The average rent on a 2 bedroom apartment in Monkstown is €1587.50 based on 6 apartments on daft today.
So purchase price of €520,000 and rent of €1587.50 = gross yield of 3.0%. Miserable return!
Although the upper end of the rental market in Monkstown for a 2 bed is 2300+ per month. Assuming 11 months occupancy at the top end of the market and ignoring stamp duty you would get a yield at 520k pretty close to 5%...
Although the upper end of the rental market in Monkstown for a 2 bed is 2300+ per month. Assuming 11 months occupancy at the top end of the market and ignoring stamp duty you would get a yield at 520k pretty close to 5%...
The average rent on a 2 bedroom apartment in Monkstown is €1587.50 based on 6 apartments on daft today.
So purchase price of €520,000 and rent of €1587.50 = gross yield of 3.0%. Miserable return!
If the data is out of date by 3-4 months in the esri index (which let's face it is most punter's barometer of house prices), then there must be some scope for people to exit a market with some considerable equity in the event of a tipping point being reached.
There are a lot of clever posts on here and some predictions made in July/August are being borne out. However I think we have to see a distinction between 'current public sentiment' as opposed to 'well informed financially literate sentiment'. I mean you're average punter isn't a lunatic but they largely see what's in front of them. You need a few months of declining ESRI indicies reported on primetime media allied to more ECB increases to get to a tipping point which will bring on meltdown.
Re : Shandon Mills.
From what I can see they are different properties being offered by different agents. It is not a reduction in price of one property.
The more expensive one is being offered fully furnished.
Shandon Mills - Reduced from 445 to [broken link removed]
Re : Shandon Mills.
From what I can see they are different properties being offered by different agents. It is not a reduction in price of one property.
The more expensive one is being offered fully furnished.
But what about the people who are happy to ride out any slump or crash.
2300 per month for 11 months = 25,300
yield = 25.3k/520k = about 5%
Is this the way its calculated?
The average rent on a 2 bedroom apartment in Monkstown is €1587.50 based on 6 apartments on daft today.
So purchase price of €520,000 and rent of €1587.50 = gross yield of 3.0%. Miserable return!
The average rent on a 2 bedroom apartment in Monkstown is €1587.50 based on 6 apartments on daft today.
So purchase price of €520,000 and rent of €1587.50 = gross yield of 3.0%. Miserable return!
True, it really does depend on the assumptions you make. The variations are enormous!
Using an average of six properties is more accurate than picking the highest one and adding a + as you appear to have done
Ah now - I disagree there. It's marketing. Different folks expect different standards and have different price sensitivities. You can go for the top end of the market, or the budget end. There generally isn't such wild swings within different market segments as between them!
You're right. €223k would be a decent price.
The average rent on a 2 bedroom apartment in Monkstown is €1587.50 based on 6 apartments on daft today.
So purchase price of €520,000 and rent of €1587.50 = gross yield of 3.0%. Miserable return!
You seemed to think this was a bizarre point of view. I still don't understand why?
Well considering it's one of the cheapest 2 bed apartments available in Monkstown - would you expect to get top end rent through marketing? Are you going to produce a glossy brochure and DVD virtual tour to increase your rental yield?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?