Wayside, Farranlea Park, Model Farm Road, Cork, T12 R8D2
12 homes sold nearby. See what they went for — and what to bid on this one.
€395,000 · 2 Bed · 1 Bath · 67m² · Bungalow
Market Position
At the Upper End of Local Sales
At €395,000, this home is priced well above what similar properties sold for in this area. Overpayment risk is high at this level. A structured bid strategy is critical.
12 closed sales nearby · 5mo recency · High confidence · Property Price Register
Sources: PPR, SEAI, OPW, planning records.
How this is calculated
We search the Property Price Register for closed sales near this property — matching by location, beds, property type, and where available, floor area (±20%). This gives us a set of genuinely comparable transactions.
Each sale is then time-adjusted to today using local price trends, so a sale from 18 months ago is inflated (or deflated) to reflect current market conditions. Where floor area is known, sales are also size-adjusted — a 90m² sale is normalised to what it would have sold for at this property's size. This means the figures you see aren't raw prices — they're what those same homes would likely sell for today, at this size.
Your bid strategy (opening offer, sealed bid range, walk-away ceiling) is then derived from the statistical distribution of these adjusted sales — with conservative safety margins applied when data is thin or dated.
Every figure comes from actual government-recorded sale prices. No asking prices, no agent estimates, no automated valuations.
Full methodology →Opening
Start here
Best & Final
If multiple offers
Ceiling
Do not exceed
Before you bid €395,000, get your opening offer, best-and-final range, and walk-away ceiling.
Instant access · No subscription · Refund if not useful
Overbidding by 5% could cost €19,750 before interest.
Analysing 625,000+ Property Price Register transactions since 2010.
What your report includes
Before You Bid
Before you bid €395,000, see this.
Here is what the data says about this property.
Will This Go Over Asking?
above asking
Probability of a sale above asking based on local bidding patterns.
Am I Overpaying?
local sales
Where the asking price sits in the verified local transaction distribution.
Negotiation Leverage Score
How much negotiation leverage you have based on market conditions.
€19,750
That's what overbidding by just 5% on a €395,000 home costs you — before interest.
A €19 check before a €395,000 commitment.
Get Your Exact Bid Numbers for This Property
You've seen the market signals. Now get the exact numbers: where to open, how far to go, and when to walk away.
Built from 625,000+ verified Irish property transactions
Based on 12 verified local sales · High confidence
Instant access · No subscription · Refund if not useful
From €19 for your strategy on a €395,000 home. Independent valuations start at €150 — same data source, fraction of the cost.
Price Distribution Analysis
12 verified closed sales within 3.0km · 18 months. Size-adjusted for similar homes (type match, beds ±1, size ±20%). Filters broadened to increase sample size.
Asking price is positioned above the size-adjusted median. This places the property outside the core transaction band where most comparable homes closed. Median anchored to size-similar transactions.
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 — size-adjusted.
The chart shows the market. Your report gives the number not to exceed.
Instant access · No subscription · Refund if not useful
Financial Exposure · 37% 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
€395,000
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 · High
12
Transactions Analysed
Within 3.0km
5 months
Data Freshness
Most recent sale age
±13%
Price Spread
How much prices vary
High
Confidence Level
Recent sale prices in this area are closely clustered, which means the data is reliable and the bid strategy is well-supported.
High data density supports precise entry positioning.
PPR closed sales · size & time adjusted · no asking prices used
Supporting Evidence · 12 Transactions
Size and time adjustments applied before percentile computation.
| Address | Sold | Date | Size |
|---|---|---|---|
| Villa Anthony, 37 Farranlea Park, Model Farm Road, Cork | 2026-01-23 | — | |
| 22 Lisieux Park, Glasheen Road, Cork, Cork | 2025-12-05 | 94m² |
Transactions within a 3.0km radius and 18-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
Significant BER Upgrade Needed: With an 'F' BER rating, upgrading to a 'B2' could cost an estimated €8,000-€12,000, but could increase the property's value by €15,000-€20,000, offering a strong return on investment.
Details
- Compact Living Space: At 67.0m², this bungalow is smaller than the median size for properties within a 10km radius, which typically features 3 bedrooms, suggesting a potential space limitation for growing families or those seeking more expansive living.
- Value Optimization Opportunity: While currently listed at €395,000, the 'F' BER rating suggests an estimated annual energy cost of €1,800-€2,200. Achieving a 'B2' rating could reduce this by €1,000-€1,400 annually, impacting long-term affordability.
- Hypothesis: The prevalence of 'BER unknown' across all radius metrics indicates a market where energy efficiency information is not a primary driver for sales currently, but this presents a significant opportunity for early adopters to invest in upgrades and capture a future market premium as energy efficiency regulations and buyer awareness increase.
Amenities
Excellent Transport Connectivity: The Model Farm Road area is well-served by multiple bus routes, including 206 and 215, providing direct access to Cork city centre and surrounding suburbs.
Details
- Proximity to Educational Hubs: This location offers convenient access to educational institutions, including University College Cork (UCC) and Cork Institute of Technology (CIT), as well as primary schools like Scoil Mhuire Gan Smál.
- Convenient Retail and Healthcare: Residents benefit from proximity to The Curve shopping centre and numerous local shops on Model Farm Road, as well as the Bon Secours Hospital Cork for healthcare needs.
- Hypothesis: The high concentration of residential developments and upgrades in the Model Farm Road area, coupled with the existing robust public transport network and proximity to a major university, suggests that any future infrastructure improvements, such as enhanced cycling lanes or increased bus frequency, could further elevate property values in this already desirable locale.
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.