Investment yield 15% - 7 Oakland Heights, Drumkeen

4 Bedroom Semi-DetachedContract Deposit Applies
Starting Price* 99,950

We're still getting things ready for this auction - check back soon!

To place a bid whilst in Pre-Auction Marketing,
please call our team on 01 244 0000.
See our opening hours here
What is Pre-Auction Marketing?

It is highly recommended that you keep manually refreshing the browser to ensure that you are up to date with the bidding activity.

  • Overview
  • Particulars
  • Request Details
  • Agent Details
  • Deposit & Charges Explained

Property Overview

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

Starting Bid and Reserve Price

*Please note all properties are subject to a starting bid price and an undisclosed reserve. Both the starting bid and reserve price may be subject to change. Terms and conditions apply to the sale, which is powered by iamsold.

Auctioneer's 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.

Building Energy Rating (BERs)

Building Energy Rating (BERs) give information on how to make your home more energy efficient and reduce your energy costs. All properties bought, sold or rented require a BER. BERs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that a property could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All properties are measured using the same calculations, so you can compare the energy efficiency of different properties.

Ground Floor

Front Hallway
4.48 x 1.63m
Tiled floor, walls painted, smoke alarm, uPVC external door, burglar alarm.

W.C.
1.67 x 1.47m
Two-piece white suite including low level flush w.c., and pedestal sink, window with venetian blinds, extractor fan, shaver light, laminated flooring, feature wall behind w.h.b. is tiled.

Sitting Room
5.46 x 3.77m
Spacious room, laminated flooring, open fire with wooden surround, cast iron insert, granite base, bay window with meatal curtain pole and tie backs, centre light with shade.

Kitchen / Dining Area
6.0 x 3.56m
Tiled between units, high and low level units, tiled floor, s/s electric oven, 4 ring ceramic hob electric, extractor fan, integrated fridge freezer, sliding doors to rear, 2 no. of 3 tier light fittings, single drainer sink.

Utility
3.57 x 1.57m
Floor tiles continued from kitchen, single drainer sink, counter top, low level unit, plumbed and wired for washing machine and dryer, pedestrian door to rear, Shelia Maid clothes dryer to ceiling.

First Floor

Landing
2.9 x 2.03m
Floor carpeting, walls painted, smoke alarm, ceiling light.

Bedroom One rear aspect
3.6 x 2.77m
Floors carpeted, walls painted, 1 no. of window.

Family Bathroom
2.02 x 1.82m
Three-piece white suite including low level flush w.c., and pedestal sink, bath with Redring electric shower over, tiled over bath area, velux window, shaver light, laminated flooring.

Bedroom Two rear aspect
3.48 x 2.68m
Floors carpeted, walls painted, 1 no. of window.

Master – Bedroom Three front aspect
3.9 x 3.78m
Laminated floor, 1 no. of window with metal curtain pole and tie backs, roller blind, walls painted, TV point.

En-suite
2.68 x 1.09m
Floor tiles, shaver light, Two-piece white suite including low level flush w.c., and pedestal sink, 1 no. of window, chrome towel radiator, shower enclosure with T90 si electric shower.

Walk-in-dress room
2.14 x 1.6m
Shelved, hanging rails, laminated flooring.

Bedroom 4 / Landing front aspect
3.24 x 2.1m
Laminated flooring, walls pained, 1 no. of window, stairs to second floor.

Second Floor

Landing inclusive of closet
0.94 x 0.29m

Study
4.44 x 3.98m
Laminated flooring, walls painted, large velux window, recessed lights to ceiling.

En-suite
2.06 x 1.43m
Tiled floor, two-piece white suite including low level flush w.c., and pedestal sink, extractor fan, shaver light.

Closet
2.06 x 1.62m
Shelved space.

Request full details for this property

Please complete the form below to receive full details about the property you are looking at.

All fields marked with an * are required. Personal information submitted via the request details form will not be shared, rented or otherwise abused.

Martin McGowan Properties

Local Branch: Drumboe Ave, Donegal, F93A 461
Head Office: Drumboe Avenue, Ballybofey, F93A 461

Deposit & Charges Explained

Investment yield 15% - 7 Oakland Heights, Drumkeen, F93X295

Online Auctions

A non-refundable contract deposit of 10% (minimum deposit of €6,500.00) is required to be paid by the successful bidder for this property.

A Bidder Security Deposit of €4,500.00 is required to be pre-authorised from the bidders debit or credit card through the payment facilities on the auction website when registering to bid. A bidder has also the option of transferring the minimum deposit amount by bank transfer to iamsold's client account to authorise them to bid on the Online Auction (please note, this option may take several days).

The pre-authorisation amount will only be captured from the successful bidder on acceptance of their bid. This will form part of the non-refundable part payment contract deposit.

Any balance of the full contract deposit must be paid by the successful bidder to iamsold within 48 hours of acceptance of their bid. The deposit balance can be paid by debit/credit card, or same day bank transfer to iamsold's client account.

All unsuccessful bidders will have their pre-authorisations released OR their bank transfer refunded within 5 working days of conclusion of an auction or withdrawal of the Lot from the Online Auction.

Bidders are required to pay a non-refundable €50.00 (including 23% VAT) registration fee per property they register to bid on.

 

Need More Information?

For further information or to speak to one of our team, please call 01 687 5040.

Disclaimer

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact, but must satisfy themselves by inspection, measurement or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. Properties may be sold via online auction or public auction and bids made prior to public auction may be accepted by the vendors. iamsold and our partner auctioneer will share relevant personal information and transactional updates with each other so that we can effectively market and sell properties including the arrangement of viewings and follow up.

Share this property:

Similar Properties

The simplest way to keep up-to-date. Register your details to receive our email communications.