Rinneroon Bay House, Lough Corrib, Oughterard, Co. Galway, H91 WE2X
2 homes sold nearby. See what they went for — and what to bid on this one.
€1,450,000 · 4 Bed · 5 Bath · 371m² · Detached
Market Position
Limited Transaction Data
At €1,450,000, we cannot reliably position this property — only 2 comparable closed sales were found within 5.0km. More local transactions are needed before the data can support a market position estimate.
2 closed sales nearby · 24mo 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 2 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
2 verified closed sales within 5.0km · 36 months. Filters broadened to increase sample size.
Asking price is positioned above the median of comparable sales. 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 · 277% 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
€1,450,000
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
2
Transactions Analysed
Within 5.0km
24 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 · 2 Transactions
Size and time adjustments applied before percentile computation.
| Address | Sold | Date | Size |
|---|---|---|---|
| May Fly Cottage, Barnagorteeny, Oughterard, Galway | 2024-05-28 | — | |
| Moylena, Derrymoyle, Oughterard, Galway | 2023-10-06 | 138m² |
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 Improvement Potential: Upgrading the C3 BER rating to a B2 could cost an estimated €10,000-€15,000 but is projected to increase property value by €20,000-€25,000, presenting a sound investment.
Energy Cost Variance: A C3 BER rating implies annual energy costs of approximately €2,000-€2,500, compared to €1,000-€1,500 for an A2 rated property of similar size, indicating a potential saving of €800-€1,000 annually.
Generous Space: With 371.0m² of living space and 4 bedrooms, this property offers significant room, well above typical family home sizes in many areas, aligning with luxury market expectations.
Hypothesis: The C3 BER rating, while not ideal, is a common standard for properties of this age and size. Future value appreciation may be significantly boosted by targeted energy efficiency upgrades, not only reducing running costs but also appealing to a growing segment of environmentally conscious buyers who will pay a premium for sustainable homes, potentially closing the gap with higher-BER comparable properties.
Amenities
Limited Local Transport: There are no specific bus routes, train stations, Luas or DART stations mentioned in the provided data for Oughterard, suggesting reliance on private transport for connectivity.
Rural Lifestyle Amenities: Oughterard offers access to Lough Corrib for watersports, with local amenities likely including traditional pubs and cafes catering to a rural pace of life.
Educational Options: Specific local schools or educational facilities are not detailed, but Oughterard village would typically have primary and potentially secondary school options.
Hypothesis: The property's value is primarily driven by its unique natural setting on Lough Corrib rather than its proximity to urban amenities. The limited public transport and sparse amenity data suggest that buyers for this property will be those prioritizing tranquility and a rural lifestyle, with a willingness to travel for extensive shopping, healthcare, or diverse educational facilities.
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.