Affordable Privacy: Unique Investment Property for Sale in Wexford

In an area now seeing…

• 30%-53% appreciation in just 6 months
• Gross rental yields up to 7.3%
• High rental demand: just 5 minutes from M11 motorway; less than 1 Hour From Dublin in a rapidly-growing communter area

This 3-bedroom end-of-terrace house is ideally located at the end of a quiet cul-de-sac (with no passing vehicle or pedestrian traffic) in this ever popular location. This property is nicely sited in a peaceful setting, where there is plenty of space and distance from neighbouring properties. Facing due west, it gets lots of afternoon and evening sun year-round and, as a true end house, has over 10 feet of side space, which is completely private and provides lots of extra garden space. (This may also provide further scope for an extension, subject to the necessary local planning laws.) A large wall to the front also helps in providing the sort of privacy and peace-of-mind that's so hard to find these days.

That extra side space, which is not over-looked, has also allowed for an extra window over the kitchen area, which makes the open plan kitchen/dining room/living area (with attractive fireplace) very bright and spacious. The kitchen has been fitted with extra units and a large breakfast bar, and comes with dishwasher, washing machine, under-counter fridge, and electric oven/hob already installed.

This fine property provides flexible accommodation with two bedrooms up-stairs, and a third bedroom/study downstairs, and presents the ideal opportunity for a first-time buyer, or would make an ideal holiday home or investment opportunity. Due to the array of rooms, etc. this property represents good value for money and has a flexible layout that would suit any number of living accommodations or family unit.

Riverchapel has all the amenities that one would expect from a local village, including a primary school, yet is only a few miles from the ever-growing and convenient town of Gorey, with its plethora of shops, restaurants, schools, and leisure facilities, as well as the M11 motorway, putting it less than an hour south of Dublin, which is ideal for commuters.

Rapid Appreciation… No Signs of Slowing Down!

Other similar houses for sale in the local area have risen by over 30% since September last year (based on figures in the Property Price Register), and continue to grow, with some asking prices now reaching 53% higher… and they aren't even slowing down. The Riverchapel area has become a suburb of Gorey and accomodation is now in ultra-high demand. Rental yields for similar properties have gone as high as €750/month (7.3% gross rental yield) in the local area, which has a severe shortage of houses to rent anyway. (The HAP Scheme provides up to €600/month towards rents in Co. Wexford, depending on individual circumstances.)

Sole Agent: Joan Copeland/CD Auctioneers