Sunday 24 May 2015

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

Published 28/10/2013 | 01:55

Balbriggan - €122,500
Balbriggan - €122,500
Carrick-on-Shannon - €110,000
Newcastle - €100,000
Ballinamore - €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.

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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