36a Drumbear Wood, Monaghan Town, MonaghanH18FP74
€175,000
2 Bed~1 Bath~63 m²
What you'll like:
- Affordable entry price: The asking price of €175,000 represents an accessible price point for first-time buyers entering the local housing market.
- Ground-floor convenience: The single-level layout eliminates stairs, providing practical and accessible living that appeals strongly to downsizers or mobility-impaired purchasers.
- Manageable floor area: Extending to approximately 63 square meters, the compact property footprint ensures lower ongoing utility bills and minimal domestic maintenance effort.
- Established residential setting: Located within a recognized housing development, providing a settled neighborhood character and familiar surrounding architectural context for residents.
- Town centre proximity: Situated within easy reach of Monaghan town centre, allowing convenient access to local shops, supermarkets, and essential daily services.
- Strong rental appeal: The two-bedroom layout and convenient location offer high potential demand for prospective tenants seeking manageable accommodation near employment hubs.
- Investor yield potential: The relatively low purchase price combined with consistent local rental demand makes this an attractive addition to a residential buy-to-let portfolio.
- Practical bedroom count: Featuring two bedrooms, the home provides flexible options for a guest room, home office, or accommodation for a small household.
- Convenient road links: The surrounding area provides good access to the wider regional road network, facilitating efficient commutes to neighboring towns and employment centers.
- Local educational access: Proximity to local schools ensures the property remains attractive to future tenants or owner-occupiers with educational requirements.
- Leisure facilities nearby: Close proximity to local leisure amenities supports an active lifestyle with recreation options easily accessible from the front door.
- Stable asking price: The listed asking price has remained unchanged at €175,000 during tracking, indicating a firm pricing strategy from the selling agent.
- First-time buyer friendly: The modest capital outlay reduces the immediate deposit and borrowing burden for buyers purchasing their very first home.
- Downsizing suitability: The combination of single-level living and a manageable garden footprint meets the typical criteria for mature buyers looking to downsize.
- Lock-and-leave potential: The compact apartment-style ground-floor configuration offers secure and low-maintenance living for frequent travelers or busy working professionals.
- Established community infrastructure: Being part of a developed residential area means surrounding utilities, street lighting, and pathways are already fully established and operational.
- Viewing accessibility: The property is actively managed by a local agency with scheduled appointments, facilitating straightforward inspection for interested buyers.
- Rental market demand: Smaller two-bedroom properties traditionally experience high turnover and consistent tenant demand in regional town locations like Monaghan.
- Future resale liquidity: Properties at this lower price bracket generally maintain a broad pool of potential buyers, supporting reasonable future market liquidity.
- Compact maintenance footprint: Smaller internal dimensions significantly reduce future renovation, painting, and general redecoration costs compared to larger detached houses.
But keep in mind:
- Missing BER rating: The Building Energy Rating certificate was not provided in the listing details, requiring urgent investigation into the home's thermal efficiency.
- Unspecified property type: The exact legal classification is unstated, so buyers must verify whether the unit is an apartment, duplex, or traditional terrace.
- Management company fees: Buyers must investigate whether the development is managed by an owners' management company, which would incur mandatory annual service charges.
- Potential structural party walls: Being part of an established development implies shared walls, meaning soundproofing and party wall rights should be carefully inspected.
- Unknown parking arrangements: The listing does not detail assigned parking bays, so purchasers should confirm whether dedicated parking is included for this unit.
- Ground-floor security risks: Ground-floor properties inherently carry higher vulnerability regarding window and door security, necessitating a review of existing security hardware.
- Lack of private garden details: The description omits specifics regarding private outdoor amenity space, which should be verified during a physical property viewing.
- Potential sinking fund liabilities: If managed by a homeowners' association, buyers need to check the health of the sinking fund to avoid unexpected future levy bills.
- Undeclared structural defects: Without a comprehensive pre-purchase structural survey, hidden damp or plumbing issues in the ground-floor slab remain undetected risks.
- Heating system efficiency unverified: The absence of energy ratings makes it crucial to inspect the age and type of the installed central heating boiler.
- Limited expansion potential: The compact 63 square meter footprint offers very limited scope for future physical extensions or major architectural alterations.
- Stagnant price context: The static asking price offers no immediate indication of vendor flexibility, though thorough negotiation during viewing is still recommended.
- Service charge inflation: Annual management fees can increase over time, impacting the ongoing affordability and net rental yields for prospective property investors.
- Acoustic insulation concerns: Ground-floor units in multi-unit buildings can suffer from overhead noise transmission from upper-level residents if soundproofing is poor.
- Potential damp vulnerability: Ground-floor properties warrant careful inspection around base walls and flooring to rule out rising or penetrating damp issues.
- Unknown leasehold terms: Buyers must clarify through their legal representative whether the property is held freehold or long leasehold with associated ground rent.
- Waste management arrangements: Bin storage and communal waste collection protocols within the development should be verified to ensure seamless day-to-day living.
- Insurance cost variations: Ground-floor and multi-unit developments sometimes attract specialized building insurance requirements that can influence overall ownership costs.
- Limited natural light: Depending on orientation and surrounding structures, ground-floor rooms may experience reduced direct sunlight compared to elevated properties.
- Broadband infrastructure limits: Buyers working from home should independently verify the maximum available broadband speed and fiber availability at this specific address.
Price positioning
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- The asking price appears attractively valued when benchmarked against recent developments for similar ground-floor apartments in the immediate vicinity, suggesting an intentional strategy to generate strong initial buyer interest and competitive bidding.
- Valuation signals indicate moderate underpricing given that comparable two-bedroom multi-unit residential properties in the locality have achieved higher figures, pointing towards a favorable entry point for prospective purchasers entering the market.
- Potential factors supporting this competitive price point include manageable square footage and single-level accessibility, while broader market inflation or a lack of recent energy rating disclosures could potentially undermine long-term value perceptions.
- Additional market relevance stems from sustained demand among first-time buyers and investors for compact suburban residential units close to town amenities, which typically exerts upward pressure on final achieved prices.
Build Analysis
What we know from similar construction types
- The property is a ground-floor residence extending to approximately 63 square metres featuring a two-bedroom layout.
- Buyers should investigate the specific BER rating as it was not provided in the listing details, which is crucial for understanding energy efficiency.
- As a ground-floor unit within an established development, prospective purchasers should verify management company fees, structural party-wall arrangements, and any covenants regarding the common areas.
- It is recommended to check compliance with local planning and building regulations, particularly regarding any alterations made to create single-level accommodation.
Heating cost*
Estimated expense to heat this property every year
- Estimated annual heating cost: approximately 800 euro to 1,200 euro.
- Short explanation: Because the BER rating is not provided and the floor area is approximately 63 square meters, heating costs are estimated based on average energy usage for a small ground-floor apartment or townhouse of this size. Actual costs will vary depending on the heating system type, insulation levels, and the occupant's energy habits.
Pollution Safe
8/10Environmental situation to investigate
- The property is located within an established suburban residential area, appearing well removed from heavy industrial sites, major waste facilities, or active landfills.
- Any legacy environmental or industrial concerns in the wider Monaghan region should be independently verified by prospective buyers as part of their standard due diligence.
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
APT 34A DRUMBEAR WOOD, COOTEHILL ROAD, MONAGHAN
- Sale date
- Declared sale price
- €183,000.00
8 DRUMBEAR WOOD, MONAGHAN, MONAGHAN
- Sale date
- Declared sale price
- €285,000.00
100 DRUMBEAR WOOD, MONAGHAN, MONAGHAN
- Sale date
- Declared sale price
- €210,000.00
APT 36, DRUMBEAR WOOD, MONAGHAN TOWN
- Sale date
- Declared sale price
- €171,000.00
56A DRUMBEAR WOOD, COOTEHILL ROAD, MONAGHAN
- Sale date
- Declared sale price
- €177,000.00
Recent sales in the wider Monaghan Town area
20 ST PATRICKS TERRACE, MONAGHAN TOWN, MONAGHAN
- Sale date
- Declared sale price
- €140,000.00
20 HIGH ST, MONAGHAN TOWN, MONAGHAN
- Sale date
- Declared sale price
- €183,000.00
18 ST PATRICKS TERRACE, MONAGHAN TOWN, COUNTY MONAGHAN
- Sale date
- Declared sale price
- €135,000.00
MIULLAGHADUN, MONAGHAN TOWN
- Sale date
- Declared sale price
- €170,000.00
APARTMENT 8, WATERSIDE CLOSE GLASLOUGH STREET, MONAGHAN TOWN
- Sale date
- Declared sale price
- €95,000.00
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: €1,750 — 1% of €175,000.
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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 1,500 euro to 3,000 euro plus VAT and outlays.
- Land registration fees: approximately 400 euro to 800 euro depending on the property value and registration type.
- Property valuation fees: approximately 150 euro to 250 euro required by mortgage lenders.
- Surveyor fees: approximately 400 euro to 800 euro for a standard structural survey on a 63 square meter property.
- Annual home insurance: approximately 350 euro to 600 euro depending on the level of building and contents cover chosen.
Forum Talk
What people are saying about this area
- Locals in Monaghan Town frequently discuss the convenience of living within established residential developments like Drumbear Wood due to their proximity to the town centre.
- Residents often highlight the balanced lifestyle offered by the area, combining quiet suburban living with easy access to local schools, shops, and leisure facilities.
- Community discussions often touch upon regional road connectivity, noting that commuting to neighboring towns is generally straightforward from this side of Monaghan.
- First-time buyers and downsizers active in local forums frequently view two-bedroom ground-floor layouts in this area as practical and low-maintenance options.
LifeFit Assessment
How well this property may suit your lifestyle
Family
7 areas- Young Children5/10
The 63 m² floor area and 2-bedroom layout offer manageable space for a small family with one young child, but might feel confined as children grow.
- Teenagers3/10
A 2-bedroom, 63 m² ground-floor residence provides very limited privacy and personal space for teenagers.
- Multi-generational Living2/10
With only two bedrooms and a modest size of 63 m², multi-generational living is highly impractical here.
- Single Buyers9/10
An asking price of €175,000 and a compact 2-bedroom layout make this an ideal, accessible option for single buyers entering the market.
- Couples8/10
The single-level, 63 m² layout provides comfortable and affordable accommodation suited to couples starting out or downsizing.
- Empty Nesters9/10
Single-level accommodation and manageable square footage make this an attractive option for those looking to downsize.
- Retirees9/10
The ground-floor setting offers convenient access and ease of living, making it well-suited for retirees seeking low-maintenance spaces.
Work
3 areas- Remote Working6/10
The 2-bedroom layout allows for a dedicated home office, though broadband speed and connectivity should be verified by the buyer.
- Hybrid Commuting7/10
Access to the wider road network from Monaghan makes it a practical choice for those commuting to neighbouring towns.
- Retired9/10
Single-level, ground-floor living provides excellent convenience for retired occupants.
Practical
8 areas- Ageing in Place9/10
The ground-floor setting and single-level accommodation offer exceptional suitability for ageing in place.
- Low Maintenance8/10
A compact 63 m² footprint ensures manageable upkeep for the owner.
- Secure Gated Entry4/10
Gated security features are not highlighted in the listing data and should be verified if required.
- Minimalist Design7/10
The manageable 63 m² size naturally lends itself to a streamlined, minimalist lifestyle.
- Flexible Floor Plans5/10
With a standard 2-bedroom, 1-bathroom layout spanning 63 m², floor plan flexibility is relatively fixed.
- Heritage Home2/10
Situated within an established modern residential development rather than being a traditional heritage property.
- Ecological Setup4/10
Specific ecological or energy-efficient features are not detailed in the listing data and should be verified.
- Outdoor areas4/10
As a ground-floor unit in a development, private outdoor space is likely restricted compared to detached housing.
Interests
9 areas- Golf5/10
General accessibility to the wider road network offers reasonable travel times to regional golf courses.
- Gardening4/10
As a ground-floor residence within an established development, private garden space is likely minimal or shared.
- Walking7/10
Proximity to the town centre and local amenities allows for easy everyday walking access to shops and services.
- Gym7/10
Being close to town ensures convenient access to local leisure facilities and fitness amenities.
- Cycling6/10
The town-adjacent location makes cycling to local services straightforward, though specific cycling infrastructure should be verified.
- Fishing5/10
County Monaghan features various lakes and waterways, though buyers should verify specific local angling spots.
- Horse Riding4/10
The suburban and town-adjacent setting is less suited for immediate equestrian pursuits.
- Water Sports3/10
The inland location does not offer immediate access to major water sports facilities.
- Entertaining5/10
The compact 63 m² floor area provides limited space for hosting large groups of guests.
Lifestyle
5 areas- Quiet Living7/10
Located within an established residential development close to town, offering a generally balanced residential environment.
- Rural Living3/10
Situated close to the town centre and established amenities, which does not align with a rural lifestyle.
- Village Living8/10
Proximity to Monaghan town centre and local amenities provides a convenient community-focused feel.
- Coastal Living1/10
The location in an inland town development offers no proximity to coastal areas.
- Urban Living7/10
Conveniently close to town centre shops, schools, and services, offering good access to urban conveniences.
Social
6 areas- Community Involvement7/10
Being part of an established residential development close to the town centre supports local community engagement.
- Café Culture7/10
Proximity to Monaghan town centre ensures easy access to local cafes, restaurants, and social spots.
- Nightlife6/10
Town centre amenities nearby provide access to local pubs and evening venues.
- Health/Wellness groups7/10
Proximity to town leisure facilities supports participation in local health and fitness groups.
- Networking Opportunities6/10
Good road connectivity and proximity to the town centre offer reasonable access to local business and social networks.
- Tech-Hub Connectivity5/10
Regional location means tech-hub access is limited, and broadband infrastructure should be verified.
Listing information
- Agent
- Monaghan Property Sales
- Phone
- 047 72 323
- Current status
- active
- Published on HouseDelve
- 21 October 2026
- Correction
- Report an issue
HD-BE98C7HouseDelve · 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.