If you need a cheap house in Limerick founded in Ireland, then here’s the place you need. Finding a house for less than €100,000 could initially be regarded as very difficult, however, there is lots of potential out there if the client is ready to search for it. In this article, we will show you the areas where you can make a cheap house buying in Limerick for under €100k and tips for buying properties under budget.
Why Consider Limerick for Affordable Housing?
Limerick is one of Ireland’s most vibrant cities, offering a blend of historic charm and modern living. Known for its affordable property market compared to cities like Dublin and Cork, Limerick presents a range of housing options for first-time buyers, investors, and those looking to downsize on a budget.
Benefits of Buying in Limerick:
- Affordable Property Market: Limerick was found to be more affordable for homeowners than other major cities of Ireland.
- Strong Rental Yields: If you are a bull, Limerick does afford a good rental yield on investment because there are several students and professionals.
- Growing Economy: Currently, Limerick’s economy is empowered by various tech and industrial organizations.
- Great Quality of Life: Cheap living, there is a large availability of park area, culture, and good togetherness between people.
Where to Find Cheap Houses in Limerick
Finding houses under €100k can be difficult, but certain neighborhoods and strategies can help. Below is a list of areas in and around Limerick where you are more likely to find homes within this price range.
| Area | Price Range | Property Type | Comments |
|---|---|---|---|
| Ballinacurra | €80,000 – €95,000 | Older semi-detached | Close to the city center, offers great value for money |
| Moyross | €70,000 – €100,000 | Terraced homes | Developing area with potential for future growth |
| Rathbane | €85,000 – €100,000 | Terraced & semi-detached | Quiet neighborhood with affordable homes available |
| Garveys Bridge | €75,000 – €90,000 | Small cottages | Located just outside the city, ideal for rural living |
| Bruff | €60,000 – €90,000 | Cottages and bungalows | Situated around 30km from Limerick, great for those seeking a peaceful setting |
| Abbeyfeale | €65,000 – €95,000 | Bungalows | Offers very affordable homes with easy access to Limerick City |
Tips for Buying Cheap Houses in Limerick
When looking for cheap houses for sale under €100k, it’s important to keep a few key strategies in mind:
1. Search Online Property Portals
- Websites such as Daft.ie and MyHome.ie are ideal for finding budget properties.
- Use advanced filters to set your maximum price at €100k to avoid being overwhelmed by higher-priced options.
2. Consider Properties Needing Renovation
- Many properties under €100k may require some degree of renovation. If you’re willing to invest in repairs, you can find great bargains.
- Look into the Help-to-Buy scheme or grants for home renovations to ease the financial burden.
3. Expand Your Search to Surrounding Areas
- Don’t limit yourself to the city center. Towns and villages within commuting distance, like Bruff and Abbeyfeale, offer much cheaper housing options while still giving you access to Limerick’s amenities.
4. Work with a Local Estate Agent
- Having a local estate agent can help you find homes that aren’t listed online and assist with negotiation.
Things to Consider Before Buying
1. Housing Repairs and Maintenance Budget
In new structures, the investors get houses that may need several renovations to be done. Bear in mind, that you should include this into the general cost.
2. Property Taxes and Legal Fees
This is particularly important because you also incur costs such as legal fees and stamp duty and in some cases property taxes, which could mean that the cost of your new home may be higher than expected.
3. Energy Efficiency
Generally, older homes may not make an effective utilization of energy as the newer constructions. Check for grants for retrofit if your new home requires insulation or modification of heating systems.
Potential Pitfalls to Avoid
1. Too-Good-to-Be-True Deals
If a house seems priced way below market value, there might be hidden problems such as structural issues or pending legal complications.
2. Neglecting Surveys
Always get a full survey done on any property you’re seriously considering. It may cost extra upfront, but it can save you from expensive surprises down the line.
