Student splashes out €130,000 for Dublin bedsit

A STUDENT has splashed out €130,000 for a Dublin bedsit that is almost as small as a prison cell.

You can't throw a good party there you can't even have more that a few friends around but apparently it's worth it.

The record price shows that Dublin property prices are continuing to soar with the room in Leeson Park, Dublin 6, almost doubling its €75,000 guide price.

A PhD student from Co Wexford believes his younger brothers and sisters will be able to stay there in the future and save rent.

The room, measuring just 10x12 feet, is one of Dublin's no-frills properties that can fetch huge prices on the buoyant market. The bedsit has a boarded-up fireplace, a wash basin and a tiny separate toilet.

The costly purchase definitely needs a bit of a facelift and a complete refurbishment will be required. The property was sold by Vincent Finnegan Auctioneers.

An elderly lady lived at the exclusive Lesson Park address until recently.

Swinging a cat might be difficult at the expensive home but the buyer will be able to look at many neighbouring stars, including showband legend Dickie Rock and fashion designer John Rocha. Mr Rocha recently forked out €2m for number 42 Leeson Park which overlooks Fitzwilliam Lawn Tennis Club.

The value of small homes is rocketing with a 320-square foot property at Belgrave Road in Rathmines selling for over €175,000 earlier this year.

The rising prices could mean that the massive stg£60,000 paid for a broom closet in Knightsbridge, London, during the 1980s will be repeated here.