Size Matters: Bedroom Count vs Property Values in Dublin 2024

Executive Summary

Property size significantly influences Dublin's property values, with 4-bedroom homes averaging €818k compared to €293k for 1-bedroom apartments. Our analysis reveals clear pricing patterns based on bedroom count.

Bedroom Count Distribution

Dublin Market Overview

• 1-bedroom properties: 11.8% of market (2,468 transactions)
• 2-bedroom properties: 47.7% of market (10,050 transactions)
• 3-bedroom properties: 30.2% of market (6,349 transactions)
• 4-bedroom properties: 8.5% of market (1,787 transactions)
• 5+ bedroom properties: 1.8% of market (379 transactions)

Average Prices by Bedroom Count

1-Bedroom Properties: €293k average

• Price range: €150k - €600k
• Property types: 91% apartments

2-Bedroom Properties: €400k average

• Price range: €180k - €900k
• Property types: 75% apartments, 25% houses

3-Bedroom Properties: €526k average

• Price range: €220k - €1,200k
• Property types: 42% semi-detached, 35% terraced, 23% apartments

4-Bedroom Properties: €818k average

• Price range: €350k - €2,000k
• Property types: 35% semi-detached, 38% detached, 27% terraced

5+ Bedroom Properties: €1,253k average

• Price range: €550k - €3,200k
• Property types: 68% detached, 32% large semi-detached

Size-Based Value Progression

1 to 2 bedrooms: +37% price increase

2 to 3 bedrooms: +36% price increase

3 to 4 bedrooms: +40% price increase

4 to 5+ bedrooms: +39% price increase

Economic Implications

Affordability by Size

• 1-bedroom affordability: 4.3x average Dublin income
• 3-bedroom affordability: 8.0x average Dublin income
• 5-bedroom affordability: 15.6x average Dublin income

Property size creates clear market segmentation, with larger homes commanding significant value premiums in Dublin's market.