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Renting near Dublin's train lines is expensive (and it's getting pricier)

There’s a premium to be near a Dart or Luas stop.

PastedImage-14673 Daft.ie Daft.ie

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WITH RENTS CURRENTLY top of the political agenda, Daft.ie has crunched the numbers about how expensive it is to live near Dart and Luas stops in Dublin.

Looking a sample of 16,000 rental homes near the 125 rail stops, Daft.ie found that only one stop has properties nearby with average rents below €1,000.

That was in Cheeverston in west Dublin on the Red Luas Line with average rents of €950.

The rents are based on two-bedroomed apartments near the stops in question.

The most expensive stops in the Dublin area are the Sandymount Dart Station and at the Spencer Dock station on the Luas Red Line. Renters near these stops pay a premium of €1,920 per month.

A corresponding survey from just five months ago shows how prices are increasing with properties near Sandymount seeing rents of €1,908.

On average, the cost of a property close to a Dart station is €1,530, close to the Luas Green Line it’s €1,553 and on the Luas Red Line it’s €1,357.

The research also looks at the cost of rental properties near the extended Luas Green Line which is due to be completed next year and will link the two lines.

Of those stops, the city centre stops at Westmoreland Street, Dawson Street and Trinity all have average rents of €1,663.

PastedImage-96710 Daft.ie Daft.ie

Most expensive Dart stops (average monthly rents)

  • Sandymount – €1,908
  • Dalkey – €1,856
  • Sydney Parade – €1,854

Most expensive Luas Green Line stops (average monthly rents)

  • Milltown – €1,737
  • Cowper – €1,691
  • Charlemont – €1,670

Most expensive Luas Red Line stops (average monthly rents)

  • Spencer Dock – €1,920
  • George’s Dock – €1,770
  • Mayor Square – NCI – €1,749

Most expensive Luas Green Line extension stops

  • Westmoreland – €1,663
  • Trinity – €1,663
  • Dawson – €1,663

Economist Ronan Lyons who compiled the report says that the figures highlight how the value of being close to the rail network is factored into the price paid by renters.

“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,” Lyons argues.

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.

Note: Journal Media Ltd has shareholders in common with Daft.ie publisher Distilled Media Group. 

Read: The Luas effect: People pay more to live close (but not too close) to a tram stop >

Read: Fianna Fáil want ‘rent pressure zones’ extended to Galway, Limerick, and Waterford >

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15 Comments
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    Mute Stanley Marsh
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    Feb 13th 2023, 5:19 PM

    “[The] sacrament is like the 3D glasses we watch movies with; love is not just between the couple themselves, but firmly united with God.”

    What kind of weird, 3 way entanglement is this guy trying to badly explain?!?

    Love it when celibate old men give advice on marriage.

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    Mute Paul Shepherd
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    Feb 13th 2023, 5:29 PM

    @Stanley Marsh: you’re assuming that these old men are celibate or always have been. History suggests otherwise in many instances.

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    Mute Billy O'Brien
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    Feb 13th 2023, 6:30 PM

    That they’re great for the action parts, but really you just wish you had gone to a 2D film on your own.

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    Mute Sebastian Manka
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    Feb 13th 2023, 7:08 PM

    Next, they’ll need to involve Fortnite analogies in their sermons to reach out to the young generation. The old Jesus story is not selling so well anymore.

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    Mute Rui Firmino
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    Feb 13th 2023, 10:03 PM

    So a celibate old men “blesses” young couples in the presence of someone’s corpse with some bizarre incoherent ramblings about a god and 3D glasses. Why is this on the news? Sounds like this people need mental health professional help, not press.

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    Mute Tacita O'Copa
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    Feb 13th 2023, 9:07 PM

    3-D glasses?
    One blue eye and one red?
    Them 3-D glasses?

    At the risk of publicly exposing an unrecognised personal obtuseness, I say: I don’t get it.

    Hah?

    Sometimes when the clergy get creative all they achieve is a demonstration of their crippled inner awkwardness and psychological unfitness to dictate rules of behaviour or to provide inexperienced advice to mass society.

    Like the folk music cringefest introduced in the 1970s. Not a clue. So many of them are the last people to be counselling troubled souls.

    This 3-D character might as well have compared marriage to a slinky, a Rubik’s cube, the four of spades, shoe polish, or windscreen wipers.

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