Rents need to fall because until then we will continue to have overcrowded situations. This 2-bed apt has a min of 6 tenants, we know of, sharing 1 bathroom. Rent is at least €2,100pm. HAP limits would restrict this to approx €1,275 #DubRentWatch #PFG https://t.co/Chf0y4CMCe pic.twitter.com/V3LFTdezWE
— Dublin Rental Watch (@DubRentWatch) June 24, 2020
Equals tenement.
Good times.
5 Henrietta Hall, Bolton Street, Dublin 1 (Daft)
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Thanks blushirts
That apartment is sooo fetch
You know what might help
Stop quoting the Rental Yields to be got outside the HAP/ SW Rent Allowance system
You are providing ROI Analysis for the commercial / investor market, and therefore “potentially” driving up the Market Value
In my own opinion, my own now,
You are
Using this as a base case
https://www.daft.ie/dublin/apartments-for-sale/dublin-1/apartment-15-henrietta-hall-dublin-1-dublin-2278679/
(2,100*12/250000) GROSS
NOTE not applying purchase costs, fit out, rental costs, costs of finance, This is just a simple calc for demo only, the operational nature of the buying entity is too varied anyway
So this shop floor type modelling quickly suggests that the Investor can expect a gross yield of 10%
Investor buyer now has a range of finance options,lenders begging them to take their money
it also allows the Investor to pay more / out bid the first time buyer / owner occupier
I know Dublin Rental Watch is invaluable as a form of lobby group
Jjust maybe a rethink on the comparison data
That’s all
V
Do you think property investors can’t do the sums themselves?
Can’t wait to see what the collapse of the air bnb market along with a drive to work remotely will do to these scummy landlords. Hopefully cases like this will be massively reduced.
better than Brazil they say….then sigh