Is buying a property in Stoneybatter a good investment?

Last updated on December 29, 2023

Yes, the analysis of Dublin's property market is included in our pack

If you've seen the trendy vibe and community spirit of Stoneybatter, you might contemplate making this Dublin district your next property investment.

Is it a good idea though? What's the current state of the real estate market in that area? Are property values appreciating or depreciating? Are investors seeing returns on their real estate investments? How's the demand for rentals?

We'll answer all these questions for you! When building and updating our property pack for Ireland, our team has been researching and surveying this area. In fact, there is significant customer interest in investing there. Therefore, we believe it would be beneficial to include some information about it in our property pack.

Why do property buyers like investing in Stoneybatter?

Stoneybatter, a neighborhood in Dublin, has garnered significant attention from property buyers, and there are several reasons for this.

Firstly, let's delve into what sets Stoneybatter apart from other real estate markets, particularly within Dublin.

One of the most appealing attributes of Stoneybatter is its unique blend of historical charm and modern living. This area, with its quaint Victorian streets and traditional red brick houses, exudes an old-world charm that's hard to find in more modernized parts of the city.

However, it's not just about aesthetics. The neighborhood has seen a surge of new cafes, restaurants, and boutique shops, which adds a vibrant, contemporary feel to the area. This balance of old and new is a significant draw for many buyers who are looking for a place that has character and is also aligned with modern urban living.

Now, when we compare Stoneybatter to other areas in Dublin, its location plays a pivotal role. It's close to Dublin city center, making it ideal for those who work or enjoy the city life, but still want a sense of community and a quieter living environment.

This proximity to the city center, combined with relatively more affordable property prices compared to other central Dublin neighborhoods like Ballsbridge or Ranelagh, makes Stoneybatter a more accessible option for a wide range of buyers.

The rise in popularity of Stoneybatter can be traced back to the last decade or so. It was around this time that Dublin started experiencing a property boom, and areas like Stoneybatter, previously considered more affordable and less desirable, began to attract attention.

This shift was partly due to the escalation of property prices in more central locations, driving buyers to look for alternatives that still offered proximity to the city center and a good quality of life. Stoneybatter, with its charming streets and growing amenities, fit the bill perfectly.

As for whether this hype will remain, it seems likely. The neighborhood continues to develop, with new amenities and infrastructure improvements, suggesting that its popularity is not just a passing trend.

However, it's essential to consider market dynamics and broader economic factors that can impact real estate trends.

The kind of people attracted to Stoneybatter is quite diverse. It's popular among young professionals and couples who appreciate the urban lifestyle but seek a neighborhood with a sense of community. It's also appealing to first-time buyers who find the property prices here more achievable compared to other parts of Dublin.

Additionally, the area's charm and ongoing development have started to attract the attention of investors and those looking for rental properties, as the demand for living in Stoneybatter grows.

However, like any area, Stoneybatter has its weaknesses. One potential downside is the rapid development and popularity might lead to issues like gentrification, where original residents may be priced out of the market.

Also, while the area is evolving, it might still lack some of the more upscale amenities and facilities found in more established affluent Dublin neighborhoods. Traffic and parking can also be challenging, as with any area close to a city center.

Make a profitable investment in Dublin

Better information leads to better decisions. Save time and money. Download our guide.

Why is Stoneybatter a nice place to live?

Stoneybatter, often celebrated for its distinct character and community spirit, stands out as a desirable place to live in Dublin; let's explore what contributes to its appeal, from lifestyle and culture to amenities and accessibility.

The lifestyle in Stoneybatter is a blend of traditional Dublin charm and contemporary urban living. It's known for its village-like atmosphere, where locals enjoy a close-knit community feel.

This is complemented by an array of modern cafes, eclectic shops, and popular pubs, like The Cobblestone and L. Mulligan Grocer, which are hubs of social activity. The area is also renowned for its cultural vibrancy, hosting events like the Stoneybatter Festival, which celebrates local arts, music, and community spirit.

Regarding the expat community, Stoneybatter is increasingly becoming a choice destination for expatriates, particularly young professionals and families. They are drawn by its welcoming atmosphere and the blend of urban and community living. The area's cultural diversity is reflected in its variety of international restaurants and shops, making expats feel at home.

When it comes to cost of living, Stoneybatter offers a somewhat balanced scenario. While it is not the cheapest area in Dublin, especially with its rising popularity, it still remains more affordable than some of the city's more upscale neighborhoods.

However, like any sought-after urban area, the cost of living can be higher than in more suburban or rural locations.

Safety in Stoneybatter is generally good, with a strong sense of community often contributing to lower crime rates.

However, like any urban area, it's wise to be mindful of personal safety, especially at night.

The neighborhood is well-equipped with amenities and facilities. For education, there are several schools in and around the area, including St. Gabriel's National School and Brunner Secondary School.

Healthcare needs are catered to by nearby hospitals such as the Mater Hospital and St. James's Hospital. For shopping and everyday needs, residents have access to local stores as well as larger supermarkets like Tesco and Lidl.

Infrastructure quality in Stoneybatter is solid, with ongoing improvements. The roads and public utilities are well-maintained, and the area enjoys reliable internet connectivity, a must-have for modern living.

Accessibility is another strong point for Stoneybatter. It's well-connected to other parts of Dublin, making it easy to commute to the city center or other neighborhoods.

The area benefits from excellent public transportation options, including numerous bus routes and the nearby Luas tram system, which links Stoneybatter with the rest of Dublin, including major transport hubs like Heuston Station.

Although it's not directly served by a train line, its proximity to Dublin city center makes it relatively easy to access major transport hubs, including Dublin Airport, which is about a 20-minute drive away.

How much does it cost to buy real estate in Stoneybatter?

If you need a detailed and updated analysis of the prices, rents and yields, you can get our full guide about real estate investment in Ireland.

Buying a property in Stoneybatter, involves navigating a market that's unique in its offerings and trends.

Let's break down what you need to know about the types of properties, demand, pricing, and future predictions in this charming neighborhood.

Stoneybatter primarily features a mix of residential properties, including apartments, traditional townhouses, and a smaller selection of larger homes. The area is known for its Victorian-style red brick houses, which are particularly sought after. These properties, often terraced houses, are rich in character and represent a significant portion of the housing stock in the area.

In terms of demand, there's a high interest in these traditional houses due to their historical charm and the sense of community in Stoneybatter. Apartments, particularly modern ones, are also in demand, especially among young professionals and small families who value the convenience and lower maintenance of apartment living.

The demand for these property types is driven by Stoneybatter's proximity to Dublin city center, its vibrant community, and the blend of urban and residential lifestyles.

Regarding new developments, Stoneybatter has seen a mix of both new constructions and resale properties. While the area is known for its historical buildings, there has been some development of new apartments and renovations of existing properties.

However, the scale of new developments is relatively modest compared to other areas of Dublin, partly due to the community's desire to preserve the neighborhood's character.

The price range for properties in Stoneybatter varies, but it's generally considered to be more affordable compared to some of the more upscale neighborhoods in Dublin.

Prices per square meter can vary significantly based on the property type, age, and condition. For a rough estimate, properties might range from around €4,000 to €6,000 per square meter, with renovated and well-located properties fetching higher prices.

Over recent years, property values in Stoneybatter have seen a general upward trend. This increase is attributed to the area's growing popularity, the appeal of its unique character, and its proximity to Dublin city center.

Looking ahead, there are a few factors that might impact the real estate market in Stoneybatter. Any upcoming developments or city planning changes, like improvements in transportation or infrastructure, could affect property values.

For instance, enhancements to public transport connections or the development of community amenities could make the area even more desirable.

Predictions for the real estate market in Stoneybatter in the coming years suggest that the neighborhood will likely continue to be a sought-after location. Factors that indicate a potential increase in value include the ongoing demand for housing in Dublin, the limited supply of new properties in Stoneybatter, and the area's enduring appeal due to its unique character and community feel.

However, it's always important to be mindful of broader economic and real estate market trends that can influence property values.

Where is the best area to buy a property in Stoneybatter?

When considering the best area to buy a property in Stoneybatter, it's important to understand that the neighborhood's charm lies in its diversity and the distinct characteristics of its various parts.

Stoneybatter itself is known for its village-like feel, but different streets and sections offer varied atmospheres, property types, and price ranges. The heart of Stoneybatter, around Manor Street and Stoneybatter Main Street, is bustling with activity.

This area is lined with cafes, shops, and pubs, making it attractive for those who enjoy a lively urban lifestyle. The properties here are predominantly traditional Victorian townhouses, which are highly sought after. As such, prices in this central part of Stoneybatter can be higher due to the demand and the charm of these historical buildings.

Moving away from the main streets, you'll find quieter, more residential areas. Streets like Oxmantown Road and Kirwan Street offer a more subdued atmosphere while still being close to the amenities of the main thoroughfares.

The properties in these areas are similar in style but might be slightly more affordable than those on the main streets, making them a good option for buyers looking for a balance of tranquility and urban living.

In terms of up-and-coming areas within Stoneybatter, the regions bordering the Phoenix Park, such as those around Aughrim Street, are gaining popularity. The proximity to one of Europe's largest walled city parks is a significant draw, offering a blend of urban life and green space.

These areas are becoming more sought-after, and while they might currently offer more competitive pricing, their values are likely to rise as they become more established.

For those looking to buy, focusing on the traditional heart of Stoneybatter or the quieter streets near Phoenix Park can be a wise choice. These areas offer a mix of the quintessential Stoneybatter atmosphere and a good investment opportunity due to their popularity and potential for growth.

On the contrary, areas immediately adjacent to major traffic routes or farther from the neighborhood's central amenities might not offer the same appeal. While these might be more affordable, they could lack the quintessential Stoneybatter charm and community feel, which are significant factors in the neighborhood's appeal.

Additionally, properties in these areas might not experience the same level of demand or price appreciation as those in more central or up-and-coming parts of Stoneybatter.

Here is a summary table to help you visualize better. If you need more detailed data and information, please check our property pack for Ireland.

Area	Atmosphere	Property Types	Price Range	Comments
Manor Street / Stoneybatter Main Street	Lively, Urban	Victorian Townhouses	Higher	Heart of Stoneybatter, close to cafes and shops
Oxmantown Road / Kirwan Street	Quiet, Residential	Victorian Townhouses	Moderate	More subdued, balance of tranquility and urban living
Near Phoenix Park (e.g., Aughrim Street)	Up-and-coming, Peaceful	Varied	Competitive, likely to rise	Close to green spaces, growing in popularity
Adjacent to Major Traffic Routes	Less Desirable	Varied	Lower	May lack Stoneybatter charm, lower demand

Don't lose money on your property in Dublin

100% of people who have lost money in Ireland have spent less than 1 hour researching the market. We have reviewed everything there is to know. Grab our guide now.

Is there a strong rental demand in Stoneybatter?

Stoneybatter has indeed witnessed a strong rental demand, shaped by its unique neighborhood characteristics and its appealing location.

In terms of rental types, Stoneybatter experiences demand for both short-term and long-term rentals, but the focus is more on long-term tenancies. This trend is driven by the area's popularity among young professionals, small families, and students, who typically seek stability and a sense of community in their living arrangements.

The target demographic for rentals in Stoneybatter is quite diverse. Young professionals are particularly drawn to the area due to its proximity to Dublin city center, vibrant lifestyle, and the sense of a close-knit community.

These renters often look for one or two-bedroom apartments or small houses, prioritizing properties that are well-maintained and close to local amenities like cafes, pubs, and public transport. Small families are also attracted to the area, often seeking slightly larger properties with two or more bedrooms, preferably near good schools and parks, like those close to Phoenix Park.

Students form another significant segment of the rental market in Stoneybatter, especially those attending nearby institutions like Trinity College Dublin and the Dublin Institute of Technology. They typically look for affordable shared housing options, such as apartments or houses with multiple bedrooms.

In terms of specific areas within Stoneybatter, properties near the main streets like Manor Street and Stoneybatter Main Street are in high demand due to their accessibility to shops, restaurants, and public transportation.

Certain amenities can significantly reduce vacancy rates in rental properties. Features like modern appliances, reliable internet connectivity, and proximity to public transport are highly valued. Properties that offer these amenities tend to attract tenants more quickly and retain them for longer periods.

Regarding potential returns on investment, properties in Stoneybatter can offer attractive yields, especially given the area's rising popularity and limited housing supply.

While specific numbers can vary, rental yields in Stoneybatter could range from 4% to 6%, depending on the property type, location, and condition. It's worth noting that well-maintained properties in prime locations near amenities are likely to yield higher returns.

Currently, apartments and smaller houses are seeing increasing demand in the rental market, which could potentially offer better yields. This trend is driven by the rising number of young professionals and students in the area who favor these types of properties for their affordability and convenience.

Make sure you understand the real estate market in Dublin

Don't rush into buying the wrong property in Ireland. Sit, relax and read our guide to avoid costly mistakes and make the best investment possible.

Is it easy to buy a property as foreigner in Stoneybatter?

Before we answer the question, please know that we have an article dedicated to the experience of buying real estate as a foreigner in Ireland.

Buying property in Stoneybatter, Dublin, as a foreigner is relatively straightforward, but there are certain nuances and considerations that you should be aware of.

Firstly, in Ireland, there are no specific regulations or restrictions that apply exclusively to foreign buyers. This means that as a foreigner, you have the same rights to purchase property as locals do.

However, it's important to be aware of general property buying regulations and tax implications, which apply to all buyers regardless of nationality.

The purchasing process in Stoneybatter is similar to other areas in Dublin and Ireland. It typically involves finding a property you're interested in, making an offer, and once the offer is accepted, going through the legal process of property transfer.

This process includes hiring a solicitor to handle the legal aspects, conducting a property survey, and finalizing the mortgage details if you're taking a loan.

One of the primary risks associated with property investment in Stoneybatter, as with any property investment, is the market volatility. Property prices can fluctuate based on a variety of factors including economic conditions, interest rates, and local market dynamics.

Additionally, being a popular and trendy area, Stoneybatter might experience higher property prices compared to less popular areas in Dublin, which could affect your investment return.

Classic pitfalls or common mistakes in the Irish property market often involve underestimating additional costs such as stamp duty, legal fees, and potential renovation costs. Particularly unique to Ireland is the importance of a thorough property survey, as some older properties, which are common in Stoneybatter, may have structural issues or require significant maintenance.

Working with a local real estate agent or lawyer is highly recommended, especially for foreign buyers. A local agent can provide valuable insights into the Stoneybatter market and help navigate the complexities of the buying process.

A solicitor is crucial for ensuring all legal aspects are correctly handled, including title transfer and compliance with local property laws.

Common exit strategies for property investors in Stoneybatter include renting out the property, which can be lucrative given the high demand for rental properties in the area, or reselling the property, potentially after renovating or upgrading it to increase its value.

Given the area's popularity and growth, both strategies can be effective, but they depend on market conditions and individual investment goals.