WIW 18 The Maples, Frankfield, Cork

Currently asking €265k, agent claims that it is under offer at €232k
House is currently rented, and in need of refurb, House being sold vacant.
BER is expected to be around D.
Rents for these houses are around €950-€1,000 per month, (approx 4.5% yield).
A neighbouring house went sale agreed at an ask of 280 last month.
Peak asking prices were around €550k in that estate.

Opinions please.

The vendors, clearly insulted by my offer have withdrawn the house from sale…

Maybe its a blessing in disguise.

We were going ahead with a purchase on the north side of the city for 115k ,it was renovated so seemed the easiest choice but had to pull out.We are now buying similar house for 85k and can renovate to our own liking with cash we saved and don’t have to pay interest on it.

As a totally uneducated guess id say they prob end up selling it for 200k when they get desperate .