O'Donnellan & Joyce auctioneers presents to the market this superb semidetached property which is located in one of Galway's most sought-after areas.
No 115 Hazel Park is situated in Newcastle, Galway and is just a stone's throw from the gates of both University of Galway and University Hospital Galway.
This spacious home is not overlooked and enjoys views over a communal green area to the front and a spacious west facing rear garden. The home has off street parking and a lawn to the front as well as gated side access to the rear which offers a maintenance free patio and block built shed.
Internally, this home has been meticulously maintained by its current owners who have spared no expense in upgrading and modernising the property over the years. The ground floor has an entrance hallway which has been tastefully tiled and leads to the bright and airy lounge which overlooks the front lawn.
The open plan kitchen and diner is spacious and bright and has also been upgraded recently to offer a modern and tasteful finish. There are two bedrooms and a bathroom also on the ground floor — each of which have been upgraded to offer a modern finish.
The first floor has a landing area and two very large double bedrooms. There is a large storage wardrobe in the hallway as well as a nicely decorated main bathroom. The heating system in the property was completely replaced with new pipework and a new oil-fired boiler approximately five years ago. Additionally, the cavities have been pump filled but no SEAI grants have been utilised, which means that any future upgrades would be eligible for grant support.
The property has been rented during the academic year at €2,700 per month or €32,400 per annum (over 12 months ) however it is now vacant and is being sold in excellent condition with the benefit of vacant possession. This property, given its tasteful décor has also yielded an excellent return on Airbnb during the summer months with returns upwards of €6,000 per month. Cumulatively, this equates to a 11 per cent yield.
This property is a prime example of a gilt edged investment with a proven track record thanks to its prime location. The estate has been taken in charge by the Galway City Council which looks after grass cutting and general maintenance in the estate, hence there are no management fees.
Viewing of this stunning property is highly recommended and guarantees not to disappoint. Go along to the open viewing on Saturday July 29 from 12 noon to 12.30pm.
The BER is D2. Asking price is €395,000.
Contact Aaron O Reilly of O’Donnellan & Joyce auctioneers on 091 564 212 or view online at www.odj.ie
