A three bed semi in Harold's Cross
The address:7 Priory Road, Harold's Cross, Dublin 6W.
The property:refurbished three-bed semi-detached part brick-fronted house in walk-in condition with 109sq m (1,179sq ft) of space, car-parking and a 46ft west-facing rear garden.
The agent:Lisney.
The landscape:Priory Road is a mature residential road off the Lower Kimmage Road. A wide range of amenities are available in nearby Harolds Cross and Terenure while the city is a 30-minute walk away.
How much for an owner-occupier?A first-time buyer could get a 92 per cent mortgage, or €437,000, at a one-year fixed rate of 2.8 per cent APR giving monthly repayments of €2,282.9 over 20 years and €1,926.6 over 25 years. This is through Bank of Ireland and the figures exclude mortgage interest relief.
How much for an investor?Stamp duty on €475,000 is €24,500, bringing the total acquisition cost up to €499,500. With Bank of Ireland, an investor could get a mortgage up to a maximum of 75 per cent loan-to-value, or €356,250. On a variable rate of 4.6 per cent APR, the monthly repayments are €2,250.37 over 20 years and €1,976.75 over 25 years.
Potential?The house could rent for €1,500 a month, according to the agent.
Verdict?Suits a first-time buyer looking for a smart house within walking distance of the city centre.
Calculations by Bank of Ireland
– Justin Comiskey
