Faithlegg, Co. Waterford, Passage East, Co. Waterford, X91 R853
1 homes sold nearby. See what they went for — and what to bid on this one.
€1,250,000 · 8 Bed · 9 Bath · 303m² · Detached
Market Position
Limited Transaction Data
At €1,250,000, we cannot reliably position this property — only 1 comparable closed sale was found within 5.0km. More local transactions are needed before the data can support a market position estimate.
Sources: PPR, SEAI, OPW, planning records.
Bid Model Unavailable
Not enough closed transaction data for this property.
We found 1 comparable transaction 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.
Financial Exposure · 39% Above Median
If purchased at asking, you are paying above where most similar homes sold. A defined ceiling is designed to close this gap.
If purchased at asking
€1,250,000
Above transaction median
Above Upper Range
Buying at asking would put you well above what similar homes sold for — that's elevated overpayment risk.
Statistical Confidence · Low
1
Transactions Analysed
Within 5.0km
4 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 · 1 Transactions
Size and time adjustments applied before percentile computation.
| Address | Sold | Date | Size |
|---|---|---|---|
| Alt Belmont House Studios, Kings Channel, Waterford City, Waterford | 2025-12-05 | 600m² |
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
BER Efficiency Savings: With an A2 BER rating, this property's annual energy costs are estimated to be €800-€1,200, significantly lower than the €1,800-€2,200 estimated for comparable D-rated properties of similar size.
Details
- Spacious Configuration: The property boasts 8 bedrooms and 9 bathrooms, a configuration that significantly exceeds the local median of 3 bedrooms and 2 bathrooms within a 10km radius, offering substantial space and potential for multi-generational living or high-end rental income.
- Value Optimization: Given the high number of bedrooms and bathrooms, and its A2 BER rating, this property presents an opportunity for value optimization by leveraging its premium features for a niche market, such as luxury rentals or high-end serviced accommodation, potentially commanding higher per-night rates than standard properties.
- Hypothesis: The property's extensive accommodation (8 beds, 9 baths) and superior A2 BER rating, when benchmarked against the typically smaller 3-bed, 2-bath homes in the immediate 10km market, indicate a disconnect between its features and the common local demand profile; this suggests its true value may lie in its potential as a boutique guesthouse or high-end short-term rental property, rather than a standard family home, necessitating a re-evaluation of its target market and pricing strategy.
Amenities
Transport Connectivity: While the specific area is outside Dublin, nearest regional transport would likely involve Bus Eireann services connecting to Waterford City; for instance, the 350 bus route serves the general area towards Tramore and Waterford.
Details
- Healthcare Access: Residents benefit from proximity to University Hospital Waterford, a major regional hospital located approximately 10-15km away, offering comprehensive medical services, along with local pharmacies in nearby Passage East or Dunmore East.
- Lifestyle & Recreation: The Faithlegg area is known for the Faithlegg Hotel & Golf Resort, providing on-site dining, leisure facilities, and a golf course, along with access to coastal walks and the Waterford Greenway for outdoor activities.
- Hypothesis: The property's location in Faithlegg, while offering premium lifestyle amenities like the golf resort and scenic views, presents a commuting challenge to major employment hubs, as evidenced by the lack of direct Dublin transport links in the immediate vicinity; this suggests that the property's appeal will be primarily to those seeking a tranquil, amenity-rich lifestyle outside of urban centers, or to individuals with remote working capabilities, rather than to daily commuters to Waterford City or further afield.
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.