Can assume it needed total re-plumbing re-wiring etc, but unless there was something structurally wrong with the building (a risk, being end of terrace), this looks like a decent purchase for whoever bought it.
You know what. This is great news. There have been a sea change in the last 6 weeks. People now realise that 1,000 euros (after tax) is actually hard earned. That buying a fixer upper is only half the story. I can hear the sale agreeds dropping as the cold winds of reality blow in.
Buying in the popcorn for Allsops. Will cover the porcorn in ghee. Ghee is a butter - glee is verboten…
There could be a very good reason it sold for so little
Its a listed building after all, end of terrace
I once bid on a house in London that looked abnormally cheap. After the structural survey I figured out why. It was end of terrace and held up by Tie-Bars to stop it bringing the whole terrace down. I ran a million miles after I heard that
Have also heard of stories in London where people just “sit” on derilict Listed buildings that need work…then they get smacked with a planning order to upkeep the place to avoid it becoming a safety risk. Suddenly the place is a liability.
Not saying that any of this applies in this case…but one does need to be very very careful when buying a listed building that “needs work”
Sheer coincidence perhaps but another Merrion Square house which has been on sale for the past couple of months through Knight Frank for 3.5m, today vanished from there site and also Myhome.ie and Daft prehaps they caught themselves on when the sale price of this one was made public via the press
tuppenceworth.ie/blog/2012/0 … questions/
“Number 95 Merrion Square- known as Apothocaries’ Hall- is a listed building. It is, depending on which property website you read, sale agreed or was sold to an unknown foreign overseas buyer last November”
Sale Information Date of Sale: 28/11/2011
Atypical Transaction: No
VAT Exclusive: No
Description of Property: Second-Hand Dwelling house /Apartment
Property Size Desc.:
Other Properties in this Sale No other properties