One of Limerick's cheapest homes withdrawn from sale

A TWO-BED one bath home located in the heart of Limerick city centre which went on the market for just €40,000 has been pullled from sale.

Three, Creagh Lane on King's Island was dubbed Limerick’s most affordable home earlier this year when it hit the market.

The townhouse requires extensive refurbishment, and it is not connected to any services.

Despite this, it is situated in a prime location, just a few minutes walk from the city centre's amenities, including the new Opera Centre development, and Barrington's Hospital.

The owner of the property is Limerick City and County Council, which withdrew the home from public sale.

This information was made available following a question by Príomh Chomhairleoir, Cllr Dan McSweeney at the full monthly meeting.

He sought an update on the sale of number three Creagh Lane, and a neighbouring property at number four which went on the market for €50,000.

Head of property Jayne Leahy confirmed both homes were withdrawn from the market "so their future use could be explored as part of the broader redevelopment to improve amenities and public realm across King's Island".

She disclosed four people had placed bids for number three, pushing the price up to €75,000.

Number four Creagh Lane saw two bids pushing the price to €55,000.

However, the two properties together, saw six groups or individuals bid for the home, with the final offer at €255,000.

“The proximity of the properties to a key historic building and adjacent lands in the King’s Island needs careful consideration in any decision made and before ownership of these properties might be lost to the council,” Ms Leahy added.

Mayor John Moran said all options are on the table with regard to the two properties.

“It may mean we sell it, and somebody puts housing in there. It may mean we connect it up to the castle. We are still looking at that,” he said.