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 Post subject: Re: WIW Hendre St Georges Avenue Killiney Co Dublin
PostPosted: Wed Nov 20, 2013 6:27 pm 
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Property Magnate

Joined: Sep 15, 2006
Posts: 652
observer35 wrote:
Sold at Auction, under the hammer by Robert Ganly, Wed 20th November at 3pm, 34 Percy Place, Dublin 4:

For €2.2million

http://www.ganlywalters.ie/blog/latest-auction-results-hendre-st-georges-avenue-killiney-co-dublin/

€338 sq ft for brand new house in Killiney on 1 acre


Well spotted. Thanks for the update observer35. Apologies for referring to you as an Estate Agent on another thread, I was surprised by your ability to get information on high-end deals.

This house wouldn't be to my taste, but the price achieved looks like reasonable value in the current market. Your estimate above (and AMV) were spot on, although I suspect the vendor might have expected AMV plus a few hundred thousand.


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 Post subject: Re: WIW Hendre St Georges Avenue Killiney Co Dublin
PostPosted: Wed Nov 20, 2013 6:48 pm 
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Under CAB Investigation

Joined: Apr 30, 2013
Posts: 1648
BillG wrote:
observer35 wrote:
Sold at Auction, under the hammer by Robert Ganly, Wed 20th November at 3pm, 34 Percy Place, Dublin 4:

For €2.2million

http://www.ganlywalters.ie/blog/latest-auction-results-hendre-st-georges-avenue-killiney-co-dublin/

€338 sq ft for brand new house in Killiney on 1 acre


Well spotted. Thanks for the update observer35. Apologies for referring to you as an Estate Agent on another thread, I was surprised by your ability to get information on high-end deals.

This house wouldn't be to my taste, but the price achieved looks like reasonable value in the current market. Your estimate above (and AMV) were spot on, although I suspect the vendor might have expected AMV plus a few hundred thousand.


My pleasure BillG - I know so many EAs over the years that I may now come across as one (oh dear).
Favourite subject is higher end homes and while I used to buy and sell them, it is purely for interest now.
I agree re your view that the agent would have expected a few hundred thousand more (as would I).
I note if a high end home is not on (1) a great road or (2) is inspiring / beautiful, interest (and price) drops significantly.


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 Post subject: Re: WIW Hendre St Georges Avenue Killiney Co Dublin
PostPosted: Thu Nov 21, 2013 12:29 am 
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Speculator

Joined: Feb 1, 2013
Posts: 488
BillG wrote:
observer35 wrote:
Sold at Auction, under the hammer by Robert Ganly, Wed 20th November at 3pm, 34 Percy Place, Dublin 4:

For €2.2million

http://www.ganlywalters.ie/blog/latest-auction-results-hendre-st-georges-avenue-killiney-co-dublin/

€338 sq ft for brand new house in Killiney on 1 acre


Well spotted. Thanks for the update observer35. Apologies for referring to you as an Estate Agent on another thread, I was surprised by your ability to get information on high-end deals.

This house wouldn't be to my taste, but the price achieved looks like reasonable value in the current market. Your estimate above (and AMV) were spot on, although I suspect the vendor might have expected AMV plus a few hundred thousand.


Yes. Tipping my hat to Observer35. I thought your analysis made sense. Then the hammer price today verified it.


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 Post subject: Re: WIW Hendre St Georges Avenue Killiney Co Dublin
PostPosted: Fri Jan 10, 2014 10:55 am 
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Under CAB Investigation

Joined: Apr 30, 2013
Posts: 1648
10/12/2013 €2,200,000.00 HENDRE, ST GEORGES AVENUE, KILLINEY

Great lesson in property in Killiney.

1. Anything on and below Killiney Hill Road is prime. Above Killiney Hill Road towards Glenalua Road, Church Road etc., less so. Killiney Hill Road recovered well in 2013 / early 2014 (Paddock Wood, Dorset Lodge, Galleen, Dromeen etc.), the rest, no so much (i.e. Ballybrack House).
http://www.thepropertypin.com/viewtopic.php?f=10&t=60830&p=831479&hilit=paddock+wood#p831479
http://www.thepropertypin.com/viewtopic.php?f=10&t=61097&p=826273&hilit=galleen#p826273
http://www.thepropertypin.com/viewtopic.php?f=10&t=52354&p=831028&hilit=dromeen#p831028

2. Building an impressive new house - even with issues like Paddock Wood - is of value. Building a cheap badly laid out one - even if it is brand new - is value destroying. I would guess that this 1 acre site would have sold for c 1.4-1.6m at auction. i.e. not the pricing basis of Dromeen (1.8m an acre), but better than the Glenalua sites (c. 1-1.2m an acre). The act of building a brand new 6,500 sq ft. house on the site, certainly destroyed value in my view. Hendre's layout and design was awful. Its materials looked like they came from a non-descript office. Their two large and ridiculous light-wells on the main terrace said it all. This was built like cheaply done office, not a high-end residence off a very good road. The ultimate pricing reflected this.

Ultimately the new owners have bought this cheaply enough to fix some of Hendre's more fundamental design issues !


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 Post subject: Re: WIW Hendre St Georges Avenue Killiney Co Dublin
PostPosted: Mon Sep 04, 2017 1:11 pm 
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Homeless

Joined: Feb 12, 2010
Posts: 5
Noticed this is back on the market at 3.9m? Cant' see anything 'done' to warrant a 1.7m jump in less than 4 years? 77% increase?


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 Post subject: Re: WIW Hendre St Georges Avenue Killiney Co Dublin
PostPosted: Thu Aug 02, 2018 1:50 pm 
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Homeless

Joined: Feb 12, 2010
Posts: 5
Hendre, St Georges Avenue, Killiney, Co. Dublin
€3,707,700 | 24/07/18 | Detached House | 6 Bedrooms | 6 Bathrooms


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 Post subject: Re: WIW Hendre St Georges Avenue Killiney Co Dublin
PostPosted: Fri Aug 03, 2018 11:01 am 
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Private Tenant

Joined: Sep 23, 2014
Posts: 49
As above - sold for €3,707,700 - any explanation as to how that figure was arrived at?

Sold 2013-12-10 Hendre, St. Georges Avenue, Killiney, Co. Dublin, Ireland € 2,200,000

1686 days for €1,507,700 profit = €895 profit per day, not too shabby.


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 Post subject: Re: WIW Hendre St Georges Avenue Killiney Co Dublin
PostPosted: Fri Aug 03, 2018 3:30 pm 
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Real Estate Developer
User avatar

Joined: Mar 25, 2008
Posts: 877
Location: North Dublin
Easy: Time = Money.
There's your proof, and also shows you your standard Irish property investment business model.


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