2 Clarence Terrace, Summerhill North, Cork, T23 W272
63 homes sold nearby. See what they went for — and what to bid on this one.
€550,000 · 4 Bed · 5 Bath · 256m² · Terrace
Market Position
Below Typical Sale Prices
At €550,000, this home is priced below what similar properties sold for in the area. That's a favourable starting position — but consider a structural survey before committing.
63 closed sales nearby · 10mo recency · High confidence · Property Price Register
Sources: PPR, SEAI, OPW, planning records.
How this is calculated
We search the Property Price Register for closed sales near this property — matching by location, beds, property type, and where available, floor area (±20%). This gives us a set of genuinely comparable transactions.
Each sale is then time-adjusted to today using local price trends, so a sale from 18 months ago is inflated (or deflated) to reflect current market conditions. Where floor area is known, sales are also size-adjusted — a 90m² sale is normalised to what it would have sold for at this property's size. This means the figures you see aren't raw prices — they're what those same homes would likely sell for today, at this size.
Your bid strategy (opening offer, sealed bid range, walk-away ceiling) is then derived from the statistical distribution of these adjusted sales — with conservative safety margins applied when data is thin or dated.
Every figure comes from actual government-recorded sale prices. No asking prices, no agent estimates, no automated valuations.
Full methodology →Opening
Start here
Best & Final
If multiple offers
Ceiling
Do not exceed
Before you bid €550,000, get your opening offer, best-and-final range, and walk-away ceiling.
Instant access · No subscription · Refund if not useful
Overbidding by 5% could cost €27,500 before interest.
Analysing 625,000+ Property Price Register transactions since 2010.
What your report includes
Before You Bid
Before you bid €550,000, see this.
Here is what the data says about this property.
Will This Go Over Asking?
above asking
Probability of a sale above asking based on local bidding patterns.
Am I Overpaying?
local sales
Where the asking price sits in the verified local transaction distribution.
Negotiation Leverage Score
How much negotiation leverage you have based on market conditions.
These signals interact — full analysis in report.
€27,500
That's what overbidding by just 5% on a €550,000 home costs you — before interest.
A €19 check before a €550,000 commitment.
Get Your Exact Bid Numbers for This Property
You've seen the market signals. Now get the exact numbers: where to open, how far to go, and when to walk away.
Built from 625,000+ verified Irish property transactions
Based on 63 verified local sales · High confidence
Instant access · No subscription · Refund if not useful
From €19 for your strategy on a €550,000 home. Independent valuations start at €150 — same data source, fraction of the cost.
Price Distribution Analysis
63 verified closed sales within 1.5km · 18 months. Size-adjusted for similar homes (type match, beds ±1, size ±20%).
Asking price is positioned below the size-adjusted median, suggesting favourable entry conditions. Median anchored to size-similar transactions.
This chart shows where the asking price sits versus recent verified closed sales. It does not show your bid strategy.Same baseline as Market Position — size-adjusted.
The chart shows the market. Your report gives the number not to exceed.
Instant access · No subscription · Refund if not useful
Local Market Momentum
Unlock to adjust radius, timespan, and comparison window.
Radius: 1.5kmTime: 18m12m vs 12mMedian transaction price per m² has decreased 6.2% year-on-year, based on the trailing 18-month transaction window.
Indicates softening pricing conditions. Buyers may hold stronger negotiation position.
Recent closed sales are time-adjusted to current market conditions before calculating transaction bands.
Statistical Confidence · High
63
Transactions Analysed
Within 1.5km
10 months
Data Freshness
Most recent sale age
±20%
Price Spread
How much prices vary
High
Confidence Level
Recent sale prices in this area are closely clustered, which means the data is reliable and the bid strategy is well-supported.
High data density supports precise entry positioning.
PPR closed sales · size & time adjusted · no asking prices used
Supporting Evidence · 63 Transactions
Size and time adjustments applied before percentile computation.
| Address | Sold | Date | Size |
|---|---|---|---|
| 25 Lower Glanmire Rd, Cork, Cork | 2025-09-03 | — | |
| 4 Alexandra Terrace, St Lukes, Cork, Cork | 2025-03-31 | 186m² |
Transactions within a 1.5km radius and 18-month window.
Methodology
Closed sales time-adjusted to current market · size-weighted where floor area available · no asking prices or agent estimates used.
How adjustments work
- —Older sales inflated to current market level so stale data doesn't skew bands
- —Similar-sized properties weighted more heavily where floor area is known
- —Local price trends factored in when sufficient data exists; no artificial uplift otherwise
- —All figures from registered closed sales only — no asking prices, no agent estimates
Local Market Notes
Property Quality
BER Unknown Cost Implication: With a 'SI_666' BER rating and 'Unknown' classification, the absence of a clear energy rating means potential buyers cannot gauge immediate running costs. If this property were to fall into the E/F/G band, an upgrade to a B2 rating could cost €8,000-€12,000, potentially increasing its market value by €15,000-€20,000.
Details
- Generous Proportions: At 256m², this property is significantly larger than the median 3-bedroom property size implied by the 10km radius median beds of 3.0, offering substantial living space that may appeal to families or those seeking extensive accommodation.
- Configuration Opportunity: The property boasts 4 bedrooms and 5 bathrooms, a configuration with a high bathroom-to-bedroom ratio, which is generally desirable and can command a premium, suggesting good potential for optimization and value retention.
- Hypothesis: The significant size of this terrace property (256m²) within an urban setting, combined with its 4 bedrooms and 5 bathrooms, presents an opportunity for a buyer to invest in modernising a property that is already well-configured for space, suggesting that targeted renovations focusing on energy efficiency and contemporary finishes could unlock a substantial value uplift well beyond the upgrade costs themselves.
Amenities
Transport Hub Proximity: Summerhill North is well-served by public transport, with Dublin Bus routes 206 and 207 providing direct access to Cork city centre and surrounding areas, and Kent Station, Cork's main railway hub, approximately 1.5km away.
Details
- Educational and Healthcare Access: The property is situated within a 1.5km radius of key educational institutions including Scoil Mhuire Gan Smál and Presentation Brothers College, and is within easy reach of Cork University Hospital and the Bon Secours Hospital.
- Retail and Leisure Variety: Residents benefit from proximity to the extensive retail offerings in Cork city centre, including the Opera Lane shopping district, and a variety of restaurants and cafes along MacCurtain Street and Oliver Plunkett Street, all within a 2km walk.
- Hypothesis: The inherent value of 2 Clarence Terrace is significantly amplified by its location within Summerhill North, an area that bridges established residential character with burgeoning urban regeneration. Future infrastructure improvements, such as proposed enhancements to the Cork City public transport network and potential new retail developments along the nearby quays, could further elevate property values in this specific, well-connected locale.
Derived from nearby closed-sale patterns.
Built on verified Irish public data
Property Price Register
625,000+ verified closed sales
SEAI
Building energy ratings & floor area
Office of Public Works
Flood zones, events & study areas
MyPlan.ie
Planning applications nationwide
Common Questions
Bid strategy figures are derived from the Property Price Register — Ireland's official record of closed residential sale prices, verified through stamp duty. Floor area data comes from the SEAI BER register. Flood exposure is cross-referenced against OPW CFRAM flood extent mapping and historical flood events. Planning activity is sourced from national planning application records via MyPlan.ie. No asking prices, no agent estimates, no automated valuations.