Notebook: Hefty price for minimalist lifestyle
I've been scrutinising the price rises in this second property boom Ireland hasn't owned up to yet, by balancing recession-time sales in Dublin (as low as €65,000) against current 'for sale' prices of up to €400,000, after renovation and rehaul. Yes, I know it can cost up to €100,000 to lower a floor and stick in a small upper level with a bedroom, wet-room and walk-in wardrobe. Still, the profits are chin-dropping.
Gentrification, we're told, is part of the lure. A street in Dublin's East Wall, where the cottages sold for as low as €119,079 in Le Bad times, is now boasting stellar-converted cottages for €525,000.
Of course it's also about the quirky perks and conveniences in the locale. There's a recently 'sale agreed' cottage (€375,000 asking price) in Arbour Hill that 'boasts' a 'cleverly designed laundry chute to utility room below'. A house two doors away on the same street sold for €116,000 in 2013, but you had to walk to the washing machine for that price tag. Stove fires with 'pizza oven' slots are appearing in cottage sitting rooms.