sell apt v house

[ski]

hi, would appreciate opinions on this - i own an apartment (own it 5 years end of aug) i bought a house last year with my partner, paid full 7.5% stamp duty but it has needed total refurb so i didn't move into it & have remained in the apartment (renting out other room under rent a r s) we now have the option of moving down the country and are faced with the following options
1. sell apartment - should make about 180k which will go along way toward house down country - keep house & rent it, possibly supplementing mortgage by about 150euro every month (assume no claw back issue here as paid 7.5% stamp??)
2. Sell house - make about 50k on it which is obviously less than would make on apartment , but rental income would cover apartment mortgage easily

my question is this - in the long run would you consider it better to have a house in dublin than an apartment (both in dublin 8 - house slightly better located?) exposure on house is greater but if things slow, would apartments suffer most?
many thanks
ski

 

[SteelBlue05]

house is much better assuming...

- house has a garden(s) and driveway
- any maintenance fees of appartment?
- more bedrooms in house?

 

[ski]

yes driveway & back garden, yes three bed & not two as apartment & maintenance fees on apartment - can i just confirm something i assume to be correct that as we paid the 7.5% stamp on house there is no clawback if we rent within 5 years?

 

[SteelBlue05]

yes driveway & back garden, yes three bed & not two as apartment & maintenance fees on apartment - can i just confirm something i assume to be correct that as we paid the 7.5% stamp on house there is no clawback if we rent within 5 years?

Really sounds like house is best option to keep as the location is the same.

No clawback as you have paid the stamp duty (but check there may be a different rate for an investor versus buying a primary residence and you may have to pay the difference). Also CGT will apply when you sell the place you are renting I believe.