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Jun 17, 2017

Excellent yields on small apartments in Dublin


Last Updated: Jun. 17, 2017
DUBLIN 1 COST (€) YIELD (p.a.) PRICE SQ.M. (€)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
1-br apartments 198,000 1,383 9.38% n.a. n.a.
2-br houses 294,000 1,669 6.81% n.a. n.a.
3-br houses 399,000 2,065 6.21% n.a. n.a.
4-br houses 561,000 2,572 5.50% n.a. n.a.
5-br houses 755,000 2,964 4.71% n.a. n.a.
DUBLIN 2
1-br apartments 255,000 1,621 7.63% n.a. n.a.
2-br houses 351,000 1,925 6.58% n.a. n.a.
3-br houses 494,000 2,300 5.59% n.a. n.a.
4-br houses 691,000 2,695 4.68% n.a. n.a.
5-br houses 813,000 3,141 4.64% n.a. n.a.
DUBLIN 3
1-br apartments 216,000 1,346 7.48% n.a. n.a.
2-br houses 311,000 1,581 6.10% n.a. n.a.
3-br houses 428,000 1,826 5.12% n.a. n.a.
4-br houses 650,000 2,088 3.85% n.a. n.a.
5-br houses 804,000 2,195 3.28% n.a. n.a.
DUBLIN 4
1-br apartments 310,000 1,738 6.73% n.a. n.a.
2-br houses 432,000 2,006 5.57% n.a. n.a.
3-br houses 637,000 2,286 4.31% n.a. n.a.
4-br houses 1,032,000 2,554 2.97% n.a. n.a.
5-br houses 1,250,000 2,666 2.56% n.a. n.a.
DUBLIN 6
1-br apartments 279,000 1,507 6.48% n.a. n.a.
2-br houses 395,000 1,749 5.31% n.a. n.a.
3-br houses 564,000 2,092 4.45% n.a. n.a.
4-br houses 888,000 2,293 3.10% n.a. n.a.
5-br houses 1,115,000 2,482 2.67% n.a. n.a.
DUBLIN 6W
1-br apartments 232,000 1,358 7.02% n.a. n.a.
2-br houses 328,000 1,576 5.77% n.a. n.a.
3-br houses 468,000 1,885 4.83% n.a. n.a.
4-br houses 738,000 2,067 3.36% n.a. n.a.
5-br houses 926,000 2,236 2.90% n.a. n.a.
DUBLIN 7
1-br apartments 178,000 1,297 8.74% n.a. n.a.
2-br houses 251,000 1,505 7.20% n.a. n.a.
3-br houses 358,000 1,801 6.04% n.a. n.a.
4-br houses 564,000 1,974 4.20% n.a. n.a.
5-br houses 708,000 2,136 3.62% n.a. n.a.
DUBLIN South Country
1-br apartments 254,000 1,410 6.66% n.a. n.a.
2-br houses 358,000 1,636 5.48% n.a. n.a.
3-br houses 512,000 1,958 4.59% n.a. n.a.
4-br houses 806,000 2,146 3.20% n.a. n.a.
5-br houses 1,012,000 2,322 2.75% n.a. n.a.
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower.
Source: Daft.ie Definitions: Data FAQ See also: Update Schedule

Gross rental yields on apartments remain excellent in Dublin, in certain areas and for certain sizes.  Across the range of apartment and house sizes, Dublin 1 earns the best returns.

How much will you earn? One-bedroom apartments will earn relatively more than two-bedroom houses (in terms of return-on-investment), and those in turn will earn relatively more than 3-bedroom houses, etcetera. To earn higher returns, buy smaller units.

As is perhaps to be expected, the highest yielding apartments are those in the lowest-cost areas.  It was ever thus!  These areas also tend to be those where prices are least volatile, thus least exposed to a downturn.

  • In Dublin 1 a 1-bedroom apartment bought for around €200,000 can rent for around €1,380 per month, earning a yield of 9.35%.  Please remember that these yields are gross; net yields will be less.
  • In Dublin 7 a 1-bedroom apartment bought for around €180,000 can rent for around can rent for around €1,300 per month, earning a yield of 8.7%
  • Large houses (4 and 5 bedrooms) tend to earn relatively low yields, except in Dublin 1

Round trip transaction costs are moderate for buyers of residential property in Ireland. See our Ireland residential property transaction costs analysis and our Residential property transaction costs in Ireland compared to other countries.


RENTAL YIELDS ACROSS IRELAND

LOCATION \BEDROOM#
AVERAGE
1-BED
2-BED
3-BED
4-BED
5-BED
Dublin City Centre
8.0%
8.1%
7.8%
8.0%
-
-
North Dublin City
6.1%
7.9%
6.9%
5.8%
4.8%
5.0%
South Dublin City
5.9%
7.1%
6.3%
5.8%
5.0%
4.5%
North Dublin Country
5.9%
7.6%
6.9%
5.9%
4.7%
4.5%
South Dublin Country
5.4%
6.6%
6.2%
5.7%
4.2%
3.7%
West Dublin Country
6.6%
9.8%
7.7%
6.5%
5.2%
4.2%
Dublin Commuter Counties
5.7%
7.9%
7.7%
6.0%
4.6%
4.2%
West Leinster
5.9%
8.8%
7.9%
7.0%
5.0%
4.1%
South-East Leinster
5.5%
8.3%
7.4%
6.0%
4.5%
4.1%
Munster
5.2%
5.9%
7.1 %
6.0%
4.2%
4.0%
Cork City
6.3%
6.0%
8.6%
6.4%
5.3%
5.0%
Limerick City
7.2%
10.6 %
8.6%
7.5%
5.7%
6.3%
Waterford City
7.4%
8.0%
8.3%
8.5%
5.2%
5.9%
Connaught/Ulster
5.7%
5.2%
6.8%
7.3 %
5.3%
3.9%
Galway City
6..8%
9.0%
8.0%
7.9 %
5.6%
4.1%
Average
5.7%
7.2%
7.2%
6.3%
4.8%
4.1%
Source: The Daft.ie Rental Report, 2014, August.
   





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