Canny option in Rathmines for €1.2 million

This sizeable four-bedroom house has a flat at garden level with three bedrooms and will suit a buyer seeking a family home and an income-generating investment

Thu, Mar 6, 2014, 00:00

Number 10 Castlewood Avenue is a period terraced property with a rental income included in the price.

It’s a canny option that more and more househunters, who can stretch to the budget, want to factor into trading up plans. An income makes your home work for you.

The well-located house has fine proportions and comes with a three-bedroom flat at garden level to help with the mortgage. The house measures 130sq m (1,400sq ft) in size and is asking €1.2 million through agents Property Partners O’Brien Swaine, a bullish figure that reflects the increase in asking prices when you consider that number 25 Castlewood Avenue, a house in six units and requiring refurbishment has just been sale agreed and was asking €875,000. Number 28 Castlewood Avenue, a similar house, sold in 2012 for €558,000.

Number 10 has two good-sized interconnecting rooms each with a marble fireplace. The windows to the front are uPVC. There are sash windows to the rear. Steps take you through to a laminate-counter topped kitchen that overlooks the north-facing garden to the rear. A half door leads down a metal staircase to the flagstone patio below. The garden is small but manageable with Belgrave Square nearby if you need a bigger green space.

There are four bedrooms, all doubles. The master overlooks the garden and has a shower ensuite bathroom. At garden level there is a three-bedroom flat, comprising two single bedrooms and one double.


Rental income
The flat has a sittingroom to the front of the house and a windowless kitchen. It measures 48sq m (522sq ft) and is currently generating a monthly rent of €1,350 but agent David Swaine believes a rental of €1,450-€1,500 could be achieved. The flat would benefit from an upgrade. The house is BER exempt.

Located very close to the Swan Centre, noise pollution from early morning deliveries to Dunnes Stores may be a consideration. So too is the off-street parking which is limited to one car, two at a stretch if they’re both small.

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