Friday 20 September 2019

Dublin 3 (excluding Clontarf): Singletons not deterred by flood-risk areas

Average price: €300,000
Areas: Fairview, Marino, Ballybough, Clonliffe, East Wall, Dollymount, North Strand
Up: + 15%
One Year Forecast: + 8%
Assessing Agent: Gunne

Lots of first-time buyers, singletons, couples and down traders were active during the past year in Dublin 3, says Paul Menton of Gunne.

This postcode is among the Northside's nost popular due to city centre proximity and affordability compared to Clontarf, which can be out of many buyers' price range.

The Casino at Marino
The Casino at Marino

Good transport links are important here and the Luas line extension remains earmarked to service the area during the next few years - this can only add to its appeal; for now there's the DART at Killester and excellent bus routes.

Fairview and Marino are the 'go to' places.

Dublin 3 Without Clontarf
House Types201420152016
3-bed Semi, €360,000 €380,000 €410,000
1-Bed Apartment, €100,000 €135,000 €146,000
2-bed Apartment, €165,000 €225,000 €243,000
1-bed Cottage, €150,000 €160,000 €173,000
2-bed Cottage, €200,000 €220,000 €238,000
Ex-Corporation 2-bed, €150,000 €180,000 €194,000
Ex-Corporation 3-bed, €170,000 €250,000 €270,000
2-bed Townhouse, €220,000 €275,000 €297,000
3-bed Townhouse, €300,000 €360,000 €389,000
3-bed Duplex, €270,000 €320,000 €346,000
"Large Period, over basement", €300,000 €360,000 €389,000

A range of ex-corporation houses which were soundly constructed between 1918-1930 have proven popular through the last 12 months and lend themselves well to 'projects' and extension.

One such house "done up to the nines" saw an increase from an initial bid of €380,000 to €470,000 in a matter of a week, such is the demand. "These are owner- occupiers mainly," says Menton.

MARINO: Socially, it's a great place to live, nicely designed and within walking distance of so many amenities. It's the 'in place' and properties here average €400,000.
MARINO: Socially, it's a great place to live, nicely designed and within walking distance of so many amenities. It's the 'in place' and properties here average €400,000.

"There's not much in the way of investor money in Dublin 3".

There's also a strong loyalty to family links in places like East Wall where ­generations of families like to stay ­together, "or even buy the house next door to their ­parents".

Supply was ­consistent throughout 2014 according to Menton and demand was high.

This area wouldn't have a high ­percentage of cash buyers, with most on full mortgages so Menton sees a significant effect if new ­rules on ­deposits are introduced.

While most property types saw good growth of up to 15pc, low lying cottages saw less of a jump.

This is because the Dublin 3 area still has some potential flooding ­issues which from time to time can prove off-putting.

Still, its appeal is unlikely to diminish much during 2015 with Menton predicting growth of 8pc in prices.

Independent.ie Guide to House Prices in Ireland

We have surveyed estate agents in every corner of the country to bring you the most comprehensive guide to house prices in Ireland. Whatever type of home and area you are interested in, the details are just a click away using the links below. 

Irish Independent

Also in Business