Okay, sorry for the delay in responding. It was suggested that my previous posts were speculative and I felt it best to wait till the property went to auction.What exactly is your query? What you have posted amounts to speculation but you haven't actually asked a clear question. Can you also put something more useful as the thread title? Just stating a company name is not in line with the posting guidelines.
(oh and where are you getting "~100k windfall" from? 295 -224 = 71 that is a pretty massive approximation)
I am assuming you are trying to imply that there are some shady dealings going on? A property price increase does not necessarily mean shady dealings especially in a rising property market. The vendor, whoever they are, will of course try to maximise the price they can achieve. They must think that the market will support the price, on investigation you can see from the property price register that it appears to be a dramatic increase in price over the last 10 months.
If you think it is overpriced - don't buy it or offer lower.
I should have also mentioned that the property has had absolutely zero work or money spent on it during that 10 months period. It has been in a derelict state for a number of years. In fact due to recent internal fire damage (squatters were frequenting the property) the property should have lost value in terms of its physical condition.I did say in my thread about a property that I believe was sold at 40% under its true value involving the same parties as above that it looked a bit peculiar.
A €158k return on €224k in 10 months or just over 70% speaks for itself no matter how you dress it up or try to defend the parties involved.
I wonder how much was spent marketing the property prior to Targeted investment opportunities plc.
There must be some strange "Celtic .........." roaring in Galway that we have not heard about. Hope it is no relation of the "Celtic Tiger"
I can well understand that.I could fill a room with people that would have gladly paid 50k over what Targeted investments paid for it.
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