Q1 2019 Daft Light Rail House Price Map
House prices close to DART stations and Luas stops rose again by an average of 4% in the first quarter of 2019 to an average of €512,000, according to new research from Daft.ie.
This means that buyers are now paying a premium of €129,000 (34%) for a property close to a DART or Luas stop compared to the average asking price in Dublin (€383,000)
Daft.ie has today launched their Q1 2019 Light Rail House Price maps. The research which led to the creation of these maps analysed the average asking prices for two and three bedroom properties (controlling for time, size and type) close to each of the 98 Dart and Luas stops and stations in the Greater Dublin Area for the period between April 2018 and March 2019 and, for the first time, the 16 stops on the proposed MetroLink route.
As seen on previous Daft Light Rail Reports commuters on the Dublin south coastline pay on average the most for a property close to a DART station with prices averaging €670,000, an increase of €45,000 since 2018 Q1.
Prices near DART stations are among the most expensive analysed with Sandymount (€870k), Dalkey (€848k), Lansdowne Road (€821k) and Sydney Parade (€756k) accounting for four of the five most expensive stations to live by, on the new maps produced by Daft.ie.
On the Luas, homes close to the Beechwood stop command the highest average asking price (€788k) on the green line while those living close to the Spencer Dock stop (€724k) pay the most on the Luas red line.
For the first time the Daft Light Rail Maps includes house prices close to the proposed MetroLink route. The most expensive homes in the current plan are those closest to the Charlemont stop (€724,000) and Tara Street (€573,000). While the least expensive homes are currently in the area of the Ballymun (€285,000) and the Northwood (€322,000) stops.
Commenting on the latest figures, economist Ronan Lyons said: “In this update to the rail prices map, we’ve added areas around the MetroLink’s residential stations. That’s because, when people buy homes, they typically buy them for the long-term – 10 years or more. Therefore, they plan ahead and it’s envisaged that MetroLink will be up and running by 2027, less than ten years away. It is likely that, just as with the Luas before it, these areas will see extra demand as the MetroLink becomes a reality, which will show up in these infographics and in the scale of building nearby.”
Most expensive (All Stations)
Sandymount €870k
Dalkey €848k
Lansdowne Road €821k
Beechwood €788k
Sydney Parade €756k
Most expensive (Luas Green Line)
Beechwood €788k
Ranelagh €741k
Charlemont €724k
Cowper €718k
Most expensive (Luas Red Line)
Spencer Dock €724k
Mayor Square -NCI €609k
George’s Dock €548k
The Point €542k
Most expensive (DART)
Sandymount €870k
Dalkey €848k
Lansdowne Road €821k
Sydney Parade €756k
