Limerick homes fetch €11m in October

Anne Sheridan

Reporter:

Anne Sheridan

Resurrected: The former ghost estate in The Grove, Bruff, now completed.Picture: Michael Cowhey
PROPERTIES worth over €11m sold in Limerick last month, according to the latest listings with the Property Price Register.

PROPERTIES worth over €11m sold in Limerick last month, according to the latest listings with the Property Price Register.

The national database of house sales shows that 74 properties changed hands last month, the most expensive of which was La Chasse on the North Circular Road, which consistently sees the highest price sales in the county, for €1,150,000. It sold on October 9 last and it remains one of the most expensive properties to sell in Limerick this year.

It is understood that the five-bedroom property may have changed hands privately or within a family, as a number of auctioneers in the city confirmed that they were not involved in this sale.

The next most expensive was Kilkerrin on Clancy Strand which sold for €535,000.

Auctioneer Pat Dooley said there is plenty of bite in the property market across the city and county, particularly in The Grove, Main Street, Bruff, where the entire development of three and four-bed townhouses have all been sold for between €110,000 to €145,000.

“A lot of the purchasers were first time buyers and retirees,” he told the Leader.

The former ghost estate was completed by Derry O’Mara of OMC developments, and all will soon be inhabited. “There were nine houses, and the last few deposits came in a few weeks ago even though they haven’t all been completed yet,” he added.

In all, 1,480 houses have sold so far this year in Limerick.

In September, 211 houses sold in Limerick, including Clorane in Manister, Croom, which sold for €445,000; Pio Ville on the North Circular Road sold for €485,000; 7 Cherryfield, Monaleen, sold for €395,000, and Marillac on O’Connell Avenue sold for €455,000.

By comparison, some 860 homes have sold in Clare so far this year, some 870 sold in Tipperary, and nearly 1,000 have sold in Kerry, making Limerick the second most popular county in Munster to purchase this year, after Cork which has seen a staggering 3,826 sales so far this year.