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 Post subject: Burleigh Mews, Dublin 4 (-50k, -7.4%)
PostPosted: Tue Jun 05, 2012 10:10 pm 
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These houses (not actually "mews" at all) are fairly identical I think, bar extensions and the like

No. 3 sold for €520k [£410k] in 1998
http://www.independent.ie/unsorted/prop ... 44736.html

No. 4 now asking €675k
http://www.daft.ie/searchsale.daft?id=6 ... rch=1&ea=1

Aerial view: http://goo.gl/maps/kwc3

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 Post subject: Re: Burleigh Mews, Dublin 4 - then and now
PostPosted: Wed Jun 06, 2012 12:07 am 
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That's impressive ... to have just kept up with inflation, it should be selling today for around 750k Euro. Ouch.

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 Post subject: Re: Burleigh Mews, Dublin 4 - then and now
PostPosted: Wed Jun 06, 2012 4:54 am 
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Really puts it in perspective how far prices have fallen.


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 Post subject: Re: Burleigh Mews, Dublin 4 - then and now
PostPosted: Wed Jun 06, 2012 1:20 pm 
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Still a hefty price IMHO. Very central but part of an apartment complex, on pedestrian shortcut from canal, NE facing back gardens, limited privacy. (Is there a service charge payable on these?)


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 Post subject: Re: Burleigh Mews, Dublin 4 - then and now
PostPosted: Wed Jun 06, 2012 1:47 pm 
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IMO this will sell for at least the asking price.

Nice family home, close to town.


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 Post subject: Re: Burleigh Mews, Dublin 4 - then and now
PostPosted: Wed Jul 04, 2012 2:50 pm 
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mambo wrote:


No. 4 now 625k
http://www.daft.ie/searchsale.daft?id=655769

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"It is irresponsible to suggest that the ‘negative equity’ scenario that occurred in the late 1980’s in the UK could occur in Ireland" - Marie Hunt, Director of Research, CB Richard Ellis - Press Release 17/Apr/2007


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 Post subject: Re: Burleigh Mews, Dublin 4 - then and now
PostPosted: Wed Jul 04, 2012 3:13 pm 
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Landlord wrote:
IMO this will sell for at least the asking price.

Nice family home, close to town.



Drop of 50K - care to comment Landlord?


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 Post subject: Re: Burleigh Mews, Dublin 4 (-50k, -7.4%)
PostPosted: Wed Jul 04, 2012 4:49 pm 
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Still seems to be a bit overpriced to me.

The 170 m2 seems generous. Including the 'outhouse' as well as the conservatory I'd wager.

I suppose in 1998 it was a rising market and you could buy with an eye to capital appreciation

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 Post subject: Re: Burleigh Mews, Dublin 4 - then and now
PostPosted: Wed Jul 04, 2012 8:51 pm 
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bigbooks wrote:
Landlord wrote:
IMO this will sell for at least the asking price.

Nice family home, close to town.



Drop of 50K - care to comment Landlord?

I am surprised :) but not worried.

Maybe the vendor requires a quick sale or it's a ploy by the EA to drum up interest for a bidding war.

This is a good family home in a nice location.


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 Post subject: Re: Burleigh Mews, Dublin 4 - then and now
PostPosted: Wed Jul 04, 2012 10:49 pm 
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Landlord wrote:
bigbooks wrote:
Landlord wrote:
IMO this will sell for at least the asking price.

Nice family home, close to town.



Drop of 50K - care to comment Landlord?

I am surprised :) but not worried.

Maybe the vendor requires a quick sale or it's a ploy by the EA to drum up interest for a bidding war.

This is a good family home in a nice location.


I think preference is for more traditional than this despite the D4 postcode.
I would guess something like this should be 1998/1999 nominal price. Not dure when it was built but normally new houses in Dublin underperform good second hand buy IMO

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 Post subject: Re: Burleigh Mews, Dublin 4 (-50k, -7.4%)
PostPosted: Wed Jul 04, 2012 11:01 pm 
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Do you really think a traditional family would live here? Young couple and small ones- grand but I'd imagine the rooms are small


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 Post subject: Re: Burleigh Mews, Dublin 4 (-50k, -7.4%)
PostPosted: Wed Jul 04, 2012 11:21 pm 
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slasher wrote:
Do you really think a traditional family would live here? Young couple and small ones- grand but I'd imagine the rooms are small


Not sure if this is in response to my post - I don't think this is a traditional family home - in the good times maybe where you would live for a few years before trading up :D

However I don't think that's the mindset anymore hence I'd say market for this is limited, maybe landlord will buy as a rental

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 Post subject: Re: Burleigh Mews, Dublin 4 (-50k, -7.4%)
PostPosted: Thu Jul 05, 2012 12:19 pm 
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slasher wrote:
Do you really think a traditional family would live here? Young couple and small ones- grand but I'd imagine the rooms are small

What 1800 sq ft house with garden is to small for your traditional family.


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 Post subject: Re: Burleigh Mews, Dublin 4 (-50k, -7.4%)
PostPosted: Thu Jul 05, 2012 12:22 pm 
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Landlord wrote:
slasher wrote:
Do you really think a traditional family would live here? Young couple and small ones- grand but I'd imagine the rooms are small

What 1800 sq ft house with garden is to small for your traditional family.




I didn't see the sq footage actually;

maybe I just have it in my head that it's a mews


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 Post subject: Re: Burleigh Mews, Dublin 4 (-50k, -7.4%)
PostPosted: Thu Jul 05, 2012 3:08 pm 
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I suspect the 1800 square feet includes not just the conservatory but the 'outhouse' as well. The rooms don't have the look of a house that size.

In other words, I'm calling bullshit on the square footage

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