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Why Dundalk is the perfect place to buy a house

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02 Mar 2017

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Dundalk has always been a town of strategic importance. As a gateway to the north, the area is the setting for the classic tale of Irish mythology: The Cattle Raid of Cooley.

Many of the extraordinary feats of Cu Chullain took place in local river crossings. And later in its history, the town was fortified by the Normans as the most northerly outpost of the Pale, a bulwark against the then-rampaging northern chieftains.

Thankfully, things are a lot quieter now in Ireland's second-biggest town!

Multinational companies in Dundalk

Dundalk now hosts "some of the world's most advanced companies, including PayPal and eBay," says local EBS branch manager Alan Sweeney.

 

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But, this high-tech industry stands in contrast to the spectacular backdrop of the wildly scenic Cooley Mountains.

So Dundalk is ideal if you want a job in a first rate multi-national right next to the mountains and the sea and with highly affordable and appealing property to boot, says Alan.

And Dundalk has had its fair share of celebs too. Famous natives include The Corrs, actor and comedian Deirdre O'Kane, rugby stars Dave and Rob Kearney and John Moore, director of several Hollywood films including Max Payne and Behind Enemy Lines*.

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Great value property in Dundalk

The average asking price for a home in Dundalk is €187,000, a rise of 1.4 percent on the previous quarter according to figures released by the Real Estate Alliance.

Yet average prices never tell the whole story. And it should be stressed that you can pay a lot more – or a lot less – for a home in Dundalk. Alan recalls approving a mortgage for a property that cost just €16,000. But equally, you could pay nearly €600k for a five-bed in the sought-after Blackrock area.

"The most prestigious addresses are Marlmount, Red Barns Road, and Belfry...in fact anything on the Dublin Road side of town," Alan says.

Myhome.ie (accessed May 2017) had 97 properties for sale in the Dundalk area, so there is plenty of choice – and yet again there are stark contrasts in price. The cheapest home was a three-bed terraced home in need of renovation and priced at €70,000. And there are 13 other two-and three-bed terraced homes in the town for less than €100,000 (sometimes a lot less).

A three-bed semi-D won't cost that much more. And for less than the price of an average home in South Dublin, you could get a pretty spectacular mansion here. A 3,300 square-foot Georgian mansion on 1.5 acres – and in nice condition - at Inniskeen, for example, was priced at just €375,000 on MyHome.ie.

Home by the sea in Dundalk

And to the east, looking out on Dundalk Bay, there is always the seaside. "A lot of people would like to live by the sea. There's a beach with a lovely promenade at Blackrock," Alan notes.

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According to Alan, prices go as high as €575k for a four-bed detached home on Rock Road. But there was another four-bed detached at nearby Beech Park for half that price, and you could also get a three-bed overlooking the sea for €150k, albeit one in need of a little refurbishment.

Dundalk: Where's best?

Dundalk for First Time Buyers

Dundalk is a First Time Buyer's paradise with plenty of homes priced under €100k.

"If you want a bargain check out Bay Estate, Avenue Road, Loughantarve, Knockbridge, and Knockshee on the old Golf Links Road," says Alan.

Alan also recommends Lis Na Dara and Carlinn Hall as up-and-coming areas.

Dundalk for commuters

Practically equidistant from Dublin and Belfast - about an hour's drive from each – Dundalk is a commuter town for both cities. The train takes about the same time but can be "chock-a-block", warns Alan. The areas he recommends as best for commuting include: Carrick, Loughantarve, The Loakers, Carlinn Hall and Lis na Dara.

Dundalk for families

There are plenty of schools in the Dundalk area. There are 17 primary schools including Gaelscoil Dhún Dealgan if you prefer your kids to speak the native tongue of local hero Cu Chulainn.

There are also 9 secondary schools, again including one Gaelscoil. Family-friendly areas close to schools are Bay Estate, Avenue Road, Lis na Dara, and the Red Barns Area.

Thinking of buying a house in Dundalk?

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.

If you'd like to talk through your mortgage options book a 30 Minute Mortgage Meeting with Alan Sweeney or one of the team in the EBS Dundalk Office. You can use our mortgage calculator to find out how much you may be able to borrow.

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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?

 

Alan Sweeney Financial Services Limited trading as EBS Dundalk 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 May 2017.

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