40 Belgrave Square, Rathmines D6 (-€375k, -15.9%)

Was reduced to €2.35m - can’t find original price - back in april 09:

independent.ie/lifestyle/pro … 11845.html

Now €1.975m

€8856 per sq m (1975000/223)
€823 per sq ft (1975000/2400)

822 a sq ft. Top of the mkt was 1,000 a sq ft and the mkt is down 40-50% from the top minimum. Knock the “1” off the front of the price and there might be some interest.

This, and a neighbouring house at 9 Belgrave Road (see myhome.ie/residential/brochu … n-6/119993), have been for sale for about a year.

9 Belgrave Road has dropped from €1,500,000 to €1,100,000 recently.

While 9 Belgrave Road is not as well fitted-out as number 40, it is 10% bigger.

With stamp duty, the costs are:

Number 9 - €1,170,250
Number 40 - €2,124,000

That is close to a million extra for a smaller, slightly better decorated house, neither of which have off-street parking.

A million buys a lot of new fitted kitchens, wall-paper, paint and carpets.

You have to wonder what some people are thinking.

Number 40 is also divided into two units.

Sunday, May 28, 2006

See archives.tcm.ie/businesspost/200 … y14501.asp

Ah, the good old days.

7 Belgrave Square, Rathmines, Dublin 6 - Region €1,000,000

property.ie/property-for-sal … -6/490125/

9 Belgrave Square, Rathmines, Dublin 6 - was for sale at €1,725,000 - now sale agreed - 20% bigger than number 40, completely renovated and with off-street parking

myhome.ie/residential/brochu … n-6/140342

Makes the €2.35 million for number 40 all the more non-sensical.

Now 1.65M.
From collapso.net
myhome.ie/residential/brochu … n-6/111643

Pathetic. Just pathetic. Price of €1,975,000 on 13/02/10 (cso.ie/en/media/csoie/releas … ov2011.pdf - from an index of 86.3 to 66 or 20.3/86.3).

€688 per square foot with no off-street parking, exluding c. 300 square foot bungalow.

Chasing a falling market like an anaemic slug.

I wonder whether they are just aspirational sellers, not bothered if it does or doesnt shift, but holding out for the right mug to come along. Or, maybe they are just doing a dance with a bank with no real desire to acheive a sale… who knows what the craic really is.

It seems to be the business address of a building firm.

This must be a case of trying to convince the bank its up for sale but not moving rather than a genuine attempt to sell.

30/03/2010 9 Belgrave Square, Rathmines, Dublin 6 Dublin €1,375,000.00
30/08/2010 7 Belgrave Square, Rathmines Dublin €900,000.00
26/04/2011 8 Belgrave Square, Rathmines Dublin €1,100,000.00
21/05/2012 10 Belgrave Square, Rathmines, Dublin 6. Dublin €810,000.00
17/07/2012 34 Belgrave Square, Rathmines, Dublin 6 Dublin €810,000.00
20/07/2012 3 Belgrave Square, Rathmines, Dublin 6 Dublin €665,000.00

A gross -51.64% drop in prices but number 40 is still asking stupid money.

15/10/2012 15 Belgrave Square, Rathmines Dublin €1,415,000

Anybody know the condition this property was in?

Maybe there is hope for no 40 yet.