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7 things to know before buying a home in Lucan

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26 Jun 2017

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Lucan shot to fame after a sulphurous spring was discovered there in 1758, with people travelling to the spa from all over to seek a cure for a variety of ailments. The spa would go on to be a major visitor attraction and it would later be turned into a health resort called the Old Lucan Spa Hotel.

The town’s most famous export is doubtless local boys John and Edward Grimes, otherwise known as Jedward.* The twins shot to fame on X-Factor before launching a successful music career, representing Ireland at Eurovision and presenting their own TV shows.

Lucan is also home to what’s believed to be the oldest standing bridge in Ireland. King John’s Bridge spans the Griffeen River and it was built over 800 years ago (they certainly knew how to build a bridge back in those days!)

But there’s more to Lucan than spas, popstars and ancient bridges – there’s plenty for home buyers too.

Property prices in Lucan

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Lucan has a varied property selection so prices can vary greatly. There’s something for everyone, from first time buyers to people looking for larger detached properties.

“Lucan is a very diverse area so there is a wide variety of property prices for people,” said Declan Martin, Manager of EBS Lucan. “For example, we did a mortgage for a person for €160,000 and we’d a client that was buying a place for €1.5million at the same time.”

A quick look at Daft.ie shows prices ranging from €149,950 for a 3-bed apartment in Foxborough Road to €760,000 for a 4-bed detached house in a new development in Rokeby Park.

Property trends in Lucan

“We’ve a good mix of customers so we’ve a huge base of both first time buyers and second time buyers,” says Declan. “We also have a lot of trader uppers, negative equity traders and self builds as well.”

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Unsurprisingly, 3-bed semi-detached properties are in huge demand and sell quickly. Self-builds are also a popular option for many people in the area. The Lucan office attracts a lot of customers from Celbridge and Leixlip who want to build their own house.

Declan points out that people who buy a site for €100,000 and build for another €200,000 spend €300,000 but that the finished property is has a greater market value when it’s finished. Although he adds that self-builds can be stressful and not everyone wants to do it.

Another trend has been for traders down to sell family homes for something that’s more manageable, and many of them will stay in the Lucan area. Some live primarily in holiday homes but buy a smaller residence in Dublin to retain contact with family and friends.

Lucan for commuters

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“It’s handy to get into Dublin City Centre from here,” says Declan. “Lucan’s just off the M50 so we’ve people who go to the North and South of Dublin as well.” Commuters who don’t want to drive can get into town in 30 minutes and choose from a regular bus service, rail connections or express buses.

Lucan is close to the Grange Castle Business Park, which hosts big companies like Google, Microsoft, Aryzta, Takeda, Interxion, Pfizer and Grifols. The likes of Intel in Leixlip and the Blanchardstown Centre are also major employers that are easily accessible from Lucan.

Lucan for families

Lucan is a maturing area that offers a great location for families or anyone looking to put down roots and areas like Adamstown remain popular family areas. There are lots of attractive estates but competition can be fierce for family homes.

“It’s definitely a very family-orientated village,” says Declan. “The local business people, residents’ associations and community groups are very proactive in keeping Lucan a nice and desirable place to live and visit. There’s accessibility to the city but also to the rest of the country as well. It’s an ideal location.”

There are a range of local schools but city centre schools are also a viable option for local students. Family friendly activities in the area include the likes of the annual Lucan Festival.

Amenities in Lucan

Lucan residents can reap all the benefits of city living, with the city centre just a short distance away. It is also a self-contained community that offers everything you need.

The Liffey Valley Shopping Centre is just down the road and Phoenix Park is another fantastic amenity that’s in close proximity. It has parks, a leisure centre, golf courses, a skatepark and sports clubs that offer GAA, soccer, rugby, martial arts, boxing, athletics, basketball and American football.

Mortgage advice available anytime (and anywhere in Lucan)

EBS Lucan has recently engaged a mobile mortgage advisor who can meet customers out of hours and travel out of the office to meet them. How’s that for service, eh? It’s never been easier to get a mortgage meeting.

“I’d say to anyone who’s even thinking about buying a house to make contact as soon as possible,” says Declan. “We walk them through the entire process and show them how the underwriters assess them. So by the time they apply for a mortgage, they know exactly what they need to do.”

“We’ve a new mobile manager who goes out to the clients and meets them to make it more convenient,” adds Declan. “We’ve got a lot of clients looking for evening or weekend appointments.

We can also meet them outside the office in a place that’s closer to their work.”

Lucan is a growing area

Lucan’s population was 12,451 in 1976 but this ballooned to 45,861 in 2011. Lucan is now divided into old and new Lucan, which divides the town into the traditional communities and the newer developments that have sprung up in recent times.

The popular town has gradually been transformed from a satellite town into a suburb on the outskirts of the city. As if all that wasn’t enough to convince you to buy in Lucan, surely the possibility of running into Jedward in your new neighbourhood is a deal breaker!

Thinking of buying a house in Lucan

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If you’re thinking about buying a house, it pays to have your mortgage approved – or at least know what you can afford. 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 Declan or one of the team. You can also use our mortgage calculator to find out how much you may be able to borrow.

Don’t forget to visit our Facebook page for the latest home inspiration, news and great competitions.

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Betty Martin Financial Limited Finance Limited trading as EBS Lucan 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 Daft.ie accessed July 2016.

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