Apartment 10 The Millhouse, The Steelworks, Foley street, Dublin 1, DublinD01YC82
€395,000
2 Bed~1 Bath~BER D1
What you'll like:
- Central city location: Situated on Foley Street in Dublin 1, placing you within easy walking distance of core city centre retail and employment hubs. This ensures high tenant demand and long-term capital appreciation potential.
- Convenient transport links: Positioned very close to Connolly Station and Busaras, providing seamless access to DART, Luas, suburban rail, and extensive bus services for daily commuters.
- Generous floor area: Spanning approximately 82 square meters or 882 square feet, offering exceptionally spacious accommodation compared to many typical two-bedroom apartments in the immediate urban core.
- Private balcony space: Features an outdoor private balcony, enhancing the living experience by providing personal fresh air space and light within a bustling city centre environment.
- Vacant possession available: Sold with vacant possession, allowing an owner-occupier to move in immediately or an investor to set current market rent without waiting for tenants to vacate.
- First floor positioning: Located on the first floor, striking a balance between easy access without relying solely on elevators and maintaining elevated privacy above street level.
- Stable asking price: The asking price has remained stable at €395,000 since initial tracking, suggesting the seller has a fixed valuation and may be testing market responsiveness directly.
- Defined auction timeline: Scheduled for an online auction on November 26, 2026, giving prospective buyers a clear, hard deadline to complete due diligence and secure financing.
- Professional agent representation: Listed by an established corporate auction platform, providing structured bidding procedures and professional documentation access for serious interested buyers.
- Established residential development: Situated within The Steelworks complex, a known urban development that benefits from established management structures and on-site community familiarity.
- Rental market demand: High concentration of corporate and student renters nearby ensures this property should attract steady rental interest if purchased as a buy-to-let investment.
- Walkable lifestyle amenities: Surrounded by numerous shops, cafes, restaurants, and cultural venues, significantly reducing reliance on private cars for daily urban living needs.
- Commuter transit efficiency: Proximity to major transport hubs makes traveling across the wider Dublin region and beyond exceptionally straightforward for professionals without cars.
- Resale liquidity: Well-sized two-bedroom city centre apartments historically maintain strong liquidity when eventually brought back to the open market for future resale.
- Clear sizing data: Vendor-provided measurements of 82 sq m give a solid baseline for estimating heating costs, furniture layouts, and per-square-meter acquisition value.
- Immediate modernization potential: Vacant status allows buyers to carry out interior upgrades, painting, and flooring replacements prior to move-in without causing any tenant disruption.
- Urban regeneration upside: Dublin 1 continues to undergo continuous civic regeneration and infrastructure investment, which may positively impact surrounding property values over time.
- Online bidding convenience: The digital auction format allows remote participation, making it easier for diaspora or busy buyers to place bids without physical attendance.
- Straightforward transaction path: Online auction sales typically follow a fixed contract signing and deposit structure upon the fall of the virtual hammer, reducing drawn-out negotiations.
- Potential yield profile: At the €395,000 asking level, a spacious 82 square meter city apartment offers a compelling gross rental yield baseline worth evaluating for investors.
But keep in mind:
- Subpar energy rating: Carries a D1 BER rating with an energy consumption of 250.44 kWh/m2/yr, indicating poor thermal efficiency and high heating bills that require costly upgrades.
- Energy upgrade costs: Achieving a modern B or A energy rating will require substantial capital investment in insulation, windows, or heating systems by the new owner.
- Unverified internal condition: The listing notes the property was not internally inspected or measured by the auctioneer, meaning hidden damage or wear must be verified independently.
- Potential latent defects: Buyers should commission a thorough structural survey to uncover any concealed maintenance issues stemming from the vendor's lack of direct inspection.
- Management company fees: As an apartment in a development, annual service charges apply; buyers must investigate the exact fee amounts and the financial health of the owners management company.
- Sinking fund status: You must verify whether the development maintains an adequate sinking fund for major capital works like roof repairs or lift replacements to avoid sudden special levies.
- Inner-city environment: The Foley Street location experiences high urban footfall and traffic noise, which may impact peace and quiet for light-sleeved occupants.
- Security and safety due diligence: Buyers should investigate local crime rates, building access controls, and general security measures around the development complex before bidding.
- Auction purchase risks: Buying via an online auction typically involves signing unconditional contracts with non-refundable deposits, leaving no room for financing delays after winning.
- Mortgage approval urgency: Securing mortgage approval in principle ahead of the November 2026 auction date is critical, as failure to complete results in severe financial penalties.
- Lack of verified floor plans: The stated 82 square meters is based on vendor information, so buyers should independently measure the property to confirm actual usable floor space.
- Fixed pricing firmness: The lack of asking price reductions indicates the seller may be inflexible on price, limiting potential negotiation headroom below the €395,000 mark.
- Future development surround: Check local planning registers for nearby construction projects that could obstruct views, cause prolonged noise, or alter the immediate neighborhood character.
- Parking space ambiguity: The listing does not mention an allocated parking space, meaning buyers with vehicles must investigate alternative street parking or local garage options.
- Insurance premium impacts: D1 energy ratings and urban locations can sometimes result in higher property insurance premiums or stricter policy conditions from underwriters.
- Rental restriction checks: If purchasing as an investment, buyers must verify if any rental caps or owners' corporation rules limit leasing within The Steelworks complex.
- Fire safety compliance: Ensure all communal and apartment-level fire safety standards comply with current regulations to avoid unexpected remedial costs levied on owners.
- Lack of historical sale context: Relying solely on asking prices without verified local transactional comps makes it harder to judge whether €395,000 represents true market value.
- Auction platform fees: Online auctions often carry buyer registration fees, legal pack review costs, or buyer's premiums that increase the total acquisition cost beyond the bid price.
- Future BER legislation: Stricter energy efficiency regulations for rental properties may force landlords to upgrade this D1 rated apartment urgently to remain legally compliant.
Price positioning
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- The asking price appears somewhat overvalued because the stated figure sits at a notable premium when compared against historical transactions for similar apartments within the exact same development and immediate city centre micro-market context.
- Under and over-valuation signals include a stagnant asking price history with zero recorded reductions, contrasting against mixed historical completions on the same street that suggest varying apartment conditions and sizes heavily influence actual values.
- Factors that could support such a price include vacant possession and a central location near major transport links, whereas the D1 energy rating and potential remedial upgrade costs could heavily undermine buyer enthusiasm at this level.
- Additional relevant observations highlight that marketing via an online auction platform often encourages aggressive opening brackets, yet prospective purchasers must carefully weigh the energy performance certificate against total acquisition and renovation expenses.
Build Analysis
What we know from similar construction types
- The property is a first-floor two-bedroom apartment within a development known as The Steelworks on Foley Street, Dublin 1, extending to approximately 82 sq. m (882 sq. ft).
- Given its apartment status, a buyer should investigate management company fees, sinking fund reserves, and any planned or ongoing structural or fire safety remediation works within the development.
- The BER rating is D1, which indicates that the building's thermal envelope and heating systems may be dated compared to modern building regulations, potentially leading to higher energy consumption and lower comfort levels.
Retrofit Cost*
Possible renovating / insulating expenditure
- The property has a D1 BER rating, indicating that a deep retrofit would likely be required to bring the energy efficiency up to a modern standard.
- Estimated deep retrofit cost: €30,000 - €50,000, depending on the extent of window upgrades, external or internal wall insulation (if permissible within an apartment complex context), heating system replacement (such as upgrading to high-efficiency heat pumps or modern electric heating), and ventilation improvements.
- Note that for an apartment, major external insulation or window replacements are typically managed by the owners' management company (OMC) rather than individual unit owners, so a buyer must investigate what energy upgrade works the OMC permits or plans to undertake.
Heating cost*
Estimated expense to heat this property every year
- Estimated annual heating cost is approximately 1,200 euro to 1,600 euro.
- This estimate reflects the D1 BER rating and an approximate floor area of 82 square meters, indicating potential for higher energy consumption compared to more modern, energy-efficient apartments.
Pollution Safe
8/10Environmental situation to investigate
- The location is in a built-up urban environment without heavy industrial manufacturing facilities immediately adjacent, though historical urban use should be independently verified.
- There are no major municipal waste incinerators or active large-scale landfills in the immediate vicinity, maintaining a relatively clean urban air profile.
Flood Safe
6/10Water overflow reports to follow up
- The property is located on the first floor, which provides valuable elevation above ground-level water accumulation in the event of street-level flooding.
- Proximity to mapped coastal flood areas indicates potential vulnerability in the broader vicinity during extreme tidal or surge events, though defences are present in parts of Dublin City Centre.
- Uncertainty in coastal models without accounting for local flood defences means that localized low-lying areas nearby require careful consideration during severe weather.
The property is outside the mapped flood area. But the nearest mapped area is approximately 4 metres away. This map does not account for flood defences.
Recent Local Sales
Verified residential transactions published in the previous five years
Sales on the same street or estate
APT 37, THE MILLHOUSE, FOLEY ST DUBLIN 1
- Sale date
- Declared sale price
- €300,000.00
APT 19, THE MILLHOUSE, FOLEY ST DUBLIN 1
- Sale date
- Declared sale price
- €469,000.00
APT 3, THE MILLHOUSE, FOLEY ST DUBLIN 1
- Sale date
- Declared sale price
- €254,000.00
28 THE MILLHOUSE, THE STEELWORKS, FOLEY ST DUBLIN 1
- Sale date
- Declared sale price
- €358,000.00
APT 25, THE MILLHOUSE, THE STEELWORKS DUBLIN 1
- Sale date
- Declared sale price
- €260,000.00
Recent sales in the wider The Steelworks area
12 RUTLAND PLACE NORTH, NORTH CIRCULAR ROAD, DUBLIN 1
- Sale date
- Declared sale price
- €438,000.00
APT 3 BLOCK 5, CLARION QUAY, EXCISE WALK DUBLIN 1
- Sale date
- Declared sale price
- €380,000.00
23 GLOUCESTER SQ, RAILWAY ST, DUBLIN 1
- Sale date
- Declared sale price
- €545,000.00
175 SKELLIG HOUSE, CUSTOM HOUSE SQ, LOWER MAYOR ST DUBLIN 1
- Sale date
- Declared sale price
- €367,000.00
319 BACHELORS WALK, DUBLIN 1, DUBLIN
- Sale date
- Declared sale price
- €307,500.00
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: €3,950 — 1% of €395,000.
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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: approximately 1,500 euro to 3,000 euro plus VAT and outlays.
- Land registration fees: approximately 400 euro to 800 euro depending on the property value and registration type.
- Property valuation fees: approximately 150 euro to 300 euro for a standard mortgage valuation.
- Surveyor fees: approximately 500 euro to 1,000 euro depending on the level of detail required for the apartment.
- Annual home insurance: approximately 300 euro to 600 euro depending on the policy coverage and contents insured.
Forum Talk
What people are saying about this area
- Residents in the Foley Street and north city centre area frequently discuss public transport convenience, particularly the close proximity to Connolly Station, Busaras, and the Luas lines.
- Local forums often highlight the ongoing regeneration of the north docklands and inner-city areas, noting both improvements in amenities and the challenges associated with city centre living.
- Community discussions frequently mention local retail options, cafes, and the general walkability to O'Connell Street and the IFSC.
- Security and street management in the immediate north inner city are common topics among local residents and neighbourhood groups, making it a point for prospective buyers to investigate.
LifeFit Assessment
How well this property may suit your lifestyle
Family
7 areas- Young Children3/10
The apartment offers two bedrooms, but city-center apartment living with a D1 energy rating and a lack of dedicated on-site child-friendly facilities may not suit very young children.
- Teenagers4/10
Proximity to the city center offers great access to education and amenities, though a two-bedroom apartment might feel compact for teenagers.
- Multi-generational Living2/10
With only one bathroom and a relatively modest floor area of around 82 sq. m, multi-generational living would be extremely cramped.
- Single Buyers9/10
An 82 sq. m two-bedroom layout in Dublin 1 is ideal for single buyers looking for space to live and work centrally.
- Couples9/10
Provides an excellent layout for couples wanting a central Dublin base with easy access to transport and city amenities.
- Empty Nesters6/10
Low-maintenance first-floor apartment living appeals to empty nesters, though being on the first floor without lift details explicitly verified means accessibility should be checked.
- Retirees5/10
City living is convenient for amenities, but the D1 BER rating could mean higher heating costs, and retirees should verify elevator access to the first floor.
Work
3 areas- Remote Working8/10
The second bedroom can easily double as a dedicated home office for remote workers.
- Hybrid Commuting10/10
Unbeatable convenience close to Connolly Station and Busaras for DART, Luas, rail, and bus links.
- Retired5/10
Suitable for retirees who enjoy urban strolls and accessibility, though urban noise and energy efficiency should be considered.
Practical
8 areas- Secure Gated Entry7/10
Typical of city-center developments, security features should be verified during viewing.
- Ageing in Place5/10
Single-level living is helpful, but buyers should verify elevator access and bathroom adaptability for future mobility needs.
- Low Maintenance8/10
Apartment living generally reduces exterior maintenance burdens, though the D1 BER rating indicates potential energy efficiency updates may be needed.
- Minimalist Design8/10
The apartment layout lends itself well to clean, contemporary, and minimalist interior styling.
- Flexible Floor Plans6/10
Standard two-bed apartment layout with designated rooms, offering moderate flexibility.
- Heritage Home1/10
This is a modern apartment development rather than a period or heritage home.
- Ecological Setup3/10
The D1 BER rating reflects lower energy efficiency compared to modern builds, which the buyer may wish to improve.
- Outdoor areas5/10
Features a private balcony, though it lacks a private garden or extensive green space.
Interests
9 areas- Gardening2/10
The property features a private balcony rather than a garden, limiting gardening options to potted plants.
- Walking8/10
The central location makes walking to city amenities, shops, and transport hubs exceptionally easy.
- Gym8/10
Proximity to the city center ensures easy access to multiple commercial gym facilities and fitness centers.
- Cycling7/10
City cycling routes are accessible, though urban traffic requires caution.
- Golf4/10
Golf courses will require travel outside of the immediate inner-city center.
- Fishing2/10
Inner Dublin 1 offers very limited immediate opportunities for fishing enthusiasts.
- Horse Riding1/10
Equestrian activities are entirely unsuited to this central urban location.
- Water Sports3/10
Proximity to the Liffey and Dublin Bay offers some scope, but water sports are not immediately local.
- Entertaining7/10
The open plan and private balcony provide good spaces for hosting friends before heading out into the city center.
Lifestyle
5 areas- Quiet Living3/10
Located in central Dublin 1 on Foley Street, the property is situated in an urban environment likely to experience higher noise levels.
- Rural Living1/10
This is a strictly urban city-center apartment with zero rural characteristics.
- Village Living4/10
While close to local conveniences, it lacks the distinct community village feel found in outer Dublin suburbs.
- Coastal Living2/10
Though Dublin is a coastal city, this property is deeply embedded in the inner city rather than a coastal neighborhood.
- Urban Living10/10
Situated right in Dublin 1 close to Connolly Station and Busaras, it is the definition of urban city-center living.
Social
6 areas- Community Involvement5/10
Inner-city apartment complexes have varying degrees of formal community groups, though local volunteering opportunities exist nearby.
- Café Culture9/10
Dublin 1 places residents within a short walk of countless cafés, restaurants, and social spots.
- Nightlife9/10
Extremely close to Dublin's primary nightlife, pubs, theatres, and entertainment venues.
- Health/Wellness groups8/10
Numerous pilates & stretching studios, gyms, and wellness classes operate throughout the city center.
- Networking Opportunities9/10
Central location offers prime access to business hubs, networking events, and professional meetups.
- Tech-Hub Connectivity9/10
Dublin's Silicon Docks and major tech employers are within easy reach via public transport or walking.
Listing information
- Agent
- BidX1 Ireland Ltd
- Phone
- 01 6673388
- Current status
- active
- Published on HouseDelve
- 3 November 2026
- Correction
- Report an issue
HD-E7ABAEHouseDelve · Republic of IrelandReport 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.