Re: 45 Belgrave Square West, Monkstown (-200k, -14.34%)

Was €1,395,000

Now €1,195,000 - source MyHome alert.

Too much for a property that needs significant finishing to bring it up to standard. … in/2008160

Another 100k off. I’d call that a rounding error for this property.

Now €1,095,000

Would anyone buy premium apartments in this location if an investor would go in and develop 3 huge penthouse style apartments out of it?

No parking.
No garden.

1m to buy and at least 250k per apartment to upgrade.

Makes zero economic sense. You would have to sell three 550k apartments to break even…

Wow, did not think it would need as much to upgrade, but you are probably right given old structure, single glassed windows etc … And I don’t think there are many apartments in Dublin left that sell above half a million …

Sale agreed

A bell weather property - 6 or 7 figures? I am going with 995k.

Sold 11-7-13 for €1,000k