Two measure for value:
So, call it EUR 500,000
A yield of 5% is too small given that 5% is available in the bank.
Try a multiplier of 15 (yield of 6.66).(i’m being generous)
Then rent of 24,000 per annum by multiplier of 15 gives value of 360,000.
way more to fall and thats with a yield of 6.66.
Always thought this was the most overpriced estate in Dublin, and that’s saying something.
They went well into the 900k’s at one stage, I’d want a genuine Tudor pile for that money.
But it’s in Fawksrawk!