Saturday 25 November 2017

Dublin 3 (excluding Clontarf): Proximity to city sees investors going Dutch in established D3

24 Summerville, Clontarf in Dublin 3 sold in 2015 for €540,000.
24 Summerville, Clontarf in Dublin 3 sold in 2015 for €540,000.

Dublin 3 buyers through the last 12 months have been a mix of first-timers, down-sizers, ex-pats returning from abroad and a small number of investors. 

There is a huge variety of property types and price ranges in Dublin 3 according to Paul Menton of Quillsen. “North Strand and East Wall are neck and neck in terms of prices, as are Fairview and Marino at the higher end. The same house could cost €100,000 more in Marino than it would in North Strand.”

That said, Menton confirms that the whole of Dublin 3 is popular with first-time buyers, who are attracted by the proximity to the city centre, the IFSC, and East Point Business Park, and the convenience of the Dart line.

“The schools in the area are a big draw for families,” he reports, “as is Fairview Park. It’s an established area with good amenities.”

Because the housing stock in the area tends to be older, many properties coming to the market in Dublin 3 are in need of modernisation, and buyers need to have funds available to carry out that work.

“Marino is where everyone wants to be,” he says, “and the Dutch-style ex-corporation houses with the mansard roofs are appealing because they are so attractive looking and have a great internal layout. I could sell any number of those.”

After a year in which prices increased by a very modest 3pc, Menton is once again predicting single-digit price increases across all property types for 2016.

Irish Independent

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