These kind of homes are very hard to value as the structure is the problem (vs. the site which can be valued in any market).
Unlike a period home, a +10-15 year old modern house can be worthless to many.
Especially ones where the owners maximised scale at the expense of build quality (as this appears in photos).
The buyer is therefore left wondering what to do with the structure and it is often better to flatten it (i.e value as a site).
Compare with Greenan in Avoca Avenue - also on 0.5 acre and +8,000 sq ft of ‘cheap’ construction (discussed extensively on the pin). viewtopic.php?t=59123&p=706815
While equally ugly, despite being bigger and on a much much better road / location, Greenan can’t get above 2m in offers.
I think that Jamilah should have been listed at 1.5m to at least get interest going.
Back in the early 1990’s I tried to purchase a site in Brennanstown Vale. The cost was €98k for a half acre. A good site on the flat, south facing to the rear and the new Luas line. There was a stipulation that you had to commence the build within a year. We backed off as a result. During the Tiger years these houses were selling for €4m.
In the end we were glad that we did not go ahead. It was difficult to get to and a bit isolated. We had young teenage kids at the time, would have been a nightmare bringing them everywhere by car.
We ended up closer to the city and everything else. Much better in the end.