House valuations still crazy

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tosullivan

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I always said that if a house came up on a certain street in the town I live in, I would consider looking at it. There are only about 7-8 of them, its a culdesac, and they are detached. They also hardly ever come on the market.

Last Fri I saw a For Sale sign on one of them, but when I checked the price, I was shocked. Asking price is €795k.

Its a 5 bed detached with 2100sq ft. Now I live not far away in a good area in a 5 bed semi with 1600 sq ft. I think max I would get for mine would be 475k. How can anyone justify an asking price of more than 300k for an extra 500sq ft and detached?
Ok, the front garden and drive are a lot bigger than mine and I have to say its a lovely house in a nice cul de sac, but is it really worth that price difference? Plus there is the added cost of about 72k stamp duty
 
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