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Nine Arches Bridge in Milltown.
Image: Flickr/William Murphy
THE AVERAGE ASKING price of a home in Milltown is now over the €520,000 mark according to the latest market figures.
Sitting right on the Green Line Luas, Milltown has a mix of older established residents and young families, thanks to the massive rise in apartment construction in the area in recent years.
Analysis by Daft.ie of prices across all properties in the first quarter of 2018 puts the exact average price for the Milltown/Dartry area at €522,691.
If you think that’s high, you’re right – it puts Milltown in the top 21% of Dublin neighbourhoods by average price.
Of course, the Dublin 6 and 6w postcodes are pretty well known for their high price tags. By Dublin 6/6w standards, Milltown sits right in the middle: you’ll pay just over €700,000 in Rathgar right now, and €503,000 in Rathmines.
For a slight drop in price, head to Dublin 14, where €502,030 will get you a home in Dundrum, or €485,933 a home in Rathfarnham. In nearby Kimmage, prices are far lower, with an average asking price of €374,858 according to Daft data.
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At the peak of the Celtic Tiger, average asking prices in Milltown hit an all-time high of €652,000 – before dropping to a low of €295,000 during the recession.
On average based on statistics from 2018, 2017 and 2016, prices in Milltown have risen by 6.2% year on year – so if you can afford the prices, now’s the time to take the plunge.
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