DUBLIN 6:TWO DUBLIN 6 period homes divided into self-contained units offer investors a steady income and owner-occupiers a dramatic refurbishment opportunity.
Number 14 Palmerston Park in Rathmines is an imposing semi-detached three-storey house with a price tag of €3.6 million.
With 410sq m (4,422sq ft) of living space, this is one of the larger houses on the desirable Palmerston Park. It's divided into six self-contained units which are earning €76,000 a year for the current owner. This rental income could be increased if kitchens and bathrooms were updated, according to selling agent Mark Stafford from Sherry FitzGerald.
The conversion into units was pre-1963 and most of the period detail of the house has been left intact.
In the current environment, the house is likely to tempt an owner-occupier looking to return the house to a home. It has all the right ingredients of a trophy home, after updating, including a secluded 54ft by 54ft back garden, a large drive with room for three or four cars and a great location close to all the D6 hotspots: the Luas at Cowper Road, Ranelagh and Brookfield Tennis Club.
Number 52 Brighton Road is a second D6 home divided up into pre-1963 units. It is also for sale with Sherry FitzGerald at €1.6 million. Accommodation is laid out over 297sq m (3,200sq ft) and again much of the original period detail remains intact.
The rear garden is 49ft long and has a wide gate entrance leading to the front of the house.
Number 52 is earning €54,000 in rental income a year and, again, some money spent on updating the units could improve this income figure.
With a healthy refurb budget, an owner-occupier could transform this into a D6 des res.
