42, Mount Pleasant Terrace, Ranelagh, Dublin 6
This morning.
The C1 Ber-rated period property, which is just 55sq m (592sq ft) in size, is in walk-in condition and is asking €525,000 through agents Felicity Fox.
A comparison that shows the appetite for well-designed, turn-key one-beds in the area, can be seen in the sale of number 9. While a very different style of one-bed, and larger, extending to 84sq m (904sq ft), the Tom de Paor designed home came to market in November 2017 asking €495,000 and sold for €550,000 in June 2018….
Thud.
Artisan cottage in Ranelagh for €525,000 (Irish Times)
Meanwhile…
Over half a million to live in a shoe box? This is 100% worse than the last boom. Also see “Artisan Cottage” reference 🤦♀️, peak bullshit. Someone needs to shout STOP to this madness! https://t.co/62dPGzTp9j
— Eimear McCormack 🚣♀️ (@EimearMcCormack) May 20, 2021
Meanwhile…
Hey @crazyhouseprice wanna go halves? You can have the windowless room. Imagine 477% increase in 9 years. #HousingCrisis #Ranelagh https://t.co/qg9jllbXXQ
— Dublin Rental Watch (@DubRentWatch) May 20, 2021
Fight!
OMG someone bought a dilapidated house during the crash, totally refurbished it from the roof down, and is selling it for more that they bought it for.
**clutched pearls**
Yes, it’s completely normal to pay the equivalent of €9545 per square metre. I don’t know why anyone would have a problem with that.
Doesn’t take much to refurbish 600 sq.ft in fairness.
There is quite a lot going on. There is an extension on the back – and if you look at the third picture – looks like the original back wall was removed to make one bigger space.
As nice as it is, one could also get a studio or small one room in Paris proper (one of the 20 arrondissements – more likely the teens) or a cool little place in Berlin for the same money.
On second thoughts- it’s ok. Surprised an architect was supposedly involved in the renovation. Not seeing much in the way of quality materials.
Lots of people live happily in these “shoe boxes”. Artisanal means traditional, and this is definitely a cottage.
Lets see the sale price and see if it hits that. It sold for 550 in 2018, with much higher intertest rates and stamp duty back then.
There are loads of houses for sale at much lower prices, including Dublin, you just don’t want to live there. Location, Location Location.
Art-is-anal … just say artisan… please
Yes, I think Artisanal is the adjective describing the noun. The real crime here is IT grammar looking again…
Yup, it’s not what it is, it’s where it is. Kerb appeal to boot. You aren’t going to look at some flung-up new estate in Kildare in quite the same way.
Still, it is a bit mad when one thinks that you could acquire something maybe similarish in size in a major European metropolis with the exception of London.
Does ‘artisan’ not mean a person skilled in making a product by hand?
Anyways, rising property prices is proof if needed that some people done very well out of the whole lockdown malfeasance.
I’m just here to pedantically point out that “Artisan” is not estate agent puff here, but instead refers to the Dublin Artisans Dwelling Company. It built some really lovely cottages and houses in the late 19th century – this one is no exception.
Half a million quid for a one bed though. That is bleak stuff.
Interesting – The Dublin Artisans Dwellings Company was a semi-philanthropic private enterprise established in June 1876 to provide quality housing for the city’s working classes, and to make a profit while doing so. Capital raised through share issues and Government loans was used to build houses.
Damn Vulture funds
But not “Dublin Artisanal Dwelling Company.”
Art-is-anal should never be used… under any circumstance…. especially when connected to the poo-show that is housing and the labeling of food products… how did anybody think that was a good idea…
Thanks Barry- so in the late eighteen hundreds they were built?
https://iarc.ie/homes-for-workers-a-house-and-home-blog/
And we’ve been paying for such interference in the market ever since…
Yes, and into the early 1900s. The homes weren’t really for the very poor, they were for people with decent jobs – the rents were higher than the average wage would allow and you needed two good references to be allowed to become a tenant. My own great-grandparents lived in an Artisan cottage off Infirmary Road, until they were booted out after my great-grandfather was sacked for organising a strike. Good times ;)
Just looking at a three bedroom corpo house in Whitehall going for €475k. Absolute madness.
your 10th word nailed it
this happens alot, selling house a couple of years after spending 100ks doing it up to make it look nicer and more spacious. sellers realised its still a tiny house and selling it on cause their project ultimately failed.
a bit like the time i spent 200euro refurbishing an antique chair. it was still an uncomfortable chair so i sold it and went to ikea to get a better one.
Shoe box don’t pay that money
Not to be pedantic but it’s a 377% increase. If you want to get a 4 in there you could say fourfold increase.