Viral Wexford House Sparks Debate: Is This €120,000 Property a Hidden Gem or an 'Absolute Kip'?

A recent social media post by Keane Auctioneers has set the internet abuzz with aListing for a €120,000 three-bedroom house in Wexford, Ireland. The property, located at 23 The Faythe, has sparked a heated debate among online users, with some hailing it as a 'bargain' and others dismissing it as an 'absolute kip'. The mid-terrace house is indeed in a state of disrepair, requiring total renovation, which has led to some critics comparing it to a scene from the popular video game 'The Last of Us'.

Despite its current condition, the property boasts an excellent location in the highly sought-after area of The Faythe, offering exceptional convenience and strong potential for anyone looking to create a comfortable home in a prime Wexford setting. According to the listing, the house is a 'project and requires refurbishment', but its position and layout make it an appealing opportunity for a wide range of buyers. The property also benefits from sea views from the rear on both the first and second floors, adding an attractive and rare feature to the home.

The accommodation is well laid out, with a sitting room featuring a open fireplace, a separate snug, a kitchen and dining area, and a bathroom on the ground floor. However, the photos of the house reveal a lot of filth and dilapidation in every room, which has led to many social media users expressing their shock and disbelief at the asking price. Some have estimated that it would cost upwards of €200,000 to renovate the property, making the €120,000 price tag seem steep.

However, not everyone is pessimistic about the property's potential. Some users have seen the silver lining, with one optimist commenting that it's a 'bargain' and another predicting that it will sell for close to €200,000. According to a recent report by Daft.ie, the average price of a three-bed terraced house in Wexford is €274,000, which puts the asking price of this property into perspective.

The debate surrounding this property highlights the complexities of the Irish property market, where the demand for affordable housing is high, but the supply of renovated and ready-to-move-in properties is limited. As the property market continues to evolve, it will be interesting to see how this house and others like it are received by potential buyers and what the eventual selling price will be.

In conclusion, the viral Wexford house has sparked a lively debate about the state of the property market in Ireland and the value of renovation projects. While some see it as an 'absolute kip', others view it as a hidden gem waiting to be transformed into a beautiful home. Whether or not this property sells for its asking price, it has certainly generated a lot of interest and conversation about the challenges and opportunities in the Irish property market.