Wednesday 18 September 2019

Dublin 3 (Clontarf only): Clontarf's thriving micro-market is set to see further growth

Average price: €650,000
Area: Clontarf
Up:
+ 13%
One Year Forecast: + 8%
Assessing Agent: Gunne

The Clontarf market was strong this year with price rises in most categories.

Most of the growth came in the first and second quarters with traditional tapering off towards year end.

8 Mount Prospect Lawns, Clontarf, sold in April 2014 for €695,000 and again in October 2014 for €755,000, an increase of more than 8%.
8 Mount Prospect Lawns, Clontarf, sold in April 2014 for €695,000 and again in October 2014 for €755,000, an increase of more than 8%.

Paul Menton of Gunne says inflation didn't match 2013 levels which was to be expected in this, the "Ballsbridge of the Northside".

He cites supply of stock which isn't meeting the demand of prospective buyers seeking a "nice airy district with coastline, not over-cluttered and with great proximity to the city centre."

Dublin 3 Clontarf
House Types201420152016
3-bed Semi, €600,000 €650,000 €700,000
4-bed Semi, €750,000 €800,000 €865,000
4-bed Detached, €1,000 €1,200 €1,296
5-bed Detached, €1,200 €1,400 €1,512
3-bed Bungalow, €1,000 €1,100 €1,188
4-bed Bungalow, €1,250 €1,400 €1,512
1-Bed Apartment, €175,000 €210,000 €227,000
2-bed Apartment, €230,000 €320,000 €346,000
2 Up/2 Down, €265,000 €300,000 €324,000
3-bed Terrace, €450,000 €520,000 €562,000
1-bed Cottage, €230,000 €230,000 €248,000
2-bed Cottage, €300,000 €320,000 €346,000
Ex-Corporation 2-bed, €270,000 €300,000 €324,000
3-bed Townhouse, €420,000 €450,000 €486,000
3-bed Mews, €400,000 €450,000 €486,000
3-bed Duplex, €385,000 €420,000 €454,000
"Detached 1,500 � 2,000 sq ft", €2,250 €2,250 €2,430
Large Period over Basement, €2,600 €2,600 €2,808

Schools and sporting activities are of particular interest to buyers here and there is a constant demand for properties which fall into the Clontarf parish directly so children can be in the catchment area of Belgrove National School.

Also important is the presence of two DART stations at Clontarf and Killester along with "some of the best serviced Northside bus routes".

ST LAWRENCE'S ROAD: Good Edwardian and Victorian 4-bed redbricks. Period family homes with original features are especially in demand.
ST LAWRENCE'S ROAD: Good Edwardian and Victorian 4-bed redbricks. Period family homes with original features are especially in demand.

Those priced out of the Clontarf market and the neighbouring "greater Dublin 3" area, generally migrate towards Raheny and Killester.

The last twelve months have at last seen an element of trading down; empty nesters finally encouraged to sell up by a combination of increasing prices making it attractive and higher property tax bills making residence in a large rambling home financially painful.

"We had a large number of probate sales along with those moving in with a son or daughter and leaving larger family homes".

There was an uplift in apartment values due in part to the Capital Gains Tax exemption coming to an end.

"We saw a number of cases where investors were buying for themselves for later retirement but letting now in the short term".

Prices here saw an increase from €250,000 towards €320,000 since 2013 reflecting strong demand.

For 2015 Menton says similar growth in double digits 'isn't realistic'.

He reckons around 8pc this year with most demand for three and four bed houses with south facing gardens.

Independent.ie Guide to House Prices in Ireland

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