29A & 29B ST. MARY'S DRIVE, Walkinstown, Dublin 12

€625,000

Beds

Price

€625,000

Property Type

Investment Property

Size

meters²

Energy Rating

BER-

Refreshed on

Sep 10, 2025

Eircode

D12 K27Y

Group Name

KELLY BRADSHAW DALTON

Sales License Number

004564

Description

KELLY BRADSHAW DALTON are delighted to present to the open market this exceptional residential investment opportunity at 29A & 29B Saint Mary’s Drive, Walkinstown, Dublin 12. Situated in a mature and well established neighbourhood, this fully detached dual unit property comprises two exceptionally spacious four bedroom apartments, each with its own private entrance and benefits from four private parking spaces, a rare offering in this location. The total internal floor area extends to approximately 199.2 sq.m (2,144 sq.ft), and the layout offers superb flexibility, with both apartments laid out to maximise rental potential while also providing scope for future reconfiguration or enhancement, subject to planning permission. The ground floor unit (29A) includes a private patio garden and offers four generous bedrooms, a full bathroom, a guest W.C. and a fully fitted kitchen with direct access to the rear garden. The first floor apartment (29B) features equally spacious accommodation with four large bedrooms, a bright living room, kitchenette, family bathroom and a fully converted attic room, ideal for use as storage or home office space. The property was previously generating a combined rental income of €4,225 per month. Based on current market conditions, revised rental figures project an increased return of €2,431 for 29A and €2,238 for 29B. In addition, the four private parking spaces have the capacity to generate an additional €320 per month (€80 per space). This brings the total projected rental income to €59,868 per annum, delivering a strong yield of approximately 10%. Both units were vacated in June 2024 and are being sold with vacant possession, offering immediate letting potential. Originally converted in 2017, the ground floor unit benefits from exemption from planning, which will appeal to investors seeking a low risk, income producing asset with minimal compliance concerns. The overall layout and proportions of the building also make it suitable for a variety of future uses, including HMO (multiple occupations) style accommodation, subdivision into smaller units, or even a co-living model, subject to planning permissions. Located in the heart of Walkinstown, this is one of Dublin 12’s most connected and high demand rental areas, favoured by tenants due to its proximity to the M50, Kimmage Cross Roads, and multiple Dublin Bus routes providing swift access to the city centre. The area is well served by a mix of schools, parks, shops, cafés and sporting facilities, making it an attractive and convenient residential setting for long term tenants. This is a rare opportunity to acquire a high yield, ready to let investment in a location where demand consistently outpaces supply. With vacant possession, strong historical rents and scope for future uplift, 29A & 29B Saint Mary’s Drive represents an exceptional addition to any investor’s portfolio. Viewing is by appointment and early enquiries are strongly advised.

Description

€625,000

29A & 29B ST. MARY'S DRIVE, Walkinstown, Dublin 12, D12 K27Y

Description

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