Have just closed on an investment property in Gorey @ 195,000 and am very optimistic. Gorey is booming - Dunnes have just announced that they're planning to move in, Lidl just openend there recently and two planning applications for new hotels have just been made. If the 'big boys' have done their market research and are happy to move in, then so am I.
The N11 dual carriageway from Dublin is now south of Wicklow, where property prices have really taken off, and will soon join the Arklow bypass and then on to Gorey.
200,000 Euro might not seem like a lot of money to pay for a property in Dublin, but not everyone 'down the country' has that kind of money or security to satisfy the banks.
There are numerous letting agents in Gorey and if they can make a good living out of it, then there's rental business to be had.
By all means, do your research, I spoke to loads of agents,local people the local council planning office etc. before deciding on investing.
The going rental for a 3 bed property in Gorey is 750 per month - you could also buy a property for 200,000 in Tallaght and rent it out for 1,000 per month - depends on where you're located, if you plan to manage the property yourself and what kind of yeild you need.