
Apartment 90 Hill of Down House, Spencer Dock, Dublin 1, DublinD01NH76
€370,000
2 Bed~2 Bath~BER B3
What you'll like:
- Sought after location: Situated within the highly desirable Spencer Dock area, providing immediate walking access to the IFSC and Grand Canal Dock business hubs for strong tenant demand.
- Established rental income: Currently generating a robust annual rent of 30,180 euros, which delivers an attractive gross yield of approximately 8.1 percent against the asking price.
- Designated parking included: Features one dedicated off-street parking space, a rare and highly valued commodity for city centre residential properties that enhances future re-letting potential.
- Excellent transport links: Benefits from close proximity to the LUAS red line, Tara Street DART station, and numerous bus routes ensuring seamless commuting across Dublin.
- Upper floor positioning: Located on the sixth floor, which typically provides elevated views, enhanced natural light, and reduced street-level noise compared to lower units.
- Generous floor area: Spans approximately 79 square meters or 850 square feet, offering well-proportioned living spaces that comfortably accommodate modern apartment living requirements.
- Favorable energy rating: Achieves a B3 BER rating, which indicates decent thermal efficiency and may qualify future buyers for green mortgage rates if purchasing with finance.
- Modern building structure: Set within an eight-story development, suggesting a relatively contemporary construction era with standard lift access and managed communal facilities.
- Stable pricing strategy: The asking price has remained firm at 370,000 euros since tracking began, indicating a disciplined seller who is not currently inclined to panic-discount.
- Strong tenant pool: The central Dublin docklands location consistently attracts corporate professionals and tech workers seeking high-end rental accommodation near their workplaces.
- Immediate cash flow: Buying a pre-rented asset eliminates initial void periods and allows the purchaser to collect rental income from day one of closing the acquisition.
- Urban lifestyle convenience: Residents enjoy effortless walking distance to trendy restaurants, waterfront amenities, convention facilities, and major retail outlets in the heart of Dublin 1.
- Capital growth potential: Historically, properties in Spencer Dock benefit from strong long-term appreciation due to limited land supply and ongoing commercial development in the immediate vicinity.
- Manageable maintenance: Apartment living typically reduces exterior upkeep responsibilities for the landlord, as structural and communal repairs are handled by the management company.
- Clear rental metrics: The stated income of 30,180 euros provides clear baseline figures for investors to underwrite their financial models without relying entirely on speculative estimates.
- Established development context: Hill of Down House is part of a recognized multi-phase urban development, offering predictable neighborhood dynamics and established local management structures.
- Public transport versatility: Multiple transport modes within walking distance protect tenants from single-point disruptions, ensuring the location remains perpetually convenient for daily commuters.
- Strong resale liquidity: Properties of this size, type, and location tend to maintain high liquidity among both private investors and institutional funds operating in the Irish market.
- Elevated privacy: Being positioned on the sixth floor minimizes overlooking from adjacent pedestrians and provides a greater sense of seclusion above the busy streetscape.
- Defined lot specifics: The offering includes a specific lot number and clear auction parameters through BidX1, providing a structured and transparent bidding timeline for interested buyers.
But keep in mind:
- Tenancy restrictions apply: The property is sold subject to an existing tenancy, meaning vacant possession cannot be guaranteed immediately for buyers wishing to move in themselves.
- Unverified interior condition: The auctioneer notes that the property was not internally inspected or measured, so buyers must verify the physical state and finishes independently.
- Management fee uncertainties: The buyer should investigate the annual service charges and sinking fund contributions, as high management fees can significantly erode net rental yields.
- Potential lease covenants: Multi-family developments in Spencer Dock often enforce strict rules regarding short-term letting platforms, pet ownership, and balcony usage that must be reviewed.
- Lack of verified floor plan: The quoted area of 79 square meters is based on vendor information and should be independently measured by a surveyor prior to bidding.
- Auction purchase risks: Buying through an online auction platform like BidX1 typically requires non-refundable deposits upon the fall of the hammer, eliminating traditional cooling-off periods.
- Financing complexities: Purchasing a tenanted investment property can sometimes complicate mortgage approvals, as lenders may require specific lease validations and tenant compliance checks.
- Rent pressure zone limits: Being located in Dublin, the property is likely subject to Rent Pressure Zone regulations, which legally cap the percentage by which rent can be increased.
- Third-party tenant dependency: The investment relies entirely on the reliability and solvency of the existing tenant to maintain the advertised 30,180 euros annual income stream.
- Future retrofit requirements: While the B3 rating is respectable, buyers should check if any future BER upgrades will be mandated by the owners' management company to meet higher standards.
- Potential wear and tear: Because the auctioneer did not inspect the interior, the buyer assumes all risks regarding hidden maintenance issues, outdated appliances, or deferred landlord repairs.
- Unknown lease terms: The exact expiration date, break clauses, and deposit arrangements of the current tenancy agreement must be thoroughly inspected in the legal pack before committing.
- Service charge arrears risk: The buyer's solicitor must confirm that the current vendor has fully paid all historical management company service charges and has no outstanding levies.
- High entry price point: At 370,000 euros, the property commands a substantial capital outlay that must be weighed against localized market comparables and potential interest rate fluctuations.
- Lift and amenity dependency: High-rise living relies heavily on shared elevators and communal services; any prolonged maintenance issues in the building can negatively impact tenant satisfaction.
- Market liquidity shifts: Relying on auction timelines removes the flexibility of conditional contract negotiations, placing pressure on buyers to complete comprehensive due diligence very rapidly.
- Lack of recent price drops: The asking price has remained completely static at 370,000 euros without reductions, suggesting the seller has little immediate motivation to negotiate below this figure.
- Area density concerns: The Spencer Dock district is heavily built up with high-density apartment blocks, which may limit long-term views or increase ambient urban noise levels.
- Complex legal documentation: Multi-unit developments involve intricate management company covenants, house rules, and apportionment charges that require careful legal scrutiny by a qualified solicitor.
- Future taxation changes: Changes to Irish landlord taxation, stamp duty rates, or local property taxes could impact the net profitability of holding a residential investment asset in Dublin.
Price positioning
?
- The asking price appears significantly undervalued relative to typical market norms because it is marketed at a level that seems disconnected from standard per-square-metre valuations and robust rental incomes.
- Valuation signals present a stark contrast where an exceptionally high gross yield of over eight percent strongly points towards an aggressive pricing strategy designed to generate intense competitive bidding interest.
- Such a low asking figure could be supported by tenant-in-situ restrictions or regulatory hurdles, while it might be undermined by robust underlying capital values typical of this highly sought after city centre docklands location.
- Relevant market dynamics include stable pricing history tracked since initial listing alongside strong transport connectivity, suggesting the ultimate transaction value will likely adjust upwards considerably during the competitive auction process.
Build Analysis
What we know from similar construction types
- The property is a sixth-floor two-bedroom apartment within a building arranged over ground and eight upper floors, extending to approximately 79 sq. m (850 sq. ft).
- A B3 BER rating indicates relatively good energy efficiency for an apartment of this type, which should translate to lower heating and energy costs.
- As the property was not internally inspected or measured by the selling agents, a buyer should verify the exact floor area, layout, and internal condition.
- Given that the property is subject to an existing tenancy, a buyer should thoroughly investigate the terms of the lease, tenant rights, and compliance with current residential tenancy regulations.
Heating cost*
Estimated expense to heat this property every year
- Estimated annual heating cost: €800 to €1,200.
- Explanation: Given the B3 BER rating, the property benefits from relatively good energy efficiency, helping to moderate annual space heating and hot water costs for an apartment of approximately 79 square metres.
Pollution Safe
8/10Environmental situation to investigate
Flood Safe
7/10Water overflow reports to follow up
- The property is situated in an urban docklands environment near the River Liffey and Royal Canal, meaning buyers should review official local authority flood maps.
- While significant modern flood defenses protect much of the Spencer Dock area, local flood risk should be independently verified during the conveyancing process.
Recent Local Sales
Verified residential transactions published in the previous five years
Sales on the same street or estate
Apartment 41, Hill of Down House, Spencer Dock
- Sale date
- Declared sale price
- €575,000.00
APT 26, HILL OF DOWN HOUSE, SPENCER DOCK
- Sale date
- Declared sale price
- €850,000.00
53 HILL OF DOWN HOUSE, SPENCER DOCK, WALL QUAY NORTH
- Sale date
- Declared sale price
- €511,000.00
18 HILL OF DOWN HOUSE, SPENCER DOCK, DUBLIN 1
- Sale date
- Declared sale price
- €632,500.00
88 HILL OF DOWN HOUSE, SPENCER DOCK, DUBLIN 1
- Sale date
- Declared sale price
- €520,000.00
Recent sales in the wider Spencer Dock 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
- Stamp duty: approximately 1% to 2% of the purchase price (€3,700 to €7,400 for a property priced at €370,000).
- Solicitor legal fees: roughly €1,500 to €3,000 excluding VAT and outlays.
- Land registration fees: approximately €600 to €800 depending on the property value and registration type.
- Property valuation fees: typically around €150 to €300 for mortgage purposes.
- Surveyor fees: generally between €400 and €800 for a standard apartment structural survey.
- Annual home insurance: estimated at €300 to €600 per year depending on the policy coverage.
Forum Talk
What people are saying about this area
- Residents in the Spencer Dock and IFSC areas frequently discuss the convenience of city-centre living and proximity to major employers.
- Transport links such as the LUAS red line and nearby DART stations are common topics in local commuter discussions.
- Community forums often highlight the vibrancy of the Docklands neighborhood along with ongoing local amenities and events.
- Management company fees and maintenance standards in high-density apartment developments are regular points of discussion among owners.
LifeFit Assessment
How well this property may suit your lifestyle
Family
7 areas- Young Children4/10
The property is a two-bedroom sixth-floor apartment in Spencer Dock, Dublin 1. While it provides internal space, high-floor apartment living in the city centre lacks immediate access to a private garden, which is typically preferred for young children.
- Teenagers6/10
Located in Dublin 1 with excellent public transport links including the LUAS and DART, older children and teenagers would benefit from great connectivity, though a two-bedroom apartment offers limited independent space for growing teens.
- Multi-generational Living2/10
With two bedrooms and approximately 79 sq. m of space, the apartment is far too constrained to comfortably accommodate multiple generations under one roof.
- Single Buyers9/10
A well-presented two-bedroom sixth-floor apartment in a sought-after city centre location near the IFSC makes this an exceptionally strong fit for single professionals or buyers.
- Couples9/10
Offering two bedrooms, two bathrooms, and a central Dublin location close to Grand Canal Dock, this property is ideal for couples working in or near the city centre.
- Empty Nesters8/10
The sixth-floor location is serviced by lifts, and the low-maintenance apartment lifestyle appeals to empty nesters looking to downsize close to city amenities.
- Retirees7/10
Proximity to public transport and city amenities is excellent, though retirees should verify lift reliability and service charge structures for long-term comfort.
Work
3 areas- Remote Working8/10
The two-bedroom layout allows one room to easily serve as a dedicated home office for remote professionals.
- Hybrid Commuting10/10
With exceptional proximity to the IFSC, LUAS, DART at Tara Station, and multiple bus routes, hybrid commuters enjoy unmatched convenience.
- Retired6/10
Retirees who value urban convenience will find it suitable, though those seeking tranquility may prefer a quieter suburban setting.
Practical
8 areas- Ageing in Place6/10
Lift access makes vertical movement easy, but apartment living overall requires reliance on management companies for common area upkeep.
- Low Maintenance9/10
As a sixth-floor apartment spanning approximately 79 sq. m, exterior maintenance is managed centrally, making upkeep minimal for the occupant.
- Secure Gated Entry8/10
Spencer Dock developments typically feature controlled access entry systems, providing a secure environment for residents.
- Minimalist Design8/10
Modern apartment layouts naturally lend themselves well to clean lines and minimalist interior design approaches.
- Flexible Floor Plans5/10
The apartment has a fixed footprint of roughly 79 sq. m with two bedrooms, offering limited scope for major structural layout alterations.
- Heritage Home1/10
This is a modern multi-story apartment building rather than a period or heritage property.
- Ecological Setup7/10
The property achieves a respectable B3 BER rating, indicating decent energy efficiency for a modern apartment.
- Outdoor areas3/10
Private outdoor space is minimal or absent aside from communal grounds, though local urban parks and the dock waterfront are nearby.
Interests
9 areas- Gardening1/10
As a sixth-floor apartment without a traditional garden or substantial terrace mentioned, opportunities for gardening are practically non-existent.
- Walking8/10
The property's location offers great walkability along the docklands, the Liffey quays, and into the heart of Dublin city centre.
- Gym8/10
The central Dublin location ensures easy access to numerous commercial fitness centres, health clubs, and boutique gyms in the IFSC and docklands.
- Cycling7/10
Flat city terrain makes cycling a viable commuting option, though urban traffic requires caution and secure bike storage within the development should be verified.
- Golf3/10
There are no golf facilities nearby, requiring travel outside the immediate city centre core to access courses.
- Fishing2/10
While near the docklands and river, recreational fishing is extremely limited directly adjacent to this urban setting.
- Horse Riding1/10
Equestrian activities are entirely absent from this dense urban environment.
- Water Sports4/10
Proximity to the grand canal dock allows for occasional localized water activities like kayaking or paddleboarding, but options are restricted.
- Entertaining7/10
The open-plan interior and central location make it convenient to host friends before heading out to nearby city restaurants and bars.
Lifestyle
5 areas- Quiet Living4/10
Situated in Spencer Dock, Dublin 1, the immediate surroundings are urban and bustling, meaning city noise and activity are to be expected.
- Rural Living1/10
This is a prime city centre apartment setting with zero rural characteristics.
- Village Living5/10
While firmly urban, the Spencer Dock area offers a localized community feel close to the docks, though it lacks traditional village charm.
- Coastal Living3/10
Though near the river and docklands area, this is an urban dockside environment rather than a true coastal lifestyle location.
- Urban Living10/10
Located right in Dublin 1 within walking distance of the IFSC, Grand Canal Dock, and excellent transport links, this is the epitome of urban living.
Social
6 areas- Community Involvement5/10
Apartment complexes have residents' associations, but traditional tight-knit community structures are less prominent compared to suburban housing estates.
- Café Culture9/10
The IFSC and Grand Canal Dock districts boast an extensive and vibrant selection of contemporary cafés and eateries.
- Nightlife9/10
Being situated in Dublin 1 places residents within easy reach of the city's premier pubs, bars, restaurants, and entertainment venues.
- Health/Wellness groups8/10
Numerous fitness studios, yoga classes, pilates & stretching instructors, and wellness groups operate throughout the immediate docklands area.
- Networking Opportunities10/10
Living adjacent to Dublin's primary financial and tech hub (IFSC and Grand Canal Dock) provides supreme networking potential for professionals.
- Tech-Hub Connectivity10/10
Located directly in the heart of Dublin's technological and financial district, physical and digital connectivity for tech workers is absolute.
Listing information
- Agent
- BidX1 Ireland Ltd
- Phone
- 01 6673388
- Published on HouseDelve
- 7 October 2026
- Correction
- Report an issue
HD-C4550CHouseDelve · 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.