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Moville - one-bedroom apartment - investment for rental

  • 23-11-2024 09:56AM
    #1
    JeremyGO
    Registered Users, Registered Users 2 Posts: 17 ✭


    Hi !

    I am a small time investor - I took out my pension fund money - and I am putting them in small real estate investments (the inflation eats off my hard-earned money after 40 years of saving). I am looking at Moville, Donegal, 1-bedroom apartment, 44 sq. m, in good condition. How is the rental market in Moville - is there demand? Is it only refugees renting, or are the local community members in need for such? Would it be a good investment? Would a rent of 800 EUR be achievable ? It is not a fancy place - but in good condition.

    Thank you!

    Post edited by byte on


Comments

  • #2
    JeremyGO
    Registered Users, Registered Users 2 Posts: 17 ✭JeremyGO


    A guy told me that the reasonable rent there would be more like 500 EUR max. He says Moville is a small town, and for 800 - 900 you can get a whole house.



  • #3
    NIMAN
    Registered Users, Registered Users 2 Posts: 36,377 ✭✭✭✭NIMAN


    Main bit of advice would be to check it's definitely not affected by reflective concrete blocks.



  • #4
    muffler
    Registered Users, Registered Users 2 Posts: 47,275 ✭✭✭✭muffler


    Dont be talking to the bot NIMAN. Its having its own conversation with itself.



  • #5
    JeremyGO
    Registered Users, Registered Users 2 Posts: 17 ✭JeremyGO


    I have checked it - it is not affected, as it was built in 1899.



  • #6
    JeremyGO
    Registered Users, Registered Users 2 Posts: 17 ✭JeremyGO


    The other person tells me - the ARP program which provides 800 EUR rent support to Ukrainian refugees will soon be over - and after Ukrainians will leave (soon he says), the demand for rents will decrease, and rent prices will fall. So he says investing 90 000 to get 400 - 500 EUR a month is not a good idea.



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  • #7
    NIMAN
    Registered Users, Registered Users 2 Posts: 36,377 ✭✭✭✭NIMAN


    https://www.boards.ie/discussion/comment/122876370#Comment_122876370

    Didn't even notice that!



  • #8
    byte
    Moderators, Regional North West Moderators, Paid Member Posts: 19,215 Mod ✭✭✭✭byte
    byte


    Closing this thread, as OP appears to have answered themselves.

    If you wish to talk further about buying property, please do so in the Accommodation & Property forum:

    https://www.boards.ie/categories/accommodation-property



This discussion has been closed.
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