Shea'S Cottage, Fermoyle, Formoyle, Co. Longford, N39 PD80
3 homes sold nearby. See what they went for — and what to bid on this one.
€200,000 · 2 Bed · 1 Bath · 120m² · Detached
Market Position
Priced Within Local Sold Range
At €200,000, this home is priced within the typical range of 3 recent closed sales. There's room to negotiate — seller leverage is 3.3/10. If bidding heats up, you'll need a clear ceiling to avoid overpaying. Percentile unavailable (insufficient asking-price comps) — using median positioning only.
3 closed sales nearby · 12mo 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 below the median transaction level, 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
3
Transactions Analysed
Within 5.0km
12 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 |
|---|---|---|---|
| Ash Tree Cottage, Greenhall Upper, Newtowncashel, Longford | 2023-07-28 | 49m² | |
| Clonmee, Lanesboro, Longford, Longford | 2025-04-11 | 161m² |
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
Below Average Size for Detached: At 120m², this 2-bedroom detached property is on the smaller side compared to the 100km radius median of 3 bedrooms and 10km radius median of 3 bedrooms.
Details
- BER Rating Concerns: The SI_666 BER rating is unknown and likely poor, suggesting potential upgrade costs of €8,000-€12,000 to reach a B2 rating, which could increase property value by €15,000-€20,000.
- Value Optimization Opportunity: With an estimated value of €334,674 versus an asking price of €200,000, there's a significant opportunity for value optimization if the property's condition aligns with the estimated value, as €134,674 in potential equity exists.
- Hypothesis: Given the unknown and likely poor BER rating and the smaller than average size for a detached property in the local area, strategic renovations focused on energy efficiency (upgrading BER to B2 for approx. €8,000-€12,000) and potentially optimizing the 2-bedroom layout to be more functional could unlock substantial value, bridging the gap between the asking price and estimated value.
Amenities
Limited Connectivity: The property is located outside Dublin, with no specific public transport routes, train stations, Luas, or DART stops mentioned as directly serving the Fermoyle, Formoyle, Co. Longford area.
Details
- Local Services Unspecified: Specific educational facilities, healthcare access points, shopping centers, restaurants, cafes, parks, and childcare services in the immediate vicinity of Fermoyle, Formoyle are not detailed in the provided data.
- Low Local Transaction Volume: The very low number of sales within 5km (2 sales in 180 days) and 10km (22 sales in 180 days) suggests a less developed local amenities and transaction ecosystem compared to more urbanized areas.
- Hypothesis: The lack of specific public transport links and detailed local amenities information suggests that this property is situated in a rural or semi-rural location requiring reliance on private transport, which may limit its appeal to a broad buyer pool and necessitate further investigation into essential services like primary schools and local shops within a reasonable driving distance.
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.