Ireland Penthouses: Top-Floor Apartments with Terraces

1. Terrace and roof rights: confirm that the terrace belongs to your unit.
2. Service charges: premium blocks may have concierge and lifts, so charges are high.
3. Defects and fire safety: newer blocks sometimes need remediation.
4. Parking: is a space included and how is it titled?
5. Wind and noise: top floors can be exposed.

A structural survey and a review of the owners' management company accounts are wise.

Stamp duty of 1% up to €1 million applies, with a higher rate on the portion above. Legal fees are typically 1-1.5% plus VAT. Buyers are often professionals, downsizers and overseas investors. Rental income is taxable in Ireland. See the Ireland consultation guide, then check financing in Ireland.

On viewing, check the terrace surface, balustrade height, drainage and the condition of doors leading outside. Ask how the heating and ventilation work, the date of the last fire-safety inspection and whether there have been any water ingress claims in the building. Find out about the number of owner-occupiers versus tenants in the block, which affects management and resale. If you are buying from abroad, appoint a solicitor early, because Irish sales can move from accepted offer to signed contract quickly.

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