Surprisingly, homes near the Luas Red Line actually cost less than the Dublin average.
A new report has shown that, on average, homes on the Luas lines in Dublin cost over €60,000 more than the average cost of a Dublin home.
The report – published by Daft.ie – shows that while the price of homes on or near the Luas Green Line are, on average, around €524,000, which is about €139,000 more than the Dublin average.
Those on or near the southside portion of the Luas Green Line are even more costly, with a hefty €172,000 price difference on average.
Martin Clancy from Daft.ie said: “Access to transport infrastructure is, unsurprisingly, driving up premiums for properties with good connectivity. For example, on the Luas green line, 24 of the 35 stops have average property prices of more than half-a-million euro.”
However, homes on or near the Dublin Green Line are shown to have an average price of €378,000, which actually makes them cheaper than the Dublin average house price of €385,000.
Beechwood is the most expensive Luas stop to live by with average asking prices of €778,000. The least expensive stop is Cheeverstown with average asking prices of €197,000 for two and three bedroom properties within a kilometre of the stop.
Daft.ie have also published an interactive map which shows the differences in the house prices, according to each of the Luas stops.
You can check that map out right here.
Most expensive (All Stops)
Beechwood – €778k
Ranelagh – €721k
Milltown – €672k
Cowper – €662k
Most Expensive (Luas Green Line)
Beechwood – €778k
Ranelagh – €721k
Milltown – €672k
Cowper – €662k
Most Expensive (Luas Red Line)
Spencer Dock – €633k
Mayor Square – NCI – €569k
George’s Dock – €517k
The Point – €498k
Least Expensive (Luas Green Line)
Cherrywood – €418
Dominick – €411
Cabra – €394
Broombridge – €323
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