I looked at Old Quarter some nicely furnished houses didnt see anything in the €125k region, best I saw was asking €175k and allegedly had an offer of €146k its still for sale though. I also looked at the "Nama" loan ones, asking €130k for a builders finish for two bed end of terrace, I did try and negotiate but hit a brick wall.I would be looking at living there not as an investment. With the amount of vacant property there I dont know about the viability of the rental market but I am no expert.
Wilton would have the potential advantage of being close to the CUH, CIT and at a stretch UCC.But I know that rents in Wilton have dropped in one estate in that general area to around € 800 per month.Personally I think Old Quarter is nicer but Wilton may have more "earning" potential