Property Website, Daft.ie, has launched an online map with the average asking prices for houses on rail lines across Dublin.
The firm’s ‘DART & Luas House Price Map: By Stop’ is based on a sample of nearly 7,000 three-bed, semi-detached properties for sale between January and November 2016 near the capital’s stations.
According to the company, commuters living on the Dublin coastline pay on average the most for a property, with homes close to the Sandymount DART averaging €788,000.
Properties near DART stations are among the most expensive with Dalkey (€716k), Sydney Parade (€716k), Sandycove and Glasthule (€705k) completing a DART top three on the new map produced by Daft.ie.
On the Luas, homes close to Cowper on the green line command the highest average asking prices (€679k), while those living in the city centre pay most on the Luas red line with properties near the Spencer Dock stop averaging €663,000.
Daft.ie also analysed the average asking prices for each stop on the new Luas extension. Properties close to the new Dawson stop came out on top, with an average asking price of €479,000.
Most expensive (All Stations)
Sandymount – €788k
Dalkey – €716k
Sydney Parade – €716k
Sandycove and Glasthule – €705k
Cowper – €679k
LUAS Green Line
Cowper – €679k
Charlemont – €628k
Beechwood – €626k
Ranelagh – €623k
Carrickmines – €610k
LUAS Green Line Extension
Westmoreland – €479k
Trinity – €479k
Dawson – €479k
Phibsborough – €378k
Grangegorman- €376k
LUAS Red Line
Spencer Dock – €663k
Mayor Square – NCI – €542k
George’s Dock – €464k
The Point – €425k
Jervis – €414k
DART
Sandymount – €788k
Dalkey – €716k
Sydney Parade – €716k
Sandycove and Glasthule – €705k
Blackrock – €674k
Martin Clancy from Daft.ie said: “Convenience and affordability are two key concerns for pretty much everyone who lives and works in Dublin. This map gives a great overview of property prices across the capital and is a fantastic visual reference for anyone who is considering buying or selling close to the Luas or DART.”
Ronan Lyons, economist at TCD and author of the Daft Report, said: “The figures in this infographic highlight the value of rail infrastructure, with prices for properties closer to stations above those for comparable properties elsewhere. With the imminent opening of the Luas Cross-City extension, there are now 125 different rail stations in the Greater Dublin area.
“So, this report also shows the value in looking around and seeing if there are areas that offer good access to work and other amenities, by being close to rail facilities, but at a lower cost. For policymakers, the fundamental question remains how best to link upswing in properties, like those seen around the cross-city Luas, and the money invested in rail. A good property tax system can make that connection.”
