Photograph 1 of 70 of 15 & 16 Dufferin Avenue, Dublin 8, South Circular Road
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15 & 16 Dufferin Avenue, Dublin 8, South Circular Road

€2,595,000

BER B2

What you'll like:

  • Substantial rental income: Generating a combined total rental income of €215,364 annually, this investment provides immediate cash flow for a buyer looking to secure yield right from acquisition without an initial void period.
  • Attractive gross yield: The offering delivers an appealing gross yield of 8.29% based on the €2,595,000 asking price, representing a strong return profile compared to standard residential buy-to-let properties in the wider Dublin market.
  • Tenanted investment profile: All ten units are currently tenanted, minimizing the immediate risk of vacancy and ensuring uninterrupted rental streams while the new owner formulates longer-term asset management or asset upgrading strategies.
  • Desirable city location: Situated in Dublin 8 near the South Circular Road and Portobello, the properties benefit from exceptional proximity to Dublin City Centre, making them permanently attractive to prospective tenants seeking urban convenience.
  • Proximity to higher education: Located approximately 350 metres from Griffith College Dublin, the site enjoys a consistent and reliable pool of student and academic tenant demand supporting high occupancy levels year-round.
  • Healthcare sector proximity: Positioned just 1.2 kilometres from St. James's Hospital, the properties offer ideal accommodation for medical staff and hospital personnel seeking short commutes to a major local employment hub.
  • Multi-unit diversification: Comprising two adjacent mid-terrace structures divided into ten separate units, the asset spreads rental income risk across multiple tenancies rather than relying on a single tenant lease.
  • Pre-63 heritage potential: As Pre-63 structures, the properties offer historical multi-unit configuration advantages that can facilitate specific management frameworks, though a buyer must verify current planning compliance.
  • Generous total floor area: Extending to approximately 376 square metres in total, the buildings provide substantial physical space across ground, first, and second floors to accommodate ten individual residential spaces efficiently.
  • Reversionary upside potential: The listing highlights clear reversionary potential, giving an astute investor the opportunity to increase rental income over time through strategic unit refurbishments and lease restructuring initiatives.
  • Strong local amenity access: Residents enjoy effortless walking distance access to a comprehensive host of retail, dining, leisure, and community amenities, significantly enhancing the lettability and long-term attractiveness of every individual unit.
  • Excellent public transport: The location benefits from outstanding connectivity via numerous Dublin Bus routes operating along the South Circular Road, ensuring effortless commutes for tenants traveling across the metropolitan area.
  • Stable asking price strategy: The recorded asking price history shows a stable posture at €2,595,000 without erratic price adjustments, suggesting a vendor holding firm to their valuation expectations in the current market.
  • Energy rating compliance: Achieving a B2 BER rating across the buildings indicates good thermal efficiency, which helps reduce tenant utility friction and supports future regulatory compliance regarding residential energy standards.
  • Compact unit sizing: Ranging from approximately 18 to 64 square metres, the units cater directly to the high-demand single professional and student rental segments seeking affordable, manageable urban accommodation choices.
  • Terraced asset cluster: Owning numbers 15 and 16 side-by-side on Dufferin Avenue allows for centralized property management, streamlined maintenance operations, and simplified oversight of common building elements and waste management.
  • Established rental enclave: The South Circular Road and Portobello districts are long-established residential enclaves with proven historical demand, protecting the underlying real estate value for long-term investors.
  • Walking distance employment: Beyond hospitals and colleges, the short distance to the central business district opens up massive employment catchment areas for occupants, ensuring resilient ongoing demand characteristics.
  • Clear scaling opportunity: Acquiring ten units in a single transaction allows an investor to achieve immediate portfolio scale in the capital without navigating multiple separate purchase contracts and closing processes.
  • Future capital appreciation: Given the ongoing urban regeneration and strong demand profile of Dublin 8, the property holds strong fundamentals for long-term capital appreciation alongside robust operational cash flow yield.

But keep in mind:

  • High capital commitment: The steep asking price of €2,595,000 requires substantial upfront equity and debt structuring, meaning a buyer must carefully evaluate their cost of capital against the 8.29% gross yield.
  • Pre-63 compliance verification: The buyer should independently verify that all ten units comply fully with current fire safety, building control, and planning regulations, as historical Pre-63 status does not automatically exempt properties from modern standards.
  • Tenant lease review: A thorough due-diligence review of all ten existing tenancy agreements is essential to confirm rent control compliance, security of tenure status, and whether current rents are sitting below statutory limits.
  • Potential capital expenditure: Upgrading units from their current condition to capture the advertised reversionary potential will likely require significant capital expenditure, which should be factored into the total acquisition budget.
  • BER rating verification: Given that multi-unit configurations can exhibit varying thermal efficiencies per dwelling, the buyer should inspect the individual BER certificates across all ten units to ensure the B2 rating applies uniformly.
  • Rent pressure zone caps: The properties are located in a designated Rent Pressure Zone, strictly limiting the landlord's ability to raise rents annually and requiring careful legal verification of any previous rent increases.
  • Lack of detailed floor breakdowns: The marketing details do not provide individual room dimensions or specific square meterage for each of the ten units, making it vital to measure and inspect every space before bidding.
  • Maintenance liability risks: Owning two older multi-tenant buildings exposes the investor to ongoing wear-and-tear maintenance liabilities, shared hallway upkeep, and potential common area refurbishment costs.
  • Financing approval hurdles: Securing commercial or investment mortgage financing for a multi-unit Pre-63 block can involve stringent lender requirements, higher interest margins, and rigorous property valuation underwriting.
  • Management intensity overhead: Managing ten individual residential tenants requires active oversight or the appointment of a professional property management agent, which will eat into the net rental yield returns.
  • Static price stance risks: The unchanged asking price history indicates the seller may be inflexible on negotiations, requiring the buyer to assess whether the asset is fully valued at the €2,595,000 asking level.
  • Waste management logistics: Providing adequate bin storage and waste collection logistics for ten separate units on a residential street requires careful management to avoid local authority or neighbour disputes.
  • Sound insulation standards: Multi-unit conversions in older terraced buildings can suffer from poor sound insulation between adjacent units and floors, potentially leading to tenant turnover and noise complaints.
  • Fire safety upgrade costs: Compliance with modern fire safety regulations in multi-unit rental buildings often mandates costly upgrades such as fire doors, alarm systems, and emergency lighting that the buyer must inspect.
  • Bathroom and kitchen adequacy: The buyer should inspect the sanitary and cooking facilities in each of the ten units to ensure they meet minimum rented accommodation standards without requiring immediate costly replacements.
  • Limited parking availability: Dufferin Avenue offers restricted residential parking options, which may present a disadvantage for tenants with vehicles and could impact future rental demand or tenant retention.
  • Insurance cost premiums: Securing landlord insurance for a multi-unit residential investment comprising ten tenancies in older structures can attract higher premium rates and policy conditions that require advance quoting.
  • Hidden structural defects: Older terraced housing stock can conceal latent structural issues such as damp, timber rot, or roof degradation, making a comprehensive structural survey an indispensable pre-purchase requirement.
  • Exit strategy liquidity: Selling a portfolio of ten units held across two interconnected Pre-63 properties as a single block limits the pool of future buyers to institutional or high-net-worth investors.
  • Utility metering arrangements: The buyer must verify whether electricity and heating utilities are separately metered for all ten units or if the landlord bears ongoing exposure to tenant utility usage costs.

Price positioning

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This comparison depends on limited public and listing evidence, which may be incomplete, outdated or not directly comparable. The score is not a percentage, professional valuation or guaranteed estimate. Ask an independent qualified valuer before relying on a property value.
The asking price appears broadly in line, with a slight overvaluation signal.
  • The asking price appears fairly valued or slightly conservative when evaluated against its robust current rental income and strong gross yield of over eight percent for a multi-unit residential investment situated within a very popular urban location.
  • Valuation signals are driven by the scale of ten units across two terrace properties spanning a substantial total floor area, offering immediate cash flow alongside clear reversionary potential in a supply-constrained rental market near educational institutions.
  • Downside risks that could undermine this price include heavy regulatory compliance burdens associated with older multi-unit configurations and potential tenant management overheads, whereas upside support stems from sustained high demand for central rental accommodation.
  • Relevant market dynamics include the fixed asking price history showing stability since tracking began, pointing towards a firm seller expectation aligned with institutional or professional investor appetite rather than speculative residential buyers.

Build Analysis

What we know from similar construction types

  • The properties comprise two adjacent mid-terrace Pre-63 buildings configured into a total of 10 residential units, spanning ground, first, and second floors.
  • Given the Pre-63 multi-unit classification, buyers should thoroughly investigate fire safety compliance, sound insulation between units, and ventilation standards across all 10 apartments.
  • Planning compliance and the formal legalization of the multi-unit division should be verified by legal counsel to ensure the structure fully conforms to current planning permissions and building regulations.
  • The overall structural integrity of the mid-terrace structures should be professionally assessed, including checks for dampness, roof condition, and the adequacy of shared party walls.

Heating cost*

Estimated expense to heat this property every year

  • Estimated annual heating cost: €4,000 to €7,000.
  • Given that the properties comprise 10 separate residential units across approximately 376 sq. m. with a B2 BER rating, heating usage will depend heavily on tenant occupancy, individual unit controls, and heating types (electric vs. gas). This is a broad estimate for running multiple independent dwelling spaces.

Pollution Safe

8/10

Environmental situation to investigate

  • The property is located in an established urban residential area generally free from heavy industrial plants, large incinerators, or active major landfills.
  • Any historical urban industrial uses nearby should be independently verified by prospective buyers as part of standard due diligence.

Flood Safe

7/10

Water overflow reports to follow up

  • The general locality is within an urban setting with standard municipal drainage infrastructure, though specific pluvial or fluvial flood risks should be checked against official local authority maps.
  • Buyers should consult detailed OPW (Office of Public Works) flood mapping for the immediate South Circular Road and Portobello corridor to confirm risk levels.

Recent Local Sales

Verified residential transactions published in the previous five years

Sales on the same street or estateExtra effort was used to find nearby sales here

  • 26 DUFFERIN AVE, S C R, DUBLIN 8

    Sale date
    Declared sale price
    €853,000.00
  • 55 DUFFERIN AVE, CIRCULAR RD SOUTH, DUBLIN 8

    Sale date
    Declared sale price
    €960,000.00
  • 8 DUFFERIN AVE, CIRCULAR RD SOUTH, DUBLIN 8

    Sale date
    Declared sale price
    €800,000.00
  • 37 DUFFERIN AVE, DUBLIN 8, DUBLIN

    Sale date
    Declared sale price
    €500,000.00

Recent sales in the wider Dublin 8 area

  • 17 CATHERINES CLOSE, CARMANS HALL, DUBLIN 8

    Sale date
    Declared sale price
    €350,000.00
  • 23 ST JAMES WOOD, SOUTH CIRCULAR RD, DUBLIN 8

    Sale date
    Declared sale price
    €418,000.00
  • 17 REUBEN ST, DOLPHINS BARN, DUBLIN 8

    Sale date
    Declared sale price
    €670,000.00
  • 46 TYRCONNELL PARK, INCHICORE, DUBLIN 8

    Sale date
    Declared sale price
    €752,525.00
  • 5 DONORE RD, CIRCULAR RD SOUTH, DUBLIN 8

    Sale date
    Declared sale price
    €685,000.00

Source: Property Services Regulatory Authority (PSRA), Residential Property Price Register (PPR). Matching uses address information published by the PPR rather than measured map distance. It may omit nearby properties on differently named streets.

Last Sale

A confidently matched previous PPR transaction for this property

No confidently matched previous sale was found in the Property Price Register.

Buyer fees*

Associated expenses guide

  • Solicitor legal fees: Approximately €3,000 to €6,000 plus VAT and outlay, varying depending on the complexity of the multi-unit Pre-63 structure.
  • Land registration fees: Approximately €800 to €1,500 depending on the property value and registry filings.
  • Property valuation fees: Approximately €150 to €300 for a standard valuation report required by lenders.
  • Surveyor fees: Approximately €1,500 to €3,000 for a thorough structural and condition survey of the two multi-unit properties.
  • Annual home insurance: Approximately €1,200 to €2,500 per year, depending on the chosen coverage and multi-unit commercial/residential landlord policy terms.

Forum Talk

What people are saying about this area

  • Locals on neighborhood forums frequently highlight the vibrant community atmosphere and excellent walkability of the Portobello and South Circular Road areas.
  • Residents often discuss the high demand for rental accommodation in the vicinity due to the close proximity of Griffith College Dublin and various healthcare facilities.
  • Traffic calming measures and cyclist safety along the South Circular Road are common topics of discussion among local community groups.
  • Proximity to Dublin City Centre and local cafes, restaurants, and retail amenities makes the neighbourhood highly regarded for urban convenience.

LifeFit Assessment

How well this property may suit your lifestyle

Family

7 areas
  • Young Children

    This property comprises a multi-unit residential investment of ten separate apartments across two terrace buildings rather than a single family home. It lacks traditional private gardens or family-oriented internal spaces suited for young children.

    3/10
  • Teenagers

    While the Dublin 8 location offers proximity to the city centre and educational facilities, the layout consists of ten individual investment units rather than a cohesive household environment appropriate for teenagers.

    3/10
  • Multi-generational Living

    The asset is currently arranged as ten tenanted apartments across two buildings. While it offers multiple separate units, they are structured as an investment portfolio rather than a single multi-generational family home.

    3/10
  • Single Buyers

    With an asking price of €2,595,000, this multi-unit residential investment is positioned well beyond the budget of typical single homebuyers looking for a residential dwelling.

    2/10
  • Couples

    This is a commercial residential investment opportunity comprising ten tenanted units, making it unsuitable for a couple seeking a home to occupy.

    2/10
  • Empty Nesters

    The property is sold as an entire multi-unit investment rather than a single manageable downsizer property for empty nesters.

    2/10
  • Retirees

    Managing a ten-unit multi-tenant residential investment requires active landlord responsibilities, which may not align with the goals of retirees seeking a relaxed lifestyle.

    2/10

Work

3 areas
  • Remote Working

    The units are fully tenanted, but individual apartments could theoretically accommodate remote working for tenants depending on their specific layout and size.

    6/10
  • Hybrid Commuting

    With Dublin City Centre within walking distance and excellent public transport connectivity including Dublin Bus routes, hybrid commuting is exceptionally convenient.

    9/10
  • Retired

    As an income-generating multi-unit residential investment property, it functions as a commercial asset rather than a retirement residence.

    3/10

Practical

8 areas
  • Ageing in Place

    The properties are multi-story pre-63 terrace conversions containing multiple compact units, which are generally unsuited for lifetime ageing-in-place adaptations.

    2/10
  • Low Maintenance

    Managing ten separate tenanted residential units across older pre-63 structures requires ongoing landlord oversight and property maintenance.

    4/10
  • Secure Gated Entry

    The property consists of standard mid-terrace street-facing buildings without dedicated secure gated entry systems.

    3/10
  • Minimalist Design

    The units range in size from compact spaces which inherently require minimalist living arrangements due to their footprint.

    5/10
  • Flexible Floor Plans

    The buildings are structurally partitioned into ten distinct pre-63 apartments, offering limited flexibility without substantial reconfiguration.

    3/10
  • Heritage Home

    Being pre-63 terrace properties, the buildings possess traditional period characteristics typical of older Dublin residential stock.

    6/10
  • Ecological Setup

    The property achieves a B2 BER rating, indicating a relatively high level of energy efficiency for pre-63 converted structures.

    6/10
  • Outdoor areas

    The dense urban terrace setup provides minimal or no private outdoor gardens for the individual units.

    2/10

Interests

9 areas
  • Gardening

    The buildings consist of mid-terrace pre-63 properties divided into ten units, offering minimal private green space or traditional gardens.

    2/10
  • Walking

    The central Dublin 8 location offers excellent walkability to local shops, dining, Portobello, and the city centre.

    8/10
  • Gym

    Being close to the South Circular Road and Dublin city centre ensures convenient access to various urban fitness centres and gym facilities.

    7/10
  • Cycling

    The flat terrain and inner-city location make cycling a highly viable commuting and recreational option.

    8/10
  • Golf

    While golf courses exist within the wider Dublin region, immediate access from this inner-city residential investment is limited.

    4/10
  • Fishing

    Inner-city Dublin offers limited immediate opportunities for fishing, though the Grand Canal is relatively nearby.

    2/10
  • Horse Riding

    Equestrian facilities are not a feature of this densely built urban investment location.

    1/10
  • Water Sports

    Water sports are restricted to clubs and facilities requiring travel toward the coast or the River Liffey further out.

    3/10
  • Entertaining

    The property is configured as ten individual rental units rather than a single residence equipped for hosting guests or entertaining.

    4/10

Lifestyle

5 areas
  • Quiet Living

    Situated on Dufferin Avenue off the South Circular Road in Dublin 8, the location is relatively established and residential, though urban proximity and ten separate tenancy units introduce inherent local activity.

    5/10
  • Rural Living

    The property is located in an inner-suburban Dublin setting within walking distance of the city centre, offering an entirely urban environment rather than rural living.

    1/10
  • Village Living

    Proximity to Portobello and local amenities provides a neighborhood village feel within the broader urban landscape of Dublin 8.

    6/10
  • Coastal Living

    The location is landlocked in the south inner city of Dublin, with no immediate coastal proximity.

    1/10
  • Urban Living

    Positioned within walking distance of Dublin City Centre, Portobello, and Griffith College, the property is exceptionally well-suited for high-density urban living and rental demand.

    9/10

Social

6 areas
  • Community Involvement

    The location benefits from an established neighborhood community in Dublin 8, though the property itself operates as a multi-tenant investment.

    5/10
  • Café Culture

    Proximity to Portobello and the south inner city provides access to a vibrant and growing café culture.

    8/10
  • Nightlife

    The central Dublin location places numerous pubs, restaurants, and entertainment venues within easy reach.

    8/10
  • Health/Wellness groups

    Urban health clubs, wellness studios, and medical facilities such as St. James's Hospital are located nearby.

    7/10
  • Networking Opportunities

    The central urban setting provides strong connectivity to Dublin's professional and commercial networks.

    7/10
  • Tech-Hub Connectivity

    Proximity to Dublin's city centre ensures excellent digital infrastructure and accessibility to major technology employers.

    8/10

Listing information

Agent
BidX1 Ireland Ltd
Phone
01 6673388
Published on HouseDelve
6 October 2026
Correction
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Property reference: HD-CB32ECHouseDelve · Republic of Ireland

Report checks

Sources used: Public marketplace, Property Price Register, and grounded web research where available.

Automated quality checks: Passed

Estimate — not advice. Actual costs and outcomes can vary materially. Obtain current quotations and professional advice before making financial or property decisions.