This is the second flipping attempt in this part of town I have spotted this week (the other being Lea Road Sandymount). Both look like the work of small developers to my mind. If people like this are back in the market it is an interesting development - last time I noticed this kind of activity was at the height of the bubble.
There is an exemption there but “In Budget 2012, a new incentive relief from CGT was introduced for the first seven years of ownership for properties bought between Budget night and the end of 2013, where the property is held for more than seven years.”
This property was not just a standard decor refurb it was completely gutted because it was totally rotten. Go check the house out and see the extent of work done people. A b3 rating on that era of house doesn’t come lightly it was a G. Decor can be changed it was probably done as a blank canvas. It’s the structural work and insulation etc that you should be considering if buy this kind of property. Job well done in my book.
I didn’t see be inside prior to be refurb but I drove past it numerous times and it looked like a wreck to me. Leaving aside the standard of the refurb putting the extension on the back would have cost a pretty penny. This is why I think the job must have been done by a small builder. No one who had to pay a builder to refurb this for them could have turned much of a profit. If it is a small builder I wish them well. It looks like a nice job to me and it is no joke trying to earn a buck as a builder at the moment.