I have decided to enter the property market and have put an offer on a one bed apartment near the blanchardstown shopping ctre.
This is to be a long term investment with the rental covering the mortgage repayments for the first year anyway.(1 yr fixed)
190k over 25yrs.
I know I will have to pay maintenance fees / upkeep of the property /advertisements for tennants and so on.
We both have SSIA maturing in the next 2 years and I hope to use this money to pay of our home loan in total which is a separate mortgage.
We will still both have savings built up and shares valued around 30k .
My main reason is to diversify .I have selected a one bed to reduce the risk
if property does go the wrong way.
What do people think of one bed versus 2 & 3 beds to rent and for capital growth?
Is property beside a major shopping ctre / motorway at any advantage that another further a field with no / little amenities ?
This is to be a long term investment with the rental covering the mortgage repayments for the first year anyway.(1 yr fixed)
190k over 25yrs.
I know I will have to pay maintenance fees / upkeep of the property /advertisements for tennants and so on.
We both have SSIA maturing in the next 2 years and I hope to use this money to pay of our home loan in total which is a separate mortgage.
We will still both have savings built up and shares valued around 30k .
My main reason is to diversify .I have selected a one bed to reduce the risk
if property does go the wrong way.
What do people think of one bed versus 2 & 3 beds to rent and for capital growth?
Is property beside a major shopping ctre / motorway at any advantage that another further a field with no / little amenities ?