The Sunday Times | Property Price Guide – Dublin 8

Portobello offers access to the Grand Canal and some green spaces, left, artwork at the All City Jam at Tivoli Car Park on Francis Street, above, the Aloft hotel, right

Sit pretty in Dublin 8 for higher returns

DUBLIN 8

Blackpitts, Christchurch, Dolphin’s Barn Inchicore, Islandbridge, Kilmainham, Portobello, South Circular Road, The Coombe, The Liberties
CSO median house price: €312,750
2019 prediction: up 3%-5%

In general, prices were up by 5%, but the lower end of the market — homes up to €300,000 — performed slightly better and saw increases of 6%-7%. The higher end did not see that kind of growth, says selling agent Owen Reilly. “Our average selling price was €443,772, or €5,672 per square metre, or 4.32% above asking,” he says. “One-bedroom apartments sold well, as they appeal to both owner-occupiers and investors. Luxury period houses in the €900,000-plus range were more challenging. “Houses requiring significant renovation were harder to sell, as the cost of renovation has gone up.” Reilly marketed No 41 Lennox Street, a two-bedroom townhouse in Portobello, at €575,000 and it sold for €610,000. A one-bedroom apartment at St Kevin’s Church, Bloomfield Avenue, in Portobello, came on the market with an asking price of €275,000 and sold for €310,000. On Madison Road in Kilmainham, No 7, a three bedroom Victorian house, sold for €620,000, €30,000 above its asking price. While a number of student apartment schemes opened for business last year, there were no large developments in the sales sector. “Residents will closely watch planning developments at the John Player site, on South Circular Road, and Newmarket Square, in the Liberties,” says Reilly. Another interesting scheme will be the 12-acre site at St James’s Gate. Diageo is due to select a partner for the redevelopment shortly, so the project of homes, shops and businesses should finally get going. Reilly says he expects prices in the sub-€400,000 market to rise by 5%; homes between €400,000 and €600,00 to increase by 3.5%, and those in the €600,00-plus market to go up by 3%. “Dublin 8 offers better value than, say, Dublin 2 and Dublin 4. I think prices will rise higher here than other areas.”

For a copy of the guide please click here

Sunday 6th of January 2019