Street Plans Model (public)

	B	C	D	E	F	G
1
2
3	How many new units could be built across Ireland if street votes become law?
4
5
6	Inputs
7
8	Storeys in different areas:
9	Towns	4
10	Cities (Dublin, Limerick, Cork, Waterford, Galway)	6
11
12	Residential yield (used to estimate rent paid during construction)	8%
13
14	Assumed uptake percentage	10%
15
16	The number of financially viable new units that could be generated if Irish communities chose to do street votes	147,079
17
18
19	Calculation
20
21	Sample size	141
22	# where this would be profitable	74
23	Percentage of sample that would be financially viable	52%
24	# of new sq m constructed in sample	13962
25	# of potential new apartment units (73sqm) in sample	191
26	Increase in 73m units as a percentage of housing units in sample	1.36
27	# of non-social (private) housing in Ireland	1,084,296
28	The number of financially viable new units that could be generated if Irish communities chose to do street votes	1,470,793
29
30	Assumptions
31
32	Housing figures by category
33	# of dwellings in Ireland (CSO, 2022)	2,112,121
34	Total houses Ireland (ESRI, 2024)	1,886,124
35	# social homes Ireland (Housing Europe, 2023)	185,000
36	Rural housing (CSO,2019)	616,828
37
38	Financing and development cost
39	Development Cost per Sqm	2,200
40	Finance cost	5%
41	Margin for homeowner	20%
42
43	Floor area sqm threshold	Number of bedrooms
44	0	1
45	50	2
46	75	3
47	100	4
48	150	5
49
50	House price data in thousands of Euros (source)
51	Location	1 bed apartment	2 bed terraced	3 bed semi-d	4 bed bungalow	5 bed detached
52	Dublin 1	264	373	490	699	817
53	Dublin 2	357	503	636	886	1037
54	Dublin 3	323	443	547	823	972
55	Dublin 4	407	563	746	1142	1307
56	Dublin 5	211	331	455	735	854
57	Dublin 6	343	538	740	1195	1388
58	Dublin 6W	276	432	594	960	1115
59	Dublin 7	228	357	491	792	920
60	Dublin 8	230	360	495	799	929
61	Dublin 9	216	339	467	753	875
62	Dublin 10	156	245	337	543	631
63	Dublin 11	173	271	373	602	700
64	Dublin 12	195	305	420	679	788
65	Dublin 13	220	345	475	767	891
66	Dublin 14	263	412	567	916	1064
67	Dublin 15	175	274	377	609	708
68	Dublin 16	239	375	516	832	967
69	Dublin 17	168	263	362	584	678
70	Dublin 18	250	391	539	869	1010
71	Dublin 20	195	306	421	679	789
72	Dublin 22	149	234	322	519	603
73	Dublin 24	155	244	335	541	629
74	North Co Dublin	183	287	395	638	741
75	South Co Dublin	301	471	648	1047	1216
76	West Dublin	172	270	372	600	697
77	Cork City	149	210	312	518	646
78	Limerick City	152	214	318	527	657
79	Galway City	123	174	258	428	533
80	Waterford City	106	149	221	367	458
81	Meath	123	183	252	467	514
82	Kildare	133	196	271	502	552
83	Wicklow	159	235	325	602	662
84	Louth	112	166	230	426	468
85	Longford	68	101	139	257	283
86	Offaly	93	137	190	351	387
87	Westmeath	104	154	212	393	432
88	Laois	95	141	195	361	397
89	Carlow	97	144	198	368	404
90	Kilkenny	107	158	218	404	444
91	Wexford	100	148	205	379	417
92	Waterford Co	124	161	229	419	464
93	Kerry	103	134	189	347	384
94	Cork Co	114	148	210	385	426
95	Clare	99	128	182	333	369
96	Limerick Co	95	123	174	320	354
97	Tipperary	97	126	179	328	363
98	Galway Co	98	133	177	323	355
99	Mayo	85	116	154	281	309
100	Roscommon	76	103	137	250	275