The next cheapest 3 bed Seabury semi is 35K (13%) more
10 October 2011
* Price changed: from ‘€280,000’ to ‘€270,000’
29 September 2011
* Price changed: from ‘€290,000’ to ‘€280,000’
03 September 2011
* Price changed: from ‘€310,000’ to ‘€290,000’
12 July 2011
* Price changed: from ‘€328,000’ to ‘€310,000’
16 May 2011
* Price changed: from ‘€1,500 Monthly’ to ‘€328,000’
Figure 1k a month @ 5% yield puts value at 240k so 270k asking is now in the ballpark. And you’d be nuts to pay more than that for Seabury. Unfortunately for the owner the agent is an imbecile. Malahide is only starting to see significant falls in asking prices, there are still a ton of overpriced properties on the market.
Have to agree with that. Have dealt with him a few times and found him very difficult to deal with. He told me last year that I would never buy a house in Malahide for under 300K. Well he can eat his hat now. Hope gits like him wake up and smell the coffee one day.
We have a realistic seller here it seems, which I welcome. The Malahide/Portmarnock area is littered with bone-headed vendors, too slow to adjust to the new reality, chasing the moving target of market value all the way down, but never catching it.