Keen to get higher returns on rental property? Buy smaller Dublin apartments to achieve a better return on investment. Gross rental yields in Dublin 1, Dublin 3, Dublin 6W, Dublin 7, and Dublin 8 are excellent, ranging from 6.19% to 7.96%.
For a landlord, the gross rental yield is the rent earned before tax, vacancy, and other costs in relation to what he paid for the property. You can get more for one-bedroom Dublin apartments, especially in low-cost areas such as Dublin 1. Here, a one-bedroom apartment worth EUR 239,000 will generate a rental yield of 7.96%. In Dublin 7, you can expect a yield of 7.60%. Four- and five-bedroom homes earn lower yields.
The average one-bedroom apartment in Dublin sells for approximately EUR 200,000 while something similar in Dublin 1 goes for an additional EUR 39,000. A monthly rental of EUR 1,586 will generate a yield of 7.96%.
By comparison, a one-bedroom apartment in Dublin 3 sells for approximately EUR 280,000. A monthly rental of EUR 1,505 will generate a yield of 6.45%.
Prices in Dublin 6W are similar. You’ll pay EUR 10,000 more for a one-bedroom apartment. A monthly rental of EUR 1,497 per month will generate a yield of 6.19%.
Surprisingly, apartment prices and rentals are cheaper in Dublin 7 and generate higher returns. A one-bedroom apartment sells for approximately EUR 232,000. You can rent it out for EUR 1,469 per month in return for a yield of 7.60%.
A similar unit in Dublin 8 costs around EUR 242,000. A monthly rental of EUR 1,497 will generate a return of 7.42%.
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