Wednesday 23 May 2018

Looking for a luxury rental? These three Dublin properties have slashed their rents

The house for rent in Malahide that was initially available for €5,000 a month (Image via Daft.ie)
The house for rent in Malahide that was initially available for €5,000 a month (Image via Daft.ie)

Sean Nolan

While the upward trend in rents in Dublin continues unabated, some luxury properties have slashed their rents

In its most recent report, Daft.ie concluded that rents in Dublin have increased year-on-year every quarter since late 2010, increasing on average 81pc since that low.

However, not every property listed online is going up and up.

Here are three luxury properties from Daft.ie. that have dropped their rates in recent weeks.

Interior of the property in Cabinteely (Image via Daft.ie)
Interior of the property in Cabinteely (Image via Daft.ie)

Two bedroom apartment in Cabinteely, Dublin 18

An unfurnished two-bedroom, two-bathroom apartment in the Watermint complex in the south Dublin suburb of Cabinteely was initially offered for rent in early February at €2,200 a month.

Interior of the property in Cabinteely (Image via Daft.ie)
Interior of the property in Cabinteely (Image via Daft.ie)

The master bedroom has an en-suite bathroom while the main bathroom features a Japanese bath.

The apartment also has a large balcony overlooking Cabinteely Park.

The bathroom with the Japanese bath in Cabinteely (Image via Daft.ie)
The bathroom with the Japanese bath in Cabinteely (Image via Daft.ie)

After being initially offered at €2,200 a month, the price has dropped to €1,900 a month in recent weeks.

According to Daft, the average rent for a two-bed house in Dublin 18 in the fourth quarter of 2017 was €1,661.

Three bedroom duplex apartment in Ballsbridge, Dublin 4

This newly refurbished, but unfurnished apartment in the heart of Dublin 4 first hit the market in early February at €3,200 a month.

The kitchen of the property in Ballsbridge (Image via Daft.ie)
The kitchen of the property in Ballsbridge (Image via Daft.ie)

The duplex comes with two double bedrooms and one single, while the recent upgrade has seen new wooden floors and a new kitchen fitted.

Both bathrooms have also been fully refitted before it went on the market.

The apartment also has a south facing terrace overlooking the complex's communal gardens.

The listing has had €300 taken off the rent since it was listed but remains on the market at €2,900 a month.

View of the complex's communal gardens (Image via Daft.ie)
View of the complex's communal gardens (Image via Daft.ie)

According to Daft, the average rent on a three-bed house in Dublin 4 is €2,437.

Four-bed house in Malahide, Co Dublin

This large, four-bedroom, five bathroom detached house in Malahide is fully furnished and was first listed on Daft in September last year at €5,000 a month.

The house for rent in Malahide that was initially available for €5,000 a month (Image via Daft.ie)
The house for rent in Malahide that was initially available for €5,000 a month (Image via Daft.ie)

The fully furnished house features an impressive entrance hall, electric entrance gates and a huge back garden/patio area.

The property owner has repeatedly dropped the rent since it was initially placed on the market.

By mid-December it was available for €4,200 a month and by early February it was available for €3,500.

Kitchen of the property in Malahide (Image via Daft.ie)
Kitchen of the property in Malahide (Image via Daft.ie)

The property is currently available for €3,200, almost 40pc less than the initial rental price.

According to Daft, the average rent on a four-bed house in north County Dublin is €1,694.

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