Buy now, move in later — tenants included

A HOUSE up for sale in Midleton’s very successful Castleredmond development has an unusual bonus — the option of taking on the rent roll from the existing tenant if it is going to be bought by an investor or a buyer not yet ready to make a house move.

Now, tenants don’t come with properties for life, but at a time of tightening in the rental market, one in the hand is worth two down the line.

No 6 Orchard Avenue in Castleredmond is a three-bed semi-detached home, built about four years ago on the east Cork town’s outskirts, just off the Whitegate roundabout at the far side of Midleton heading towards Trabolgan, the harbour’s amenities and scenic Ballinacurra.

On the market with Terry Hayes of Remax, it has a price guide of €275,000, and has about 960 sq ft of easily kept living space. Its current rental income is about €750 per month.

Flooring is a mix of timber and tiles, the main 14’ by 11’ living room has a cast iron fireplace and the kitchen/dining room behind has garden access. Features include an en suite with the main bedroom, a guest WC downstairs and a brick-paved drive with off-street parking, and fenced in rear garden. Heating is by oil.