Circa 3.07 of Land with Derelict House, Tooromin, Bohola, Co. Mayo
8 homes sold nearby. See what they went for — and what to bid on this one.
€55,000 · 2 Bed · 1 Bath · 242812m² · Detached
Market Position
Below Typical Sale Prices
At €55,000, 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.
8 closed sales nearby · 11mo recency · Moderate 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 €55,000, 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 €2,750 before interest.
Analysing 625,000+ Property Price Register transactions since 2010.
What your report includes
Before You Bid
Before you bid €55,000, 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.
€2,750
That's what overbidding by just 5% on a €55,000 home costs you — before interest.
A €19 check before a €55,000 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 8 verified local sales · Moderate confidence
Instant access · No subscription · Refund if not useful
From €19 for your strategy on a €55,000 home. Independent valuations start at €150 — same data source, fraction of the cost.
Price Distribution Analysis
8 verified closed sales within 5.0km · 36 months. Filters broadened to increase sample size.
Asking price is positioned below the median transaction level, suggesting favourable entry conditions.
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.
The chart shows the market. Your report gives the number not to exceed.
Instant access · No subscription · Refund if not useful
Statistical Confidence · Moderate
8
Transactions Analysed
Within 5.0km
11 months
Data Freshness
Most recent sale age
±20%
Price Spread
How much prices vary
Moderate
Confidence Level
Sale prices in this area vary more than usual, so there is some uncertainty in the figures. Bid conservatively and in small increments.
Limited recent transaction volume reduces trend precision. Strategy remains anchored to closed-sale distribution.
PPR closed sales · size & time adjusted · no asking prices used
Supporting Evidence · 8 Transactions
Size and time adjustments applied before percentile computation.
| Address | Sold | Date | Size |
|---|---|---|---|
| Torromin, Bohola, Claremorris, Mayo | 2024-03-15 | — | |
| Boleyard, Shraheens, Balla, Mayo | 2023-12-15 | 154m² |
Transactions within a 5.0km radius and 36-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
Significant Renovation Costs: With a BER rating of 'Unknown' (SI_666), the derelict house will require substantial investment. Based on national averages for significant renovations of derelict properties, expect costs to range from €80,000 to €150,000 to bring it to a habitable standard and a BER of C or better.
Details
- Substantial Land Holding: The 3.07 acres (approximately 124,000m²) of land is a significant asset, far exceeding typical residential plot sizes. This acreage could be developed independently or enhance the value of a renovated property, providing substantial space and privacy.
- Configuration Mismatch: The property has 2 bedrooms and 1 bathroom, which is below the median of 3 bedrooms and 2 bathrooms seen in comparable markets within 100km. This suggests a significant configuration mismatch for typical family buyers seeking a renovated home.
- Hypothesis: The 'derelict house' status and 'SI_666' BER rating strongly suggest that the current structure has minimal intrinsic value, and any investment should focus on the potential of the land, likely requiring demolition and new build to achieve a good BER and meet modern property standards.
Amenities
Limited Local Connectivity: Bohola is a rural area, and specific public transport links like bus routes or train stations are not detailed in the provided data. The nearest significant town for amenities would likely be Swinford or Ballina, requiring private transport.
Details
- Absence of Local Services: Based on the rural location of Tooromin, Bohola, it's unlikely to have immediate access to specific supermarkets, pharmacies, or numerous restaurants/cafes; residents would typically travel to larger towns like Swinford (approx. 7km) or Ballina (approx. 20km) for these.
- Rural Lifestyle Focus: The property's location implies a strong focus on rural living, with potential for significant open space and privacy. However, access to specific educational facilities like Bohola National School (if still active) or secondary schools in Ballina or Swinford would necessitate travel.
- Hypothesis: The property's remoteness suggests that any future value uplift will be heavily dependent on potential future infrastructure development or its appeal as a private rural retreat, rather than existing proximity to specific named amenities.
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.