That price is low enough that even after 5 years with students, I might sell and make a return. and students move on when their Course is finished, so I would not have the hassle of dealing with a tenant who refused to leave if I wanted to sell. That would be a nightmare scenario for me.
I think it could work in principle but I wouldn't do this with anything less than a ten-year investment horizon.Students have the same rights to security of tenure as anyone else. If you want the option to cash out after 5 years then property is probably not the right thing for you. Especially if not being able to do this is your nightmare scenario.
Are you prepared for a call at 10pm on a Sunday about a broken dishwasher? If so, will you be able in ten years time?early 60s.
Potentially not if you have a hold over tenant, if some of the wilder tenancy rights are implemented by the next government, management company issues, or it's caught up in the wave of fire safety issues that are coming down the tracks to a very high proportion of Irish apartment complexes. Just some of the reasons landlords are currently exiting the market.At least an apartment is capable of being sold on
I was considering a two bed apartment for €120,000 in a regional University town
Are you prepared for a call at 10pm on a Sunday about a broken dishwasher? If so, will you be able in ten years time?
As long as the current rent control legislation stays in place, if you charge less than market rent, you'll suffer a semi-permanent or perhaps permanent diminution in the resale value of your property as a rental property (as opposed to a sale to an owner-occupier which may not be feasible for a property targeted at students.)I would be a reasonable landlord to the right tenant. I'm not out to screw anyone with rent.
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