Friday 15 December 2017

Rental returns lure cash buyers to D16 on hunt for apartments

A family enjoying a stroll in Marlay Park in D16
A family enjoying a stroll in Marlay Park in D16
Mark Keenan

Mark Keenan

DUBLIN 16

Ballinteer, Knocklyon, Whitechurch, Rockbrook, Kilmashogue, Dundrum

Up 15%

One Year Forecast: Up 10%

Average price: €350,000

Assessing Agent: Sherry FitzGerald.

The Market:

Carole Ross of Sherry Fitzgerald says her agency has found a sharp increase in demand for properties in all of Dublin 16.

The postcode contains a huge mix of property from Knocklyon to parts of Dundrum into Ballinteer and significant variation in price is obviously evident.

All, however, are facing the same issues in terms of a lack of supply of properties and a high demand for family homes in all of these locations, which in turn has contributed to the price increases.

Some property types will also attract more interest in terms of bidding wars, and the Templeogue-based branch has found that three and four-bed semis in walk-in condition are continuing to attract higher price increases close to St Colmcille's school which remains exceptionally popular. Idrone, Knocklyon and Woodstown are prime targets for young families.

Cash buyers are taking up apartment stock in the likes of Dundrum and Ballinteer where good rental returns exist. This is a marked difference from a year ago where you "couldn't give away" one-bed apartments.

Two-bed apartments appeal to investors and owner-occupiers alike especially where three-bed houses are considered unaffordable. A hike of 7% on average is likely this year, although some property types will vary above and below this performance.

The PRICES:

1-bed apartment:

Jan 2013: €130,000

Jan 2014: €150,000

Jan 2015: €165,000

2-bed apartment:

Jan 2013: €191,000

Jan 2014: €220,000

Jan 2015: €244,000

2up/2 down:

Jan 2013: €239,000

Jan 2014: €275,000

Jan 2015: €302,000

3-bed terrace:

Jan 2013: €260,000

Jan 2014: €300,000

Jan 2015: €330,000

2-bed cottage:

Jan 2013: €278,000

Jan 2014: €320,000

Jan 2015: €352,000

Ex-corporation 2-bed:

Jan 2013: €217,000

Jan 2014: €250,000

Jan 2015: €275,000

Ex-corporation 3-bed:

Jan 2013: €239,000

Jan 2014: €275,000

Jan 2015: €302,000

2-bed townhouse:

Jan 2013: €239,000

Jan 2014: €275,000

Jan 2015: €302,000

3-bed townhouse:

Jan 2013: €286,000

Jan 2014: €330,000

Jan 2015: €383,000

New 3-bed semi:

Jan 2013: €286,000

Jan 2014: €330,000

Jan 2015: €383,000

3-bed semi:

Jan 2013: €320,000

Jan 2014: €375,000

Jan 2015: €412,000

4-bed semi:

Jan 2013: €365,000

Jan 2014: €420,000

Jan 2015: €462,000

4-bed detached:

Jan 2013: €413,000

Jan 2014: €475,000

Jan 2015: €522,000

5-bed detached:

Jan 2013: €475,000

Jan 2014: €550,000

Jan 2015: €605,000

5-bed semi-detached:

Jan 2013: €434,000

Jan 2014: €500,000

Jan 2015: €550,000

3-bed bungalow:

Jan 2013: €347,000

Jan 2014: €400,000

Jan 2015: €440,000

4-bed bungalow:

Jan 2013: €400,000

Jan 2014: €450,000

Jan 2015: €495,000

Detached 1,500-2,000 sq ft:

Jan 2013: €434,000

Jan 2014: €500,000

Jan 2015: €550,000

Detached 2,000+ sq ft:

Jan 2013: €478,000

Jan 2014: €550,000

Jan 2015: €605,000

bungalow, 1/2 acre:

Jan 2013: €400,000

Jan 2014: €460,000

Jan 2015: €506,000

Irish Independent

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