01 Mar 2017
Castles, yachts, watersports, great restaurants, a nice beach and a buzzing social scene.... What's not to like about Malahide?
From a home-buyers point of view the only thing, perhaps, is the relatively high price of property due to the aforementioned factors. If you want to live in the style of locals Ronan Keating, Cecilia Ahern and U2's The Edge and Adam Clayton, you'll have to pay for the privilege. Brendan Gleeson may have notched up less than seven figures for his five-bed semi on Dublin Road*.
But that was in 2012, at the bottom of the property market. (Brendan didn't mind, though – he was trading up to a €3m pad just down the coast in Howth).
"There's no such thing as bad area in Malahide. There may be older areas, where some homes need refurburbishment, which is factored into the price," says John Daly, the local EBS branch manager. These days, the market has moved on and you'd expect to pay somewhat north of a cool million for a detached pile in Malahide to match Hollywood-style pay packets.
But there are also lots of homes at more down-to-earth prices (at least by the standards of the Dublin property market.) The Waterside development on the Swords side of Malahide had 3-beds from €340k, as we went to press (Accessed March 2015). But if you want to be close to the seaside, expect to pay over €400k, John advises. Sizeable new three-beds at Robswall cost €420k. Another €10k on top of that would buy a slightly bigger second hand-home on the Estuary on Myhome.ie.
Meanwhile, a four-bed detached home measuring 1,520 square feet on Waterside Crescent was priced at €470k.
A development of new four-bed homes at Beechwood, Hazelbrook had a price tag of €950k as we went to press. These four-beds measured a mansion-sized 3,000 square-feet.
What's best for First time buyers
A one-bed apartment in Malahide Marina would set you back over €200k. But at least that's inside the threshold for 10% First Time Buyer deposits – and that sea view should help the property to hold its value. Two bed apartments in both Robswall and Malahide Marina were priced at €325k apiece.
Malahide for Families
There aren't that many secondary schools in Malahide but there are several in nearby Swords and Portmarnock. The main local one is the inter-denominational Malahide Community School, which is much in demand, according to John. "Anyone with a Malahide address can apply to send their children there," he adds.
At nearly 19km from the city centre, you may need to allow a half-hour driving time into town, and a lot more during rush-hour. However, Malahide is well-served by the DART and buses, including the 42, 102, 32X and 142 peak-hour express service. It's also within reach of the 42N Nite-Link route.
Before you go house hunting it's a good idea to get your mortgage arranged – or at least discussed so you know where you stand.
If you'd like to talk through your mortgage options book a 30 Minute Mortgage Meeting with John or one of his colleagues in the EBS, The Diamond, Malahide (Tel: 01 8452752). You can also use our mortgage calculator to find out how much you may be able to borrow.
Why not pay us a visit on our Facebook page for more great house-hunting tips, home living advice, or just for some general merriment?
John Daly Financial Services Limited trading as EBS Malahide is a tied mortgage agent acting solely on behalf of EBS d.a.c. EBS d.a.c. is regulated by the Central Bank of Ireland.
The content of this blog is expressed in broad terms and is limited to general information purposes only. Readers should always seek professional advice to address issues arising in specific contexts and not seek to rely on the information in this blog which does not constitute any form of advice or recommendation by EBS d.a.c.
EBS d.a.c. neither accepts nor assumes any responsibility in relation to the contents of this blog and excludes all warranties, undertakings and representations (either express or implied) to the fullest extent permitted under applicable law.
*If we mention celebrities, we're not saying they love us. They secretly might, but it doesn't mean they endorse us.
House Prices taken from MyHome.ie accessed March 2015.