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Buying a property in Swords for investment.

  • 25-02-2018 3:13pm
    #1
    LambDev
    Banned (with Prison Access) Posts: 19 ✭


    Hi

    My parents are looking to buy in Swords for an investment property. They have experience being landlords, but I'm justing looking for opinions to help them decide.

    They're looking in the applewood part of swords properties seem to be around the 160-170K mark, with rents being between 12-1500 mark. Worst case (Buying at 170, renting at 1200) the gross ROI is 8.4%. They seem happy at this and don't intend charging as hard as possible. IMO this looks like a decent investment. They plan to hang onto this for 20 years (roughly until when they retire) and then sell it depending on the market at the time.

    What are boards.ie users opinions? Is Swords a good area to invest in?


Comments

  • #2
    Browney7
    Registered Users, Registered Users 2 Posts: 3,100 ✭✭✭Browney7


    LambDev wrote: »
    Hi

    My parents are looking to buy in Swords for an investment property. They have experience being landlords, but I'm justing looking for opinions to help them decide.

    They're looking in the applewood part of swords properties seem to be around the 160-170K mark, with rents being between 12-1500 mark. Worst case (Buying at 170, renting at 1200) the gross ROI is 8.4%. They seem happy at this and don't intend charging as hard as possible. IMO this looks like a decent investment. They plan to hang onto this for 20 years (roughly until when they retire) and then sell it depending on the market at the time.

    What are boards.ie users opinions? Is Swords a good area to invest in?

    Are they buying with a loan/leverage or with cash outright?


  • #3
    LambDev
    Banned (with Prison Access) Posts: 19 ✭LambDev


    Browney7 wrote: »
    LambDev wrote: »
    Hi

    My parents are looking to buy in Swords for an investment property. They have experience being landlords, but I'm justing looking for opinions to help them decide.

    They're looking in the applewood part of swords properties seem to be around the 160-170K mark, with rents being between 12-1500 mark. Worst case (Buying at 170, renting at 1200) the gross ROI is 8.4%. They seem happy at this and don't intend charging as hard as possible. IMO this looks like a decent investment. They plan to hang onto this for 20 years (roughly until when they retire) and then sell it depending on the market at the time.

    What are boards.ie users opinions? Is Swords a good area to invest in?

    Are they buying with a loan/leverage or with cash outright?
    It's going to be 50/50 with 15K on top for fees/renovations.


  • #4
    Browney7
    Registered Users, Registered Users 2 Posts: 3,100 ✭✭✭Browney7


    LambDev wrote: »
    Hi

    My parents are looking to buy in Swords for an investment property. They have experience being landlords, but I'm justing looking for opinions to help them decide.

    They're looking in the applewood part of swords properties seem to be around the 160-170K mark, with rents being between 12-1500 mark. Worst case (Buying at 170, renting at 1200) the gross ROI is 8.4%. They seem happy at this and don't intend charging as hard as possible. IMO this looks like a decent investment. They plan to hang onto this for 20 years (roughly until when they retire) and then sell it depending on the market at the time.

    What are boards.ie users opinions? Is Swords a good area to invest in?

    They need proper advice taking their whole financial situation into account but I wouldn't be advising anyone to take out a leveraged investment on an illiquid undiversified asset in a frothy market (price wise). If they like property investment why not consider the REITs


  • #5
    Samuel T. Cogley
    Registered Users, Registered Users 2 Posts: 10,684 ✭✭✭✭Samuel T. Cogley


    OP didn't last long :pac:


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