Ten Luxury Flats in Moville for €150,000 the lot
Property Market
The property market really has sunk in Moville. Businesses and houses and apartments are going for knockdown prices.
While surfing the web I found that that block of flats in James’s Street in the pinky/red building is on the market for €150,000. That includes 6 flats and one commercial premises making 10 in all.
That makes it just €15,000 an apartment. Altogether it covers more than 6,000 square feet.
More Details
Here’s what it says on the website:-
“A block of nine apartments and one commercial unit located within the immediate environs of Moville and overlooking Lough Foyle. The building which extends to 590 Sq Mts approximately comes to the market in superb order having been recently extended and refurbished throughout.
“The sale represents a genuine opportunity to acquire a self-contained mixed use premises which should offer excellent rental returns given the location and presentation of the property.”
Update
We are now told that it was sold for just €110,000 in November.
I know someone who lived there and they paid something like €375 a month in rent a few years back. At €11,000 an apartment that means that 29 months’ rent would purchase the place.
It’s just crazy time in Moville as regards property prices.
When will it stop?
Soon they’ll be paying you to take them off your hands.