This week we will be looking at properties with lower monthly mortgage repayment rates compared to the average rent in Dublin.
Currently, the average rent in Dublin is at a whopping €2,300 per month. Skyhigh rents combined with a steep rise in the cost of living have renters in the capital under a lot of pressure.
We found five houses with lower monthly mortgage payments compared to the average rent thanks to the experts at Auctioneera.ie. A spokeswoman said: "Presently we have 21 properties around Dublin under €300,000. Obviously, the challenge would be raising the funds for the deposit but if people could do that then their monthly mortgage payments would be substantially lower than the present monthly rents we’re seeing in Dublin, averaging around €2,300.
Read more: Dublin ranked as second worst capital city to buy property in Europe
"Aside from a mortgage, people could look into the potential of a Local Authority Home Loan (max’ value of the property is capped at €360,000)."
Here is a full list of five properties across Dublin that have less monthly repayment rates than the average monthly rent. Please note these properties are for sale through private treaty and the prices are calculated based on a fixed mortgage rate of 3.7% over 30 years:
Apartment 58, Custom Hall Block 2, Gardiner Street Lower, North City Centre - €1,229.57 per month
This lovely two-bedroom apartment is bright and airy thanks to its south-facing windows. The two double bedrooms have excellent storage in the form of built-in wardrobes.
Apartment 122, Hampton Square, Navan Road - €1,354.61 per month
Another stunning apartment that has so much to offer. One of the best features of the apartment is the two balconies that allow plenty of natural light to flood in.
17 Orchard Way, Greenwood, Donaghmede - €1,146.21
17 Orchard Way is a three-bedroom apartment that is located in a secure and quiet complex. The home is paid out over two floors with a large living room and kitchen on the ground floor along with a large balcony overlooking the beautiful green area and the three bedrooms are located upstairs.
Apartment 11, Marlfield Mall, Kiltipper Way, Tallaght - €1,062.85
This delightful apartment has three bedrooms and is set over two floors. The home also has a balcony which can be accessed through large sliding glass doors.
Apartment 47, Joyce House East, Viking Harbour Apartments, Usher's Island South City Centre - €1,021.17
This one-bedroom apartment is in a prime location just minutes away from some of the best amenities Dublin city centre has to offer. It also comes with a parking space in a secure underground carpark.
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