Business Property & Mortgages

Thursday 18 September 2014

Our average house price is now just over €132,000 – but value still depends on location

Published 28/10/2013 | 01:55

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Balbriggan - €122,500
Carrick-on-Shannon - €110,000
Lavender Cottage - €115,000

THE average house price currently stands at €132,636, according to the Property Price Register, but where you plan to buy dictates what bang you get for your buck.

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There are plenty of apartments to go around in the capital, including a two-bedroom unit in Rathcoole for €117,000, while another is for sale in Finglas for €82,000.

But in Dublin, it's very hard to get a large family home unless you're prepared to move to the outer suburbs.

An end-of-terrace four-bedroom house is for sale in Balbriggan for €122,500. A three-bedroom house is also for sale in Ballyfermot. There is better value in Galway, with an apartment on the Fairgreen in the city centre, just off Eyre Square, costing €100,000.

A semi-detached house in Lower Newcastle, currently divided into three apartments, is also available for €100,000, but would require work to transform it into a family home.

The real value is in counties with low house prices. The average price for a home in Leitrim is €76,440, and there's plenty of value to be found.

A three-bedroom family home in walking distance of Carrick-on-Shannon is just €110,000, while a four-bedroom log cabin in the Drumcoura Lake Resort at Ballinamore is just €110,000.

Marketed as an "exclusive lake resort" of just 23 log cabins, homeowners can enjoy coarse fishing and also avail of a bar and restaurant, nearby equestrian centre offering horse riding lessons along with water sports and tennis lessons.

Lavender Cottage, near Dromod, is just €115,000. A detached four-bedroom home, it is close to the fishing lake of Lough Rynn Castle Hotel.

It includes outbuildings and also features a "nice, well-maintained garden floral display".

Irish Independent

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