Greene Finance & Property

22 Villa Park, Greenacres, Dundalk, Louth, Sold

4 Bed Terraced House

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Description

Investors dream------10% + yield potential Of course we don't want to burst the bubble of first time home buyers but the fact of the matter is that houses like this quite simply are an investors dream. With four bedrooms and very little outside maintenance 22 Villa Park will command a rental income of c. €750 per month. For roughly the same money in a bank deposit account an investor would do well to get €120 per month so for the logical conclusion it's simple.....just follow the money. Even with all taxes and costs taken into consideration we reckon you will still clear over €550 per month and have an assets which has a good chance of rising in value. No, it's not a typo in the first line-this is a four bed property and the rooms are spacious. Like all Greenacres houses the room dimensions are larger than in most of the more recently built estates. You won't have any difficulty fitting a large three piece in this sitting room and you will still have lots of room for your ten foot square flat screen. The real fire complements the oil central heating so this is a place where you can really toast on those long winter nights. The extended kitchen cum dining room again surprises with so much room measuring 24' x 12' and the oak units offer more than enough cupboard space for any household while leaving sufficient room for a table for eight. So what are the drawbacks for a house this size going for this price. Well, parking is at the rear and the front access is on foot along the green area which stretches the length of the row. While the entire has been recently painted the new owner may add a bit more colour and some of the carpets could do with a change. But make no mistake, this is a structurally sound house and is very well located for all the towns amenities. First time home buyers should be aware that at the asking price a mortgage on this property would cost less than €400 per month. Renting is not such a great idea. Is it?

Features

Parking, Wired For Cable Television, Oil Fired Central Heating

BER Details

BER: D1
BER No. 101826543
Energy Performance Indicator: 257.30

Viewing Details

By appointment only