Friday 20 July 2018

Dublin 15: Easy-access D15 widely seen as 'a good place for families'

1 Hollystown Demesne, Hollystown, sold last January for €465,000
1 Hollystown Demesne, Hollystown, sold last January for €465,000

The proximity of Dublin 15 to the M50 and employment belt of Dublin has seen an increasing number of purchasers looking for homes in the postcode. Intel and Facebook in Clonee and others in the Blanchardstown Corporate Park are big employers and have made these areas an employment hub - bringing with them demand for coffee shops and retail outlets, which also benefit people living in the surrounding areas.

"If I had a euro for every person who mentioned this as a factor," says local agent Andrew Rafter, "I would be a rich man. A huge name such as Facebook brings a lot of confidence to the area and means there will be a supply of new schools to service young families moving to the area. Dublin 15 has gained in spades from these developments. Many people with no original base in the area are gravitating towards Dublin 15 because it is seen as a good place for families."

There is also talk about the possibility of a further extension of the Luas to Blanchardstown, which would improve transport links to the city centre, although such a move may also draw demand from older parts of the postcode. As it stands, the Arrow train which runs to Connolly station beside the IFSC is favoured by local residents, who are able to drop children to school before hopping on the train into the city.

New developments of family houses in D15 including Hamilton Park, Diswellstown Manor and Bracken Park sold well in 2017, and there are more new houses coming in Ongar which Rafter says take the focus away from areas such as Clonsilla and Clonee. The upper end will also be tested in 2018 with the expected launch of a small development in Castleknock at Fottrell Hall, with prices in the region of €1.1m.

This segment proved difficult last year with five-bedroom houses at Castleknock Cross actually reduced in price, confirming Rafter's view that houses at the upper end of the market and above 2,000 sq ft are harder to sell. Those who were unrealistic saw their homes left unsold while smaller more popular properties hiked in value. "Vendors need to be cautious pitching their price, as buyers are very educated."

Rafter has seen a steady stream of older people from the larger houses in Castleknock looking to downsize to developments such as Laurel Lodge, which dates from the 1980s, a trend he expects to continue as this area matures.

Irish Independent


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