The address:130 Glenageary Avenue, Glenageary, Co Dublin.
The agent:Lisney.
The property:five-bed semi-detached house with an asking price of €895,000.
The landscape:in leafy Glenageary, the Dart is in walking distance and the Glenageary shopping centre even closer. All the services of Dún Laoghaire are in striking distance.
The features:number 130 has been recently renovated and comes to the market in excellent condition. The current owner has fitted the 198sq m (2,130sq ft) house with fire doors, fire and smoke alarms, and en suite rooms in four bedroom and rents them out. He lives in the converted attic with adjoining shower room.
Accommodation is spacious with a family room to the front, sittingroom, a snazzy kitchen with breakfast area, utility room and sunroom. Outside there is a decent back garden and to the side a garage.
How much for an investor to buy?At Bank of Ireland's investment mortgage rate of 5.25 per cent (APR 5.5 per cent) three years fixed, the monthly repayments will start at €4,013 over 25 years, based on the maximum loan of 75 per cent of the asking price or €671,250.
On an interest-only basis on a loan of 75 per cent of the asking price (€671,250), the monthly repayments will be €4,053 over 25 years (based on Bank of Ireland's investment tracker).
How much for a residential buyer?An owner-occupier opting for a 92 per cent loan (€823,400) would pay €4,732 a month over 25 years, based on Bank of Ireland's two-year fixed rate of 4.85 per cent.
Potential:the current owner is earning €650 per room a month - that works out at €3,250 per month and €39,000 per year. There is potential to convert the garage into another room.
Verdict:while on the surface number 130 is a classic south Dublin family home it does have potential as an investment property.
Calculations by Bank of Ireland
