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%.