1999
“A four-bedroom detached house in need of modernisation at 126 Merrion Road, Ballsbridge, Dublin 4 was sold before auction for over the €952k £750k] guide price” independent.ie/unsorted/prop … 86434.html
Shows that there are still buyers willing to pay serious money IF they are offered serious value. I know I’m sticking my neck out as there are always cribbers who feel that a house on Merrion Road should cost €250/sq ft, but compare this to higher asking prices for significantly inferior properties elsewhere in the vicinity
(e.g. myhome.ie/residential/brochure/18-ailesbury-wood-ballsbridge-dublin-4/1285391),
it represents the kind of pricing required if a vendor wants to sell rather than to stagnate.
I think most people feel that €250 per sq. ft. should be the ballpark for an “average” home in an “average” area. For this place, which is miles above average on both counts, I suspect most would allow for a higher price per area. Similarly a terrace in Ballyfermott - or perhaps an apartment anywhere - should be below that €250 figure.
Whether the c. €450 per sq. ft. for this property in itself is right or wrong is hard to say of course.
