Flippin' heck


#446

Raheny is just insane at present - maybe with stock now coming on may calm.

But this takes the biscuit - you can hardly park a car in the drive

And it is not finished in parts. And a fairly small back for that area.

I’m hoping things calm in D5 - but little hope the EAs in area are going for it and fuelling the crazy stuff - they have just put basically 10 % on all asking within 1/ 2 months.


#447

18 Geraldine St., Dublin 7

Sale Information
Date of Sale: 11/10/2016
Price: €225,500.00

Then:

movehome.ie/residential/broc … -7/3425608

Now €600k:

daft.ie/dublin/houses-for-sa … n-1429302/


#448

Sold for €110K in March, now seeking €680k
Price set to increase.
46 beds, movable to a prime location if needed
broadsheet.ie/2017/05/15/how-much-149/


#449

Now down to 495k. Looks like a very odd house. Possibly would only appeal as investment property. That road is extremely busy


#450

Why do you think it’s an odd house out of curiosity?


#451

20 Kirwan Street, Stoneybatter, Dublin 7

Sold for €170k in Dec 2016
refurbished and for sale in June 2017 €399k :open_mouth:

daft.ie/dublin/houses-for-sa … n-1489733/


#452

The flop that wants to become a flip.

The Cottage, Ballybride Road, Rathmichael
Listed in April 2017 on myhome.ie asking €350,000. Chunky money for a one bedroom cottage on a small triangular site just outside Shankill. Floor area is just 43sq.m and not particularly well laid out at that.

Note that the location indicated on the map on myhome is off by about half a mile. The true location is at the mini roundabout where Ballybride Road meets Cricken lane, here. You may also note that Google Maps gives the address as Ellerslie Lodge, Cricken Lane, Shankill and this is consistent with data on landdriect.ie and eircode.ie. And the property is even referred to as “Ellerslie” in the directions within the ad itself.

It is, of course, just coincidence that while you will not find any reference to “The Cottage, Ballybride Road, Rathmichael” on the Property Price Register, “Ellerslie Lodge, Cricken Lane, Shankill” appears not once but twice:
2012 - €125,000
2013 - €118,000
In fact, that particular 7,000 loss gets a mention in an old Dublin Flops thread on the pin.

So the seller reckons that they can get a price >€8000/sq.m. in the current market but, hey, Mr. SherryFitz, can we change the house name, road and townland on the address because people might feel a bit weird about handing over nearly three times the amount I paid for this shack.


#453

Went for 660k in the end. :open_mouth:
propertypriceregisterireland.com … nd-260940/


#454

Original photos are still up from earlier in the year when it sold for €238,500:
myhome.ie/residential/brochure/108-townsend-street-south-city-centre-dublin-2/3102598

Completed building now for sale for €395,000:
dng.ie/residential/brochure/108-townsend-street-south-city-centre-dublin-2/4062011


#455

Nice looking job. I imagine the study is intended as a poss 3rd bedroom - otherwise it’d have been nice to open out what must be tight enough living space.

Glad to see they paid attention to insulation - how often do you see cosmetically nice houses rated E!

Worth the money (assuming the purchase price was market price), given the flipper has to make it worth his/her while.


#456

Agreed - definitely seems more reasonable than the ‘buy-in-2012 then sell-in-2017’ flip


#457

Went by there today. A new house has been sandwiched on to the old garden at the back of #46 and a new entrance to it knocked through to larkfield park. Looks like it could soon be ready for sale .
A very profitable flip indeed


#458

7 Eden Park
Sold for 615k June 2016
Now on market for 1.5m
Substantial alterations, it was in flats
myhome.ie/residential/broch … in/4110392


#459

17 Seascape, Clontarf.

Bought new for 590k (520k + VAT) in Feb 2016
propertypriceregisterireland.co … nd-193215/

Recently on sale for 750k, sold for 742,500 (26% gain on 590k in well under 2 years)
sherryfitz.ie/residential/fo … ently-sold
propertypriceregisterireland.co … nd-299262/


#460

How much would you actually take home on a sale like that? When you factor in capital gains, any money spent on upgrades and general property price inflation - can it be that much?


#461

No capital gains tax if it is your principal residence 8DD


#462

Crinken Lodge back on the market asking 395k this time. Seems to have been improved much more this time around so considering that and the general market change in the last five years, I think this is more move on/break even territory than a flip. My theory is that no one can tolerate the motorway noise for more than a few years.


#463

One to give flippers everywhere a bad name (should the vendor achieve anywhere near asking)

Galtrim Lodge appears on the PPR in July 2018 having sold for €150K. Back on the market now for €475K. This remarkable markup turns positively meteoric when you realize it’s 88 odd sq m. wasn’t even extended upon!

myhome.ie/residential/brochure/galtrim-lodge-galtim-park-bray-co-wicklow/4290891

Any kind of practiced eye would see the cost-cutting (5 ton of Ballylusk gravel hastily dumped in the back garden, PVC windows, general cheap-as-chips fitout). But why advertise the fact by hanging a BER F around it’s neck?? It would have taken virtually nothing to crank it up to a chilly BER D. Is there even attic insulation in the place?

Depressing.


#464

Happened to pass by Galtrim Lodge. I now suspect the price is vendor rather than estate agent generated. The location is awful: sandwiched between the Wicklow Wolf Brewery-ette (with trucks pulling up outside the straight-to-street bedroom windows - something testified to by Streetview) and some kind of commercial premises on the other side. A family could easily find a proper 3 bed semi in a very nice part of Bray for that money. And it doesn’t really have the secure, quiet setting a trader-downer would be looking for either.

In a flatlining market, this one will languish, methinks.


#465

Not unexpectedly, a price drop of 40K on this. It’s not going to stop there methinks…