Wellesley well worth it?

TWO large period city houses with proud pedigrees are for sale for the price of what suburban three-bed semi-detached houses made a few years ago.

Numbers 3 and 4 Wellesley Terrace off Cork city’s Wellington Road are Georgian terraced homes of stature, but currently in unglamorous bedsits. They’ve 10 rental units or 17 bedrooms with 10 bathrooms between their 6,500 sq ft of space.

Currently rented, there’s an offer in via Clare O’Sullivan of Savills at €350,000, and they are seeking €380,000 for the duo together. There’s a €150,000 offer on No 3, which is laid out in four two-bed flats, and No 4 is in six bedsits. Both have had recent fire-regulation requirement work done and each has a rear fire escape. Rents fully occupied were in the region of €45,000 a year.