Dubliners who live closer to Dart stations or Luas stops are paying a staggering 12% more on rent, according to a report by Daft.ie.
This means that renters living close to Dublin’s light rail network are now paying a premium of €3,336 per year compared to the average rent for Dublin.
The news comes from a report issued by Daft.ie which analysed the average rental prices across the capital, Dublin Live reports.
The report also revealed that Sandymount Dart station is the most expensive public transport station to live beside, with renters paying an average of €2,905.
On the Luas, homes close to Spencer Dock on the red line command the highest average rents (€2,858), while those living near O’Connell St (€2,678) pay most on the Luas green line.
The three most and least expensive Luas stops to live by are all on the Luas Red Line, with Spencer Dock averaging €2,858. which is nearly double the least expensive Luas stop, Cheeverstown (€2,547) .
Most expensive (All Stops & Stations)
Sandymount - €2,905
Spencer Dock - €2,858
Lansdowne Road - €2,850
Dalkey - €2,810
Grand Canal Dock - €2,743
Most expensive areas (LUAS Green Line)
O’Connell St - €2,678
Parnell - €2,678
Charlemont - €2,672
St. Stephen’s Green - €2,591
Dawson St - €2,591
Most expensive (LUAS Red Line)
Spencer Dock - €2,858
Mayor Sq - NCI - €2,737
George’s Dock - €2,697
Jervis - €2,678
The Point - €2,609
Most expensive (DART)
Sandymount - €2,905
Lansdowne Road - €2,850
Dalkey - €2,810
Grand Canal Dock - €2,743
Sydney Parade - €2,695
Commenting on the data, Raychel O’Connell from Daft.ie said: “Commuters continue to pay a high premium for the convenience of the Luas and Dart. This is why we included the MetroLink proposed route in our rental map for the first time.
“As this report shows there is high demand for access to reliable light rail transportation so we expect rental prices along the Metro to increase once the plan is finalised.”
Over 1,000 property searches are carried out on Daft.ie every minute.
