It all adds up at Wycherley four-bed as UCC beckons

A THREE to four-bed house near Cork’s UCC at Wycherley Place promises to make financial sense for those who might even have just scraped a low D in pass maths, reckons estate agent Peter Skuse of Cahalane Skuse.

He seeks €235,000 for the cul de sac-set house, near the college, close to Lennox’s chip shop, off licences and various churches and cathedrals. “What more does a student require? Add in that, depending on the ‘prodigal’ young adults taking three to four years in the city to get a degree, and the initial investment on something like this will fast turn into a pension plan,” he says.

Mr Skuse aims this buy at investors or parents of college-bound children who can rent out surplus rooms to other students. Rents in this area are around €110 per room per week and at 40 weeks in the year offers a return of c€17,600 per annum, or a yield of 7.5%.

No 4 Wycherly Place is already in good nick. It has a ground floor living room, kitchen/dining room, main bathroom, and fourth bedroom with en-suite, and three first floor bedrooms, with rear storage yard. There’s electric storage heating, for convenience, and a couple of the bedrooms have old fireplaces as a visual feature.

Also for sale in the UCC heartland is the three/four-bed detached house called Marina.

Quite a bit up the quality scale, it is on Hartlands Avenue, and Mr Skuse guides it at €410,000, noting that it is on a good site, with full planning in place to extend it to a five-bed, two en suite home.