I couldn’t believe the price per square foot when I read this too. There’s no doubt its a terrific house in a superb location. But, given it needs a complete overhaul, I have to believe the asking price is minimum 100% over any realistic valuation.
I’d have a million quid with you that it gets over 2.5mil…i’d even chance a tenner that it gets north of 3mil…but suggesting that the max price this will make is 1.75mil is just not on the ball me thinks!! by the by the houses either side of it are 2 of the nicest in Dublin 4…just beautiful!
The Irish times comments that the sale price is “rather steep” at €3.5 million. When the notoriously estate-agent-friendly scribes in D’olier street raise their eyebrows you know that there is something wrong
Under normal market conditions, I would agree with you.
But we live in ‘interesting times’.
It’s quite conceivable that a lot of people viewed the property within the first 10 days and that elicited a bid.
The EA may have advised the owners to hold off accepting it until they are sure that no further interested parties come out of the woodwork.
If in the next 10 days there were few enquires, the EA would suggest to the owner to take whatever offer was on the table.