The address: 54 Moyne Road, Ranelagh, Dublin 6.

The property: four-bedroom redbrick with 185sq m (1,991sq ft) of space for €1.1 million. Currently divided into eight self-contained units, it has a 72ft west-facing rear garden with pedestrian access and plenty of potential to extend (subject to planning permission). Car-parking is on-street. The house is in good condition but, if it was to be converted back to family use, the agent suggests a conversion could cost €200,000-€250,000. (A similar converted house in the area recently sold for around €1.9m.)

The agent: Sherry FitzGerald.

The landscape: a good residential street in one of Dublin’s top neighbourhoods. Ranelagh village is within walking distance, as is the Luas at Beechwood Avenue, just at the end of the road. A range of schools and the city centre are within striking distance.

How much for an owner-occupier? The maximum mortgage Bank of Ireland would offer on this house is 92 per cent of the price, or €1,012,000. Monthly repayments over 25 years, based on a one-year fixed rate of 2.35 per cent (APR 2.6 per cent), work out at €4,461.61 and at €4,613.81 on a two-year fixed rate of 2.65 per cent (APR 2.6 per cent).

How much for an investor? Stamp duty of €70,250 brings the acquisition cost to €1,170,250. The maximum investor loan Bank of Ireland would give is €935,000 or 85 per cent of the price. On a five-year fixed rate of 5.1 per cent (APR 4.8 per cent) over 25 years, monthly repayments work at €5,508.69 and at €5,320.5 on a two-year fixed rate of 4.75 per cent (APR 4.5 per cent). Alternatively, on a 75 per cent mortgage over 25 years on a variable rate of 4.25 per cent (APR 4.3 per cent), the monthly repayments are €4,462.39.

Potential? Fully rented, the house produces around €4,100 a month in rent.

Verdict: suits conversion to a family home.

Calculations by Bank of Ireland

– Justin Comiskey