In Pictures: Red-brick on Luas line has a glamorous bathroom that takes up the whole attic floor
A red-brick on the new tram line has plenty of pizazz
It's rare that major amenity developments big enough to raise property values and generate new life appear in any one location through an entire lifetime, never mind two, but Phibsborough in Dublin 7 is currently getting a brace of such big generation projects.
First comes the Luas and the "Luas effect" with renewed interest from investors, especially in this very central locale, following ongoing plans to bring the tram service to the area. The new link has been increasing prices in the neighbourhood - they are expected to go up by 8pc in the year ahead.
With so many old pre-63s in the area, estate agents expect still more regeneration to follow the tram. The service will cut travel times to the city centre and according to previous evidence (Dundrum prices ratcheted up 20pc relative to other homes) there should be another value increase once the service is up and running.
The other big scheme is the ongoing plan to turn the old Grangegorman Hospital into Ireland's largest DIT college. Investors routinely seek properties close to college campuses and this area already has a rake of them - St Pat's, Mater Dei, Dorset College and the relative proximity of DCU. Phibsborough, of course, already has one of the country's biggest hospitals - the Mater and Mater Private complex.
Add the completed DIT Grangegorman and you have a recipe for success as a buyer, whether as an investor or owner occupier who hopes to cash in on relative value increases and benefit from a trade up to another location down the road.
A team of six property experts were recently asked where they would acquire investment property in Ireland to gain the best capital value and rent returns in 2017 (as part of our own How Much Is Your House Worth? Survey now available online) and almost all named Dublin 7 as the area likely to perform best nationwide.
The house at 2 Orchard Terrace in Grangegorman has also been lucky to have two style minded individuals as its owners through the last 20 years.
Prior to 2005 it had been owned by the architect Lionel French, who is believed to have reconfigured the circa 1905-built red-brick terrace to maximise the space by opening up the attic to add a spectacularly large bathroom on the then new second floor and to provide a kitchen extension along with an in-depth refurb, which was in sympathy with the original period features.
Believed to have been a "Guinness" house provided for workers at the world-famous brewery, Number 2 still has all four of its original decorative cast iron fireplaces and all but one of its original sash weighted windows (lost to the extension at the back of the house).
The property was acquired and has been owned for the last 12 years by a financial services professional whose hobby is decorating, painting, furniture customising and interiors. She has since invested money in fine wallpapers, in keeping with the period, from the high end Zoffany range, as well as equipping the house with an eclectic and colourful selection of carefully picked classic furniture and art pieces.
Now that the current owner is trading up to a bigger home in Rathfarnham, many of these pieces can be acquired by a new owner as the property has just been placed on the market seeking €490,000.
It comes with gas-fired central heating and a low maintenance rear garden, which also permits lane access and secure off-street parking. That said there is also disc parking in front of the property for a small annual fee to the local authority.
Accommodation includes an entrance hall with a wider than usual timber and part glazed front door. Inside, there's a solid wood floor, the stairs are carpeted and the walls adorned with Zoffany imprint wallpaper. The hall includes a guest WC off it.
The living room has a ceiling coving, solid timber floor and feature open fireplace and is open plan to the dining room, also with a solid timber floor, ceiling coving and open fire with cast iron fireplace.
There's a retro look fitted kitchen in the extension.
Upstairs is the master bedroom which spans the width of the property and two other bedrooms, one of which has been used by the current owner as a study.
The property's tour de force is the glamorous bathroom which takes up the whole attic floor. You can sit in the antique claw foot standalone tub at night and look at the stars. The shower unit is backed by a varnished olde worlde door as its back wall.
The house is two kilometres north of the city centre and within easy reach of the Phoenix Park.
2 Orchard Terrace,
Upper Grangegorman Road,
Phibsborough, Dublin 7
Asking price: €490,000
Agent: Sherry FitzGerald (01) 837 3737