Attractive investments on southside
Published 27/05/2011 | 05:00
The prospect of purchasing two bedroom apartments for under €300,000 in Dublin developments like Booterstown Wood (far right) on the Stillorgan Road and Wyckham Point, Dundrum (right), and also achieving rental levels of €1,250-€1,300 per month from tenants is making residential investment attractive for some investors.
This is the view of David Cantwell of agents Hooke and MacDonald. These two developments will appeal to tenants as they are close to very good transport links as well as being convenient for employment locations such as UCD and Sandyford.
The agents sold 35 of the 62 apartments at the Booterstown development earlier this year and a number of them were bought by investors. A further batch of apartments is now for sale.
The one-bedroom apartments in this development have a floor area of 55sqm and are priced from €215,000. The two-bedroom apartments of 74-85sqm are priced from €289,000.
Prices are inclusive of designated car spaces.
Hooke & MacDonald offer viewings of the show apartments on Tuesday and Thursday from 1-2pm or by appointment.
A new phase of apartments has also been released for sale at Wyckham Point, within walking distance of Dundrum Town Centre and Balally Luas station.
Prices range from €279,950 for the two-bedroom apartments which range in size from 69sqm-85sqm. Three-bedroom units are also available.
Developed by O'Malley Construction and Dorville Homes, these units have a high level of finish.
Entrance lobbies are bright, attractively decorated spaces with luxurious carpeting to staircases.
The kitchens are contemporary with oak veneer doors, stainless steel handles and extractor fans, polished stone worktops with stainless steel sinks, ceramic tiles to walls and floor and kitchen appliances as standard including ovens, microwave ovens, built-in ceramic hobs, fridge freezers and dishwashers.
Bathrooms and en suites are of Italian design with white suites, chrome fittings, downlighters, shower screens and underfloor heating.
Viewing at Wyckham is by appointment with Hooke and MacDonald 01 6318402