Hello,
wife and I both retired. early 60s. No mortgage for years. House worth €500,000 approx. Combined pensions around €62,000 net p.a. I have an ARF €178,000, and Matrix Bond with Zurich €45, 000, Comfortable lifestyle, not into new cars or expensive furniture or gadgets . The odd holiday ok. House insulated to the hilt. 2 single adult kids, both working away from home.
We have €270,00 languishing in a current account looking for a good home. I am not comfortable taking risks at this hour of our lives, A modest return would be better than inflation eating away at it slowly.
I was considering a two bed apartment for €120,000 in a regional University town. 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. Is this a good idea or is there a better alternative? If this was an option, there would be €150,000 left . I`d keep €50,000 for easy access money, but what would be good to put the balance into?
Thanks in advance for your advice.
wife and I both retired. early 60s. No mortgage for years. House worth €500,000 approx. Combined pensions around €62,000 net p.a. I have an ARF €178,000, and Matrix Bond with Zurich €45, 000, Comfortable lifestyle, not into new cars or expensive furniture or gadgets . The odd holiday ok. House insulated to the hilt. 2 single adult kids, both working away from home.
We have €270,00 languishing in a current account looking for a good home. I am not comfortable taking risks at this hour of our lives, A modest return would be better than inflation eating away at it slowly.
I was considering a two bed apartment for €120,000 in a regional University town. 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. Is this a good idea or is there a better alternative? If this was an option, there would be €150,000 left . I`d keep €50,000 for easy access money, but what would be good to put the balance into?
Thanks in advance for your advice.