The address: Apartment 1, Vernon Court, Clontarf Road, Clontarf, Dublin 3.

The agent: Gunne.

The property: two-bedroom ground floor apartment for €450,000.

The look: apartment in an uninspiring but small and secluded apartment complex of around 30 units built in 1970s.

The landscape: located on Clontarf Road the apartment is close to all the hotspots and is a 15-minute walk to the Dart.

The features: 74sq m (800sq ft) of living space includes a separate kitchen and a large bathroom, which may need a revamp. A bright kitchen has been recently renovated and features Shaker-style fitted units.

How much for an investor? On a 90 per cent mortgage at a 3.75 per cent tracker rate, the monthly repayments over 20 years would be €2,399 per month and over 25 years would be €2,080 per month. On an interest-only loan the monthly repayments would be €1,192 per month for the first seven years.

How much for an owner-occupier? The repayments on a 92 per cent mortgage at a 3.75 per cent tracker rate over 25 years would be €2,126 a month and over 30 years would be €1,914 per month.

The potential: an apartment in this central location should fetch €1,100-€1,200 per month rent, according to Gunne.

The verdict: for investors or owner-occupiers this apartment represents a good opportunity to get into the Clontarf market.

Calculations by Bank of Ireland