Terra Nova, Monaleen Road, Monaleen, Co. Limerick, V94 D98P
3 homes sold nearby. See what they went for — and what to bid on this one.
€495,000 · 7 Bed · 2 Bath · 183m² · Detached
Market Position
Priced Above Local Sales
At €495,000, 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 · 11mo 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 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 · 13% 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
€495,000
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
11 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 |
|---|---|---|---|
| Athlunkard, Parteen, Clare, Clare | 2023-07-21 | 175.9m² | |
| Glenariff, Lisnagry, Limerick, Limerick | 2025-06-23 | — |
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: Upgrading the D2 BER rating to a B2 would likely cost between €10,000 and €15,000, potentially increasing the property's value by €18,000 to €25,000, representing a solid return on investment.
Space Efficiency Mismatch: With 7 bedrooms and 183m², the property offers an average of 26.1m² per bedroom, which is relatively spacious but may be an inefficient configuration for typical family needs, impacting perceived value.
Value Optimization Potential: Investing €10,000-€15,000 in BER improvements could reduce annual energy costs from an estimated €1,800-€2,200 (for D2) to €800-€1,200 (for B2), a saving of €600-€1,400 per year.
Hypothesis: The 7-bedroom configuration, while offering potential for high occupancy or multi-generational living, might be a market mismatch in a postcode where 3-4 bedroom detached homes typically achieve the strongest price-per-square-meter returns, suggesting a potential need for reconfiguring or marketing to specific buyer demographics.
Amenities
Transport Connectivity: While not directly on a Luas or DART line, the property is likely served by local Limerick City bus routes (e.g., Bus Éireann local services), offering connectivity to the city centre and surrounding areas.
Local Educational Hub: The area benefits from proximity to educational institutions such as the University of Limerick, and local schools like Monaleen National School and Colaiste na Trócaire, enhancing family appeal.
Retail and Leisure Access: Residents have convenient access to shopping facilities at the Parkway Shopping Centre and local retailers in Castletroy, alongside lifestyle amenities like the Castletroy Golf Club and various restaurants and cafes.
Hypothesis: The Monaleen Road location, situated between the University of Limerick's expansion zones and established residential areas, is poised to benefit from ongoing infrastructure development aimed at enhancing public transport and pedestrian links, potentially increasing property values due to improved commuter access.
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.