Temple Gardens, Rathmines

PHOTO: Temple Gardens, Rathmines is “a quiet road of just 26 houses”.

Ireland’s most expensive street based on property values has been identified in a new report published on Sunday.

The Daft.ie report says Temple Gardens, in the Dublin 6 suburb of Rathmines, three properties traded for more than €2 million, with an average price tag of €3.1 million.

It was previously described by Irish Times Property Editor Madeleine Lyons as “a quiet road of just 26 houses tucked away between the broad sweep of Palmerston Road and quieter Merton Road running along the Luas track to Cowper”. She noted that “for a short stretch of detached and semi-detached homes, it certainly punches above its weight when it comes to sales.”

Temple Gardens, Rathmines. Photograph: Google Street.
Temple Gardens, Rathmines. Photograph: Google Street.

On the other end of the scale there are now only two areas in the country where average property values remain below €100,000. They are Bundoran, Co Donegal where the average is- €91,000 and Castlereagh, Co Roscommon which saw average house prices of €96,000 in 2020.

The value of all residential property in Ireland now stands at over €536 billion, up from €518 billion a year ago, representing a daily increase of €50 million, according to the report.

There were 638 transactions of €1 million or higher for individual properties in 2020 so far.

The highest concentration of property millionaires is in Dalkey with 643, followed by Ranelagh (305) and Ballsbridge (235).

House prices are growing by 3.5 per cent year-on-year and in 2020. By location, the most expensive markets are all in Dublin. The average asking price in Mount Merrion is now €820,000, followed by Dalkey €765,000, and Sandycove €746,000. By comparison, the average asking price nationwide is €264,000.