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Thursday, 20 November 2008

More Price Cuts - Daft Property Scene - Ireland 2008...

Latest round of cuts as vendors move to sell...


Prices are tumbling at all levels of the market as homeowners accept that this is what's needed to tempt buyers

...four with deep price cuts:

BAGGOT STREET FROM €5M TO €3.8M
NUMBER 72 LOWER Baggot Street was priced at €5 million when it first came to the market in August 2006.

Since then this price has been revised down to €3.8 million by selling agent Lisney, a cut of €120,000 or 24 per cent.

One of the last inhabited houses on Lower Baggot Street, the four-storey over garden level terraced house has been used as a home and dental practice for many years.

The 392sq m (4,200sq ft) of living space includes a self-contained flat in the basement.

It is also one of the few houses on that part of Baggot Street to still retain its full garden and mews - a two-storey mews house with three small bedrooms, and rear access onto a laneway.
The house was put up for auction back in September 2006, but failed to sell. It has been on the market quietly since then.

The surgery on the first floor is modern but the rest of the house has an old world feel and a new owner would more than likely spend a lot of cash turning it into a city centre trophy home.
With its location close to Baggot Street Bridge, this house is surrounded by offices. But with more and more south city Georgian houses reverting to residential use in town, number 72 might well interest wealthy buyers looking to escape the suburbs.


TERENURE: FROM €1.95M TO €1.375M
THE ORIGINAL asking price of 23 Eaton Square, Terenure, Dublin 6W was €1.95 million. But now the price of the 219sq m (2,630sq ft) four-five bedroom redbrick has been reduced to €1.375 million, a cut of nearly 30 per cent. It is being sold through Sherry FitzGerald.

Renovated and extended over the past 10 years, it's a smart and comfortable family home which overlooks Eaton Square, close to the centre of Terenure.

It has five good-sized double bedrooms, interconnecting reception rooms. A large open-plan kitchen/family/diningroom is the heart of the home: it opens into a low maintenance back garden with a stone patio.

There are wooden floors, and plenty of original details. There is off-street parking in a garage.


KILMACANOGUE FROM €3.25M TO €2.65M
NUMBER 2 THE Vale is one of four luxury homes built in Kilmacanogue, Co Wicklow launched in October 2006.

The five-bedroom house originally had a price tag of €3.25 million. Now selling agent Gordon Lennox of Lennox Estates has reduced the asking price to €2.65 million, a reduction of €600,000 or 18 per cent.

Aimed firmly at well-heeled buyers looking for a turn-key home, Number 2 comes with all the bells and whistles - surround sound, a €100,000 Poggenpohl kitchen, central vacuum system, underfloor heating and spa-inspired bathrooms.

Located half a mile out from Kilmacanogue, The Vale is right beside Carrigoona Commons and is at the foot of the Sugar Loaf Mountain.


BOOTERSTOWN FROM €1.55M TO €1.115M
SAVILLS IS quoting €1.15 million for 8 Booterstown Park, €400,000 less than the original asking price.

When the four-bed house first came on the market in April, the price tag was €1.55 million. This was revised down to €1.45 million. A further revision brought the price down to €1.35 million.
Now, this, the third price cut, represents a reduction of 25 per cent.

A typical south Co Dublin semi-detached house, number 8 is laid out over 170sq m (1,828sq ft).
The property would suit buyers looking for a solid family home. Located off Booterstown Ave, Booterstown Park is close to excellent primary and secondary schools and convenient to UCD.


Report by Fiona Tyrrell - Irish Times.

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