Saturday 21 October 2017

You can now buy a castle in Limerick for less than an average Dublin house

Beagh Castle
Beagh Castle

Rebecca Lumley

A castle in Limerick is on sale for just €280,000, the same price as a two-bedroom house in Swords, Co Dublin.

Beagh Castle, in Ballysteen, Co Limerick sits on a 17.5 acre property and includes a separate house with full planning permission to build and extend.

While the castle itself must be maintained as an historic ruin, the buyer will be provided with the site in full and will be free to renovate the existing detached structure.

The site sits on the banks of the River Shannon, with the property’s ad on Daft.ie promising “stunning views” and “excellent land.”

Mary Scanlon, of Scanlon Auctioneers, said the castle was located in a “beautiful area” that attracts “lots of visitors in the summer.”

“It’s a unique opportunity to buy a special piece of history.”

The price of the castle has dropped significantly in recent months, going from €330,000 in July to €280,000 in September.  Ms Scanlon attributed the cause to the vendor’s desire for a quick sale.

For the same price as Beagh Castle, house hunters in Dublin could purchase a two-bed terraced house in Inchicore, Dublin 8. They could also secure a two-bed, one bathroom apartment in Castleknock, Dublin 15, or a three-bed semi-detached house in Clonlee, Dublin 15.

According to the most recent Daft.ie report, Beagh Castle is cheaper than an average Dublin property. The average price of a house north of the City is €323,550, while it comes in as €387,266 south of the city.

South County Dublin is the most expensive place to buy property, with an average of €563,442.

Beagh Castle is, however, dearer than a standard Limerick property, with the county reporting an average asking price of €170,866. This jumps to €177,199 for Limerick City.

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