This sounds like a great plan. There’s money to be made for guys that are ballsy enough. I had to laugh there at other lads talking about cashing out. There’s plenty more milking left in this cash cow.
House in Ranelagh sold for €350,000 in June 2015 is now for sale once again at €725,000. Don’t think anything has been done with it in the mean time as it seems to be divided into flats at the moment and has a BER of G.
@Gman - how much am I talking to renovate a redbrick property of say 1,500 square feet and extend it by 300 square feet? €200,000?
had a job recently near @fran actually similar to what you are looking for. Existing bungalow building, 1300ft2 and they wanted to knock the back kitchen extension which was 160ft2 and and build an extension onto it then for about 550ft2, so was ending up at about 1600ft2 and attic space of 900ft2 (but not fitted out). Few minor renovations internally and putting in an attic floor and basic walls in that. Came in at €192k incl VAT. And nothing over the top in terms of work needed for it or massive increase in spec or anything. Just a load of shitty little alterations throughout and new windows etc. As @fran says, €200k would be a nice tidy sum to be able to put onto an existing build. All the better if the existing services in the house are in decent condition.