Thats a pretty sharp drop. Lot of other 4 beds in Gainsborough still quoting 700k+. Maybe reality is slowly setting in…
I know someone who sold here withing that past 18 months - they speak very highly of their estate agent.
I looked quite seriously at buying one of these houses back in early 2004. Needless to say I crunched the numbers and decided not too. It went for 505,000. It has been my benchmark ever since.
Now Ireland has had inflation running at roughly 4% in the 4 years since.
Therefore 2008 value of that 505,000 is 505,000 x (1+0.04)^4 = 590,778
It’s back up to 690k
Must have been a mistake by the EA :oops:
Even with their ‘mistake’, I wonder if they got many more enquiries.
now at 670,000 …