126 Merrion Road, Ballsbridge (-580k, -32.6%)

“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

After renovation, in 2001, asking €1.78m £1.4m]
irishtimes.com/newspaper/pro … 00171.html
Equivalent of about €2.27m in today’s money, according to anthonykelly.com/inflation.html

Now 1.2m
myhome.ie/residential/brochu … -4/1285396
580k/32.6% drop in nominal price, but closer to 50% drop in real terms

Now sale agreed.

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.

18 Ailesbury Wood is now €850k:myhome.ie/1285391 Down from €1.45M.

EA must have read my post, then! :smiley:

i heard it sold for around 900k, anyone hear the same?

I have been told by an EA that the house went sale agreed at a price of €1.030m.

126 Merrion Road, Ballsbridge
Sold 24 Feb 2010
€500,000 (Not full Market Price - see propertypriceregister.ie/web … ce-en.html )
yellowschedule.com/house_price_d … Road%2C%26

irishtimes.com/life-and-styl … -1.2685946