Photograph 1 of 23 of 56 Lwr Rathmines Road, Rathmines, Dublin 6
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56 Lwr Rathmines Road, Rathmines, Dublin 6D06H393

€1,950,000

13 Bed~13 Bath~315 m²

What you'll like:

  • Prime Village Location: Situated in the very heart of Rathmines village, providing immediate pedestrian access to local shopping, dining, and leisure amenities.
  • Walkable Transit Access: Located just a short walk from the LUAS tram stop at Charlemont, ensuring convenient commuter connectivity to the city center.
  • Substantial Floor Area: Extends to approximately 315 square meters of gross internal space arranged over four floors for maximum spatial utilization.
  • Multi-Unit Configuration: Set out in 13 spacious apartments consisting of six one-bedroom units and seven studios, diversifying rental income streams.
  • Vacant Possession Available: Offered with vacant possession, allowing the new owner to set fresh market rents without legacy tenant restrictions.
  • Exceptional Rental Potential: Positioned in an established, high-demand rental area capable of generating significant gross yields for a commercial investor.
  • Proximity to Retail Hub: Within easy walking distance of the Swan Shopping Centre and Swan Leisure, driving strong tenant appeal and retention.
  • Four-Storey Layout: Features well-proportioned layouts distributed across four levels, optimizing the footprint for high-density urban residential letting.
  • Established Commercial Node: Located on a prominent arterial road surrounded by established businesses, ensuring sustained long-term capital appreciation and demand.
  • No Chain Delays: Offered directly by the selling agents with vacant availability, potentially streamlining the acquisition timeline for a prepared buyer.
  • Strong Historical Demand: Rathmines consistently attracts students, young professionals, and medical staff due to its proximity to major universities and hospitals.
  • Flexible Configuration: The mix of studios and one-beds caters well to the buoyant single-person rental demographic prevalent in Dublin 6.
  • Walk-to-Work Proximity: Within comfortable walking or cycling distance of Dublin city center, reducing reliance on public transport for working tenants.
  • Investment Scale: Represents a substantial multi-unit asset rarely found as a single contiguous holding of this size in the immediate village core.
  • Street Frontage: Benefits from visible road frontage on Lower Rathmines Road, enhancing the overall prominence and accessibility of the investment asset.
  • Proximity to Green Spaces: Close to local parks and the Grand Canal walkway, offering desirable recreational amenities for prospective urban residents.
  • Independent Units: Each of the 13 apartments offers self-contained living spaces, minimizing management friction compared to shared house setups.
  • Growth Corridor: Positioned along a major urban renewal and transit corridor, supporting favorable long-term real estate fundamentals.
  • Immediate Income Generation: Ready for refurbishment and re-letting immediately upon closing, minimizing void periods before revenue commences.
  • Established Pre-63 Status: Historically operated as a multi-unit investment, offering a recognized precedent for high-density use in this zone.

But keep in mind:

  • Exempt BER Status: Advertised as BER exempt, but buyers should independently verify whether major upgrade works will trigger modern energy rating requirements.
  • Pre-63 Compliance Verification: Buyers must thoroughly inspect all 13 units to verify full compliance with historical exemption standards and current fire safety codes.
  • Substantial Asking Price: Priced at €1,950,000, requiring significant upfront capital, robust financing, and careful yield modeling to justify the investment.
  • Static Pricing History: The recorded asking price has remained unchanged at €1,950,000, suggesting the seller may currently hold firm yield expectations.
  • High Density Management: Managing 13 distinct units within one building will involve high ongoing maintenance, tenant turnover, and administrative oversight costs.
  • Renovation Capital Required: Given the multi-unit layout, substantial capital expenditure is likely needed to modernize apartments to current building regulations.
  • Fire Safety Regulations: Upgrading 13 individual apartments to modern fire safety and soundproofing standards could incur unexpectedly high compliance expenses.
  • High Unit Bathroom Ratio: Maintaining 13 separate bathrooms across the building increases plumbing vulnerability and long-term repair frequency for the landlord.
  • Lack of Parking: The listing makes no mention of dedicated parking, which may limit appeal for tenants with vehicles or complicate service logistics.
  • High Tenant Turnover: Studio and one-bedroom apartments often experience frequent tenant churn, increasing leasing commissions and management overheads.
  • Commercial Financing Terms: Securing a commercial mortgage for a 13-unit residential block often demands larger deposits and stricter lending criteria.
  • Potential Rent Controls: Buyers must verify how local Rent Pressure Zone regulations apply to future rent setting after vacant possession is utilized.
  • Acoustic Insulation Risks: Multi-story conversion buildings of this vintage can suffer from sound transfer between floors, requiring costly acoustic remediation.
  • Waste Management Logistics: Servicing 13 separate apartments requires adequate communal waste storage facilities that comply with local council hygiene bylaws.
  • Potential Deferred Maintenance: Four-story period structures frequently conceal hidden structural, roofing, or damp issues that require comprehensive specialist surveying.
  • Insurance Premiums: Insuring a multi-occupancy investment building with 13 apartments typically attracts higher annual premiums than a single residential dwelling.
  • Local Authority Regulations: Changing or upgrading multi-unit layouts may require complex planning permissions or adherence to strict Dublin City Council guidelines.
  • Heating System Efficiency: Thirteen separate heating systems or an outdated communal plant will need careful inspection to ensure modern energy efficiency.
  • Ventilation Compliance: Internal kitchens and bathrooms across the 13 units must be checked for adequate mechanical extraction to prevent dampness and mold.
  • Exit Strategy Liquidity: Selling a large multi-unit residential block of this scale can involve a narrower pool of qualified buyers upon eventual exit.

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 moderately valued when analyzing the extensive configuration of thirteen units spread across four storeys in a prime urban village location, balancing massive multi-unit income potential against necessary capital expenditure.
  • Valuation signals indicate a competitive pricing strategy for a pre-sixty-three investment asset, though prospective buyers must factor in potential refurbishment costs to meet modern regulatory standards and maximize sustainable rental yields.
  • The asking figure could be supported by sustained high demand for rental accommodation in Dublin six, whereas unexpected structural remediation requirements or stricter letting regulations could significantly undermine the projected investment returns.
  • The recorded asking price history demonstrates a firm initial positioning without reductions, reflecting seller confidence in capturing investor interest within a tightly held urban corridor boasting exceptional transport links.

Build Analysis

What we know from similar construction types

  • The property is a substantial four-storey Pre 63 investment building extending to approximately 315 sq.m and configured into 13 individual units (6 one-bedroom apartments and 7 studios).
  • Given its Pre 63 status and multiple-occupancy layout, buyers should verify full planning compliance, fire safety regulations, and building control standards for all 13 units.
  • Potential buyers should investigate the condition of the structural elements, roof, plumbing, and electrical systems across all four floors, as multi-unit older buildings often require significant capital expenditure to meet modern rental standards.

Heating cost*

Estimated expense to heat this property every year

  • €4,500 to €6,500 per year.
  • Given the 315 square metre floor area and multi-unit layout comprising 13 apartments across four floors, overall energy consumption will depend on the individual heating systems installed in each unit and their respective occupancy levels.

Pollution Safe

8/10

Environmental situation to investigate

  • The property is located in an established urban environment with no immediate apparent proximity to heavy industrial facilities, major waste incinerators, or known active landfills.
  • Any historical urban pollution typical of inner-city districts should be verified by potential buyers through local environmental searches.

Flood Safe

7/10

Water overflow reports to follow up

  • The surrounding area is generally well-developed with established urban drainage systems, though standard precautions for lower-lying parts of Dublin near canals should be kept in mind.
  • Buyers should consult official local authority flood maps and undertake appropriate due diligence regarding surface water risk.

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

  • 13 TOWN CENTRE, LOWER RATHMINES RD, DUBLIN

    Sale date
    Declared sale price
    €350,000.00
  • 44 LISSENFIELD, RATHMINES RD LOWER, DUBLIN 6

    Sale date
    Declared sale price
    €452,000.00
  • 22 LISSENFIELD, RATHMINES RD LOWER, DUBLIN 6

    Sale date
    Declared sale price
    €375,000.00
  • 163 RATHMINES TOWN CENTRE, RATHMINES RD LOWER, RATHMINES DUBLIN 6

    Sale date
    Declared sale price
    €420,000.00
  • 41 LISSENFIELD, LOWER RATHMINES ROAD, DUBLIN 6

    Sale date
    Declared sale price
    €550,000.00

Recent sales in the wider Rathmines area

  • 42 MILLTOWN GROVE, MILLTOWN, DUBLIN 6

    Sale date
    Declared sale price
    €480,000.00
  • 11 OAKLANDS, YORK RD, RATHMINES DUBLIN 6

    Sale date
    Declared sale price
    €675,000.00
  • 51 ST KEVINS PARK, DARTRY, DUBLIN 6

    Sale date
    Declared sale price
    €4,400,000.00
  • 13 PEMBROKE COTTAGES, DONNYBROOK, DUBLIN 6

    Sale date
    Declared sale price
    €640,000.00
  • 30 ANNESLEY PARK, RANELAGH, DUBLIN 6

    Sale date
    Declared sale price
    €2,750,000.00

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

  • Estimated stamp duty: €47,000 — 1% of €1,000,000 + 2% of €500,000 + 6% of €450,000.
    ?
    Based on the asking price shown on this page, using standard residential stamp-duty rates. No adjustments are made for VAT, reliefs, mixed-use property or additional land. The final purchase price and your circumstances may change the amount payable.
  • Solicitor legal fees: €3,000 to €6,000 excluding VAT and outlays.
  • Land registration fees: €600 to €800 depending on the property value and registration type.
  • Property valuation fees: €150 to €300 for a standard mortgage or asset valuation.
  • Surveyor fees: €1,500 to €3,000 for a detailed structural survey given the large multi-unit scale of the 315 square metre building.
  • Annual home insurance: €1,000 to €2,500 depending on the specific coverage chosen for a multi-unit investment property.

Forum Talk

What people are saying about this area

  • Local residents frequently discuss the vibrant village atmosphere and excellent convenience of living directly in the heart of Rathmines.
  • Community forums often highlight the heavy footfall and strong rental demand driven by proximity to educational institutions and major employers in central Dublin.
  • Discussions regarding local infrastructure regularly focus on the benefits of nearby public transport links such as the LUAS at Charlemont and frequent bus routes.
  • Neighbourhood groups frequently review local retail developments, noting the value of nearby amenities like the Swan Shopping Centre and various eateries.

LifeFit Assessment

How well this property may suit your lifestyle

Family

7 areas
  • Young Children

    The property is arranged as 13 separate apartments rather than a traditional family home, making it completely unsuitable for young children.

    2/10
  • Teenagers

    Configured as multiple multi-unit investments without standard family living areas, it is not practical for teenagers.

    2/10
  • Multi-generational Living

    While it contains 13 separate units over four floors, these are structured as individual apartments and studios rather than a cohesive multi-generational family setup.

    4/10
  • Single Buyers

    With an asking price of €1,950,000 for the entire multi-unit block, it is far beyond the budget of a typical single residential buyer.

    1/10
  • Couples

    Priced at €1,950,000 and offered as a complete investment block, this is an institutional or commercial purchase rather than a home for a couple.

    1/10
  • Empty Nesters

    This is a commercial investment property consisting of 13 units sold in one lot, not a downsized home for empty nesters.

    1/10
  • Retirees

    Managing a 13-unit pre-63 investment property requires significant landlord responsibilities, making it unsuitable for retirees looking for a quiet retirement home.

    1/10

Work

3 areas
  • Remote Working

    Individual apartments could potentially serve as remote workspaces, but the building is currently configured and marketed as a total investment block for rental income.

    6/10
  • Hybrid Commuting

    Proximity to the LUAS at Charlemont and various bus routes makes commuting into Dublin's commercial centers extremely convenient.

    9/10
  • Retired

    Purchasing a 13-unit multi-family building involves active property management duties rather than a retired lifestyle.

    1/10

Practical

8 areas
  • Ageing in Place

    Spanning four floors across 13 units without explicit mention of elevators or accessibility accommodations, it is poorly suited for ageing in place.

    2/10
  • Low Maintenance

    Owning and maintaining a substantial pre-63 multi-unit block with 13 apartments and bathrooms requires ongoing professional property management.

    3/10
  • Secure Gated Entry

    Security features are standard for a multi-tenant apartment building, but buyers should verify specific entry systems.

    5/10
  • Minimalist Design

    The layout comprises functional apartment and studio spaces, though decorative finishes vary across the units.

    5/10
  • Flexible Floor Plans

    Divided into 6 one-bedroom apartments and 7 studios over four floors, offering diverse configuration options for a landlord.

    7/10
  • Heritage Home

    Being a pre-63 investment property, the building possesses period architectural characteristics typical of the area, which buyers should inspect for compliance and maintenance needs.

    7/10
  • Ecological Setup

    The BER is listed as Exempt, and older multi-unit buildings often require substantial upgrades to achieve high energy efficiency.

    3/10
  • Outdoor areas

    The gross internal area of 315 sq.m is fully utilized by the 13 units, with no dedicated outdoor amenity spaces highlighted.

    1/10

Interests

9 areas
  • Gardening

    The building consists of four floors fully set out in 13 apartments and studios with no traditional private garden space indicated.

    1/10
  • Walking

    The central Rathmines location provides unmatched walkability to local retail, amenities, and into Dublin city center.

    9/10
  • Gym

    Swan Leisure center is within very easy walking distance, offering excellent local fitness facilities.

    9/10
  • Cycling

    Flat urban routes provide good cycling connectivity into the city center, though cyclists should verify secure bike storage provisions on site.

    8/10
  • Golf

    Standard urban location requiring travel to surrounding Dublin golf clubs.

    5/10
  • Fishing

    An inner-city location offering no immediate access to fishing spots.

    2/10
  • Horse Riding

    Inner-city Rathmines provides no local equestrian facilities or stables.

    1/10
  • Water Sports

    Access to water sports requires traveling out toward Dublin Bay or the canals.

    3/10
  • Entertaining

    Each unit is self-contained, and the building functions as an investment asset rather than a personal residence suited for entertaining guests.

    4/10

Lifestyle

5 areas
  • Quiet Living

    Situated directly on Lower Rathmines Road in a bustling village setting, residents will experience substantial urban noise and traffic.

    3/10
  • Rural Living

    Located in the heart of Rathmines village in Dublin 6, this is an intensely urban environment with zero rural characteristics.

    1/10
  • Village Living

    Positioned right in the heart of Rathmines village, residents enjoy immediate access to shops, restaurants, leisure facilities, and local services.

    9/10
  • Coastal Living

    The property is located firmly inland in south Dublin with no proximity to the coast.

    1/10
  • Urban Living

    An exceptional urban footprint featuring a high-density apartment block configuration within walking distance of the city center and the LUAS at Charlemont.

    10/10

Social

6 areas
  • Tech-Hub Connectivity

    Easy access to Dublin's city center tech hubs via public transport and walking routes.

    9/10
  • Community Involvement

    As an investment block with vacant possession, community ties would depend on the future tenants or management structure put in place by the buyer.

    5/10
  • Café Culture

    Rathmines is renowned for its vibrant café culture, restaurants, and eateries right on the doorstep.

    10/10
  • Nightlife

    Abundant local pubs, restaurants, and entertainment venues are situated throughout the immediate Rathmines and Portobello areas.

    8/10
  • Health/Wellness groups

    Proximity to Swan Leisure and various local fitness studios supports active wellness routines.

    8/10
  • Networking Opportunities

    The central Dublin location places investors and professionals close to active business and social networks.

    7/10

Listing information

Agent
O'Connor Shannon
Phone
01 496 8111
Current status
active
Published on HouseDelve
28 October 2026
Correction
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Property reference: HD-C86216HouseDelve · 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.