Sunday 16 June 2019

Ask the experts: What specifically would you buy if you were an investor spending (a) €250,000, (b) €350,000 and (c) €600,000, and why?

Keith Lowe
Keith Lowe
Michael Grehan, managing director, Sherry FitzGerald

Keith Lowe

Keith Lowe

(a) €250,000: a top-of-the-range two-bed apartment in west Dublin in the region of €200,000, where it would command a rental income of around €1,500 per month and this would provide a very attractive gross yield of just under 10pc a year. With banks offering under 0.5pc for deposits money, this is a fantastic return.

(b) €350,000: a two-bed apartment in the Dublin Docklands. The location will remain hot for tenants and buyers alike, as it sits in centre place of a high-employment area which is home to some of the highest-paid employees, many working for international banks, insurance and IT firms. This area is becoming the hub of Dublin's 'Silicon Valley'.

(c) €600,000: a pre-63 investment property (house in multiple residential units) on the Northside of the city near one of the new Luas stops between Phibsborough and in or around the North Circular Road. A 10pc yield can still be obtained.

Keith Lowe is CEO of Douglas Newman Good (DNG), a national estate agency network which has 75 branches throughout the country, including franchises. He has 33 years’ experience in the sector, having joined the firm in 1984.

Michael Grehan

Michael Grehan, managing director, Sherry FitzGerald

(a) €250,000: 31 Castlemara, Annacotty, Limerick (asking price €249,000). Great potential for this three-bedroom semi-detached house. Located very close to a university so will always have strong rental demand. Would currently have the potential to rent for €1,300 p.m. In addition its proximity to the NTP (National Technology Park) will make it attractive.

(b) €350,000: 184 Skellig Michael, Custom House Harbour, IFSC, Dublin 1 (asking price €345,000). This is a great two-bedroom apartment in the heart of the Docklands. Right now there's no shortage of tenants, and this property has the potential to achieve approximately €2,000 p.m. Hard to argue against this as a solid investment.

(c) €600,000: 9 Swanville Place, Rathmines, Dublin 6 (quoting €550,000). Rathmines, a long-standing favourite with investors for its plentiful supply of tenants, tends to outperform the market from a capital appreciation perspective. This safe investment would achieve about €2,750p.m.

Michael Grehan is MD of the Sherry FitzGerald estate agency group, which has a 66-branch-strong network, including franchises. He has more than 28 years’ experience in the property sector.

Irish Independent

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