Mixed use development at Clós an Iarla, Dominic Street, Portumna, Co. Galway
3 homes sold nearby. See what they went for — and what to bid on this one.
€1,900,000 · 2 Bed · 1 Bath · 63m² · Apartment
Market Position
Significantly Above Local Sales
At €1,900,000, this home is priced well above what similar properties sold for in this area. Overpayment risk is high. A structured bid strategy is critical. Percentile unavailable (insufficient asking-price comps) — using median positioning only.
3 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 3 comparable transactions within 3.0km over the past 24 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 3.0km · 24 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 · 1420% 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
€1,900,000
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
3
Transactions Analysed
Within 3.0km
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 · 3 Transactions
Size and time adjustments applied before percentile computation.
| Address | Sold | Date | Size |
|---|---|---|---|
| 4 College Court, College Green, St Brigid's Road, Galway | 2024-10-31 | — | |
| 10 Nunnery, College Court, Portumna, Galway | 2024-10-07 | — |
Transactions within a 3.0km radius and 24-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 Rating Concern: The SI_666 BER rating is significantly below modern standards and would likely incur high energy costs, estimated at €1,800-€2,200 annually compared to €800-€1,200 for a B-rated property of similar size.
Value Enhancement Opportunity: Upgrading from a SI_666 BER rating to a B2 could cost an estimated €8,000-€12,000 but potentially increase property value by €15,000-€20,000.
Space Efficiency: With 63.0m² for a 2-bedroom apartment, the space allocation is reasonable, offering approximately 31.5m² per bedroom.
Hypothesis: Given the very low BER rating, the primary value optimization for this property lies in a comprehensive energy efficiency upgrade, which could unlock significant value by aligning it with buyer expectations for modern, cost-effective living.
Amenities
Limited Public Transport: Portumna, Co. Galway, is not directly served by specific Dublin Bus routes, train stations, Luas stops, or DART stations, suggesting reliance on private transport for connectivity outside the immediate town.
Local Services Availability: The area is likely to have essential amenities such as local schools like Portumna National School, healthcare access via Portumna Medical Centre, and retail options along main streets.
Walkability Focus: The development's location on Dominic Street suggests good walkability within Portumna town, with potential access to local shops, cafes, and the nearby Lough Derg.
Hypothesis: The lack of direct public transport links to major urban centers from Portumna implies that properties here are primarily valued for their lifestyle and community appeal, rather than commuter convenience to larger cities, impacting demand from a specific buyer demographic.
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.