What is it? No 77 Emmet Road is a seven-bedroom terraced house in Inchicore.
The problems: Yes, it has seven bedrooms, but this is not a mansion on sale for a knockdown price. No 77 has been split into four rental units — three two-bedroom apartments and one studio. It will cost a fair sum to convert the house back into a family home. Renting out the units could be expensive too, with maintenance, annual tax returns and government levies to consider.
The advantages: The price is right for a cash-rich investor looking for a property that is close to the city centre and will pay for itself. The present income from the four units is €2,300 a month, or €27,600 a year. This gives an annual yield of 9.8%. The location is popular in the rental market because it is close to the South Circular Road and St James’s hospital. There are good transport links, with plenty of buses and the Luas serving the neighbourhood. Phoenix Park is easy to reach from this part of town.
GWD, 01 874 9181, gwd.ie