Wednesday 18 September 2019

Dublin 16: Schools a big draw for growth

Average Price: €425,000
Areas: Ballinteer, Knocklyon, Whitechurch, Rockbrook, Kilmashogue, Dundrum
Up: + 9%
One Year Forecast: + 8%
Assessing Agent: Sherry FitzGerald

Schools play a huge part in the property market in Dublin 16 according to Sherry FitzGerald's Lesley Ann Devins. "St Colmcille's is one of the biggest schools in the country and there's a strong demand to live in the catchment area".

The curious positioning means that on one side of the road, which is technically Dublin 16, and therefore within it, you have the Woodstown estate which proves incredibly popular with families of small children, providing a bounce to house prices which might not otherwise be evident.

12 Woodstown Crescent, Knocklyon, D16, sold in December 2013 for €327,500 and again in October 2014 for €410,000.
12 Woodstown Crescent, Knocklyon, D16, sold in December 2013 for €327,500 and again in October 2014 for €410,000.

Across the road, it's Dublin 24, so outside the area for the school's enrolment and this, says Devins, affects the market.

Price here is also affected by which 'side' of the M50 a property is located, so for instance, to the east where you have part of Rathfarnham, Templeroan, Knocklyon there is better growth.

Dublin 16
House Types201420152016
3-bed Semi, €375,000 €410,000 €443,000
4-bed Semi, €420,000 €475,000 €513,000
5-bed Semi, €500,000 €545,000 €589,000
4-bed Detached, €475,000 €515,000 €556,000
5-bed Detached, €550,000 €570,000 €616,000
3-bed Bungalow, €400,000 €445,000 €481,000
1-Bed Apartment, €150,000 €180,000 €194,000
2-bed Apartment, €220,000 €255,000 €275,000
3-bed Terrace, €300,000 €350,000 €378,000
2-bed Cottage, €320,000 €375,000 €405,000
Ex-corporation 2-bed , €250,000 €260,000 €281,000
Ex-corporation 3-bed, €275,000 €285,000 €308,000
2-bed Townhouse, €275,000 €320,000 €346,000
3-bed Townhouse, €330,000 €360,000 €389,000
"Detached 1,500-2,000 sq ft", €500,000 €560,000 €605,000
"Detached 2,000+ sq ft", €550,000 €620,000 €670,000
Bungalow acre, €460,000 €520,000 €561,000

It is, not unreasonably, in the €300,000-€500,000 price range where there is most activity and areas heavy with three and four-bed family homes are likely to sell.

Five beds in this area tend to be converted over-garage four-beds.

RATHFARNHAM 'END' OF D16 AND WOODSTOWN: Better bang for buck which opens doors for families with school-going kids.
RATHFARNHAM 'END' OF D16 AND WOODSTOWN: Better bang for buck which opens doors for families with school-going kids.

Location is important in an area sandwiched between Dublin 14 and Dublin 24.

Whereas Boden Park, Ballyroan and Ballyboden can expect to achieve €400,000 -€410,000, in Woodstown it's more likely to be "late €300s", as it's still Knocklyon.

Sherry FitzGerald saw the most growth during the first seven months of 2014 but admits it has levelled off.

"There hasn't been much activity at all since September".

It isn't a prime area for buy to lets, so the Capital Gains Tax deadline hasn't had much effect here.

New developments like those at Stocking Lane produced larger sized apartments and houses which are fetching €450,000-€500,000.

For 2015 Sherry FitzGerald doesn't see much growth beyond 8pc.

"I would have said 10 -12pc a few months ago, but not any more. It's definitely more conservative now," says Devins.

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