Two investment gems up for auction this month

No 9 Larnach.

No 9 Larnach.

Properties within walking distance of NUIG and UHG will always enjoy high levels of demand from a rental perspective, and this will always add to their appeal to investors. This six bedroom terraced house located on the Upper Newcastle Road is no exception and is ideally located within a stone’s throw of the NUIG campus.

In need of renovation, this spacious property offers huge potential for further development, and a further extension could easily be facilitated into the large rear garden. Within a short stroll of the grounds of NUIG, the house enjoys a west facing aspect and has ample off street parking and a separate rear access. The property extends to c125sq m of living space and currently includes an entrance hall, living room, sitting room, dining area, kitchenette, wc and utility, under stairs wc, six bedrooms, and bathroom. The city centre is also just a 10 minute walk away, making this property a winner from a location point of view. No 22 Upper Newcastle can be viewed on Wednesdays and Saturdays from 2.30pm to 3.30pm and comes to market with a guide price of €380,000.

Another ideal rental property to come to market is No 9 Larnach, Bohermore. This is a ground floor two bed apartment in this popular development of one, two, and three bed units, within a three minute walk of Eyre Square. This development is very well managed and maintained and includes lifts, electronic gate entrance for both cars and pedestrians, and communal parking. The apartment comprises a double and single bedroom, both with built-in wardrobes, kitchen/sitting room, and a fully tiled bathroom. The potential to earn a gross yield of 7.5 per cent is very real with the purchase of this property.

Commenting on the property, Fergal Leonard MIPAV of DNG Maxwell Heaslip & Leonard said: “This is a great apartment complex with properties renting here all year long at ease. As everyone is well aware at the moment demand for rental properties is very high, but even during quieter times, these apartments are never idle.” Open viewings take place Wednesdays and Saturdays from 2pm to 3pm and No 9 Larnach comes to market with a guide price of €135,000.

Both properties will be auctioned on Thursday July 21 in the Radisson Blu Hotel, Lough Atalia, at 3pm. Further details are available from selling agent DNG Maxwell Heaslip & Leonard on 091 565261.

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