Over €10.2m made in residential sales in Limerick

Prescott Coill in Ballinruane, Kilmeedy, is for sale for �425,000

Prescott Coill in Ballinruane, Kilmeedy, is for sale for �425,000

  • by Anne Sheridan

OVER €10 million in residential property sales were made in Limerick last month, the latest figures from the Property Price Register reveal.

Figures for July from the national database of property sales show that 85 properties sold in Limerick, in line with sales figures for the same month since 2010, when records began for price comparison purposes.

In all, the value of residential property sales in Limerick last month amounted to over €10,260,000.

The most expensive property to sell last month was No 69 The Village in Adare Manor for €510,000, the only property to break the half a million euro mark last month.

Described as a “one of a kind property”, the five-bedroom, four bathroom home, sold for €115,000 above its market price, having earlier been listed for sale for €395,000.

The second most expensive property to sell was also in county Limerick - Dunrick House in Lisnagry, which sold for €425,000.

No property sales have been entered online for August to date.

In June, 111 properties sold in Limerick - the highest number of sales for that month in the past four years.

The property website Daft.ie currently lists over 2,500 homes available for sale in Limerick.

New to the market is Greasha House, a ulta-modern property in Castleconnell for €395,000. Built eight years ago, the four bedroom property has stunning views over the River Shannon and is available through Sherry Fitzgerald.

Also new to the market is Prescott Coill, a five-bedroom property situated on 10 acres in Ballinruane, Kilmeedy, which is for sale for €425,000. In the city, some 192 properties are available for €200,000 or less, 16 are priced between €200,000 to €400,000, and just six are priced from €400,000 and above.

On the commercial property front, a new report this week showed that the number of vacant buildings in Limerick has increased again and at 13.9% is still higher than the national average 12.6%. Nearly 1,400 of the 10,064 commercial addresses recorded in Limerick are now vacant.




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