Spacious home that pays its way

Generating an income from your home is an attraction to some owners, and the garden level of 10 Castlewood Avenue, a mid-terrace, two storey over garden Victorian house is currently let to the tune of €1,600 per month, in a three-bedroom unit.

New owners have the option to renovate the property to include the garden level as part of their 203sq m (2,185 sq ft) home, or keep it as is and generate an income.

Upstairs are two fine reception rooms with high ceilings, original coving and marble fireplaces. The old pine flooring will need some care to bring it to the standard of a house with a €1.1 million price tag – through agent DNG.

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A small kitchen lies on the return and has access to the garden, which is laid out with bamboo, clipped box and a graceful apple blossom.

Upstairs are four bedrooms – one of which is en suite, and the family bathroom. Some cosmetic work is needed to bring the property up to standard – such as removing wallpaper and giving the family bathroom a makeover.

The property features off-street parking, which will be an attraction as the road has no residents’ parking.

The property was for sale in 2014 with an asking price of €1.2 million through Property Partners O'Brien Swaine. Down the road, number 29 was asking €1.35 million in 2015, and this has also been reduced to €1.1 million.

Number 23, a totally refurbished house, and the former home of James Joyce, has been let – the asking monthly rent was €6,000.

New owners may decide that the current upstairs downstairs arrangement is ideal – and draw an income from their home, allowing the three research graduates in the garden apartment to exhale a sigh of relief, knowing their lodgings are secure.