http://www.myhome.ie/residential/brochu ... -2/1959258

Seems like a decent deal - This must be very rentable...

Maybe, but a ground floor apartment on (or even just off) Sth Gt George's St (or any main city centre road) will be damned noisy at any hour of the day or night. A lot of people would think twice about renting it.

48 metre squared 2 bed apartment? Yikes.

if it's at the rear, like this, shouldn't be as noisy. Less noisy than a front facing 1/2/3rd floor?

I think it faces back towards the castle, so not the worst. Is there any night time pedestrian access that side of the castle? I can't remember, but if so, it's likely to be full of loud vomiting drunks in the small hours. Maybe I'm just getting old, but a city centre apartment isn't my idea of fun. Somewhere like the Temple Bar or Pearse Street apartments must be absolute hell and I don't know if this block would be a lot better.

it's on the other side; almost beside Hogans, car part to rear; looks well insulated from passing drunks so?

http://binged.it/PqTHPN

Depending on condition and how it will be furnished I'd expect you to get a grand a month for this place. I've a few apts within a few hundred yds and I'd be amazed if you didnt get 10k min p.a. Although I'm, bullish on family houses in reasonable areas I'd accept the majority view here that apts won't appreciate. So, look upon this as a steady income-even if rents go down- though, as it's a better location than many in city centre, I think you'll do O.K.

The trick with getting the best income out of small apts is the right colours, decor,furniture. Worth spending a few pennies on getting it right.

(Maybe worth spending a couple of hours on Thur,Fri and Sat nights hanging around the area. If -assuming you don't get arrested-it does seem dodgy then obviouslyavoid it. )

You could even get Isabel Morten in if you wanted to maximize your asset!

Seriously any tips? Mirrors to give the impression of space etc?

Everyone's tastes differ but looking at the photo of the lving-room it's the opposite of what i'd present if letting the place. Much more minimalist, yes- mirrors, and light coloured (but washable) furniture. May need a change of lighting. It's up to the tenants if they want to stuff it with junk but on presenting it I'd put as little as possible, save a white rug over darkish floor.(yes it'll be soon destroyed but gives illusion of more height. Kitchen's O.K. save for some junky stuff.

The more I think about this place the more I want to see it. If they went down to 100k I'd be tempted it, maybe 110k -must be something wrong with it that needs investigating. Next to noisy lift? Constant leaks from above? Full of SW tenants?

My club-going daughter advises me that neither she nor her friends have vomited in that vicinity so that may help...

Am I missing something or is this a reasonable deal also?

Bigger than the OP

http://www.myhome.ie/residential/brochu ... -2/2104506

Music Hall, Temple Bar
2 bed apt €125k

No, it looks much better value, another apartment in this complex went for around €180,000 earlier in the year, the Irish Times did a small feature on it

As an owner of a few apts within a couple of hundreds yards of this place I am deeply distressed that prices have sunk so low. It seems amazing value for such a large apt in a great location -this is a quiet pleasant part of "new" or "west" Temple Bar. There is no doubt that this will get nearly 15 k p.a. rent -(just look at whats available on daft for comparison).
Why sell something that could yield - even after all running costs and charges - at least 11k p.a.
9% nett ?

I'd happily buy this if I had any cash left.

As Slasher said - am i missing something ?

There’s a letting ad for the same apartment saying it is let agreed with an asking rent of €1,300 p.m.

http://www.property.ie/property-to-let/ ... 2/1170168/

Let’s assume the renters got a €100 discount, that is still €14,400 p.a. or a gross yield of 11.5%. Not shabby at all.

As an investment it might make sense, but as an apartment to live in it looks depressingly tiny. The living room is the width of a corridor, and there is zero apparent storage space. I’m guessing it is south of 500sq ft, which is frankly a joke for a two bedroomed apartment.

I doubt any sane owner occupier would buy a place that small, so it is left only to investors. I imagine investors will need those 10%+ yields to compensate for the risk of further falls in capital value. This will probably sell at or close to the ask.

The building has short term holiday rentals, and I also found this gobshite’s post below. Mightn’t be the quietest apartment around.

http://wikimapia.org/1815069/Fakhro-s-M ... Temple-Bar

Living room is tiny alright, though the bedrooms are doubles, which you can't say about plenty of 2 beds...

Not somewhere I'd like to spend a rainy Sunday afternoon, though at least you can head out for a mosy round Temple Bar

I don't know how many of you visit new central Dublin apartments but I doubt you'll get many bigger than this -assuming EA figures are correct. Most 2 bed apts range from 50 s.m to 75 s.m - very few bigger.

According to the E.A's ad there are three measurements given - living-room/kitchen 26.4 s.m Bedrooms 12.5 s.m & 21 s.m - that's 60 s.m or 660 s.f - without taking into account the bathrooms/hall. So ,we're looking at a total of ,what?, over 700 sq ft?
One of the bedrooms is ,for a city centre apt very large at 21s.m. / 230 sq ft.
The living room is not big -but a width of ten feet is hardly a corridor (and the length is supposedly 8m/25 feet -not bad).

I repeat - I'm going on the E.A's figures and I know how unreliable they can be. In fact they look a bit weird. But the price is so damn low for the rent one can get that I'm contacting them tomorrow a.m.
I'm expecting to be told there's a mistake in the price - or else find out the last three owners all died horrible deaths.

(incidentally this is one of the quietest areas in Dublin city-centre -between dawn and dusk. A great place to live for night-owls who hate day noise all through the day.Actually,I'll use that line when I let the place!))