In a market where supply remains constrained and demand continues to outpace availability, opportunities to acquire well-located properties with genuine development potential are increasingly rare.
Dating back to the 1940s and occupying a generous site of approximately 438 sq.m. (0.10 hectares ), this property presents a compelling proposition for a wide range of buyers. Whether as a refurbishment project, a long-term investment, or the creation of a substantial family home, the flexibility of the site, adds to its appeal.
What makes this opportunity particularly noteworthy in the current climate is its eligibility for government-backed refurbishment supports. Having been vacant since 2016, the property qualifies for the Vacant Property Refurbishment Grant, with potential funding of up to €120,000 available where works are appropriately designed. At a time when construction and renovation costs remain a key consideration, such supports are playing an increasingly important role in bringing underutilised housing stock back into active use.
Its proximity to the University of Galway further enhances its attractiveness. Locations of this nature continue to experience strong and consistent demand, particularly from those seeking rental investment opportunities or well-connected homes within easy reach of the city centre. Equally, the area offers a highly desirable living environment for owner-occupiers, combining convenience, established amenities, and long-term value.
As the focus increasingly shifts toward the refurbishment and repurposing of existing housing stock, properties such as this highlight the potential to address supply challenges in a practical and sustainable way. For purchasers willing to invest time and vision, this represents not just a property acquisition, but an opportunity to unlock significant value in one of Galway’s most sought-after locations.
BER G. Price: €455,000.
Contact Shane Cox of Lynch Auctioneers on (087 ) 983 0450 or the offices on (091 ) 566 157.
