Flippin' heck


#401

Which includes buying at the very bottom and waiting. A fair bit of the wad gained here arose from buying at the bottom.


#402

Now Sale Agreed - that didn’t take long.


#403

9 Silverwood Rathfarnham €495K myhome.ie/residential/brochu … 14/3661216
Advertised as a three bed house - but actually a two bed house. The open plan kitchen/ dining room were two separate rooms so potential to add a third bedroom or just build out. Sold by McCarthys last August for €390K there doesn’t seem to have been a huge amount done to it. (old advert) myhome.ie/residential/brochu … 14/3160486

PPR myhome.ie/priceregister/9-si … -14-371255

Offer of 470K on it


#404

myhome.ie/residential/brochu … 15/2763602

Huntsman’s House, Strawberry Beds, Castleknock, Dublin 15
House sold for 375k - basically the house is small and in a jock - but there’s a bit of land - except I would have thought planning would be impossible

But what do I know - the intrepid buyers have secured planning for a decent sized extension and vehicular access
myhome.ie/residential/brochu … 15/3616086

no work done and asking 550k now.

Thanks FIngal CoCo!


#405

From October 2014:

8 Clonmore Road flip was a success, achieving €910,000.

6 Clonmore Road did not sell and is back on the market at a reduced €830,000:
myhome.ie/residential/broch … age=&view=


#406

Probably the most expensive flip yet:

27 Ailesbury Road, Ballsbridge, Dublin 4
5 bed - 461sqm/4,963 sq ft
myhome.ie/residential/broch … age=&view=

Bought for €5,000,000 in Nov 2014 and given a refurb (or a bit of a one anyway). Shocking that the owner wouldn’t at least do a garden level extension for open plan kitchen/living/dining out to garden, instead opting to pay for a new kitchen in the existing small room that will now have to be ripped out by the new owner who will inevitably do the extension themselves - total waste of time and money. Definitely not a €5.95m kitchen anyway:
https://photos-a.propertyimages.ie/media/1/9/4/3752491/05167773-e8f3-4fea-8d18-9d29b6a9d5cd_l.jpg

I imagine the owner (who also owns another on the road) stands to make a very poor return on this percentage-wise compared to other properties that could have been bought at the time.


#407

Sold for 1,005k on ppr on 26/08/2016


#408

There’s flipping and there’s ne’er-a-finger-lifted flipping. €950K for a site which appears on the PPR Feb 2015 for €675.

oldwww.myhome.ie/residential/brochure/invicta-harold-crescent-sandycove-glasthule-co-dublin/3752932

Seems a bit aspirational to me.


#409

Similarly…

Pearse Mews, 19 Percy Lane, Ballsbridge, Dublin 4
€895,000 - 3 Bed Detached House 103 m² / 1109 ft² For Sale
oldwww.myhome.ie/residential/bro … -4/3721526

Bought for €460,500 on 23/07/2013 and got planning to demolish it, and now expect buyers to pay 900k for the pleasure of knocking it!

Nice 94% increase if they can get it.

Also expect we’re going to see a lot of oldwww.myhome.ie links going forward, and very few myhome.ie ones :laughing: )


#410

May not count as a flip after four years, but +200%!

viewtopic.php?p=891169#p891169


#411

Henley Cottage, Churchtown Road Upper, Churchtown, Dublin 14
€975,000 - 3 Bed Semi-Detached House 160 m² / 1722 ft² For Sale
oldwww.myhome.ie/residential/bro … 14/3762760

Bought for €525,000 in June 2015, back a year later after an extensive refurb. Gone from BER F to BER B2 - not shabby at all.

Original brochure to see transformation: sherryfitz.ie/files/Reapit/D … 001310.pdf


#412

Ah so that’s how you get the old myhome site back! :smiley:

I don’t like the new one!


#413

117 Greeg Court, Parnell Street, North City Centre, Dublin 1
€225,000 - 2 Bed Apartment 70 m² / 753 ft² For Sale
oldwww.myhome.ie/residential/bro … -1/3762613

Bought 15/07/2014 for €117,200


#414

5 Wilfield, Sandymount
Sold for €455k - 15/09/2016
propertypriceregister.ie/We … enDocument

now for sale at €499
daft.ie/dublin/houses-for-sa … n-1330802/

Definitely the same, you can see the house number on the first pic.


#415

1/2 a million quid for that shitbox - how can folks not see Dublin is a bubble. All that horseshit about no credit yada yada. Prices are out of whack plain and simple. Long overdue correction is on the horizon if you ask me. Far too many bulls on one side of the boat.


#416

Not disagreeing but it would have a rental yield of about 5% which is far higher than 2007 levels.


#417

For now…


#418

You are right, next year it be 6%


#419

ir.ksouhouse.com/p.php?q=Tullamo … &id=210610

Bunn House, Blueball, Offaly.

Property price register shows a sale price of 46k

Now up for 125k.

BER rating is still a G.

daft.ie/offaly/houses-for-sa … y-1336284/

One wonders if anything other than painting was done to address the damp on the walls in all the pictures.


#420

@Luan

That’s the problem with perma-bulls, they get blind sighted by their bullishness and can’t see the threats.

Just like so many EAs in the last 6 months, jacking prices of semi-d’s every 3 months another 50K like it’s nothing. And all just because some moneyed types got panicked and bid prices way above true value. I keep saying, what happens when the demand side of the argument is damaged, people think that can’t happen, instead they insist the only resolution is to increase supply (which I agree is the ‘right’ resolution), but that’s not the only way things might resolve, and it may of course, not be very orderly either.

…Just sayin’