Tarmon Manor – a quality home or investment property

If you’re interested in a great home or a quality investment property, then get yourself along to the showhouse in Tarmon Manor, Castlerea, which is open on Sunday from 2 pm to 4 pm. The showhouse in question is a three-bedroom semi detached house, priced at €195,000. Auctioneer Seamus Carthy of Seamus Carthy and Associates Real Estate Alliance in Castlerea said this week, ‘The development has gone very well to date. We now have seven three-bedroom semi detached homes to sell. The homes are ideal for owner occupier or first time buyers. They offer substantial section 23 tax reliefs to investors.’ Tarmon Manor is a mainly owner-occupier development and given the fact that the Section 23 is reducing on a sliding scale and will be terminated next year, there is very little opportunity out there to avail of quality tax relief. This particular scheme offers investors an opportunity to purchase quality Section 23 properties. ‘What we have here on most of these houses is 80 percent tax relief for the investor market and the tax relief scheme is coming to an end. It is difficult to get good quality Section 23 that isn’t overpriced because of the reliefs available,’ said Mr. Carthy. ‘I feel Tarmon Manor offers all the key investment requirements that anybody would look for in relation to a Section 23 property,’ said Mr. Carthy. Only seven houses remain, from 75 homes, all priced at €195,000. The showhouse is open from 2 pm to 4 pm and everybody is invited to go along. Speaking of the Section 23 tax relief, Mr. Carthy observed that from next year the relief will be reduced to 50 percent and he said of the tax break ‘people won’t miss it until it’s gone’. ‘I would say that it’s one of the best laid out three-bedroom houses that we have on our books. There are three large double bedrooms upstairs, all with built-in wardrobes. In terms of size and space and natural light, it really is second to none and viewing is necessary to appreciate this. The development was constructed by Casleregan Developments, owned by the Regan family from Roscommon, now based in Castlebar. ‘They would have gained a very high reputation locally as builders who finish developments to a very high standard. That can be seen from the green areas, the lighting is completely done, even though the development isn’t completely finished. ‘This is a serious investment opportunity while the reliefs are still available,’ said Seamus Carthy. ‘Given the rental market in Castlerea the developer would be prepared to release a certain amount to investors.’ To see for yourself the real investment opportunity on offer, go along to the showhouse opening on Sunday between 2 pm and 4 pm. Contact Seamus Carthy or Trevor Finneran of Carthy and Associates Real Estates Alliance in Castlerea on (094) 96 25990.