
38 Leinster Road, Rathmines, Dublin 6D06A7K8
€1,300,000
8 Bed~3 Bath~262 m²
What you'll like:
- Prestigious Dublin Address: Located on one of the most highly regarded and sought-after residential roads in the desirable Rathmines neighborhood, ensuring strong long-term capital appreciation and desirability.
- Substantial Floor Area: Offering an impressive 262 square meters of accommodation, this expansive property provides generous proportions across its multi-story layout for various reconfiguration or investment strategies.
- Pre 63 Status: The presence of pre-63 apartment declarations for several flats provides established multi-unit credentials that can streamline ongoing rental management and investment compliance for the buyer.
- Mews Potential: Rear vehicular access opening onto Grosvenor Lane presents an exciting development opportunity to construct a separate mews dwelling, subject to obtaining the necessary local planning permissions.
- Generous Rear Garden: The large outdoor garden space provides wonderful private amenity value for occupants and adds significant future development or landscaping potential for the entire site.
- Original Victorian Features: Retained architectural details such as original ceiling coving, picture rails, and striking marble stone fireplaces offer timeless character and immense aesthetic appeal throughout the building.
- Abundant Natural Light: Large sash windows in the primary living spaces flood the interior rooms with natural light, enhancing the bright and airy feel of this historic Victorian home.
- Walkable Village Location: Situated directly within the heart of Rathmines and within easy walking distance of Rathgar village, providing effortless access to trendy cafes, restaurants, and daily conveniences.
- Proximity to City Centre: Exceptional urban positioning places St Stephen's Green within comfortable walking distance, making it highly attractive for tenants or owners seeking vibrant city living.
- Established Multi-Unit Setup: The building is already divided into three separate apartments, reducing upfront conversion friction for investors looking to acquire an income-generating portfolio asset immediately.
- Vacant Flat Ready: Coming to the market with one vacant apartment allows a new owner to commence immediate occupancy or set new market rent levels without waiting for tenancies to expire.
- Strong Rental Demand: The highly central Dublin 6 location guarantees enduring tenant demand from professionals and students seeking well-connected urban accommodation close to major educational and employment hubs.
- Flexible Accommodation Layout: The current configuration of multiple double and single bedrooms across the various flats offers great versatility for shared living arrangements or future family conversion.
- Classic Redbrick Charm: The striking facade and grand proportions typical of Victorian architecture represent a timeless asset class that traditionally holds its value exceptionally well in the Dublin market.
- Outdoor Connection: Several of the apartments feature direct views of or access to the substantial rear garden, creating a pleasant green outlook rarely found in such central urban locations.
- Public Transport Proximity: Excellent local transport links surround the area, offering future residents seamless connectivity via bus routes and nearby cycling infrastructure to all parts of the capital.
- Investment Upscale Potential: The scale and layout of the property allow a discerning investor to modernize the existing flats over time, significantly increasing overall rental yields and property value.
- Independent Kitchen Spaces: Each of the three existing apartment configurations includes its own dedicated kitchen area, ensuring functional self-contained living for all current or future occupants.
- High Ceiling Heights: Typical of the Victorian era, the generous vertical clearance in the principal rooms enhances the sense of space and grandeur throughout the main living zones.
- Established Neighborhood Amenity: Surrounded by established cultural amenities, cinemas, and sports clubs, residents will enjoy a vibrant community atmosphere right on their doorstep.
But keep in mind:
- Missing BER Certificate: The property currently lacks a Building Energy Rating certificate, meaning buyers should investigate energy efficiency and potential retrofit costs before finalizing their purchase decision.
- Pending Tenancy Expirations: Two existing flats are occupied with served notices expiring late in 2026, which may delay vacant possession and require careful management of ongoing tenancy relations.
- Substantial Upkeep Requirements: As a large Victorian structure divided into multiple units, the building likely demands significant ongoing capital expenditure for maintenance, roofing, and structural preservation.
- Planning Permission Risks: While rear vehicular access suggests mews potential, buyers should independently verify local planning precedents to ensure a separate dwelling can actually be approved.
- Tenant Management Obligations: Acquiring a multi-unit investment with existing occupants requires strict adherence to complex rental legislation and careful handling of the transition periods.
- Outdated Interior Finishes: Certain kitchen and bathroom facilities appear dated across the apartments, meaning a substantial renovation budget will be necessary to achieve modern rental standards.
- Limited On-Street Parking: Relying solely on on-street parking for a multi-apartment Victorian property could present daily convenience challenges for residents with multiple vehicles.
- Basement Level Vulnerability: The garden-level apartment may be more susceptible to dampness, drainage issues, or lack of natural light compared to upper floors, requiring thorough damp-proofing inspections.
- Shared Access Challenges: The communal entrance and circulation areas serving multiple independent flats may require clearer management structures and ongoing wear-and-tear maintenance.
- Compliance Verification Needed: Buyers must thoroughly legal-check the pre-63 declarations and fire safety compliance certificates to ensure all historic alterations meet current building regulations.
- High Capital Investment: At an asking price of €1,300,000 plus anticipated refurbishment costs, the total financial outlay required to maximize this asset's potential is considerable.
- Fire Safety Regulations: Multi-unit conversions of older buildings typically face stringent modern fire safety and sound insulation requirements that can trigger unexpected compliance costs.
- Complex Conveyancing Process: Dealing with multiple tenancies, historical planning statuses, and mixed occupancy types can make the legal purchase process unusually intricate and protracted.
- Heating System Efficiency: Older properties with segmented apartment layouts often feature inefficient or decentralized heating systems that need complete modernization to reduce tenant utility costs.
- Window Maintenance Costs: Restoring or repairing traditional timber sash windows in a protected or historic context can involve specialist artisan labor and higher ongoing maintenance expenses.
- Sound Proofing Deficits: Horizontal and vertical sound transmission between the three separate apartments may require acoustic upgrades to ensure comfortable living standards for all tenants.
- Internal Layout Constraints: The existing floor plans are dictated by the historic structure, which may limit opportunities to radically alter room sizes or create open-plan living spaces.
- Potential Structural Movement: Historic Victorian properties should be inspected by a qualified structural engineer to check for signs of settlement, lintel fatigue, or timber rot.
- Insurance Premiums: Insuring a multi-occupied pre-63 Victorian building can attract higher policy premiums and require specialized commercial or landlord insurance products.
- Regulatory Changes Risk: Future shifts in Irish rental legislation and housing standards could impose additional compliance burdens on landlords operating older multi-unit properties.
Price positioning
?
- The asking price appears attractively positioned relative to comparable transactions on the same street, sitting below several verified multi-unit properties which achieved higher figures recently.
- Signals pointing towards potential undervaluation include the presence of multiple existing tenancies with delayed vacancy dates, creating near-term rental income complexity for incoming buyers.
- Factors supporting this valuation level include the large Victorian footprint, mews potential via rear access, and pre-sixty multi-apartment status that appeals strongly to investors.
- Relevant market dynamics involve renovation requirements across the various units and planning constraints that could significantly influence the ultimate capital expenditure needed for future development.
Build Analysis
What we know from similar construction types
- The property is a substantial two-storey over garden Victorian building divided into multiple pre-63 apartments, meaning a buyer should verify compliance with relevant planning and fire safety regulations for multi-unit dwellings.
- Original period features such as sash windows, marble fireplaces, and coving are present, which will require specialist maintenance and potential thermal upgrading that respects protected structures or conservation guidelines if applicable.
- The listing notes vehicular access to Grosvenor Lane with mews potential, so a buyer should investigate planning precedents and restrictions for developing the rear garden.
- The BER rating is exempt, likely due to its protected or period status, meaning energy efficiency measures must be carefully assessed to avoid damaging the historic fabric.
Heating cost*
Estimated expense to heat this property every year
- Estimated annual heating cost: €3,500 to €4,800
- Explanation: With a large floor area of 262 m², a multi-apartment layout, and an unprovided or exempt BER rating which may indicate older thermal efficiency, heating costs are expected to be significantly higher than an average residential property.
Pollution Safe
8/10Environmental situation to investigate
- The area is primarily residential and established, showing minimal apparent proximity to major industrial pollution sources or active heavy manufacturing plants.
- Any historical urban industrial concerns or legacy issues should be independently verified by prospective buyers during standard due diligence.
Flood Safe
8/10Water overflow reports to follow up
Recent Local Sales
Verified residential transactions published in the previous five years
Sales on the same street or estate
NO. 1 GROSVENOR MANOR, LEINSTER ROAD, RATHMINES
- Sale date
- Declared sale price
- €1,113,500.00
111 LEINSTER RD, RATHMINES, DUBLIN 6
- Sale date
- Declared sale price
- €1,372,500.00
135 LEINSTER ROAD, RATHMINES, DUBLIN 6
- Sale date
- Declared sale price
- €1,685,000.00
2 LEINSTER RD, RATHMINES, DUBLIN 6
- Sale date
- Declared sale price
- €1,315,000.00
79 LEINSTER RD, RATHMINES, DUBLIN 6
- Sale date
- Declared sale price
- €1,825,000.00
Recent sales in the wider Rathmines area
19 NORTHBROOK WALK, RANELAGH, DUBLIN 6
- Sale date
- Declared sale price
- €850,000.00
1 EASTMORE, BUSHY PARK RD, RATHGAR DUBLIN 6
- Sale date
- Declared sale price
- €580,000.00
101 SANDFORD RD, RANELAGH, DUBLIN 6
- Sale date
- Declared sale price
- €1,250,000.00
21 SANDYFORD RD, RANELAGH, DUBLIN 6
- Sale date
- Declared sale price
- €2,200,000.00
284 LR KIMMAGE RD, DUBLIN 6, DUBLIN
- Sale date
- Declared sale price
- €560,000.00
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
- Stamp duty: approximately €130,000 based on 10% for residential property value over €1,000,000
- Solicitor legal fees: approximately €3,500 to €5,000 plus VAT and outlays
- Land registration fees: approximately €800 based on property value
- Property valuation fees: approximately €150 to €300
- Surveyor fees: approximately €1,500 to €2,500 given the large 262 m² size and multi-unit layout
- Annual home insurance: approximately €1,200 to €2,000 depending on coverage and multi-unit status
Forum Talk
What people are saying about this area
- Residents on local forums frequently discuss the vibrant village atmosphere of Rathmines and its strong appeal for Victorian architecture enthusiasts.
- Community boards often highlight the convenience of walking to St Stephen's Green and local amenities from Leinster Road.
- Discussions in neighborhood groups regularly touch upon parking availability and traffic management along major thoroughfares in Dublin 6.
- Local forums note ongoing interest in property renovations and mews potential behind period homes in the surrounding lanes.
LifeFit Assessment
How well this property may suit your lifestyle
Family
7 areas- Young Children4/10
The property is currently arranged as multiple separate apartments with tenants in place, which may pose logistical challenges for a young family seeking a cohesive single-family home.
- Teenagers6/10
Located in Rathmines with multiple bedrooms and generous living space, though the multi-unit layout requires reconfiguration for standard family living.
- Multi-generational Living7/10
The layout features distinct apartment units across levels, offering potential for multi-generational living once tenancy arrangements are resolved.
- Single Buyers3/10
With an asking price of €1,300,000 and a large 262 m² multi-unit configuration, this property is generally suited to investors or larger households rather than solo buyers.
- Couples5/10
Offers substantial space in a prime location, but couples would need to manage existing rental tenants and likely undertake significant renovation works.
- Empty Nesters4/10
The large Victorian structure and multi-unit setup entail considerable maintenance and management responsibilities, which may not suit those looking to downsize.
- Retirees3/10
A multi-storey Victorian building with multiple stairs and ongoing tenancy management might not provide the ease required for retirement living.
Work
3 areas- Remote Working8/10
Generous room proportions and multiple reception spaces provide ample opportunity to set up dedicated home offices.
- Hybrid Commuting9/10
Extremely convenient access to Dublin city centre and public transport options makes hybrid commuting highly feasible.
- Retired4/10
Management of a pre-63 multi-unit investment property with active tenants may conflict with a retired lifestyle.
Practical
8 areas- Ageing in Place3/10
Multiple storeys, split-level apartments, and ongoing tenancy management make this less than ideal for ageing in place without major architectural adaptation.
- Low Maintenance2/10
As a period Victorian property with pre-63 apartments, existing tenancies, and potential mews development opportunities, maintenance requirements will be high.
- Secure Gated Entry3/10
Features traditional on-street parking and pedestrian access, lacking private gated security.
- Minimalist Design2/10
Defined by classic Victorian features, high ceilings, original coving, marble fireplaces, and sash windows rather than minimalist aesthetics.
- Flexible Floor Plans8/10
The expansive 262 m² layout offers significant flexibility, particularly with mews potential on Grosvenor Lane, subject to planning permission.
- Heritage Home10/10
A substantial Victorian home retaining wonderful period features such as original coving, picture rails, sash windows, and marble fireplaces.
- Ecological Setup3/10
Unprovided BER rating and traditional Victorian building fabric suggest energy efficiency upgrades would likely be required.
- Outdoor areas7/10
Benefits from a large rear garden and vehicular access to Grosvenor Lane, offering great outdoor space and mews potential.
Interests
9 areas- Fishing2/10
Urban environment with no notable local fishing amenities nearby.
- Horse Riding2/10
Inner-urban location lacks local equestrian facilities or stables.
- Gardening6/10
Features a large rear garden offering good potential for landscaping, though currently shared or impacted by multiple apartment occupants.
- Walking9/10
Outstanding walkability to local villages, St Stephen's Green, and countless neighbourhood amenities.
- Gym8/10
Proximity to urban fitness centres and gym facilities in the Rathmines and Dublin 6 areas.
- Cycling7/10
Good cycling connectivity into the city centre, though urban traffic conditions require confident cycling.
- Golf5/10
Several golf clubs are accessible within the wider Dublin region, though not directly on the doorstep.
- Water Sports3/10
Distance from the coast limits immediate water sports opportunities, though the Grand Canal is relatively nearby.
- Entertaining7/10
Spacious reception rooms with original Victorian features and a large rear garden offer great entertaining potential once converted to a single residence.
Lifestyle
5 areas- Quiet Living5/10
Situated on a prominent road in bustling Rathmines, city sounds and vibrant surroundings mean traditional quiet suburban living is limited.
- Rural Living1/10
Located in a densely populated urban area of Dublin 6 with zero rural characteristics.
- Village Living8/10
Positioned right in the heart of Rathmines within walking distance of the village centre, Rathgar village, and local amenities.
- Coastal Living2/10
An inland urban setting with no immediate proximity to the coastline.
- Urban Living10/10
Exceptional urban positioning in Dublin 6, offering immediate access to city culture, shops, and transport links.
Social
6 areas- Community Involvement7/10
Active local community in Rathmines with neighborhood associations and local events.
- Café Culture10/10
Surrounded by an abundance of popular cafes, restaurants, and eateries in Rathmines and nearby Rathgar.
- Nightlife9/10
Vibrant local nightlife with numerous pubs, cinemas, and entertainment venues within walking distance.
- Health/Wellness groups8/10
A wide variety of pilates & stretching studios, wellness clinics, and fitness groups operate locally.
- Networking Opportunities8/10
Proximity to Dublin's commercial center provides strong professional networking prospects.
- Tech-Hub Connectivity9/10
Close proximity to Dublin's major tech employers and innovation hubs in the city center.
Listing information
- Agent
- Sherry FitzGerald Rathmines
- Phone
- 01 496 6066
- Published on HouseDelve
- 10 September 2026
- Correction
- Report an issue
HD-DC0EA1HouseDelve · Republic of Ireland* Estimate — not advice. Actual costs and outcomes can vary materially. Obtain current quotations and professional advice before making financial or property decisions.