The average price of homes along Luas and DART lines have been revealed

The report shows the average asking price for a three-bedroom semi-detached home close to each station.

A report released by Daft.ie on Monday morning showcases just how much it would be, on average, to buy a home near either a Luas or Dart stop in 2017. These prices are samples chosen from the period between January and November of this year. This report indicates that prices for three-bedroom homes along the new Luas Cross City line, which opened on Saturday, have risen by 15% since 2016. The three most expensive stops along the new line all are Dawson (€519k), Trinity (€519k) and Westmoreland (€519k). The most expensive red line Luas stops are Spencer Dock (€597k), Mayor Square (€562k) and Jervis (€518k), whereas the three priciest stops of all three Luas lines combined are on the green line, namely Beechwood (€727k), Ranelagh (€682k) and Charlemont (€666k).   And as for the DART, topping the list on the DART Northside and Southside lines respectively are Malahide (€546k) and Sandymount (€784k). Commenting on the figures, Ronan Lyons, economist at Trinity College Dublin said: “It is well known that transport infrastructure can have a big impact on property values. Over the last 20 years, Ireland has added lots of new infrastructure, including motorways and the DART. “How these investments pay for themselves is, of course, a different question. One option increasingly considered elsewhere is value capture – in other words, where the taxpayer brings about an increase in wealth by paying for new infrastructure, it shares in part of that new wealth. “The opening of the cross-city Luas has clearly added value in the areas newly served by light rail: three-bed homes near the new Luas stations saw their values increase by 15% over the last year, compared to a 6% increase in similar homes near other rail stations. Whether the taxpayer gets some payback, however, is down to the Government.” For those interested in seeing a bigger map in full, you can check it out here. Image cred: Daft.ie