The address:9 The Grove, Inse Bay, Laytown, Co Meath.
The agent:O'Brien Collins Real Estate Alliance, Drogheda.
The property:a 1,02sq m (1,100sq ft) three-bedroom semi-detached house for €310,000.
The landscape:built about 10 years ago, The Grove is the biggest housing estate in Laytown with around 600 houses. It is a 10-minute walk from Laytown train station and a 10-minute drive from the M1 at Gormanstown. Laytown beach is just across the road from the development.
The features:the house has a fairly standard layout and comes to the market in good condition. To the front of the house there is a livingroom with polished timber floors and a cast-iron fireplace. To the rear is an L-shaped kitchen/diningroom. Upstairs there are three bedrooms, one of which is en suite. Outside there is an attractive rear garden which is mostly laid out in patio and decking.
How much for an investor to buy?At Bank of Ireland's investment mortgage rate of 4.89 per cent (APR 5.3 per cent), the monthly repayment will start out at €1,604 over 25 years, based on the maximum loan of 90 per cent of the asking price, or €279,000.
How much for an owner-occupier?An owner-occupier opting for a 92 per cent loan would pay €1,607 a month over 25 years, based on Bank of Ireland's two-year fixed rate.
Potential:number 9 should fetch a monthly rent of around €1,000-€1,100, says the agent.
Verdict:this property has been reduced from €325,000 to €310,000 making it cheaper than a number of other similar properties for sale in the estate.
Calculations by Bank of Ireland
