85 Ashfield Road Ranelagh D6 (-€750, -16.6%)

Proximo · **Posted:** Tue Jan 13, 2009 3:00 pm

Was €4500 per month, now €3750 per month:

Quote:

You searched for 85 Ashfield Road, Ranelagh, Dublin 6 and this page shows the full details of this house to let. This property has 4 bedrooms, 2 bathroomsand the monthly rent is €4,500 monthly This house was last entered 3 days ago. You can see other lettings in Ranelagh on the Rent in Ranelagh search page.

Cached Link:
http://209.85.229.132/search?q=cache:h3 ... cd=4&gl=ie

Also available to buy at €1.4m:
http://www.myhome.ie/residential/search ... RJHN370655

okiedokie · **Joined:** Feb 4, 2009 **Posts:** 12

That is an obscene rent for a 4 bed house. Who on earth can afford that? And why dont they just buy a house - even in the current market they should be able to do better than that.

BabyBarrista · **Joined:** Feb 8, 2009 **Posts:** 1

That seems a little high for a house which is available for purchase at €1.4m, but:-

€3,750 x. 12 = €45,000 p/a rent.
Now, let's assume a 5% rental yield - this leaves us with a "x. 20" multiplier:-
€45,000 x. 20 = €900,000 -- Thus, assuming a 5% rental yield, the house should be available to buy for €900k.

[Instead, to get €1.4m you have to use a little over 2% as the rental yield!! Thus it has some way further to fall...]

It is actually the case that this is much better value to rent than purchase. Ranelagh will always be out of the reach of most of the population.

85 Ashfield Road Ranelagh D6 (-€750, -16.6%)

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