The address: 7 Harman Street, off Donore Street, Dublin 8.

The property: petite two-bedroom cottage with 39sq m (420sq ft) of space for €99,950. The house is in good shape structurally but needs redecorating and an updated kitchen and bathroom (approximate cost €10,000, says the agent). In a cul-de-sac with on-street car-parking, there is also a patio to the rear.

The agent: Savills.

The landscape: Harman Street is a short distance from the SCR and The Coombe hospital in a settled area which offers easy access to the city centre.

How much for an owner-occupier? An owner-occupier could borrow up to 92 per cent of the price, or €91,954, leaving them with an equity input of €7,996. To qualify for this loan a single applicant would need an income of circa €26,000 and two individuals would require minimum incomes of circa €40,000 each. No stamp duty applies. Monthly repayments on a variable rate with AIB of 2.65 per cent (APR 2.68 per cent), would be €419.31 per month over 25 years.

How much for an investor? On a loan-to-value of 75 per cent, or €74,962, a purchaser would require equity input of €24,988. Based on a variable rate of 4.2 per cent with AIB (APR 4.27 per cent) over 20 years the monthly cost would be €461.77 and over 25 years €403.30.

Potential? Updated, the house would rent for around €800 a month, according to the agent.

Verdict: suits an investor.

Calculations by Annette Moore, MMPI, Donnybrook

– Justin Comiskey