B
brabus_47
Guest
Hi folks,
looking for advice please.
I own (no loan) a 3bed semi in cashel (around corner from main street) as investment, which has risen from from 187k to 240k (latest bid) in under 9 months. It rented before that for 6 mths at 750 per month.
The reason I am thinking of selling is to buy in dublin, as even though value of cashel house is rising and will continue to beyond 300 k in a year or so, so will dublin too, and as i am working (and currently renting in dublin) and from the area I thought it might be better to try get in on ladder up there.
there is no mortgage on cashel.
Any advice? I was thinking of 2 options:
a) borrow ~250/260k (approved in principle for this based on my salary) and get a 1bed apt in dublin somewhere and keep renting cashel,
or
b) sell cashel and buy a new house in dublin for ~400k, renting a room or two?
Anybody got any advice?
Thanks.
B
looking for advice please.
I own (no loan) a 3bed semi in cashel (around corner from main street) as investment, which has risen from from 187k to 240k (latest bid) in under 9 months. It rented before that for 6 mths at 750 per month.
The reason I am thinking of selling is to buy in dublin, as even though value of cashel house is rising and will continue to beyond 300 k in a year or so, so will dublin too, and as i am working (and currently renting in dublin) and from the area I thought it might be better to try get in on ladder up there.
there is no mortgage on cashel.
Any advice? I was thinking of 2 options:
a) borrow ~250/260k (approved in principle for this based on my salary) and get a 1bed apt in dublin somewhere and keep renting cashel,
or
b) sell cashel and buy a new house in dublin for ~400k, renting a room or two?
Anybody got any advice?
Thanks.
B