Affordable apartments pitched at investors and first-time buyers

Midleton Drury’s Mews properties are yours for €85,000 each, Tommy Barker reports.

With €100 million being invested in the East Cork town of Midleton’s distillery for a new Jameson production facility, there should be a kick to the local economy. And, perhaps also, to the local property and rental market.

Pitching a small number of affordable apartments at investors and first-time buyers, estate agent Michael Creedon, who’s part of the DNG franchise, reckons buyers will get their money back on these €85,000 Drury’s Mews purchases in jig time — about 10 years, based on €700 per month rentals.