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Jun 30, 2016

Excellent yields on small apartments in Dublin


Last Updated: Jun. 30, 2016
DUBLIN 1 COST (€) YIELD (p.a.) PRICE SQ.M. (€)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
1-br apartments 163,000 1,187 8.74% n.a. n.a.
2-br houses 247,000 1,443 7.01% n.a. n.a.
3-br houses 344,000 1,771 6.18% n.a. n.a.
4-br houses 511,000 2,188 5.14% n.a. n.a.
5-br houses 622,000 2,584 4.99% n.a. n.a.
DUBLIN 2
1-br apartments 221,000 1,407 7.64% n.a. n.a.
2-br houses 307,000 1,668 6.52% n.a. n.a.
3-br houses 440,000 2,017 5.50% n.a. n.a.
4-br houses 672,000 2,397 4.28% n.a. n.a.
5-br houses 760,000 3,297 5.21% n.a. n.a.
DUBLIN 3
1-br apartments 205,000 1,200 7.02% n.a. n.a.
2-br houses 289,000 1,397 5.80% n.a. n.a.
3-br houses 406,000 1,606 4.75% n.a. n.a.
4-br houses 663,000 1,875 3.39% n.a. n.a.
5-br houses 826,000 2,044 2.97% n.a. n.a.
DUBLIN 4
1-br apartments 281,000 1,548 6.61% n.a. n.a.
2-br houses 399,000 1,768 5.32% n.a. n.a.
3-br houses 581,000 2,066 4.27% n.a. n.a.
4-br houses 980,000 2,326 2.85% n.a. n.a.
5-br houses 1,188,000 2,468 2.49% n.a. n.a.
DUBLIN 6 and 6W
1-br apartments 253,000 1,254 5.95% n.a. n.a.
2-br houses 318,000 1,444 5.45% n.a. n.a.
3-br houses 489,000 1,782 4.37% n.a. n.a.
4-br houses 813,000 1,913 2.82% n.a. n.a.
5-br houses 950,000 2,126 2.69% n.a. n.a.
DUBLIN 7
1-br apartments 167,000 1,099 7.90% n.a. n.a.
2-br houses 211,000 1,266 7.20% n.a. n.a.
3-br houses 324,000 1,563 5.79% n.a. n.a.
4-br houses 538,000 1,678 3.74% n.a. n.a.
5-br houses 629,000 1,864 3.56% n.a. n.a.
Source: www.daft.ie Definitions: Data FAQ See also: Update Schedule

The last three years have seen a dramatic reversal in Ireland, with house prices soaring. However Dublin´s house prices appear close to peaking.

  • Dublin 4 has on average the city´s most expensive housing, with 1 bedroom apartments costing around £281,000
  • Dublin 1 has cheaper housing, with 1 bedroom apartments costing around £163,000
  • Dublin´s other core areas (2, 3, 6, 6W and 7) have housing costs which are in between.

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.

  • In Dublin 4 a 1-bedroom apartment can rent for around £1,550 per month, earning a yield of 6.6%
  • In Dublin 1 a 1-bedroom apartment can rent for around £1,200 per month, earning a yield of 8.7%

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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