Lumcloon, Cloghan, Cloghan, Co. Offaly, R42 KP94
3 homes sold nearby. See what they went for — and what to bid on this one.
€245,000 · 3 Bed · 1 Bath · 120m² · Bungalow
Market Position
Priced Above Local Sales
At €245,000, this home is priced above what similar properties sold for — buyers at this level tend to overpay without a defined ceiling. Percentile unavailable (insufficient asking-price comps) — using median positioning only.
3 closed sales nearby · 5mo 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 3 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
3 verified closed sales within 5.0km · 36 months. Filters broadened to increase sample size.
Asking price is positioned above the median transaction level. This places the property outside the core transaction band where most comparable homes closed.
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.
Financial Exposure · 17% 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
€245,000
Above transaction median
Buying at asking would put you well above what similar homes sold for — that's elevated overpayment risk.
Statistical Confidence · Low
3
Transactions Analysed
Within 5.0km
5 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 · 3 Transactions
Size and time adjustments applied before percentile computation.
| Address | Sold | Date | Size |
|---|---|---|---|
| 1 Whitefields, Cloghan, Offaly, Offaly | 2025-10-22 | 140m² | |
| Glyn Bridge, Ferbane, Offaly, Offaly | 2023-10-27 | 60m² |
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 Upgrade Opportunity: With a poor BER F rating, upgrading this 120m² bungalow to a more efficient B2 rating could cost an estimated €20,000-€35,000, potentially increasing the property's value by €30,000-€50,000 and providing significant long-term energy savings.
Details
- Bathroom Deficit: The property's single bathroom falls below the median of 2 bathrooms for properties sold within a 10km radius over the past 90 days, which could be a factor for buyers seeking more amenities in a family home.
- Sufficient Size: At 120m² with 3 bedrooms, the property offers a good size for a bungalow, aligning with the median 3-bedroom configuration prevalent in sales across the 10km to 50km radii.
- Hypothesis: The property's significantly lower BER rating (F) compared to modern standards creates a substantial investment opportunity for buyers willing to undertake upgrades, potentially transforming a below-average energy performance into a key value driver in a market increasingly focused on sustainability and running costs.
Amenities
Rural Connectivity: Located in Lumcloon, Cloghan, this property relies primarily on private transport for daily commutes; while major public transport like Luas or DART are not directly available, local link bus services connect rural areas to larger towns, with regional train stations (e.g., Tullamore) providing broader rail links.
Details
- Essential Local Services: Cloghan village, within a reasonable driving distance, offers essential amenities such as a local primary school (e.g., Cloghan National School), community shop/supermarket, and pharmacy, catering to the immediate daily needs of residents.
- Natural Lifestyle: The property is situated in a rural setting, offering peaceful walking routes on quiet country roads and abundant access to natural green spaces, which appeals to buyers seeking a tranquil lifestyle away from urban density.
- Hypothesis: The property's rural location provides a distinct lifestyle appeal focused on tranquility and natural surroundings, positioning it as an attractive option for buyers prioritising spacious living and quietude over immediate access to extensive urban amenities and frequent public transport links.
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.