Estate Of 2 Houses For Sale In Dublin

Description

Estate of 2 Houses For Sale in Dublin Ireland

Esales Property ID: es5554428

Property Location

51 Nth.Strand Road D3

52 Nth. Strand Road D3

D03 PR84

Dublin

Ireland

Property Details

The vibrant city of Dublin offers a dynamic market for property investors. This analysis delves into two distinct properties located on North Street Road, Dublin 3, highlighting their potential and key considerations.

Property 1: 51 North Street Road – A Multi-Unit Investment

Description:

* Terraced property with three separate apartments, each with its own Eircode (unique identifier for Irish addresses).
* Total area: Approximately 270 square meters, including common areas.
* Layout:
* Basement: 1 bedroom apartment with shower room, toilet, and kitchen/dining room (approximately 90 square meters).
* Ground Floor: 1 bedroom apartment with shower room, toilet, and kitchen/dining room (approximately 82 square meters).
* First Floor: 2 bedroom apartment with shower room, toilet, and kitchen/dining room (approximately 90 square meters).

* Amenities: Fire alarm, emergency lighting, rewired electrical system, replumbed plumbing, gas central heating (communal), insulated floors, walls, and ceilings.
* History: Previously operated as a boarding house (pre-1963).
* Renovation Needs: Requires updating throughout.

Investment Potential:

* Multi-unit property offers the potential for rental income from three separate apartments.
* Location is a key advantage, with close proximity to the sea, city center, train station, bus center, and the International Financial Services Centre (easily accessible within 5 to 20 minutes).
* Upgrading the property could significantly increase rental yields.

Considerations:

* The property requires renovation, and potential costs should be factored into the investment decision.
* Managing multiple tenancies requires a well-defined strategy.
* Research rental market trends in the area to determine potential rental income.

Property 2: 52 North Street Road – Spacious Semi-Detached Property

Description:

* Semi-detached property with a basement, two floors, and a large back area.
* Total area: Approximately 280 square meters (figures require independent verification).
* Layout:
* Basement: 1 bedroom, communal eating area, shower room, and storage area (approximately 95 square meters).
* Ground Floor: 2 large bedrooms, separate toilet, and shower room with toilet (approximately 95 square meters).
* First Floor: 3 bedrooms, with one very large bedroom (approximately 95 square meters).

* Amenities: Central gas heating, smoke detectors, and emergency lighting.
* Back Area: Approximately 700 square meters, facing a side street and rear lane. Part of this area was previously used for commercial purposes.

Investment Potential:

* This property offers flexibility for various uses. It could be converted into a single-family home or potentially subdivided into multiple units (subject to planning permission).
* The large back area presents development opportunities, subject to planning permission and feasibility studies.
* The location offers similar advantages to Property 1, with easy access to amenities and transportation.

Considerations:

* The property may require renovation and potential conversion work, depending on the chosen use.
* Planning permission may be required for any significant alterations or development of the back area.
* Research market trends for single-family homes, multi-unit conversions, and potential commercial development in the area.

Overall Comparison:

Both properties offer distinct investment opportunities. Property 1 presents a multi-unit income stream with potential for renovation and increased rental yields. Property 2 offers flexibility for conversion into a spacious family home, multi-unit investment (subject to planning permission), or potential commercial development of the back area.

Additional Considerations:

* All figures provided should be independently verified and confirmed by a qualified surveyor.
* The properties are sold 'as is,' and a thorough inspection is recommended before purchase.
* Consult with a qualified architect or developer to explore potential conversion or development options for Property 2.

The Dublin property market offers attractive opportunities for investors. By carefully considering the unique features, renovation needs, and potential uses of these two properties, investors can make informed decisions aligned with their investment goals.

Disclaimer: This information is for general guidance only and does not constitute financial or investment advice. Always conduct thorough due diligence and consult with qualified professionals before making any investment decisions.

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