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As an investment, what do ye think??
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26-07-2014 10:27pm#1
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boiler was replaced completely last year estate agent was onto BER man and asked him for me. I've a good feeling about it so set up an appointment to view it today. I'm attracted to the area just because of the proximity to Limerick and Nenagh is a fairly okay town to be in location wise. a friend has a property there and has never had it vacant for too long and even so ive nieces there that are coming of age to move out of home :P I'll sit on it for a day or two after viewing.
thanks for opinions so far!! much appreciated! 0 -
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Good luck, you hoping to get it for 70?
Thanks, I'm hoping to, the EA said they'd definitely sale agree at 73k so anywhere in that region would be grand for me. I really liked it today, it looks small in thee pictures but the rooms are actually quite big so i'm happy enough.
I've been following here for so long that I know I'd get good advice so I'm delighted with all the replies 0 -
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The_Conductor wrote: »Its not purely a commercial consideration though- with his nieces interested in it- and for the overall price- its probably fine. If he were purely an investor- and this was something he was reliant on- then, perhaps it might be a concern- but at an overall investment of 70k- its reasonable.
Personally- I couldn't justify it- I've no ties to the area- and if it were my sole investment property- the hassle of having tenants and having to deal with them- when I don't live in the vicinity- would drive me nuts.
I'm a she
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Pinkycharm wrote: »Putting in a bid on this tomorrow I hope!! The BER Cert is pending on it but just want opinions!
http://www.myhome.ie/residential/brochure/5-bulfin-road-nenagh-tipperary/2870692
Seems like a great buy and very little work to do!
As a stroke of luck i live in Nenagh so i can hopefully answer any questions you may have about the area
Those houses in Bulfin are quiet nice, fairly roomy given the overall size. I can't see you having too much trouble renting it out at the right monthly price, i also wouldn't be too concerned about accepting rent allowance, plenty of peole still working in the town (especially given proctor & careys).
Also, you can feel very safe about dealing with that particular EA, an absolute gent, i'm dealing with the same one and honestly wouldn't have gone anywhere else.
If you have any questions feel free to ask them here or PM me if you want.0 -
As a stroke of luck i live in Nenagh so i can hopefully answer any questions you may have about the area
Those houses in Bulfin are quiet nice, fairly roomy given the overall size. I can't see you having too much trouble renting it out at the right monthly price, i also wouldn't be too concerned about accepting rent allowance, plenty of peole still working in the town (especially given proctor & careys).
Also, you can feel very safe about dealing with that particular EA, an absolute gent, i'm dealing with the same one and honestly wouldn't have gone anywhere else.
If you have any questions feel free to ask them here or PM me if you want.
Thanks a million for the reply!!! Yeah he is a lovely man! I was onto another one in Nenagh and he was a bit offish with me just because of my low budget! I can understand why they want to get 70k+ its still an absolute steal at that. I really like the area too just from driving around, another house has come up for sale around there too so just arranging to view that this week but I agree with what you said, Nenagh still has good prospects and everyone has to start somewhere so RA would not bother me. I still can't get over how deceiving they are from the outside, they are quite spacious inside. I was expecting a tiny house and it was quite the opposite!
So would it be a good part of the town to have a property?0 -
Pinkycharm wrote: »Thanks a million for the reply!!! Yeah he is a lovely man! I was onto another one in Nenagh and he was a bit offish with me just because of my low budget! I can understand why they want to get 70k+ its still an absolute steal at that. I really like the area too just from driving around, another house has come up for sale around there too so just arranging to view that this week but I agree with what you said, Nenagh still has good prospects and everyone has to start somewhere so RA would not bother me. I still can't get over how deceiving they are from the outside, they are quite spacious inside. I was expecting a tiny house and it was quite the opposite!
So would it be a good part of the town to have a property?
Yeah they are huge, given how small they look from the outside
Where it is is just outside the middle of town really, almost on top of the cinema, very close to tesco, close to the CBS, close to everything really. I can't imagine any reason why it wouldn't be a desirable place to live for anyone, very suitable for a young couple i'd imagine. The biggest soccer club in the region is just down the old birr road, and it's no distance from the public pool or the hotel which has leisure facilities. Golf club just out the road too. But then you have the advantage of it being that end of town which is far enough away from the pubs etc that noise isn't really a factor. Most of the long established families live in or around that area too and they are very friendly, there's a good few properties say down to the left in Sallygrove that are rentals and there's never any issues between neighbours. (SOURCE: my partner's grandparents and uncle live literally just around the corner, as do a lot of their family friends, 3 of the surrounding properties are rented and everyone is happy out)
The reason i'm so familiar with those houses is my dad and a business partner owned 2 of them up until a few years ago.
I think i have an idea who that other EA might be, yeah, you're spot on. The area is really nice, that end of town is probable the quietest, not necessarily a bad thing though.
There's nothing really to sell you on as you won't be moving in yourself and anyone looking to rent from you would more than likely be familiar with the town.
I'd say if you get it in the region of €70k it's a steal, given how well finished off it is inside, little or nothing to do to turn key.
Also, if you would feel safer having anyone from the trade taking a look to make sure things are all okay there are any amount of good lads in the town. There's a couple of decent property management guys as well if that's something you'd be interested in.
As far as getting to Limerick goes, realistically it's less than 30 minutes on the motorway, so that, i would feel, is a pretty good selling point.
Hopefully that helps cover a few questions??0 -
Yeah they are huge, given how small they look from the outside
Where it is is just outside the middle of town really, almost on top of the cinema, very close to tesco, close to the CBS, close to everything really. I can't imagine any reason why it wouldn't be a desirable place to live for anyone, very suitable for a young couple i'd imagine. The biggest soccer club in the region is just down the old birr road, and it's no distance from the public pool or the hotel which has leisure facilities. Golf club just out the road too. But then you have the advantage of it being that end of town which is far enough away from the pubs etc that noise isn't really a factor. Most of the long established families live in or around that area too and they are very friendly, there's a good few properties say down to the left in Sallygrove that are rentals and there's never any issues between neighbours. (SOURCE: my partner's grandparents and uncle live literally just around the corner, as do a lot of their family friends, 3 of the surrounding properties are rented and everyone is happy out)
The reason i'm so familiar with those houses is my dad and a business partner owned 2 of them up until a few years ago.
I think i have an idea who that other EA might be, yeah, you're spot on. The area is really nice, that end of town is probable the quietest, not necessarily a bad thing though.
There's nothing really to sell you on as you won't be moving in yourself and anyone looking to rent from you would more than likely be familiar with the town.
I'd say if you get it in the region of €70k it's a steal, given how well finished off it is inside, little or nothing to do to turn key.
Also, if you would feel safer having anyone from the trade taking a look to make sure things are all okay there are any amount of good lads in the town. There's a couple of decent property management guys as well if that's something you'd be interested in.
As far as getting to Limerick goes, realistically it's less than 30 minutes on the motorway, so that, i would feel, is a pretty good selling point.
Hopefully that helps cover a few questions??
I think you've definitely made my mind up on it. It really is lovely inside I rang the EA yesterday just about the BER because I wanted to wait on that before I put in an official offer and he listed off the things that they had done- the cavity walls were apparently done just 2 weeks ago so they are obviously still trying to make it as attractive as possible. I think that outside shed/utility room is a huge bonus and the attic is floored. He said it's a young couple that have it so I'm sure it is very well taken care of and they really did put a lot of work into it. I honestly think that a 30 minute commute is nothing compared to some- I commute an hour to work each way i think its still attractive for those who work in Limerick or in the other towns around it. Did he own this particular one? It is extremely central! I did look at another one in Millersbrook today and one in Johns Terrace. I'm not to sure about the Millersbrook one although it is a 5 bed, I think something cosy like this would be a lot nicer. The Johns Terrace one was boarded up and that EA has one for sale in Sallygrove that I'll be taking a look at during the week. He did say that they would sale agree at 73k definitely so might be worth giving him a call again. I'm wondering will there be much interest in it at a local level- I hate to lose out on things 0 -
Pinkycharm wrote: »I think you've definitely made my mind up on it. It really is lovely inside I rang the EA yesterday just about the BER because I wanted to wait on that before I put in an official offer and he listed off the things that they had done- the cavity walls were apparently done just 2 weeks ago so they are obviously still trying to make it as attractive as possible. I think that outside shed/utility room is a huge bonus and the attic is floored. He said it's a young couple that have it so I'm sure it is very well taken care of and they really did put a lot of work into it. I honestly think that a 30 minute commute is nothing compared to some- I commute an hour to work each way i think its still attractive for those who work in Limerick or in the other towns around it. Did he own this particular one? It is extremely central! I did look at another one in Millersbrook today and one in Johns Terrace. I'm not to sure about the Millersbrook one although it is a 5 bed, I think something cosy like this would be a lot nicer. The Johns Terrace one was boarded up and that EA has one for sale in Sallygrove that I'll be taking a look at during the week. He did say that they would sale agree at 73k definitely so might be worth giving him a call again. I'm wondering will there be much interest in it at a local level- I hate to lose out on things
I'd avoid Millersbrook, lovely looking houses but they haven't the same work gone into them, if you know what i mean. Also, not to cast aspersions but a lot of them are owned/long term leased by the council now. Johns Terrace and Sallygrove would be similiar to Bulfin, honestly i find the older houses are better, anything that went up in the 00's was thrown up in a lot of cases.
No they owned the two on the end on the opposite side of the road, lovely houses and practically identical to the one you looked at.
I will keep a local eye on it to see if there's any movement, will send you a PM with details of that
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I'd avoid Millersbrook, lovely looking houses but they haven't the same work gone into them, if you know what i mean. Also, not to cast aspersions but a lot of them are owned/long term leased by the council now. Johns Terrace and Sallygrove would be similiar to Bulfin, honestly i find the older houses are better, anything that went up in the 00's was thrown up in a lot of cases.
No they owned the two on the end on the opposite side of the road, lovely houses and practically identical to the one you looked at.
I will keep a local eye on it to see if there's any movement, will send you a PM with details of that
Thanks a million for everything! 0 -
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Pinkycharm wrote: »He did say that they would sale agree at 73k definitely so might be worth giving him a call again. I'm wondering will there be much interest in it at a local level- I hate to lose out on things
Don't give him a call. Don't panic, your offer of 68 is in. Wait to hear from him. If you call him you are showing your hand and bidding against yourself.0
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