myhome.ie/residential/brochu … -9/3069049
Up to 975K after just over a week.
I looked at it and it’s in pretty bad shape internally. Serious work to be done. It’ll clearly end up over the 1 M. Plus 200/300+ refurb.
That’s 2006 surely?
Are the refurb costs plucked from the air? Or based on what? 300k+ really?
Very few of these come up, so I guess that’s part of the premium.
Was full of religious, that’s why there’s an oratory etc. (it’s not a sunroom in picture 9, it’s a chapel).
Lot of subdivision done on upstairs rooms, so you’d probably want to reverse that. And then the extensions are a bit funny too.
De-consecration costs, possible exorcisms, etc.,
Seriously though, I don’t know about 300k, but the house would fairly soak up money once you started at it! Not sure how much better you’d be with that than a nice single-fronted example on that road.
Plucked from the air. And 20 years of experience.
300k would be conservative. Bad layout upstairs with only one bathroom for six bedrooms (no master ensuite). Downstairs layout would be changed also as there are too many living rooms and an awful kitchen. I wonder if someone was on a relatively tight budget if they could salvage that 70’s extension out the back and give it a freshening up, turning the office and sunroom into an open-plan kitchen/living room.
If it was me, I’d knock everything down that juts past the dining room wall, i.e. some of the kitchen, the office, the sunroom, shed, etc. and build something running most of the width of the house, but making sure to leave good natural light for the dining room, with with a courtyard or stopping the extension at the windows/door of the dining. You’d free up the garden by doing this also, and it would give the opportunity to extend upstairs to provide extra space for bathrooms and walk in wardrobes if necessary - although it seems to be a decent size upstairs and buyers would probably be fine just merging a few smaller bedrooms to make more comfortable ones.
All in all, between stripping back the whole house, rewiring, reroofing, replumbing, repointing, etc., extending and renovating the whole thing you’d have no problem running up well in excess of €300k on a house of this size (nearly 3,000sqft already) depending on the spec.
Thanks Col. i’d spotted the oratory.
I’ve no doubt you could easily spend €300k or even €500/600k if you wanted. Like everything in life you can spend as little or as much as you want.
Despite the state over €1,000 per sq foot for renovation seems high. Surely that’s new extension, to do everything to a tee and a very high standard. And perhaps that’s what whoever will ultimately buy it will do.
However I just think that it’s worth remembering not everyone who will be interested in this will be a property aficionado.
To explain further - take any 3/4 bed semi or detached house that comes up here. Many will say that needs an extension, a complete refurb and thus €50k - €150k. Yet in reality many of these are bought, moved into and given a spruce up, and bit of work done over time.
Our own house, we’ve put about €50k into - because that’s what I wanted. We had in-laws by a house I’d have thought needed around the same, possibly more as it’s bigger yet they’ve moved in, done nothing. No way I could live with their kitchen or not upgrade the boiler & insulation but there you go.
So what’s my point in relation to this house?
Well others might be prepared to pay a higher purchase price as they’ll have budgeted less for renovations (rightly or wrongly). As Col. said I can see it soaking money, I’m just not sure on €300k+.
I’ll keep an eye on whether it ever gets a new roof (I doubt it myself).
Have recently completely renovated and extended a 1930s semi - original house 1300 square feet, we added on another 1000. Total cost was not far off 300k and that’s with mid-range finishes and we sourced as much as we could online and second hand. Renovation was about 2/3 of the budget.
@kennyb3
You’ve a fair point. Personally, I could move in as-is, camp in the oratory and start doing work on upstairs myself (knocking partition walls, stripping paper/damaged-plaster framing out any new stuff, etc.,). But most people paying that price will want to have a nice level of finish when they move in. I know of one party looking at that house, and it’s very much in the “dream house” space, wanting to have something really special at the end. 300k may be high, but 100k would really not go far. Getting the place redecorated (paint job) would be 10k easy all on its own.
I’m in the middle of some renovation work myself at the moment, and it’s been both more involved and more expensive than I’d have expected, and I’m only doing that to a relatively basic level (bathroom with a good level of finish, kitchen to a (solid) budget level of finish, and then freshen up the decor in the rest of the house).
This is off-topic, but I really wonder how many people truly need such big houses and are prepared to live in them. I think it’s funny how many will buy a big old house, then build their white-box extension on the back, and live in there after that (someone else here commented on the bay-windowed sitting room becoming a lonely spot, inhabited only by pictures and a piano, as folks hang out in the nice insulated chamber at the back). The original house can end up being a combination of a site and an accessory.
I’d live in that as it. I am firmly of the view that, if you can, living somewhere first provides some much in terms of info. on light, flow of house etc. - vital when you decide how you want to live in it.
I lived in my first house as was for a year - renovation was the better for it.
There’s a lot of merit to it.
I know someone who lived the guts of a year in his house without electricity during a very slow self-done renovation, and felt it contributed to his knowledge of how natural light worked in the property. His final renovation really was excellent.
But it’d bring us back to the question of how much you think you might spend on a house like this once you did open the purse-strings.
As someone who is in the midst of renovating a similar property I currently have a lot of “skin in the game”
You can of course move in and live in any property as is, but why spend €1m to live in a badly laid out, damp, cold tired property in need of modernisation?
This property badly needs a decent renovation and reorganisation of its layout if its for a family to move in to.
As for renovation costs, you would easily sink €300k+ into this property.
Our “back of the envelope” estimate when purchasing our property was €250k for a basic renovation. In reality we won’t see much change from €500k by the time we move in, and while the house will be modernised, and have new fittings / finishes throughout, be well insulated etc the overall finish will be basic.
If you want to buy this house and modernise it you should be budgeting well north of €300k.
It’s a family space, for family people. With families!
Good input.
But I’ll say it again - someone may do the €300k+ renovation job to insulate, make energy efficient, feature windows etc etc
Or quite as easily someone could spend €150k and have a perfectly liveable house. People have different standards.
But that’s what I’d say a bay windowed reception room is for. Also, big advantage of a big house is you don’t have to sit with the rest of the family!
And one way or another you get the benefit of the space/volume of the property (light, proportions, floor-space…)
Don’t see it being clever to plan on spending 1m on a home but plan on “saving money” by doing half assed Reno.
It depends on what you want. If you value space more than finish or warmth, then buy a big house and leave it uninsulated and don’t pour money into polishing it.
So long as you can maintain the structure and roof/windows and keep it weatherproofed, I think it’s reasonable. Buying an expensive property that you can’t even afford to keep structurally sound would be dumb, however.
It’s not what I’d do personally, but it’s what happens. Otherwise the country would be littered with wonderfully renovated houses (which it’s not).
Some will prefer to blow the million to have the location, the red bricks etc. and care less about the finish. Someone with a €1.2m budget could buy it and make it home for that reason, others are suggesting you need €1.4m/€1.5m to buy it.
This house is gorgeous and one of the best plots on Iona - double fronted with a garage and off street parking. The rear extensions retain significsnt structural integrity and could be substantially refashioned. The house needs to be rewired and the insulation and heating system updated but there is no visible issue with the roof from my two viewings. There seems to have been a good level of maintenance over the years but at significantly in excess of €1m since early last week, I doubt I’ll be progressing with it. Removing the partitions formt he upstairs bedrooms should not be a great task and there will certainly be rooms of great proportions once done. Frankly, it’s like viewing a typical redbrick but with 25-30% more space apparent in the rooms.
The Da Vinci might have some value but the bottle of Jordan water in the upstairs bedroom is more valuable!
+1
it’s just a matter of priorities and value judgements.
If you can’t afford to maintain the roof/windows/walls in weather-proof state, then yes, I’d say it’s not a clever plan to buy the house.
€1.02 M as of this morning.
Consensus seems to be that this is about right?