TENANTS LIVING ALONG Dublin’s rail lines are being asked to pay a premium of up to 30% on their rents for moving a single stop along the commuter routes.
A new rent analysis from property site Daft.ie, which crunched the numbers on comparable two-bedroom units across the city, showed people living on the Luas green line paid the highest average price at €1,444 per month.
That compared to an average price of €1,271 on the Luas red line, which was nearly 14% cheaper despite including the most-expensive stop on any route, Spencer Dock. The average price on the Dart line was €1,418.
The figures also showed wide variations, in many cases, between the prices at neighbouring stops. Renters in the upmarket locale of Killiney were paying an average €1,602, a near-30% premium on those one station south on the Dart at Shankill.
Similarly those renting near Sydney Parade, in the city’s south, were charged an average €1,721, compared to €1,544 one stop further out at Booterstown.
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Spencer Dock (Luas red line) – €1,802
Sandymount (Dart) – €1,791
Dalkey (Dart) - €1,743
Landsdowne Road (Dart) - €1,722
Grand Canal Dock (Dart) – €1,684
Cheeverstown – €869
Citywest Campus – €971
Fettercairn – €997
Belgard – €1,025
Saggart – €1,035
Daft report author Ronan Lyons said a more-detailed research paper to be released early next year would measure the total benefit of Dublin’s rail network.
“This is important for government spending plans, as without any measure of the benefits, the danger is that public spending is viewed simply as a cost,” he said.
The latest analysis follows earlier figures from the property site which showed the five most-expensive places to buy homes along Dublin’s rail lines were all on the southerly Dart route.
Note: Journal Media Ltd has shareholders in common with Daft.ie publisher Distilled Media Group.
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