According to Lisney the properties are being relaunched on 28th March 2009 - €875k.
These properties have been on the market for close to 2 years. I do not know what price they started out at but due to current conditions and the fact that estate agents are quoting €400 per square foot (for properties at the top of the market), i think this so called relaunch is way off target.
According to the indo, the main house Lisheen went on the market for €2.8m.
These will never shift at these prices. I went to see these and they are on top of each other with no gardens. Personally I think the site was over developed.
Brian Cowan has summed up the scale of the country’s economic difficulties by saying our living standards today are based on revenue we had six years ago.
Should we not base property prices on this level then.
If so, what was a 4 bed semi-d in Rathfarnham 6 years ago?
Is the mapping of these properties correct on MyHome? Beside Charleville? I know this area very well and can’t say I can remember the piece of land these are built on if that map is correct. And Washington Lane is further up Butterfield Av. towards Templeogue Bridge, so the naming of these as Washington is odd too. Must have a look next time I’m up there.
This development is just past the Orchard Pub on the left hand side.
The prices seem a extremely steep considering the following house close by which is has a bigger square footage, driveway and garden sold for circa €600k+.
Beside (or in?) Twink’s old place? That would make sense. I think they must have taken a bit from the garden of the house beside the Orchard too. Anway, that was a cheery wee corner of greenery, depressing it is concrete now.
Price is way off target guys - that’s not the point, the idea is not to get any offers - right now:
I think this is a clear instance of setting a “heart price”.
The idea being one can soon thereafter lower to a more realistic price so people feel they are getting a bargain.
I would expect a significant shift to a more realistic price within 2 months.
€800k - Not a chance. Over €500 per square foot for Rathfarnham.
Rathfarnham is not in the €500 per square foot bracket. Maybe €350/€400 per sq ft max.
Prof Moriarty, i think you are right there, or else developers are hoping for a miracle.
For €800k you would at least be looking for a driveway, if not a detached house.
Maybe the detached house in the picture might get €800k, but not the semi-d.
2 detached and 6 semi-detached…all sold in 1 week.
detached went for 725k (down from 1.9m)…other detached went for 975k(i think)…down from 2.1m)
semi’s–dropped from 1.2 to 599k…some slightly bigger at 635k.
