
User avatar

Joined: Jan 16, 2012
Posts: 76
Location: Dublin South
If you view it on Google Map it appears to have a Tennis Court and a good bit of land but all with one entrance ? Has that land now been divided ?

https://maps.google.ie/maps?hl=en-IE&gb ... blin&gl=ie
Top
 Profile  
 
Abroad
 Post subject: Re: Albany House, Shanganagh Road, Ballybrack (-3.5m, -87.5%
PostPosted: Wed Jan 23, 2013 12:36 pm 
Offline
First Time Buyer

Joined: Feb 24, 2009
Posts: 97
The Ballybrack house is a listed building but the Dundrum house was only exterior walls protected ... that's quite a difference. It's not just a site price, you have to deal with the listed building, you can't just demolish it.

_________________
"People commonly use statistics like a drunk uses a lamp post; for support rather than illumination."

Top
 Profile  
 
Cheeky Offer
 Post subject: Re: Albany House, Shanganagh Road, Ballybrack (-3.5m, -87.5%
PostPosted: Wed Jan 23, 2013 1:52 pm 
Offline
Under CAB Investigation

Joined: Nov 21, 2006
Posts: 1981
Abroad wrote:
The Ballybrack house is a listed building but the Dundrum house was only exterior walls protected ... that's quite a difference. It's not just a site price, you have to deal with the listed building, you can't just demolish it.


Then it is below site value!
Top
 Profile  
 
Abroad
 Post subject: Re: Albany House, Shanganagh Road, Ballybrack (-3.5m, -87.5%
PostPosted: Wed Jan 23, 2013 2:26 pm 
Offline
First Time Buyer

Joined: Feb 24, 2009
Posts: 97
Cheeky Offer wrote:
Abroad wrote:
The Ballybrack house is a listed building but the Dundrum house was only exterior walls protected ... that's quite a difference. It's not just a site price, you have to deal with the listed building, you can't just demolish it.


Then it is below site value!


Sorry, I wasn't very clear but that was my point. It's much, much more expensive and troublesome to have to deal with that run down house that is listed than it would be with a vacant site.

_________________
"People commonly use statistics like a drunk uses a lamp post; for support rather than illumination."

Top
 Profile  
 
Tax Avoider
 Post subject: Re: Albany House, Shanganagh Road, Ballybrack (-3.5m, -87.5%
PostPosted: Wed Jan 23, 2013 2:30 pm 
Offline
Holiday Home Owner

Joined: Dec 5, 2010
Posts: 335
A few quid to a couple of antos would sort out that problem.
Top
 Profile  
 
Previous topic | Next topic 
Display posts from previous:  Sort by  
Post new topic Reply to topic  Page 1 of 2
  [ 29 posts ]  Go to page 1, 2  Next

Board index » The IRISH PROPERTY BUBBLE » Dublin South - Property Price Drops

Who is online

Users browsing this forum: Bing [Bot] and 8 guests

You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Jump to: