Last week we spoke about the rise of rural investment and the opportunities popping up around the country due to the shifting workplace environment. With more people now working from home, we see a rise in house prices across the country. We took a sample budget of €325K and compared some Dublin prices with equivalent properties in Cavan and Kildare. This week, let’s dive deeper and see what opportunities are out there.
The following should not be taken as financial advice but is simply a review of properties currently on the market. Always seek professional advice before making any long term financial decisions.
Sligo Town
1 Bed – Apartment – €70,000
Image Source: Daft.ie
This modern first floor one bedroom apartment is situated in Sligo town centre close to all amenities. The property extends to approximately 420 sq. ft. This property is already subject to a tenancy at a current rent of €6,360 per annum providing a gross Yield of 9%.
Potentially a wonderful opportunity for investors on a budget in an area where house prices are on the rise.
Enniscorthy, Co.Wexford
2 Bed – Terraced House – €70,000
Image Source: Daft.ie
This two bedroomed mid terraced property is the perfect refurbishment opportunity, well located within a short walk of Enniscorthy town centre. Similar properties in the area are currently on the market for €900 per month.
Limerick IT – Co. Limerick
3 Bed – 2 Bath – €75,000
Image Source: Daft.ie
This unit in the professionally managed Cratloe Wood development is popular with students. The property consists of a first floor three bedroom apartment with bright spacious accommodation, located only 500m from Limerick Institute of Technology. Close proximity to Limerick City also with public transport links within walking distance. Potentially a great opportunity for savvy investors with similar properties in the development going for €1,150 per month at the time of writing.
Cobh, Co. Cork
2 Bed – Terraced House – €70,000
Image Source: Daft.ie
A wonderful opportunity in the beautiful seaside town of Cobh in County Cork comprising of 2 bedrooms over two floors with a garden to the rear and all just a stone’s throw away from the water. On other note, Cobh is only a 20-25 minute drive to Cork City, making it very attractive to commuters and those looking to escape the city.
Tune in next week…
Again, the information in this article is simply a brief overview of properties available around the country and should not be taken as financial advice.
Hopefully this article has served to show some of the opportunities that are out there for those looking a bit further afield. Next week let’s up our budget and perhaps take a look at the City/Town centres across the country and see what bargains can be found.
As always if you need any professional advice or help with your property portfolio, please don’t hesitate to contact us here at KPM Group and we’ll be happy to help in any way we can.
