Live next door to criminal Wayne Dundon for just €20,000
Published 20/07/2011 | 05:00
IT'S a two-bedroom terrace home in a bustling city available for just €20,000.
But there is one catch: you will be living beside a rather well-known criminal.
The asking price for the home has dropped steadily to €20,000, largely because Wayne Dundon is next door.
The terraced home has been on the market for the last year, but auctioneers have not received a single bid.
The best bid on the property will now be accepted.
The Irish Independent has learned that when the property was offered to the local authority -- Limerick City Council -- at a price well below the bid price, it was turned down.
Last year, the small home in Lenihan Avenue, Prospect, Limerick, went on the deflated property market with a reserve of €45,000.
Having received no offers, a second auctioneer is now attempting to sell the property. But the auctioneer has had no success to date for the house on the southside of the city.
The home is in a poor condition and needs substantial renovation works inside. It has been boarded up for more than a year following a fire. Grass and weeds are growing on parts of the front driveway and bags of rubbish are strewn at the entrance.
A previously erected 'For Sale' sign was torn down shortly after it was positioned outside the property.
The house is located right in the heart of the McCarthy-Dundon stronghold and Wayne Dundon's house is located alongside the property.
His imposing home is protected by a state-of-the-art CCTV system and security lights.
One person involved in the sale of the house last night confirmed to the Irish Independent that all offers will be considered. With an asking price of €20,000 for the home, a selection of second-hand used cars would be more expensive.
A 2010-registered 1.9L Skoda Octavia hatchback with 12,000kms was available from a Dublin-based dealer for €21,000. Nearby, another similar house is up for sale with a reserve of €60,000 -- three times the asking price of the Lenihan Avenue home.
Both homes were built in the 1950s as a solution to Limerick city's increasing housing crisis. Estates in the area have been earmarked for a multimillion euro regeneration project.
The average price for a residential property nationwide is €196,000 -- a drop of 47pc from 2007.