Demographia Reports House prices now affordable

HOUSE prices have fallen so much they have now reached affordable levels for thousands on average salaries, a major new study claims.

The first of its kind, the global survey found it now takes the equivalent of little more than three times the average salary to buy a house here.

That compares with 10 times the average salary of €36,000 a year during the boom. The price plunge puts houses within reach of teachers, nurses, gardai and office workers for the first time in years.

The study is part of a major international examination of prices in cities across the globe. It was carried out by the prestigious Demographia International Housing Affordability Survey.

Its experts looked at 325 cities in English-speaking countries such as Australia, New Zealand, the UK, the United States, Canada, Hong Kong and Ireland….

Wendell Cox, principal of the Illinois-based Demographia said: “The bubble is over. Prices have continued to decline. We have housing prices back to where they’re supposed to be.”…..

….Assuming an average price of €150,000 and a saved deposit of 20pc (€30,000) a prospective buyer would have to borrow €120,000 which is a little more than three times the average earnings…..

 …..The findings may put more pressure on banks to acknowledge

Directions: Travelling into Ennis on Limerick road, pass West County Hotel and take first exit at roundabout at St. Flannan’s College. College Green is second estate on left. The house is to the rear of the estate on your left. Satellite Navigation co-ordinates: 52.82893 -8.98509

Accommodation & Approximate room sizes:

Entrance Hallway: 4.5m x 2.2m Plaster coving, stairs to first floor.

Sitting Room: 4.3m x 4.1m Marble fireplace, plaster coving

Kitchen: 4.36m x 3.2m. Pine style floor and wall units, door to rear garden

Dining Room: 4.25m x 3.15m Marble fireplace

Bedroom 1: 3.25m x 3.1m Built-in wardrobes

Bedroom 2: 3.3m x 3.0m Built-in wardrobes

Bathroom: 2.1m x 2m. Lemon suite with WC, hand basin and bath (electric shower fitted), tiled walls

First floor

Landing with additional storage to eaves: 3.15m x 2.85m

Bedroom 3: 3.2m x 2.3m Built-in wardrobes

Bedroom 4: 3.45m x 3.25m 

Outside

Off street parking, walled front garden, mature hedging and lawn space to rear, separate boiler house with oil fired burner.

• Within walking distance of local schools and all town amenities
• PVC/Aluminium Double glazed windows
• Fully detached 4 bedroom home with room to extend if required
• Oil fired central heating
• PVC fascia and soffit
• Private rear garden not overlooked
• Ideal starter or retirement property in long established area

Improvements include woodgrain PVC windows, new bathroom suite with electric shower, fitted kitchen units and upgrading of decor. The property’s main feature is the 2 1/2 acres of excellent quality land to the rear. The lands are elevated and have a natural source of water from the stream running along the northern boundary.

Accommodation includes a living room with open fire, 2 bedrooms, large bathroom with utility area and kitchen.

Directions

Sat nav co-ordinates:52.826072,-8.819275
From Ennis proceed to Quin village and take left turn at you enter village signposted for Tulla. Proceed for 2.3km and at 4 cross roads turn right. Continue for 1.1km and at cross roads keep straight. The cottage is 1.3km is on the left

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OFFERS REGION € 185,000

Directions: From Ennis proceed out main Tulla Road and pass under railway bridge. On for 300m and take second left into Oakleigh Wood/Derrymore. Continue straight up to top of hill and follow road around to right. Number 55 is on right in first row. FOR SALE sign on property. 

Entrance Hallway: Slate tile floor, stairs to first floor. Door to kitchen

Downstairs Toilet: WC & WHB, slate tile floor, fully tiled.

Sitting Room: 3.30m X 4.50m, Solid wood floor, Feature cast iron and wooden surround fireplace with open fire, double half glass doors to dining area, ceiling coving.

Kitchen: 3.6m X 6.2m. Solid fitted kitchen with ample floor and walls units, large island, Slate tile floor, Integrated stainless steel electric oven & gas hob, Extractor Fan, dishwasher and fridge freezer

Walk in larder: Providing ample storage space, cloak room and shelving. Additional storage space under-stairs.

Utility: 1.75m x 1.65m, Slate tiled Flooring, plumbed for washing machine & Dryer, Matching floor and wall units, Gas boiler and controls, Door to rear Garden.
 

FIRST FLOOR
Landing area with hot press featuring dual immersion heater. Stira stairs to attic space

Master Bedroom: 5.1m X 3.3m Contemporary. Bay Window Feature overlooking large green area. Solid T & G wood flooring

En Suite: Fully Tiled Floor, Electric Shower, Low Level WC, Pedestal WHB.

Bedroom 2: 3.2m x 3.35m, Solid T & G wood flooring.

Bedroom 3: 3.0m x 3.45m, Solid T & G wood flooring.

Bedroom 4: 2.80m x 3.55m, Solid T & G wood flooring,

Bathroom: 1.55m x 2.65m.  White suite with bath, Low Level WC, hand basin and mirror. Fully tiled.
 

Outside:
Large tarmac driveway to front with off street parking for 4 cars. Fully enclosed rear garden with extensive paving, roofed deck area, block built workshop and store. Borders have raised flower/shrub bed with railway sleeper kerbing and recessed LED lighting fitted. Side gates for security and even a slate roofed kennel for the dog !!

Directions: From Ennis proceed out main Tulla Road and pass under railway bridge. On for 300m and take second left into Oakleigh Wood/Derrymore. Continue straight up to top of hill and follow road around to right. Number 54 is on left in first row. FOR SALE sign on property.

Entrance Hallway: Slate tile floor, stairs to first floor. Stained glass door to kitchen

Downstairs Toilet: WC & WHB, slate tile floor.

Reception Room: 3.30m X 4.50m, Semi Solid Maple floor, Feature marble fireplace with open fire, double stained glass doors to dining area, ceiling coving.

Kitchen: 3.6m X 6.2m. Solid pine fitted kitchen with ample floor and walls units, large island, Slate tile floor, Integrated stainless steel electric oven & gas hob, Extractor Fan, Integrated dishwasher and under counter fridge freezer,

Walk in larder: Providing ample storage space, cloak room and shelving. Additional storage space under-stairs.

Utility: 1.75m x 1.65m, Slate tiled Flooring, plumbed for washing machine & Dryer, Matching floor and wall units, Gas boiler and controls, Door to rear Garden.

Garage: 5.95m x 2.65m Shelving, roller type garage door, separate entrance from rear patio area

FIRST FLOOR
Landing area with hot press featuring dual immersion heater.

Master Bedroom: 5.1m X 3.3m Contemporary style built-in Wardrobes with ample hanging and shelf space. Bay Window Feature overlooking large green area. Solid T & G wood flooring

En Suite: Tiled Floor, Electric Shower, Low Level WC, Pedestal WHB.

Bedroom 2: 3.2m x 3.35m, Solid T & G wood flooring. Built-in wardrobes

Bedroom 3: 3.0m x 3.45m, Solid T & G wood flooring. Built-in wardrobes

Bedroom 4: 2.80m x 3.55m, Solid T & G wood flooring, Built-in wardrobes

Bathroom: 1.55m x 2.65m.  White suite with  bath, Low Level WC, hand basin and mirror. Part tiled.

 Outside:
Large tarmac driveway to front with off street parking for 4 cars. Fully enclosed rear garden with huge lawn space, paved patio area and raised flower/shrub bed.

•  Lights, curtains & int. appliances included
• 4 Spacious double bedrooms.
• 3 minutes drive from M18 motorway.
• Wood flooring/tiling throughout
• Natural gas central heating
• Solid block construction   
• Close to local “Grove” shopping centre
• South facing garden
• Maintenance free exterior finish

Sitting room: 12’7 x 11′ Working open fireplace. Built in display and TV units.

Kitchen and Dining area: 11’6 x 7’4 Solid fuel Stanley range (central heating)Door to rear yard

Garage: 19′x 9’8 Doors to front and rear.

Bathroom: White suite (needs upgrading)

Bedroom 1: 12′ x 8’8 Solid wood floors, Wall to wall wardrobes
Bedroom 2: 10’7 x 10’2 Soid wood floors, Built-in wardrobes
Bedroom 3: 8′ x 6’8 Solid wood floors, Built-in wardrobes

Outside: Fuel store and concrete paved yard to rear. Off street parking to front.

Google Street view link below

http://maps.google.ie/maps?hl=en&ll=52.840474,-8.985408&spn=0,0.001714&z=19&layer=c&cbll=52.840414,-8.985584&panoid=rGQxJ3fQUVOflob8JA309w&cbp=12,312.66,,0,0

The town has seen substantial development in recent years with a number of commercial developments including Tesco and Aldi having located there, An Post choosing it as location for its mail centre and Garda divisional headquarters also based in the town

Accommodation

Sitting room: 4.6m x 3.18m Wooden laminate floor, cast iron open fireplace

Kitchen & Dining Room: 5.5m x 3.37m. Ceramic tile floor and splash back. Ample wall and floor units. Fridge freezer, washing machine, electric cooker, extractor fan. Patio door to rear garden

Bedroom 1: 3.52m x 2.8m Built-in wardrobe
En-Suite: WC, hand basin, WC & electric shower. Fully tiled floor to ceiling

Bedroom 2: 3.15m x 2.9m Built-in wardrobe

Bedroom 3: 2.56m x 2.41m Built-in wardrobes

Bathroom: 3.23m x 2.16m WC, hand basin, bath (with power shower) Tiled floor to ceiling

Outside:
Walled front drive with off street parking. Walled rear lawn area with views from upper windows over Shannon Estuary

Contact Agent

Directions

• Oil fired central heating
• Superwarm energy efficient construction
• All contents and electrical appliances included
• With in walking distance of local amenities, marina and Cappa pier
• Master bedroom en-suite and separate downstairs toilet
• Estuary views from rear bedrooms

Direction: From Ennis town centre, take Lahinch road & turn right at Fountain Cross for Corofin. On for 4.7km passing Ryans/Roadstone quarry on left. Take next left turn and continue for 1 km. At Y keep left (you pass Dysart Church on right). On for 700m and take lane to left (over cattle grid)/ House on the right near the top of the hill.

Accommodation:    

Entrance Hallway: 2.1m x 4.0m Ceramic tile floor, pine stair case. Door to downstairs toilet

Lounge: 4.5m x 4.5m Corner open fireplace, 2 piece sitting room suite

Family Room: 4.5m x 4.4m Open fireplace, double doors to conservatory.

Conservatory: 6.78m x 2.7m Vaulted ceiling, patio doors to side, double doors to kitchen

Kitchen & Dining Room: 3.28m x 4.5m. Ample wall space for fitted units

Utility Room: 2m x 3.2m Plumbing for washing, door to rear

Bedroom 1: 4.0m x 4.5m

En-Suite: WC, hand basin, WC & shower

Bedroom 2: 4.02m x 3.6m

Bathroom: 3.23m x 2.16m WC, hand basin and shower

First Floor Accommodation

Bedroom 3: 5.84m x 4.25m

Bedroom 4: 5.84m x 4.7m

Walk-in wardrobe

Bedroom 5: 3.35m x 2.44m

Bathroom: White suite with WC, hand basin, bath and separate corner shower tray.

 Outside:

Extensive site to rear with basic levelling and top soiling completed.   

From Ennis proceed out Limerick road, at large bypass M18 roundabout keep straight at take next right for Kildysart. Proceed to Kildysart. In centre of Kildysart (Square) turn left for Labasheeda. The site is 10km on the right bewteen extended cottage and large dormer house.

Google street view link below.

http://maps.google.ie/maps?hl=en&ll=52.62208,-9.207627&spn=0,0.001714&z=19&layer=c&cbll=52.622057,-9.207514&panoid=z7vLEtlRdCyD6Li82Iqkyw&cbp=12,49.21,,0,0