another wiw from me. This needs complete renovation (not modernisation) but nice bungalow, great location. Re-wiring/plumbing/central heating/ needs bathrooms/kitchen/Walls repositioning. Upstairs needs a lot of work.
Price drop 425k to 385k. Other properties on road for sale are looking for 475k & 540k.
Any opinions appreciated?
The renovation job could be done cheaply or expensively depending on the desired level of finish (say €60k - €135k); let’s presume something in between and price it at €100k. I’m also assuming that you don’t intend to convert the garage or extend the house. So assuming you get it for €350k, then after renovation, the price is €450k, or €310 per square foot.
That seems quite reasonable in comparison to the present asking price levels in Mount Merrion - although I do think those levels are somewhat skewed by some prices that are completely unrealistic. Nonetheless, unless there are significant structural flaws or other problems you haven’t raised here, I see no reason why this shouldn’t sell this season if they’re willing to accept something in the region of 85-90% of that asking price. Sticking my neck out: sale agreed by December '11, without a further drop in asking price.
Had thought 100k but was incl garage & pp for upstairs & work (needs sorting out) I must be way out on my thinking (overly optimistic)
I’d agree on offers being put in at 350k - nice location.
Not sure how many people will get mortgage approval & then money for work which needs doing.