There have been a number of posts from someone called - Phoenix_nights/ phoenix_n in relation to Premier Square apartments on the Finglas Road in Dublin 11
I’ve noticed your more than proportionate posts in relation to this development both on this site and AskAboutMoney.com. I have ignored them until now but want to reply to what I feel are the unfounded comments you have made and continue to make. I will at this point state my interest as an owner in the complex.
I would like to challenge some of your points re same.
You say that the development will suffer price depreciation more than most. The facts do not support this. The prices in the development have fallen (and risen) in line with the market. You have concurred that many are for sale. Currently (according to daft.ie) there are 9 apartments for sale out of a total of 339. That is 2.6% of its stock. Nothing unusual there I would have thought for a good sized complex and considering the current state of the property market.
On the 6/10/2006 (AAM) you stated that the “apts in premier square …. going to take a hammering in the next few months. Like watching a ship sink.”
It didn’t happen – prices continued to follow the market. No ship sank.
On 6th Feb 07 on this site you say “Expect some to be selling for 240K by end of summer”. Considering this equates to a 28% drop in 6 months (taking 335 as the average), it is quite an extraordinary thing to say and as of today the trend since the 6th Feb does not support this (indeed they are relatively static since then, certainly no more accelerated a fall than the general market). I suggest your comment proves that you are delibrately biased and therefore should carry no weight.
You say it is a ‘poor location’ and ‘poor amenities’ and also ‘poor transport links’ (over various threads). Let me address these:
Firstly it is situated approximately equidistant between the villages of Glasnevin and Finglas. Owing to official boundary of the Finglas Road, its in on the Glasnevin side of the boundary. That is the technical fact. It is 2.5 miles from O’Connell Street. About 10/15 minute walk to Glasnevin/ Finglas villages. Although it can be said it is in neither village.
Yes there is social housing near the development (as I think you’ll find with a lot developments).
It is 3 minutes drive from Finglas Leisure Centre. Approx 5 from Botantic gardens. 10 mins from new Charlestown Shopping Centre. Tesco Clearwater and a number of shops are a 5 min walk. There is also a pay and play golf course nearby.
Poor transport links:
The number 40/ 140 and 220 buses directly pass the development. The 40 for instance has a rate of more than 1 bus per 10 mins at peak times. The bus journey to O’Connell Street takes 15-30 mins depending on peak times. It is on the N4 to Derry. 7-10 mins drive from the M50 and M1. The metro north will have stops within a mile of the development.
You have stated there are ‘social problems’ in the development. There are quite simply no social problems in the development. You are smearing the development with no backup. It is a secure, gated, landscaped, private development, with a reputable management company. The underground carpark has its own gate as well for extra security. It just seems like you threw in this one out of leftfield.
On the 27th Jan 07 you posted a 16 month old link with the comment – “False Promises”. Why you made this comment or posted this link I do not know. A few comments were made re the parking and safety of kids due to cars, no big thing. Alterations have been put in the development since. A 16 month old thread? A lot of digging to get that one out and there was nothing in it.
You have said ‘I really do pity those who bought into that development’ – well don’t! It is well run, has enjoyed good appreciation in line with the market during the boom, is well constructed/ designed and has a good community of people living in it. I am living in it 2 and half years and will continue to do so. On my floor there are 6 apartments all owner occupiers. In my time here there has only been one apartment sold on my floor and that new resident is an owner occupier.
I would respectfully ask that you consider twice your comments on developments before posting negative/ unfounded allegations. Again I don’t understand why you take so much interest in the development. Regards.