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Everything you need to know about buying a house in Tallaght

tallaght

01 Mar 2017

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Reasonable prices and a huge selection of homes are the main attractions of Dublin 24.

Around 200 properties were listed on Myhome.ie as we went to press in the area, (March 2015), which stretch as far as Wicklow in the south and Kildare to the west.

Prices ranged from a €99,000 3-bed in Jobstown, Tallaght, to €395,000 for a 4-bed semi in Ballycullen, Firhouse. In between, there are plenty of bargain buys, says Brian Carey, manager of the local EBS branch.

"The new Central Bank mortgage rules don't present a problem for buyers seeking a mortgage to buy a house in many parts of Tallaght. Most suitable properties are close enough to the €220,000 threshold for First Time Buyers (to require no more than a 10% deposit)", he explains.

"And many are not so dear that trader uppers have a problem coming up with 20% of the property value."

Major changes in Tallaght

The Dublin 24 area has undergone massive changes in recent decades. Tallaght was a village in 1966 with a population of 2,476. Now it's home to over 71,500 people and there are calls to officially designate it a city. If so, it would be the fifth biggest in Ireland, just behind Galway.

The area has also undergone sweeping changes in its fortunes and facilities since the 80s and 90s. It was rebuilt around a civic square that hosts the County Hall as well as a library, theatre and the 4-storey arts building Rua Red.

 

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Tallaght also became home to a major hospital, the National Basketball Arena, and Tallaght Stadium, where Shamrock Rovers FC play.

Tallaght property prices dropped as much as everywhere else in the financial crash. But a 2014 survey by the Real Estate Alliance showed it has picked up more than most recently. REA report that "although the rate of increase has slowed after a meteoric rise in Tallaght, the price of a 3-bed semi in the Dublin 24 suburb has increased by 37.5% since the start of the year (one of the biggest rises anywhere in Ireland)."

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It should be stressed that rise was from a low base and there are still relative bargains to be had compared to elsewhere in South Dublin.

Tallaght - Where's best for?

Tallaght for First Time Buyers

Dublin 24 is promising territory for First Time Buyers who want to get a rung on the property ladder. There were 49 properties priced under €150,000 in Dublin 24 on Myhome.ie as we went to press.

The joint-cheapest was a 3-bed end-of-terrace home on Kiltalawn Heights priced at €99,000. For low-cost buys, some parts of Ellensborough and parts of Jobstown are hard to beat in Dublin.

"Citywest also seems relatively good value and is proving very popular with buyers," Brian says.

Tallaght for families

Family homes are plentiful and fairly-reasonably priced (by Dublin standards) in Dublin 24.

Most sought after are Firhouse and Ballycullen, where three-beds have price tags from €325,000 to €395,000, but may sell for more depending on demand. A four-bed detached home in Ferncourt Park, Firhouse, with space for further extension was priced at €375,000. If you're looking for lower prices than that, check out the Kingswood and Belgard estates near the Naas Road, where 3-beds cost from €210,000 upwards.

"There are plenty of good properties at relatively reasonable prices in certain areas," says Brian.

Check out Schooldays.ie for a list of schools and league tables in the area. There are plenty of primary schools (41) primary as well as 7 (much larger) secondary schools in Dublin 24.

Tallaght for commuters

Tallaght is 13 km from Dublin City Centre but it is has good transport connections.

"It's just a 20 minute drive into the middle of town," says Brian.

The Red Line of the Luas meanders somewhat down the Naas Road but it will get you into town in 40 minutes. And there are also plenty of bus routes into the city centre.

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Thinking of buying a house in Tallaght?

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.

Get the ball rolling with our First Time Buyer and Next Time Buyer guides. You can also use our mortgage calculator to find out how much you may be able to borrow.

If you'd like to talk through your mortgage options book a 30 Minute Mortgage Meeting with Brian or one of the team in your local EBS office, Unit 217/218, The Square, Tallaght, Dublin 22 (Tel: 01 4515707).

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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?

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.

Norca Ltd trading as EBS Tallaght 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.

House Prices taken from MyHome.ie accessed March 2015.

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.

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