Rennie Place in Dublin

Name: Sales in Rennie Place started!
Start: 2022-07-06T11:57:49.346666+00:00
End: 2023-12-31T23:59:59+0000
Location: Rennie Place

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Project info

Object ID: 20665

Finished at	February 2024
Price, m²	From 3650$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 47.00 m²
Floors	3
Apartments	171
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Near hospital
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Return on investment for apartment

with price

9,026$

Rental income

1,103$

Management

689$

Utilities

451$

5% Income tax

6,783$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	30$	270$
February	28	35%	10	30$	300$
March	31	22%	7	33$	231$
April	30	23%	7	40$	280$
May	31	38%	12	40$	480$
June	30	73%	22	45$	990$
July	31	87%	27	75$	2025$
August	31	87%	27	75$	2025$
September	30	60%	18	55$	990$
October	31	58%	18	40$	720$
November	30	36%	11	30$	330$
December	31	35%	11	35$	385$
Total	365		179		9026$
Average		48%		44$

Total invested

171,550$

Net profit

6,783$

Payback period

19.0 years

Avg property value increase per year

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About the project

In the heart of the charming fishing village of Howth, Rennie Place is a new residential quarter in Balscadden which will deliver 177 new apartments

Built over three blocks and one mews, the apartments will enjoy views of the village, historical sites like Martello tower and the sea.

As well as providing welcome new housing to the area, we plan to upgrade existing pedestrian links and create two public plazas for residents and neighbours to enjoy.

The development will feature 171 apartments and 6 duplexes as well as a central courtyard, numerous open spaces for recreational use and landscaped paths throughout. There will also be commercial space with two shop units, a community room and a café.

In keeping with Howth’s famous roofscape—which has a character of its own—the new buildings will feature pitched roofs of varying heights built with subtle materials. Each dual aspect apartment brings the airy feeling of Howth inside with open plan kitchen and living areas, private outdoor space and village views.

Howth is a place like no other in Dublin; a magical village that is cherished by all who know it.

There is both a sense of calm and activity here, with a bustling fishing harbour where visitors stroll on the pier, eat the famous fish and chips and spend time with the resident seals.

Rennie Place will be located in the centre of all this, on Main Street, with access to the city via the DART station and Dublin Bus only minutes walk away.

Developer

Since the acquisition of the first site in 2014, Marlet has grown to become one of Ireland’s largest independently owned property developmen…
Details about Marlet