Map of house prices along tram routes reveals 15% premium to live near the Luas

Map of house prices along tram routes reveals 15% premium to live near the Luas

Househunters in Dublin are paying up to 15% more for a home near a Luas line.

This means that buyers are now paying an average of €446,000 for a property close to a Luas stop, which is €61,000 more than the average asking price in Dublin.

Daft.ie has released a series of maps outlining the difference in the cost of a house in the capital along the tram routes.

Differences emerge between the Green and Red lines and also between stops.

Map of house prices along tram routes reveals 15% premium to live near the Luas

Map of house prices along tram routes reveals 15% premium to live near the Luas

Beechwood and Ranelagh are the most expensive, while the least expensive is Cheeverstown.

Map of house prices along tram routes reveals 15% premium to live near the Luas

Map of house prices along tram routes reveals 15% premium to live near the Luas

Mark Clancy from daft.ie says those looking for a new home in Dublin are paying thousands more to live by the LUAS.

"What we found is that buyers are paying 15% extra to live by the Luas. That translates to over €60,000 in cold, hard cash, compared to the average asking price in Dublin," he said.

Map of house prices along tram routes reveals 15% premium to live near the Luas

"The data we looked at were houses within 1km of a Luas stop across both lines and the average asking price by a Luas line now is €446,000."

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 - €418k

Dominick - €411k

Cabra - €394k

Broombridge - €323k

Least Expensive (Luas Red Line)

Hospital - €246k

Fettercairn - €228k

Citywest Campus - €220k

Cheeverstown - €197k

Digital Desk

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