
16/17 Market St, Monaghan TownH18XR67
€250,000
5 Bed~1 Bath~137 m²
What you'll like:
- Central town location: Positioned directly in Monaghan Town, this property provides effortless access to local shops, dining, and daily amenities for future occupants or tenants.
- Dual property acquisition: Purchasing two distinct adjoining properties together creates a unique scale of investment with exceptional versatility for future residential reconfiguration projects.
- Period architectural charm: Dating back to approximately 1850, the dwellings boast authentic nineteenth-century features like natural slate roofs and decorative sill guards that appeal to historic property enthusiasts.
- Potential grand combination: Subject to necessary planning consents, buyers can merge both buildings into a substantial five-bedroom residence tailored to modern family living standards.
- Generous combined footprint: Offering a combined floor area of approximately 137 square meters, the layout provides ample spatial volume for creative interior architectural redesign.
- Vacant property grant potential: The structures may qualify for the Vacant Property Refurbishment Grant, offering valuable financial assistance to offset heavy initial modernization expenses.
- Rental income potential: The dual-unit setup offers lucrative long-term or short-term letting possibilities once upgraded, appealing strongly to investors seeking diverse revenue streams.
- High-speed broadband availability: Modern telecommunications connectivity is readily available at the location, ensuring seamless remote working capabilities for future inhabitants.
- Stable asking price strategy: Recorded asking prices remained static at €250,000, suggesting a firm initial pricing stance from the vendor without erratic upward adjustments.
- Original character preservation: Retaining traditional chimney stacks, terracotta pots, and a timber entrance door with a fanlight preserves authentic visual appeal for restoration enthusiasts.
- Immediate aesthetic appeal: The charming mid-nineteenth-century facade presents striking curb appeal that stands out favorably within the surrounding local streetscape.
- Flexible accommodation layouts: The existing division across multiple storeys allows for creative zoning, separating sleeping quarters from active living spaces easily.
- Strong local market demand: Central townhouses in established regional hubs routinely attract steady interest from downsizers, first-time buyers, and property investors alike.
- Historic building heritage: Owning structures from the mid-nineteenth century allows a custodian to preserve local architectural heritage while upgrading internal comforts.
- Versatile secondary rooms: Additional store rooms and office spaces within both buildings provide useful flexibility for home-based work or specialized storage needs.
- Direct street access: Fronting directly onto Market Street guarantees prominent positioning and effortless pedestrian accessibility for visitors or future residents.
- Independent unit structures: Because there are two separate numbers involved, buyers retain future flexibility to sell one unit separately after completing renovations.
- Manageable overall scale: Despite offering five potential bedrooms overall, the compact footprint of each individual townhouse keeps structural renovation scopes reasonably contained.
- Established residential neighbourhood: Situated within an existing urban fabric, occupants will benefit from established municipal services and community infrastructure.
- Clear investment baseline: The asking price of €250,000 for two combined structures offers a transparent entry point for heavy-renovation property speculators.
But keep in mind:
- Missing BER certification: The official Building Energy Rating is not provided, meaning buyers must investigate potential thermal inefficiencies and heavy insulation upgrade costs.
- Extensive refurbishment required: Dating to 1850, the buildings will undoubtedly require massive capital investment to rectify dampness, structural aging, and outdated internal layouts.
- Single bathroom constraint: Currently featuring very limited bathroom facilities across two separate houses, major plumbing overhauls will be mandatory for modern living.
- Complex planning hurdles: Merging two separate townhouses into a single dwelling will require careful architectural consultation and formal local authority planning consent.
- Grant eligibility uncertainty: Qualification for the Vacant Property Refurbishment Grant is not guaranteed and must be rigorously verified by the buyer beforehand.
- Restricted off-street parking: Being located directly on Market Street implies a complete lack of private parking, forcing reliance on public spaces.
- Tight internal footprints: Individual floor areas are modest, meaning rooms can feel narrow or restrictive prior to undertaking ambitious structural wall removals.
- Stagnant asking price implications: The unchanging €250,000 price point observed over the tracking period might reflect an unrealistic seller expectation given the required renovation scale.
- Hidden structural risks: Historic timber frames and stone walls frequently conceal costly dry rot, woodworm, or masonry degradation upon closer invasive inspection.
- Asbestos and hazardous materials: Older properties of this vintage frequently contain legacy hazardous materials requiring professional remediation before refurbishment commences.
- Inadequate modern wiring: Electrical systems dating back decades will likely need complete rewiring to meet contemporary safety standards and insurance requirements.
- Plumbing and heating overhaul: Existing heating setups may be entirely obsolete, necessitating the installation of entirely new boilers, radiators, and pipe networks.
- Party wall complexities: Terraced properties share structural walls, meaning any heavy structural alterations must account for party wall agreements with adjacent neighbors.
- Conservation restrictions risk: If local authorities impose historic preservation rules, exterior alterations or window replacements could face stringent bureaucratic delays.
- Lack of private outdoor space: Townhouse configurations in central locations often omit functional rear gardens or yards, limiting outdoor recreational utility.
- Contractor availability bottlenecks: Securing reliable builders and conservation specialists for complex historic refurbishments in regional towns can prove challenging and expensive.
- Uncertain actual floor areas: Discrepancies noted in listing measurements mean buyers should independently verify exact square meterage prior to finalizing legal contracts.
- Temporary alternative accommodation: The severe state of repair means buyers cannot inhabit the property immediately and must budget for rental costs during works.
- High contingency budget needed: Unforeseen structural issues during historic renovations routinely inflate budgets, requiring substantial financial reserves beyond the purchase price.
- Liquidity risks for resale: Specialized historic project properties can have a narrower pool of eventual buyers when it comes time to sell after completion.
Price positioning
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- The asking price appears attractively positioned relative to typical market averages because it encompasses two separate mid-nineteenth-century townhouses being offered collectively for a combined floor area of approximately 137 square metres in a central location.
- Valuation signals indicate potential undervaluation or high value for money when factoring in the possibility of combining both dwellings into a single substantial residence and the prospect of availing of the Vacant Property Refurbishment Grant for modernization.
- Factors that could support such an asking price include strong demand for central period properties with distinctive architectural features, whereas structural remediation costs and extensive renovation requirements could undermine the investment appeal.
- Additional relevant observations include the stable asking price history tracked since initial listing, suggesting a firm vendor stance and anticipation of competitive interest from buyers seeking long-term residential or letting potential.
Build Analysis
What we know from similar construction types
- The property consists of two adjoining mid-nineteenth-century period townhouses dating from approximately 1850, featuring traditional construction methods such as natural slate roofs, chimney stacks with terracotta pots, and timber elements.
- Buyers should investigate the structural integrity of both buildings, particularly given their age, and verify the feasibility and local authority planning requirements for combining the two separate structures into a single residence.
- The listing indicates the property is exempt from a BER rating, but given the period nature of the build, a thorough survey is recommended to assess potential damp, timber decay, insulation deficiencies, and the condition of original features.
- Prospective purchasers should verify eligibility criteria for the Vacant Property Refurbishment Grant mentioned in the description to help offset potential modernisation and renovation costs.
Retrofit Cost*
Possible renovating / insulating expenditure
- As the property is BER exempt and dates from c.1850 with traditional solid-wall construction, a deep retrofit to bring it to a modern energy-efficient standard would likely be substantial.
- Estimated costs for a comprehensive refurbishment and energy upgrade of two combined period townhouses of this size (approx. 137 sq m total) could range from 70,000 to 110,000 euros or more, depending on the extent of fabric insulation, window restoration or replacement, and heating system installation required.
Heating cost*
Estimated expense to heat this property every year
- Estimated annual heating cost: approximately 1800 to 2400 euro.
- Explanation: Given the combined floor area of approximately 137 square meters and the period construction dating from c.1850 with an unprovided BER, energy efficiency may be lower than modern builds, leading to higher than average heating demands.
Pollution Safe
8/10Environmental situation to investigate
Flood Safe
8/10Water overflow reports to follow up
Recent Local Sales
Verified residential transactions published in the previous five years
Sales on the same street or estate
No verified results were found for this group in the previous five years.
Recent sales in the wider Monaghan Town area
58 TULLY ESTATE, MONAGHAN TOWN, COUNTY MONAGHAN
- Sale date
- Declared sale price
- €150,000.00
53 TULLY ESTATE, MONAGHAN TOWN, COUNTY MONAGHAN
- Sale date
- Declared sale price
- €24,126.09
APT 36, DRUMBEAR WOOD, MONAGHAN TOWN
- Sale date
- Declared sale price
- €171,000.00
179 BEECHGROVE LAWNS, MONAGHAN TOWN, MONAGHAN
- Sale date
- Declared sale price
- €190,000.00
25 TULLY ESTATE, MONAGHAN TOWN, COUNTY MONAGHAN
- Sale date
- Declared sale price
- €185,000.00
Source: Property Services Regulatory Authority (PSRA), Residential Property Price Register (PPR). Matching uses address information published by the PPR rather than measured map distance. It may omit nearby properties on differently named streets.
Last Sale
A confidently matched previous PPR transaction for this property
No confidently matched previous sale was found in the Property Price Register.
Buyer fees*
Associated expenses guide
- Estimated stamp duty: €2,500 — 1% of €250,000.
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Based on the asking price shown on this page, using standard residential stamp-duty rates. No adjustments are made for VAT, reliefs, mixed-use property or additional land. The final purchase price and your circumstances may change the amount payable.
- Solicitor legal fees: approximately 1500 to 3000 euro plus VAT.
- Land registration fees: approximately 600 to 800 euro depending on property values and filings.
- Property valuation fees: approximately 150 to 250 euro.
- Surveyor fees: approximately 500 to 1200 euro depending on the depth of the structural survey required for period buildings.
- Annual home insurance: approximately 400 to 800 euro depending on coverage levels and structural characteristics.
Forum Talk
What people are saying about this area
- Locals and community forums frequently discuss the ongoing revitalisation and pedestrianisation efforts within Monaghan Town centre.
- Residents on regional social media channels often highlight the convenience and vibrancy of living directly on Market Street.
- Discussions in local property groups note the strong demand for centrally located period homes and townhouses suitable for renovation.
- Community commentary often references the availability of the Vacant Property Refurbishment Grant for older town centre properties.
LifeFit Assessment
How well this property may suit your lifestyle
Family
7 areas- Young Children4/10
The property consists of two period townhouses requiring significant modernization and refurbishment. With five bedrooms across a central town location, there is space for a family, but safety and the need for extensive renovations mean it may not be immediately suitable for very young children without substantial work.
- Teenagers6/10
Located right in the heart of Monaghan Town with high-speed broadband available, this property offers older children and teenagers convenient access to town amenities, though the layout spanning multiple townhouses requires reconfiguration.
- Multi-generational Living6/10
Offered as two separate properties that can potentially be combined into one residence, there is intriguing scope for multi-generational living or dependent family members, subject to securing the necessary consents and undertaking renovations.
- Single Buyers5/10
While the asking price of €250,000 for two combined properties offers space, a single buyer would need to tackle a major renovation project, which could be daunting without a partner or significant capital.
- Couples6/10
A fantastic project for a couple looking to take on a period restoration in a town-centre setting, with the potential to create a bespoke home.
- Empty Nesters5/10
Town centre convenience appeals to empty nesters, but the multi-story nature and heavy maintenance requirements of a mid-nineteenth-century building might be challenging for long-term comfort without modifications.
- Retirees4/10
Proximity to town amenities is a plus, but the extensive renovation required and stairs across multiple levels in these period townhouses mean retirees should carefully consider accessibility and upkeep.
Work
3 areas- Remote Working8/10
High-speed broadband is available, and with multiple rooms that can serve as offices or studies, it is well-suited for remote work once modernized.
- Hybrid Commuting7/10
A central town base makes managing a hybrid work routine straightforward, though commuting reliance depends heavily on wider regional transport links.
- Retired5/10
Suited for retirees who want town-centre convenience, provided they are prepared to manage a major historic property renovation.
Practical
8 areas- Ageing in Place3/10
Multi-story period townhouses with stairs across multiple levels present significant challenges for long-term mobility and ageing in place without major architectural adaptation.
- Low Maintenance2/10
As c.1850 period properties requiring extensive refurbishment and modernization, maintenance demands will be high initially.
- Secure Gated Entry3/10
Direct street access onto Market Street means traditional private gated security is absent.
- Minimalist Design3/10
These are historic nineteenth-century buildings defined by traditional features like timber joinery, fanlights, and chimney stacks, contrasting with minimalist aesthetics.
- Flexible Floor Plans8/10
The offering of two separate townhouses (No. 16 and No. 17) with scope to combine them into a single five-bedroom residence provides exceptional layout flexibility.
- Heritage Home10/10
Dating from c.1850, these attractive mid-nineteenth-century townhouses retain wonderful character, natural slate roofs, original fireplaces, and period charm.
- Ecological Setup3/10
As uninsulated period structures requiring deep retrofitting, their current ecological and energy efficiency performance is likely low until upgraded.
- Outdoor areas2/10
Townhouse configuration on Market Street means there is little to no private outdoor garden space.
Interests
9 areas- Gardening2/10
As historic terraced townhouses directly on the street, private garden space is severely limited or non-existent.
- Walking8/10
The central town location makes it exceptionally easy to walk to local shops, cafes, and community facilities.
- Gym7/10
Being centrally located in Monaghan Town provides good access to local fitness facilities and amenities within a short distance.
- Cycling6/10
Town-centre location allows for easy cycling around the local urban area, though storage for bikes within historic townhouses should be verified.
- Golf5/10
Monaghan has regional golf facilities accessible by a short drive, though not directly adjacent to the property.
- Fishing5/10
County Monaghan is known for its lakes and angling opportunities, accessible via short drives from the town centre.
- Horse Riding4/10
Equestrian pursuits are available in the wider county area, but require transport out of the town centre.
- Water Sports3/10
Limited local water sports infrastructure directly in the town centre, though nearby lakes offer some recreational potential.
- Entertaining6/10
Once combined and renovated, the property offers generous square footage and multiple reception rooms suitable for hosting guests in a central location.
Lifestyle
5 areas- Quiet Living3/10
Situated directly on Market Street in Monaghan Town, this is a bustling central location rather than a quiet retreat.
- Rural Living2/10
This is strictly a town-centre property with urban conveniences rather than a rural setting.
- Village Living7/10
Offers the classic feel of living right in the heart of a vibrant town community with shops, services, and amenities on the doorstep.
- Coastal Living1/10
Inland Monaghan location with no coastal proximity.
- Urban Living8/10
An excellent match for urban town living, placing residents right in the commercial and social hub of Monaghan Town.
Social
6 areas- Community Involvement7/10
Living right on Market Street integrates residents directly into the civic and social life of Monaghan Town.
- Café Culture8/10
Fantastic proximity to local cafes, restaurants, and social spots right outside the front door.
- Nightlife8/10
Being in the town centre places local pubs, bars, and evening entertainment venues within immediate walking distance.
- Health/Wellness groups7/10
Good access to local community groups, medical services, and wellness providers in the town.
- Networking Opportunities6/10
Central location facilitates business and social networking within the local commercial community.
- Tech-Hub Connectivity7/10
Supported by the availability of high-speed broadband, making digital connectivity reliable for tech-focused tasks.
Listing information
- Agent
- Sherry FitzGerald Conor McManus
- Phone
- 047 71 461
- Current status
- active
- Published on HouseDelve
- 26 October 2026
- Correction
- Report an issue
HD-D5292BHouseDelve · Republic of IrelandReport checks
Sources used: Public marketplace, Property Price Register, and grounded web research where available.
Automated quality checks: Passed
* Estimate — not advice. Actual costs and outcomes can vary materially. Obtain current quotations and professional advice before making financial or property decisions.