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Cheeky Offer
 Post subject: Short Allsop Window Again - catalogue put back
PostPosted: Tue Nov 08, 2011 12:23 pm 
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I see Allsop are now publishing the catalogue for the 30/11/11 auction on 10/11/11.

This was supposed to be on the 6th, then pushed out to the 8th - gives just 3 weeks notice.

Hardly enough time to pump out the stories on all "dem furriners" booking flights to Dublin.......

http://www.auction.co.uk/irish/pastAuctions.asp?T=R

EDIT: Appears to be back to the 8th - do they read the Pin?


Last edited by Cheeky Offer on Tue Nov 08, 2011 1:12 pm, edited 1 time in total.

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Trapezoidal Scheme
 Post subject: Re: Short Allsop Window Again - catalogue put back
PostPosted: Tue Nov 08, 2011 1:00 pm 
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Can you just rock up and take a seat at the auction these days? I vaguely remember something during the initial mania about having to pay some deposit or fee to be allowed into to bid/have a gawk.
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bilbot79
 Post subject: Re: Short Allsop Window Again - catalogue put back
PostPosted: Tue Nov 08, 2011 1:10 pm 
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Says on the website its available from 6pm tonight

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fitw
 Post subject: Re: Short Allsop Window Again - catalogue put back
PostPosted: Tue Nov 08, 2011 5:42 pm 
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It's out and it's grim. 112 lots...nothing exciting. Can't see this one getting many column inches
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Cheeky Offer
 Post subject: Re: Short Allsop Window Again - catalogue put back
PostPosted: Tue Nov 08, 2011 6:04 pm 
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fitw wrote:
It's out and it's grim. 112 lots...nothing exciting. Can't see this one getting many column inches


Like a depression tour. With the time of year even the pictures are grim. This could be the flat one with bargains in the provinces.

I was excited by this now officially bored. Dross.
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Puck may be Famous
 Post subject: Re: Short Allsop Window Again - catalogue put back
PostPosted: Tue Nov 08, 2011 6:26 pm 
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Cheeky Offer wrote:
I was excited by this now officially bored. Dross.


Good! Maybe we're finally getting somewhere.

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ps200306
 Post subject: Re: Short Allsop Window Again - catalogue put back
PostPosted: Tue Nov 08, 2011 6:49 pm 
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Some Wexford landlord divesting themselves? Four investment flats at c. 15% yield, at advertised reserves and rents.

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KOR101
 Post subject: Re: Short Allsop Window Again - catalogue put back
PostPosted: Tue Nov 08, 2011 7:50 pm 
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Joined: Jun 7, 2011
Posts: 216
I think the catalogue is very interesting.

I'd say a few investors who put their money in Castleforbes apartments in previous auctions are feeling a bit quesy right now, especially those who bought the one beds.

April
1 Bed (reserve 100k, sale 99k)
1 Bed (reserve 100k, sale 116k)
1 Bed (reserve 100k, sale 129k) rent 10.8 (yield on reserve 10.8%, sale price 8.4%)
2 Bed (reserve 140k, sale 140k) rent 13.8 (yield on reserve 9.9%, sale price 9.9%)
2 Bed (reserve 140k, sale 165k) rent 13.2 (yield on reserve 9.4%, sale price 8%)
2 Bed (reserve 140k, sale 161k)
2 Bed (reserve 140k, sale 163k)

July
1 Bed (reserve 105k, sale 132k)
1 bed (reserve 105k, sale 134k) rent 11.7 (yield on reserve 11.1%, sale price 8.7%)
2 bed (reserve 142k, sale 148k)
2 bed (reserve 142k, sale 145k) rent 13.2 (yield on reserve 9.3%, sale price 9.1%)

November
1 Bed (reserve 92.5k, sale ?) rent 10.2k (yield 11% on reserve)
1 Bed (reserve 92.5k, sale ?) rent 10.8k (yield 11.7% on reserve)
1 Bed (reserve 92.5k, sale ?) rent 10.8k (yield 11.7% on reserve)
1 Bed (reserve 92.5k, sale ?) rent 11.1k (yield 12% on reserve)
2 Bed (reserve 135k, sale ?) rent 12k (yield 8.9% on reserve)
2 Bed (reserve 135k, sale ?) rent 12.6k (yield 9.3% on reserve)

And there was me thinking that the previous Allsop auctions had set the floor for apartment prices. I guess a sinking floor.


Last edited by KOR101 on Tue Nov 08, 2011 10:33 pm, edited 1 time in total.

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johnnyone234
 Post subject: Re: Short Allsop Window Again - catalogue put back
PostPosted: Tue Nov 08, 2011 8:07 pm 
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Joined: Aug 27, 2011
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Location: Local bubble zone
245k for

17 Cherry Drive
Delgany Wood
Co. Wicklow

150k cheaper than No 43
http://www.property.ie/property-for-sal ... ow/584577/

hopefully this might bring some realism to the market

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KOR101
 Post subject: Re: Short Allsop Window Again - catalogue put back
PostPosted: Tue Nov 08, 2011 8:08 pm 
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Posts: 216
and a drop from 185k to 135k reserve.

18 Meadow Court
Stillorgan Park
Co. Dublin

one beds are a real problem (NEWSFLASH)
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blackdog
 Post subject: Re: Short Allsop Window Again - catalogue put back
PostPosted: Tue Nov 08, 2011 8:12 pm 
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http://www.auction.co.uk/irish/LotDetai ... 04&S=L&O=A

this is asking 2/3 of what a 3 bed terrace was asking in that estate a few years ago.
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2Pack
 Post subject: Re: Short Allsop Window Again - catalogue put back
PostPosted: Tue Nov 08, 2011 8:21 pm 
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The one in Fearann Ri in Galway looks like a re-receivership. Here it was auctioned by KMS in Galway and now Allsop have it as lot 63. There are houses looking for 220k on that estate right now.

The house was built by the Joe the Anglo Avenger and Stephen Harris (Harrmack) and their build quality was not notably the best in Galway!!

http://www.independent.ie/national-news ... 30203.html

And Fearann Rí is a flood risk down at the bottom of Doughiska..I'd check I could insure that.


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ps200306
 Post subject: Re: Short Allsop Window Again - catalogue put back
PostPosted: Tue Nov 08, 2011 8:39 pm 
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KOR101 wrote:
...I'd say a few investors who put their money in Castleforbes apartments in previous auctions are feeling a bit of a quesy right now, especially those who bought the one beds.


Not nearly as queasy as the people who paid €470k for the two beds....

viewtopic.php?f=4&t=40107&p=529193&hilit=castleforbes#p529193

Turns out the guy who was going to abandon his mortgage because they'd be "worth 145K,for a long long long time" ... was being too optimistic! :shock: :shock: :shock:

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"If something cannot go on forever, it will stop" – Herbert Stein
"Einstein, stop telling God what to do" – Neils Bohr

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Magpie
 Post subject: Re: Short Allsop Window Again - catalogue put back
PostPosted: Tue Nov 08, 2011 9:02 pm 
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2Pack wrote:
The house was built by the Joe the Anglo Avenger and Stephen Harris (Harrmack) and their build quality was not notably the best in Galway!!


I lived on a Harramak house for a while and you are being far to generous, seriously,

Leaky roofs, drain pipes that re-odorized the living space with ?????, constant damp, useless fixtures and fittings, dodgy electricals, it goes on and on....

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HouseBuyer
 Post subject: Re: Short Allsop Window Again - catalogue put back
PostPosted: Tue Nov 08, 2011 9:11 pm 
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Cheeky Offer wrote:
I was excited by this now officially bored. Dross.

What were you expecting?
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