Ireland
Ireland 3 Bed House
Spread the Balance Over 10 Years | No Mortgage Required | No Interest Payable
Purchase Price: €235,000
Payment Term: 120 months (10 years)
Monthly Payment: €1,958 per month
Tenant in Place: Yes
Current Rent: €1,000 per month
About the Property:
3 bedrooms
1 bathroom
Living room
Garden
Excellent condition throughout
Property features and upkeep
Painted interior and exterior every year
Plastic soffits and fascias
PVC front door and back door
Good location 5 minutes walk to Wexford town centre
Wexford is approximately 140–150km from Dublin and typically around 2 hours by car, making it ideal for commuters and weekend escapes.
This is a rare opportunity to secure a high quality home in a prime Wexford location using a simple instalment plan.
There is no mortgage required, no interest payable, and no bank approval process — just a fixed monthly payment spread over 10 years.
How the Rent-to-Buy / Instalment Plan Works
Instead of paying €235,000 upfront or applying for a mortgage, you spread the purchase price over 10 years.
€235,000 payable over 120 months = €1,958 per month
Because there is already a tenant in place paying €1,000 per month, your rental income reduces your out-of-pocket cost while you pay down the balance.
Rental Offset Calculation (Tenant in Place)
Monthly payment: €1,958
Minus rent received: €1,000
Difference paid by you: € 958 per month
Over the full 10-year term: €958 x 120 months = €114,960
So in simple terms, if the rent stayed at €1,000 per month for the entire term (which is unlikely long-term), you would have paid a net total of €114,960 over 10 years after rent contributions. In reality, rent typically increases over time, which can reduce your net monthly outlay even further.
Local Market Comparisons (Sales Prices)
Three-bedroom houses in Wexford town and surrounding residential areas are often listed in the mid-to-high €200,000s and into the €300,000+ range depending on size, finish, and exact location. Properties close to the town centre and coastal amenities can command higher prices due to strong demand from both owner-occupiers and investors.
This property is positioned well in the market due to its excellent condition, strong location, tenant already in place, and flexible payment terms with no mortgage required.
Rental Comparisons (Long-Term vs Short-Term)
Long-term rental demand in Wexford remains strong due to limited rental supply, local employment and services, commuters and families wanting town convenience, and seasonal demand increases.
A typical three-bedroom home in Wexford can often rent for more than €1,000 per month depending on condition and location, meaning there may be potential for increased income over time.
Short-term letting could also be an option (subject to local rules and licensing where applicable). In many coastal Irish towns, short-term holiday rentals can generate higher income during peak seasons, weekends, and summer months. This could potentially outperform long-term rent, especially given Wexford’s tourism appeal and coastal visitor demand.
Location Overview — The Faythe, Wexford
The Faythe is one of Wexford’s best known and most central residential areas, offering a great blend of lifestyle, convenience, and long-term demand. You’re close to Wexford town centre amenities, shops, cafes, restaurants, pubs and supermarkets, schools and local services, and an established neighbourhood feel.
Things To Do Nearby (Lifestyle & Attractions)
Wexford is one of Ireland’s most popular southeast destinations, known for coastal walks, nearby beaches such as Curracloe and Rosslare Strand, Irish heritage sites and historical attractions, great food spots, pubs, and local festivals. It’s an ideal location for families, retirees, remote workers, investors, and anyone wanting a coastal Irish lifestyle with strong rental fundamentals.
Transport Links & Connectivity
Wexford has excellent access across the southeast of Ireland, with strong road links connecting to major towns and cities. It also benefits from proximity to Rosslare Europort for ferry links to the UK and Europe, and public transport connections including bus and rail services.
Summary: Why This Deal Stands Out
€235,000 spread over 10 years
€1,958 per month fixed payments
No mortgage required
No interest payable
Tenant in place paying €1,000 per month
Net effective cost example: €958 per month difference
Total net cost example (if rent stayed the same): €114,960 over 10 years
Excellent condition and well maintained
Prime Wexford town location with strong demand