Derelict Cottage and Lands, Carheen, Tourmakeady, Co Mayo, F12 RR79
4 homes sold nearby. See what they went for — and what to bid on this one.
€150,000 · 3 Bed · 1 Bath · 108375m² · Bungalow
Market Position
Below Typical Sale Prices
At €150,000, this home is priced below what similar properties sold for in the area. Favourable entry conditions — but consider a structural survey before committing. Percentile unavailable (insufficient asking-price comps) — using median positioning only.
4 closed sales nearby · 18mo recency · Low confidence · Property Price Register
Sources: PPR, SEAI, OPW, planning records.
Bid Model Unavailable
Not enough closed transaction data for this property.
We found 4 comparable transactions within 5.0km over the past 36 months. A minimum of 3 is required to derive a statistically reliable bid strategy. Purchasing a report is not available for this property.
This can happen for properties in lower-turnover areas or very specific property types. Check back as new transactions register on the Property Price Register, or search for a nearby comparable property.
Price Distribution Analysis
4 verified closed sales within 5.0km · 36 months. Filters broadened to increase sample size.
Asking price is positioned below the median of comparable sales, 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.
Statistical Confidence · Low
4
Transactions Analysed
Within 5.0km
18 months
Data Freshness
Most recent sale age
±20%
Price Spread
How much prices vary
Low
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 · 4 Transactions
Size and time adjustments applied before percentile computation.
| Address | Sold | Date | Size |
|---|---|---|---|
| Gortbunacullin, Srah, Claremorris, Mayo | 2024-11-22 | 117m² | |
| Srah, Claremorris, Mayo, Mayo | 2024-03-08 | 140m² |
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 Needed: With a BER rating of SI_666 (likely indicative of a very poor rating), substantial investment is required, potentially costing €15,000-€25,000 to upgrade to a minimum of a C rating, which could add €20,000-€30,000 in value.
Suboptimal Energy Efficiency: The current BER rating of SI_666 suggests very high energy consumption, with annual heating and electricity costs potentially ranging from €2,500-€3,500, compared to €1,000-€1,500 for a C-rated property of similar size.
Development Potential: While the cottage is derelict, the 108,375m² land offers significant potential for redevelopment or expansion, which is a key value driver independent of the current structure's quality.
Hypothesis: Given the derelict state and poor BER, the market value is likely being driven primarily by the land itself, suggesting that buyers will heavily discount the structure's cost and focus on the potential for a new build or significant expansion, with land value likely comprising over 80% of the current asking price.
Amenities
Remote Connectivity: Tourmakeady, Co Mayo, is a rural area with limited direct public transport; nearest bus services would likely be local rural routes, requiring significant travel to connect to national networks, impacting commuter convenience.
Limited Local Services: Access to major shopping centres, advanced healthcare facilities, and diverse educational institutions would require travel to larger towns like Ballinrobe or Galway city, impacting daily convenience.
Rural Lifestyle Focus: The property is situated in a rural setting, offering natural landscapes and potential for outdoor activities, but with a scarcity of readily accessible urban amenities such as restaurants, cafes, and gyms within a short distance.
Hypothesis: The limited public transport and remote location suggest that properties in Carheen, Tourmakeady, are primarily attractive to those seeking a rural lifestyle or for development potential, with accessibility to key amenities and transport links being a secondary consideration for the target buyer, thus impacting saleability for those prioritizing convenience.
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 flood extent mapping (CFRAM fluvial + NCFHM coastal) and historical flood events. Planning activity is sourced from the National Planning Application Database via MyPlan.ie — merged Local Authority planning registers from the Department of Housing. No asking prices, no agent estimates, no automated valuations.