Holy Mother of God. I don’t think I’ve seen worse value through the whole bubble, and that’s saying something. It’ll end up amounting to close on €1m burned in 5 years. Astonishing.
I also wonder how the owners can afford to sell. There must be exceptional circumstances - massive savings or no mortgage in the first place - to allow them to do so.
These houses were always very expensive. I vaguely remember them costing c. £370,000 when they were first built around 1999.
I remember attending a meeting where one of the attendees (a fairly junior solicitor, newly married) mentioned he was buying one and feeling quite astonished at him being able to afford the price which was over three times what I paid for a similar house a few years before.
We’re way back in nominal pricing - probably Y2K. For Real prices adjust by 35% since 2000. anthonykelly.com/inflation.html €445k in the example above is €329633 in Y2K €urodollars.
More than the price for an “ordinary gaff” (scrubs up well in fairness in those pics) I was intrigued by the first floor having two en-suites and a bathroom!
#54 is now on the market at 650k!!!..thats 200k+ more than the last 2 in the estate seem to have sold at…these sellers and EA’s have been in hibernation
Does it win the record for most precipitous drop in the shortest time? It seems to have dropped in the region of 25% in price in the space of a morning!