Photograph 1 of 11 of 2 x Apartments at Old Castle View, Kilgobbin Road, Dublin 18, Stepaside
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2 x Apartments at Old Castle View, Kilgobbin Road, Dublin 18, StepasideD18X326

€475,000

3 Bed~3 Bath~BER C1

What you'll like:

  • Dual unit portfolio: Purchasing two apartments together provides immediate diversification, reducing overall vacancy risk and enhancing your initial rental income potential across multiple tenancy agreements.
  • Strategic south Dublin location: Situated in a highly sought-after suburb approximately twelve kilometres south of the city centre, ensuring strong long-term tenant demand and sustained capital appreciation.
  • Convenient transit access: Located within a short walking distance of local LUAS tram stops, offering future residents rapid, reliable public transport connections directly into Dublin's commercial core.
  • Arterial road proximity: Positioned just moments from the M50 motorway interchange, providing exceptional vehicular connectivity for commuters travelling throughout the greater Dublin region and national road network.
  • Gated community setting: Set within a secure residential development, which typically enhances resident appeal, improves perceived safety, and can potentially support lower insurance risks and stable occupancy.
  • Partial vacant possession: One apartment offers vacant possession upon closing, allowing you the immediate flexibility to either move in yourself or independently source a new market-rate tenant.
  • Established residential neighbourhood: Nestled in a mature area surrounded by established communities, ensuring that local infrastructure, schools, and neighbourhood services are already fully developed and operational.
  • Proximity to major employment: Located approximately three kilometres from the Sandyford business district, creating an enormous captive pool of professional workers seeking convenient short commutes to major employers.
  • Extensive retail amenities: Close to major shopping destinations including a premier regional town centre, ensuring tenants enjoy effortless access to comprehensive retail, dining, and entertainment facilities nearby.
  • Healthcare access proximity: Positioned within easy reach of a prominent private hospital and advanced medical facilities, which is a desirable attribute for healthcare professionals and older demographic tenants alike.
  • Recreational options nearby: Surrounded by multiple golf courses and foothills scenery, offering outdoor enthusiasts exceptional leisure opportunities and appealing lifestyle benefits that attract quality long-term renters.
  • Educational links: Situated within reasonable reach of university campuses and established local schools, broadening your prospective tenant market to include academic staff, students, and growing families.
  • Diverse apartment mix: Comprising both a one-bedroom and a two-bedroom unit, allowing you to cater to different demographic segments ranging from single professionals to small sharing households.
  • Established rental income: Includes a pre-existing rent reservation on at least one unit, providing immediate cash flow generation from day one while you plan future portfolio management strategies.
  • Compact asset management: Owning two units within the exact same development simplifies property oversight, maintenance coordination, and routine contractor visits compared to managing widely dispersed individual properties.
  • Strong resale flexibility: Holding a multi-unit block or pairing provides future exit strategies, enabling you to sell the properties individually or as a single package depending on market conditions.
  • Public bus connectivity: Within close proximity to multiple established bus routes, offering alternative public transit options that enhance accessibility for tenants commuting without personal vehicles.
  • Rental yield optimization: Acquiring two units at a single headline price may present opportunities to optimize overall yields compared to purchasing single detached houses in the same parish.
  • Desirable suburban environment: Stepaside village offers a charming village atmosphere combined with modern suburban conveniences, making it an enduringly popular choice for renters seeking balanced lifestyles.
  • Future development potential: South Dublin continues to experience infrastructural investment and urban expansion, which should positively influence the long-term capital value of residential assets in this corridor.

But keep in mind:

  • Sub-optimal energy rating: The C1 BER rating indicates that energy performance is only moderate, meaning you should budget for potential insulation or heating upgrades to meet future efficiency standards.
  • Incomplete floor area data: Exact square meterage details were omitted from the listing data, requiring you to independently verify precise floor dimensions before finalizing your valuation and purchase price.
  • Partial income generation: With vacant possession on one unit, current rental income is restricted to a fraction of the portfolio's potential until you secure a new tenant for that apartment.
  • Management company fees: Being part of a managed apartment development means you will face annual service charges and potential special levies, which directly impact your net operating income yields.
  • Lease covenant restrictions: Multi-unit ownership within shared complexes is subject to stringent owners' management company rules regarding pet ownership, subletting, and structural modifications that could limit operational flexibility.
  • Capital expenditure exposure: Common areas, roofs, and exterior facades within the development require ongoing communal maintenance, and you may be liable for costly special assessments for major capital works.
  • Tenant vetting necessity: The incoming buyer must thoroughly investigate the lease terms, rent review history, and compliance status of the currently occupied unit to ensure adherence to local tenancy laws.
  • Rent pressure zone caps: The property is located in a designated rent restriction zone, which legally caps the frequency and percentage of rent increases you can apply to existing tenancies.
  • Future utility upgrades: Older apartment blocks in the region may require future electrical or plumbing overhauls to support modern EV charging and high-speed broadband demands from tenants.
  • Market liquidity risks: Purchasing a dual-apartment package requires significant capital outlay, and selling multi-unit portfolios can sometimes involve a more specialized, narrower pool of interested investors.
  • Local parking constraints: You must carefully verify the exact allocation of designated car parking spaces for each apartment, as unassigned or limited parking can severely reduce tenant appeal.
  • Acoustic insulation checks: Multi-story apartment living frequently involves noise transmission issues between floors, so you should investigate the soundproofing quality between units to prevent ongoing tenant disputes.
  • Waste management logistics: Verify how communal refuse and recycling facilities are managed within the development, as poorly organized waste areas can lead to pest problems and management disputes.
  • Insurance cost volatility: Securing comprehensive landlord and building insurance for multi-unit holdings can be increasingly expensive, particularly if the broader development has a history of claims.
  • Legal title complexities: Buying multiple units simultaneously requires rigorous legal due diligence to ensure title deeds, map boundaries, and apportionment of service charges are entirely correct and uncontested.
  • Fire safety compliance: Ensure the management company has fully certified the building's compliance with modern fire safety regulations and compartmentalization standards across all communal areas.
  • Elevator maintenance liabilities: If the buildings feature elevators, ongoing maintenance contracts and eventual replacement costs represent significant long-term liabilities for all apartment owners in the block.
  • Ground rent obligations: Check whether there are any outstanding leasehold ground rents or complex long-term lease structures that could complicate future refinancing or property resale transactions.
  • Local authority planning: Investigate nearby greenfield or infill development sites in Stepaside, as future construction activity could introduce temporary disruption, noise, and altered local traffic patterns.
  • Interest rate vulnerability: Relying on leveraged financing to acquire a multi-unit residential portfolio exposes your cash flow to fluctuations in commercial or investment mortgage interest rates over time.

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 looks moderately undervalued compared with the available evidence.
  • The asking price for this multi-unit residential investment opportunity appears notably attractive given that acquiring two separate apartments for this total figure translates to a low entry cost per unit in the current south Dublin market context.
  • Valuation signals supporting potential undervaluation include the combination of partial vacant possession alongside a secure gated community setting, though low current reserved rent indicates significant room for upward rental alignment post-acquisition to maximize yield potential.
  • Factors that could support this aggressive pricing level include strong underlying demand near Luas infrastructure and major employment hubs, whereas factors undermining it might involve complex multi-unit management structures or necessary upgrade expenditures to improve energy ratings.
  • Additional relevant considerations involve the strategic positioning of the portfolio near essential amenities such as Dundrum Town Centre and the M50 motorway, offering strong long-term capital appreciation prospects for astute residential property investors seeking scale.

Build Analysis

What we know from similar construction types

  • The property comprises a multi-unit investment opportunity consisting of two apartments (one 1-bedroom and one 2-bedroom) within a gated development.
  • Floor areas range from approximately 49 sq. m to 64 sq. m (527 sq. ft to 688 sq. ft).
  • Buyers should investigate the exact management company structure, current annual service charges, and sinking fund allocations for the development.
  • Verification of tenancy arrangements, compliance with rent pressure zone regulations, and the current rent reserved of 18,600 per annum alongside the vacant possession status of Apartment 3 is recommended.

Heating cost*

Estimated expense to heat this property every year

  • Estimated annual heating cost is approximately 1,200 to 1,600 euro.
  • Explanation: This is based on a C1 BER rating for the combined floor area of the two apartments, assuming standard energy usage patterns and current energy prices.

Pollution Safe

9/10

Environmental situation to investigate

  • The area is situated in a suburban residential setting near the foothills of the Dublin Mountains, generally far removed from heavy industrial zones.
  • No major localized landfill or prominent industrial incinerator concerns are prominently reported in immediate proximity to this residential development.

Flood Safe

8/10

Water overflow reports to follow up

  • The location sits at a relatively elevated position on the lower slopes of the Dublin Mountains, typically reducing surface water flood risks.
  • Buyers should verify local drainage networks and consult official OPW flood maps to confirm the exact status of surface water vulnerability.

Recent Local Sales

Verified residential transactions published in the previous five years

Sales on the same street or estate

  • 3 EL PINAR, KILGOBBIN RD, STEPASIDE DUBLIN 18

    Sale date
    Declared sale price
    €431,000.00

Recent sales in the wider Dublin 18 area

  • 2 SANDYFORD HALL GROVE, SANDYFORD, DUBLIN 18

    Sale date
    Declared sale price
    €885,000.00
  • 1 CRUAGH COURT, STEPASIDE, DUBLIN 18

    Sale date
    Declared sale price
    €711,000.00
  • 32 FOXROCK MANOR, FOXROCK, DUBLIN 18

    Sale date
    Declared sale price
    €1,315,000.00
  • APT 7 THE VIEW, CARRICKMINES MANOR, CARRICKMINES DUBLIN 18

    Sale date
    Declared sale price
    €360,000.00
  • APT 2 CAIRNBROOK VIEW, GLENAMUCK RD, CARRICKMINES DUBLIN 18

    Sale date
    Declared sale price
    €471,000.00

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 1,500 to 3,000 euro plus VAT.
  • Land registration fees: approximately 400 to 800 euro depending on the property value.
  • Property valuation fees: approximately 150 to 300 euro.
  • Surveyor fees: approximately 500 to 1,200 euro depending on the depth of the survey.
  • Annual home insurance: approximately 350 to 700 euro.

Forum Talk

What people are saying about this area

  • Residents frequently discuss the convenience of the nearby Glencairn LUAS stop for commuting into Dublin city centre.
  • Local forums highlight the ongoing development and growth of Stepaside village, noting improvements to local amenities and shops.
  • Traffic congestion around the M50 junction and Kilgobbin Road during peak morning and evening hours is a common topic of discussion.
  • Community groups often praise the proximity to recreational spots like the Dublin Mountains and local golf courses.

LifeFit Assessment

How well this property may suit your lifestyle

Family

7 areas
  • Young Children

    The property includes a 2-bedroom apartment and a 1-bedroom apartment in Stepaside, offering some space for a small family, though the layout is split across two units.

    6/10
  • Teenagers

    The two separate apartments could provide independent living arrangements for teenagers or older dependents, but lack a traditional single-family home layout.

    5/10
  • Multi-generational Living

    Comprising two separate apartments (one 1-bed and one 2-bed), this portfolio is exceptionally well-suited for multi-generational living, allowing family members to live close by while maintaining distinct private spaces.

    8/10
  • Single Buyers

    An ideal setup for single buyers who could live in one apartment while renting out the other unit to generate income.

    9/10
  • Couples

    Couples will appreciate the flexibility of a 2-bedroom apartment combined with an additional 1-bedroom unit for guests, a home office, or rental income.

    8/10
  • Empty Nesters

    The secure gated development offers a manageable lifestyle with potential rental income from the extra apartment to support retirement.

    7/10
  • Retirees

    Located within a secure gated community with nearby LUAS transport links, though buyers should verify internal lift and accessibility features.

    7/10

Work

3 areas
  • Remote Working

    The multi-unit setup (one 1-bed and one 2-bed apartment) provides excellent potential to designate a separate unit or extra room as a dedicated home office.

    8/10
  • Hybrid Commuting

    Conveniently located within a short distance of the M50 motorway and Glencairn LUAS stop for commuting into Sandyford and Dublin city centre.

    8/10
  • Retired

    A secure gated development with local village amenities nearby makes it practical for retirees, subject to personal accessibility needs.

    7/10

Practical

8 areas
  • Ageing in Place

    Apartment living removes exterior maintenance burdens, but buyers should verify stair or elevator access depending on the specific floor level.

    6/10
  • Low Maintenance

    As apartments within a managed development, exterior upkeep and grounds maintenance are typically handled by the management company.

    9/10
  • Secure Gated Entry

    Explicitly located within the well sought-after gated community of Old Castle View.

    10/10
  • Minimalist Design

    Apartment layouts naturally lend themselves to streamlined, minimalist living spaces.

    8/10
  • Flexible Floor Plans

    Comprising two separate apartments (1-bed and 2-bed), providing versatile options for living arrangements or investment.

    7/10
  • Heritage Home

    These are modern standard apartments rather than period or heritage properties.

    1/10
  • Ecological Setup

    The properties carry a C1 BER rating, indicating standard energy efficiency with potential for future upgrades.

    5/10
  • Outdoor areas

    Typical of apartment developments, private outdoor garden space is generally limited or communal.

    4/10

Interests

9 areas
  • Gardening

    As apartment living within a managed development, private individual gardens are likely limited or nonexistent.

    3/10
  • Walking

    Good local access to Stepaside village amenities, nearby roads, and suburban footpaths.

    7/10
  • Gym

    Proximity to Sandyford and surrounding areas provides reasonable access to local fitness and gym facilities.

    7/10
  • Cycling

    Main roads like Kilgobbin Road offer cycling routes, though commuter traffic should be taken into account.

    6/10
  • Golf

    The listing notes that multiple golf courses are situated within a short distance of the property.

    8/10
  • Fishing

    The suburban setting does not offer immediate proximity to notable fishing spots.

    3/10
  • Horse Riding

    Some equestrian facilities may be found in the wider South Dublin foothills, but they are not directly adjacent.

    4/10
  • Water Sports

    Inland location means water sports require travel toward the coast or designated lakes.

    3/10
  • Entertaining

    Having two separate apartments offers unique hosting flexibility for visiting guests or family members.

    6/10

Lifestyle

5 areas
  • Quiet Living

    Situated in an established suburban development in Stepaside, offering a generally peaceful environment away from the immediate city center bustle.

    6/10
  • Rural Living

    This is a suburban residential location close to major roads and urban amenities rather than a rural setting.

    3/10
  • Village Living

    Located within close proximity to Stepaside village, providing convenient access to local shops, bars, and restaurants.

    8/10
  • Coastal Living

    The property is located inland in South Dublin, some distance away from coastal areas.

    3/10
  • Urban Living

    Offers good connectivity to Sandyford and Dublin city centre via nearby LUAS stops and bus routes.

    7/10

Social

6 areas
  • Community Involvement

    Located in an established residential suburb with local community facilities in Stepaside village.

    6/10
  • Café Culture

    Proximity to Stepaside village and nearby Sandyford provides access to local cafes and dining options.

    7/10
  • Nightlife

    Local bars and restaurants are available in Stepaside, but broader nightlife requires travel into the city center or Dundrum.

    5/10
  • Health/Wellness groups

    Proximity to the Beacon Hospital and surrounding suburban health centers supports wellness activities.

    7/10
  • Networking Opportunities

    Close proximity to the Sandyford business district offers strong professional networking potential.

    7/10
  • Tech-Hub Connectivity

    Very close to Sandyford, a major commercial and technology hub in South Dublin.

    8/10

Listing information

Agent
BidX1 Ireland Ltd
Phone
01 6673388
Published on HouseDelve
5 October 2026
Correction
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Property reference: HD-534123HouseDelve · 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.