Living near a rail line adds to the value of a property. By how much is difficult to quantify, but a 10 per cent premium is not unreasonable. The imminent opening of new red line Luas stops later this year at Broombridge, Cabra, Phibsboro and Grangegorman in Dublin 7 will almost certainly boost the appeal of these areas, from a convenience and (relative) affordability perspective.
When the Luas opened 14 years ago the suburban villages of Dundrum, Sandyford and Stepaside all felt very far removed from the city centre. A 25-minute journey time to the city centre from Sandyford seemed revolutionary.
Read the full details in the Irish Times
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