139 Pembroke Square, Grand Canal St (-60k 0r -11%)

Interestingly this was €560,000 on 2 May 2007

64.233.183.104/search?q=cache:Z1 … cd=1&gl=ie

Changed estate agent on 2 June 2007 but did not drop price, now have dropped price (insignificantly)

I have noticed a few properties where the price has not changed but the EA has changed

Now €550,000

myhome.ie/search/property.as … earchlist=

still 550,000 but moved to daft:
daft.ie/searchsale.daft?id=242037

2 Neighbours on myhome with 2 bedrooms:
540,000: 130 Pembroke Square, Upper Grand Canal Street, Dublin 4
myhome.ie/search/property.asp?id=SASEI324522

580,000: 135 Pembroke Square, Grand Canal Dock, Dublin 4
myhome.ie/search/property.asp?id=XFWIM328645
same on daft: www5.daft.ie/searchsale.daft?id=315668

another neighbour on daft with 2 bedrooms:
630,000: 183 Pembroke Square, Ballsbridge, Dublin 4, South Dublin City
daft.ie/searchsale.daft?id=331351

Now 500k after 21 months on the market.

www5.daft.ie/searchsale.daft?id=242037

Now € 390K

c€700 per sq/ft.
Far too much.

Rents in these are fetching c€1200 per month.
At €390k, this equates to 3.7%.

Take into consideration management fees and general charges/bills (e.g. €2k pa) and the yield collapses to c3%.