Investment yield 15% - 7 Oakland Heights, Drumkeen, Co. Donegal

For sale by Martin McGowan Properties via the iamsold Bidding Platform Please note this property will be offered by online auction (unless sold prior). For auction date and time please visit iamsold.ie. Vendors may decide to accept pre-auction bids so please register your interest with us to avoid disappointment. This property has been tested for mica and has been found to contain higher levels that what would be ideal, up to 5% is mortgageable but the subject house has been found to have 10% mica which leaves this property only suitable to a cash buyer. We have reflected this in our guide price and this home should still represent terrific value, the property is well appointed internally and offer very generous accommodation over 3 floors, externally there is little evidence of deterioration to the front or rear and just some modest signs being evident to the gable. This house could still make for a great investment and command a strong rent giving its central location between Letterkenny and Ballybofey. The property would be an excellent investment with a potential rent of €1200 pm / €14,400 pa which would give a yield of circa. 15%. With high demand for rentals in the area and broadband at this property, this will make an ideal investment opportunity. Features Excellent Views to front. All skirting and architrave painted. 6 Panel solid doors. Off street parking, secured rear and side yard. Wooded area to rear ensuring privacy. BER C1 / BER No. 105496491 Floor Area: 159.59 m2 https://www.youtube.com/watch?v=PIAsiGIjH54&t=1s TO VIEW OR MAKE A BID Contact Martin McGowan Properties or iamsold, www.iamsold.ie Auctioneers Comments: This property is offered for sale by unconditional auction. The successful bidder is required to pay a 10% deposit and contracts are signed immediately on acceptance of a bid. Please note this property is subject to an undisclosed reserve price. Terms and conditions apply to this sale.