Address:Apartment 2C, Belarmine Way, Stepaside, Dublin 18.

Agent:Lisney.

Property:two-bedroom first floor apartment with an asking price of €395,000.

Landscape:a couple of minutes from Stepaside village, Belarmine was built in 2003 by Castlethorn Construction. The attractive scheme has matured well and has a good mix of residents - young professionals, families and some investors.

Features:the 76sq m (817sq ft) apartment is beautifully presented and well laid out. A large living/dining/kitchen runs the length of the apartment and has windows on both sides. The kitchen area has granite worktops, cherry-style Shaker units and integrated appliances. The living area has timber flooring and a feature bay window. The main bedroom is large and en suite. Service charges at Belarmine are €1,400 a year.

How much for an investor?Stamp duty on €395,000 will be €18,900 for investors, making the total cost for investors €413,900. An investor could raise a mortgage of €355,500, or 90 per cent of the purchase price. On a full payment basis this would work out as €2,076 per month over 25 years and €1,478 per month interest-only. These figures are based on a one-year fixed rate of 4.99 per cent with Permanent TSB.

How much for a residential buyer?A first-time buyer could go for a 100 per cent mortgage at a rate of 4.75 per cent on a one-year fixed rate with Bank of Scotland over 40 years. This would mean repayments of €1,840 per month. Most lenders have now ceased the 100 per cent product for all but a few occupations. Alternatively, a 92 per cent mortgage of €363,400 with Bank of Scotland at a 4.75 per cent one-year fixed rate would cost €1,693 per month over 40 years.

Potential:the rent per month for this property would be €1,400, according to the selling agent.

Verdict:the upmarket Belarmine scheme sold well off plans when it was launched in 2003. The Luas extension to nearby Ballyogan Road will also boost the area. A rent of €1,400 a month would represent a yield of 4.06 per cent.

Calculations by Simply Mortgages