Fix it up: Big semi-d in Mount Merrion
What is it? A 2,000 sq ft four-bed semi on a fifth of an acre at 39 Trees Road in Mount Merrion, Co Dublin.
Tell me more about the place...
This sadly-neglected 1950s built home hasn't been occupied in almost 20 years. Some time ago it was broken into and the copper pipes were torn out and stolen.
The bad news?
The flat roof has perished on the kitchen extension and the ceiling has collapsed. It will need new plumbing and wiring, the extension demolished and rebuilt, new bathrooms, kitchens and complete redecoration throughout.
The good news?
Think about it - had it been occupied all those years it would still need all of the above done at much the same cost but minus the stripping out. Houses here sell for €1.5m (No 80 changed hands two years ago for €1.466m). Its ace is the space - in which to build another four-bed house in the side garden, subject to planning permission.
How much to buy it?
The asking price is €1.195m. Read below before you scoff.
And to fix it up?
You'd pay €250,000 to do up the house with the new extension and another €300,000 to build an additional residence.
What will I end up with?
For an outlay of €1.45m, a home worth €1.55m; or for €1.75m (with permission), two four-bed homes worth €3m.
Who do I talk to?
Brian Dempsey of Douglas Newman Good's Stillorgan office will give you the full tour in complete safety.