Ireland

Excellent yields on small apartments in Dublin

Residential Valuation Specialist
Last Updated: Jun. 30, 2018
DUBLIN 1 COST (€) YIELD (p.a.) PRICE SQ.M. (€)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
1-br apartments 214,000 1,529 8.57% n.a. n.a.
2-br houses 318,000 1,856 7.00% n.a. n.a.
3-br houses 425,000 2,303 6.50% n.a. n.a.
4-br houses 591,000 2,813 5.71% n.a. n.a.
5-br houses 745,000 3,334 5.37% n.a. n.a.
DUBLIN 2
1-br apartments 318,000 1,784 6.73% n.a. n.a.
2-br houses 440,000 2,119 5.78% n.a. n.a.
3-br houses 576,000 2,508 5.23% n.a. n.a.
4-br houses 810,000 2,942 4.36% n.a. n.a.
5-br houses 944,000 3,386 4.30% n.a. n.a.
DUBLIN 3
1-br apartments 241,000 1,484 7.39% n.a. n.a.
2-br houses 339,000 1,758 6.22% n.a. n.a.
3-br houses 467,000 2,051 5.27% n.a. n.a.
4-br houses 695,000 2,343 4.05% n.a. n.a.
5-br houses 857,000 2,432 3.41% n.a. n.a.
DUBLIN 4
1-br apartments 322,000 1,875 6.99% n.a. n.a.
2-br houses 458,000 2,145 5.62% n.a. n.a.
3-br houses 677,000 2,469 4.38% n.a. n.a.
4-br houses 1,073,000 2,751 3.08% n.a. n.a.
5-br houses 1,340,000 3,042 2.72% n.a. n.a.
DUBLIN 6
1-br apartments 329,000 1,665 6.07% n.a. n.a.
2-br houses 446,000 1,928 5.19% n.a. n.a.
3-br houses 647,000 2,273 4.22% n.a. n.a.
4-br houses 1,018,000 2,498 2.94% n.a. n.a.
5-br houses 1,190,000 2,611 2.63% n.a. n.a.
DUBLIN 6W
1-br apartments 260,000 1,478 6.82% n.a. n.a.
2-br houses 353,000 1,712 5.82% n.a. n.a.
3-br houses 513,000 2,018 4.72% n.a. n.a.
4-br houses 807,000 2,218 3.30% n.a. n.a.
5-br houses 943,000 2,319 2.95% n.a. n.a.
DUBLIN 7
1-br apartments 211,000 1,470 8.36% n.a. n.a.
2-br houses 286,000 1,702 7.14% n.a. n.a.
3-br houses 416,000 2,007 5.79% n.a. n.a.
4-br houses 654,000 2,206 4.05% n.a. n.a.
5-br houses 764,000 2,306 3.62% n.a. n.a.
DUBLIN 8
1-br apartments 216,000 1,539 8.55% n.a. n.a.
2-br houses 293,000 1,782 7.30% n.a. n.a.
3-br houses 425,000 2,101 5.93% n.a. n.a.
4-br houses 669,000 2,309 4.14% n.a. n.a.
5-br houses 782,000 2,413 3.70% n.a. n.a.
DUBLIN South Country
1-br apartments 282,000 1,541 6.56% n.a. n.a.
2-br houses 382,000 1,784 5.60% n.a. n.a.
3-br houses 555,000 2,104 4.55% n.a. n.a.
4-br houses 873,000 2,312 3.18% n.a. n.a.
5-br houses 1,021,000 2,417 2.84% 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. However, Dublin yields are falling as prices rise.

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 €215,000 can rent for around €1,530 per month, earning a yield of 8.6%. Please remember that these yields are gross; net yields will be less.
  • In Dublin 7 a 1-bedroom apartment bought for around €211,000 can rent for around can rent for around €1,470 per month, earning a yield of 8.4%
  • Large houses (4 and 5 bedrooms) tend to earn relatively low yields.

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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