Sparkling new and in an idyllic village setting, the property in County Roscommon that Annette Earley from Staffordshire recently bought is already tenanted and generating 7.5 per cent rental yield!
Article written by The Overseas Guides Company
Annette, who lives near Stoke on Trent, first saw the three-bedroom semi-detached house in Cootehall, near Carrick-on-Shannon, while visiting relatives last August. The €69,000 price-tag was too good to miss and by January this year she had completed on the property, using a combination of loans and inheritance to purchase it.
“I did look at other property, but mine has off-road parking for two cars and a backyard, as well as two bathrooms, so it seemed better value than the others,” said Annette, whose husband was Irish.
“The agent who sold it to me arranged for tenants to go in immediately and they pay €425 a month. If I can afford to in a couple of years’ time, I’d like to buy another similar property”.
Owning a property in Ireland is not only a long-term investment for Annette, but it will give her flexibility in her retirement. “I might move to Ireland when I retire in eight years’ time, but I’ll see how things are then – I’ll have the choice,” she said.
Cootehall is a village on the banks of the River Shannon, close to County Roscommon’s border with County Leitrim. It has a small marina and pretty waterside restaurants and bars.
For details of property for sale in Ireland, visit the Ireland listing on Rightmove Overseas. One way to save money when buying property in Ireland or moving there is to use a currency specialist when transferring your pounds into euros. For more information on this, visit the Currency Zone or contact Smart Currency Exchange.
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