Dublin Area Guide – Smithfield
Smithfield is an up and coming area with huge upside potential. We predict that this area will become in even higher demand in coming years as the market has practically restored itself already. Smithfield appeals to every type of person; with business owners, first time buyers, investment property buyers and renters all looking for a property that suits their needs. With already available office units to rent, Smithfield will grow and prosper. Depending on which side of the coin you are on, it is good to see the rent rates continue to grow as it shows a sign of economic restoration.
Smithfield has an abundance of modern apartment complexes and small terraced houses. The apartment complexes consist of mainly one and two bedroom apartments. With circa. 2000 apartments in the area, it is an ideal place to look for investment property. To add to the value of the properties many of the apartments look onto a beautiful and famous market square.
While scoping out the community as a place to live, one cannot help but notice the diversity of commercial venues, high rise apartment blocks, the large square, the 50 foot high multi-coloured torches, the lookout tower, the skillfully designed green and the playground. You will find a range of properties between €200,000 to over €750,000. The bulk of Smithfield’s real estate happens to fall between two hundred and the mid three hundred thousand price range.
To begin with, Smithfield was a fair for farmers to come to sell their goods. This was quickly given the name “Margadh na Feirme”, meaning ‘market of the farmers’ or simply ‘farmers market’. Until very recently the farmers market took place on the square every second Tuesday of the month. People would bring their animals, produce, jewellery, etc. to sell. There were small terraced houses built to the side of the market area where owners could be close to the markets. Since then these properties have been renovated and the property market has grown hugely thanks to the Celtic Tiger era. Project developers funneled millions of euro into the Apartment blocks and were built one after another. As a consequence the area grew to 2000 apartments heavy. These apartments and roadside terraced houses have appealed to the young professional first time buyer, as well as the older empty Nestor’s looking for one floor living.
With all modern and grand apartment complexes, there are more expensive penthouse apartments offering a range of views. One of the more attractive things about Smithfield, other than its location, is the variety of places to eat, not only on the square but on the surrounding streets and at the tourist attractions as well. Smithfield does not offer a huge range of shopping outlets but you are not far from any of the heavily populated shopping streets Dublin City Centre has to offer. If you ever feel the need to get away from the hustle and bustle of city life you can hop on one of the range of public transports; i.e. bus routes or a Luas stop.
The property market in Smithfield is ever growing. Daft’s most recent Analysis of Dublin’s rental market shows that average rents are now higher than they were at the peak of the Celtic Tiger. There has been more than 20% growth in the past two years and there’s no sign of it slowing down. Smithfield is getting great Sale prices at the moment but holding off for a while may be the best bet as the rents are rising. Therefore the sale prices are doing the same. If you’re in the market to buy Real Estate, in Smithfield you will find both residential and commercial options to choose from.
Quick Smithfield Area Guide
Our Favourite All Day Food Spots/Restaurants
Value For Money: Third Space.
Recreation & Attractions:
-Colourful 50 foot tall Light up Torches
-Green seating area
Charter Medical Group – Rapid injury clinic
Schools and Colleges
-Primary school nearby
-Secondary school nearby
-DIT, Bolton Street College
If you are thinking of buying or selling in Smithfield, give us a call