
48 Castle Street, Closegate Estate, Co. WaterfordX91EK8R
€150,000
3 Bed~1 Bath~BER G
What you'll like:
- Accessible city location: Situated within walking distance of Waterford City amenities, providing immediate convenience for daily errands, dining, and local shopping without relying heavily on a car.
- Excellent train proximity: Positioned in close proximity to the Waterford train station, offering exceptional commuter ease and direct access to Dublin City and other regional destinations.
- Manageable asking price: Listed at €150,000, this property presents an exceptionally low barrier to entry for first-time buyers looking to step onto the local property ladder.
- Vacant possession offered: Sold with vacant possession, allowing the new owner to move in immediately or commence renovation works without delays from occupying tenants.
- Three bedroom layout: Features three bedrooms across two floors, delivering flexible accommodation that can comfortably house a small family, couples, or serve as a dedicated home office setup.
- Rear garden space: Includes private gardens to the rear, giving occupants valuable outdoor green space for gardening, relaxation, or potential future landscaping projects.
- Compact floor area: Spans approximately 80 square metres, making it an ideal footprint for efficient heating, straightforward cleaning, and lower overall long-term maintenance costs.
- Stable asking price: The recorded asking price has remained completely unchanged at €150,000 since initial observation, suggesting a fixed vendor expectation with no mid-campaign hikes.
- Terraced home structure: Built as a traditional terraced house arranged over ground and one upper floor beneath a pitched roof, offering a familiar and structurally conventional layout.
- Urban rental potential: Due to its proximity to the city centre and train station, the property holds strong potential for strong tenant demand once fully modernised.
- Improvement upside: The low acquisition cost leaves ample financial headroom in a renovation budget to upgrade finishes entirely to the buyer's personal tastes and modern standards.
- Straightforward campaign: The online auction format provides a transparent, structured bidding process with defined timelines for serious buyers looking to secure a property quickly.
- Street front access: Features on-street parking directly outside, providing convenient immediate vehicle placement right at your front door within the estate.
- Established residential estate: Located within the Closegate Estate setting, placing the home inside an established neighborhood with a pre-existing community structure and local character.
- Compact heating zones: The modest overall square footage means heating systems can warm the entire dwelling relatively quickly compared to larger detached properties.
- Investment entry point: Investors seeking a low-cost project in a regional urban center will find the modest purchase price attractive for portfolio diversification strategies.
- No upward chain: Vacant delivery removes complicated chain dependencies, streamlining the purchase process and reducing typical closing delays significantly.
- Direct commuter link: The nearby railway access is a major asset for hybrid workers who need occasional swift transport connections to the capital.
- Manageable footprint: The 861 square foot layout minimizes wasted hallways, maximizing the functional living space available across the ground and upper floors.
- Clear development scope: The property is a blank canvas for structural upgrades, letting buyers implement their own energy efficiency measures directly from day one.
But keep in mind:
- Extremely poor BER rating: Rated G on the Building Energy Rating scale with a high energy consumption of 429.29 kWh/m2/yr, indicating severe thermal inefficiency and high heating costs.
- Substantial retrofitting required: Achieving a modern energy standard will require extensive insulation, window replacements, and heating system upgrades, demanding a significant capital investment beyond the purchase price.
- No internal vendor inspection: The auction platform states the property was not internally inspected or measured by their team, meaning hidden structural defects could remain entirely unknown prior to bidding.
- Unverified measurements: Floor area figures of approximately 80 square meters are based solely on vendor-provided information, so buyers should commission an independent survey to confirm exact dimensions.
- Unknown structural condition: Without a professional pre-auction survey, issues such as damp, roof degradation, outdated wiring, or plumbing faults might only become apparent after purchase.
- G-rated heating costs: The very low energy rating will result in exceptionally high winter energy bills until comprehensive insulation and modern heating solutions are fully installed.
- Competitive auction pressure: Buying through an online auction platform requires immediate exchange of contracts and payment of deposits upon winning, removing standard cooling-off protections.
- Parking limitations: On-street parking can be competitive or congested in older urban estates, potentially leading to daily availability issues for multiple vehicles.
- Garden maintenance needed: Rear gardens sold with vacant properties often require clearance, landscaping, and boundary repairs before they can be enjoyed safely.
- Potential outdated wiring: Older terraced houses in city locations frequently feature outdated electrical wiring that will need complete rewiring to meet modern safety standards.
- Plumbing system risks: The presence of older pipework or aging bathroom fixtures could necessitate a total plumbing overhaul to prevent leaks and ensure adequate water pressure.
- Ventilation and damp: Properties with G energy ratings often suffer from poor ventilation, leading to condensation, mold growth, and damp issues that require remedial damp-proofing.
- Limited storage provisions: Traditional 80 square meter terraced layouts often lack built-in storage, requiring clever joinery or external solutions to manage belongings effectively.
- Acoustic insulation limits: Terraced living means shared party walls can transmit noise from neighboring properties, requiring potential soundproofing investments for optimal quiet.
- Financing complexities: Securing a mortgage on a G-rated property can sometimes be challenging with certain lenders until a verified retrofit plan and budget are established.
- Online bidding stress: Auction deadlines and digital bidding environments can create high-pressure decision-making scenarios, increasing the risk of overbidding without proper due diligence.
- Legal title verification: Buyers must thoroughly examine the legal pack for any covenants, rights of way, or title irregularities common in older estate properties.
- Local amenity wear: Proximity to the city center and station may bring higher foot traffic, occasional noise, or urban litter around the immediate estate perimeter.
- Uncertain refurbishment costs: Given the lack of internal inspection, unforeseen renovation expenses could easily exceed initial budget estimates if structural elements are compromised.
- Resale value lag: Until the poor BER rating is drastically improved, the property's market appeal and future resale value may remain constrained compared to modern energy-efficient homes.
Price positioning
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- The asking price appears attractively positioned primarily because of the very poor energy rating, which demands substantial immediate capital investment to achieve modern habitation standards and energy efficiency levels expected by standard buyers.
- Valuation signals of underpricing include the exceptionally low entry figure for a three bedroom city location, though this is heavily offset by the severely inefficient G energy rating requiring costly retrofitting works.
- Factors that could support this pricing level include strong rental demand in urban centres and vacant possession appeal, while potential value undermining stems from hidden structural defects and extreme modernisation expenses.
- The recorded asking price history demonstrates absolute stability at the initial figure with zero reductions, suggesting a firm vendor stance or an online auction strategy designed to generate competitive bidding interest.
Build Analysis
What we know from similar construction types
- The property is a terraced three-bedroom house extending to approximately 80 sq. m (861 sq. ft) over ground and one upper floor beneath a pitched roof.
- It features a rear garden and on-street parking.
- The BER rating is G, indicating very poor energy performance and potential issues with insulation, heating systems, and ventilation.
- Buyers should investigate the structural integrity, dampness, and the condition of the roof, windows, and heating infrastructure given the low energy rating.
Retrofit Cost*
Possible renovating / insulating expenditure
- Estimated deep-retrofit cost is between EUR 50,000 and EUR 70,000.
- Reasoning: The property has a G BER rating (energy consumption of 429.29 kWh/m2/yr), requiring comprehensive upgrades such as external wall insulation, window replacements, a modern heating system, and possibly roof insulation to bring it to an acceptable energy standard.
Heating cost*
Estimated expense to heat this property every year
- Estimated annual heating cost is approximately 2,200 euro to 2,800 euro.
- This high estimate is driven by the very poor G energy rating and an estimated floor area of approximately 80 square metres, indicating significant potential heat loss that the buyer should investigate.
Pollution Safe
8/10Environmental situation to investigate
- The property is located in an established urban residential area of Waterford City, appearing distant from major heavy industrial sites, active landfills, or modern waste incinerators.
- Buyers should verify local environmental records regarding any historical urban land uses or legacy industrial activity in the immediate vicinity during standard conveyancing checks.
Flood Safe
6/10Water overflow reports to follow up
- Mapping indicates that the property is situated close to areas identified as having potential river and coastal flood exposure in specific models.
- Waterford City has historical vulnerabilities to tidal and fluvial flooding along the River Suir corridor, making proximity to flood zones an important factor to review.
- The home does not sit directly inside the mapped flood boundaries, but the short distance to these zones means local drainage and extreme weather events warrant careful local enquiries.
The property is outside the mapped flood area. But the nearest mapped area is approximately 71 metres away. This map does not account for flood defences.
Recent Local Sales
Verified residential transactions published in the previous five years
Sales on the same street or estateExtra effort was used to find nearby sales here
52 CLOSEGATE, CASTLE ST, WATERFORD
- Sale date
- Declared sale price
- €175,000.00
Recent sales in the wider local area
62 SLIEVEKEALE RD, WATERFORD, WATERFORD
- Sale date
- Declared sale price
- €330,000.00
68 MOUNT SION AVE, WATERFORD, WATERFORD
- Sale date
- Declared sale price
- €238,682.00
18 MARIAN PARK, WATERFORD, WATERFORD
- Sale date
- Declared sale price
- €325,000.00
112 GRIFFITH PLACE, WATERFORD, WATERFORD
- Sale date
- Declared sale price
- €175,000.00
23 MORRISSONS RD, WATERFORD, WATERFORD
- Sale date
- Declared sale price
- €182,000.00
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: €1,500 — 1% of €150,000.
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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.
- Land registration fees: approximately 175 euro to 800 euro depending on the property value.
- Property valuation fees: approximately 150 euro to 250 euro.
- Surveyor fees: approximately 400 euro to 800 euro.
- Annual home insurance: approximately 350 euro to 700 euro.
Forum Talk
What people are saying about this area
- Residents frequently discuss the ongoing urban regeneration initiatives across central Waterford, noting improvements to public realm spaces and pedestrian routes.
- Community forums highlight the convenience of living within walking distance of Waterford train station for commuters traveling to Dublin and other regions.
- Local discussions often touch upon traffic management and parking availability in older residential quarters close to the city center.
- Neighbourhood groups regularly share updates on local amenities, schools, and shopping facilities within the urban core.
LifeFit Assessment
How well this property may suit your lifestyle
Family
7 areas- Young Children5/10
The property offers three bedrooms and a rear garden, providing a manageable space for young families, though buyers should verify the safety and condition of the outdoor area and the surrounding neighborhood.
- Teenagers4/10
With three bedrooms, space might become tight for teenagers as they grow, and the single bathroom could lead to morning congestion.
- Multi-generational Living2/10
The floor area of approximately 80 sq. m and single bathroom layout are generally too constrained to comfortably accommodate multi-generational living.
- Single Buyers8/10
At an asking price of €150,000, this three-bedroom terraced house presents an affordable entry point for single buyers looking to get onto the property ladder.
- Couples8/10
The three-bedroom layout allows couples plenty of flexibility for a home office, guest room, or future expansion while remaining budget-friendly.
- Empty Nesters6/10
The terraced house setup requires minimal upkeep compared to detached homes, though stairs and a single upper floor bathroom should be considered for long-term comfort.
- Retirees5/10
Proximity to city amenities is a plus, but retirees should note the presence of stairs and on-street parking, and investigate whether the property can easily be adapted for accessibility.
Work
3 areas- Remote Working6/10
The three-bedroom configuration allows one room to be easily designated as a home office, though buyers should verify broadband speeds and connectivity in the area.
- Hybrid Commuting9/10
Close proximity to the train station offering ease of access to Dublin City and further afield makes this an excellent location for hybrid commuters.
- Retired5/10
The home suits retirees seeking city convenience, though future mobility needs should be assessed given the two-story layout.
Practical
8 areas- Ageing in Place3/10
The two-story property with an upper floor bathroom and stairs may present challenges for aging in place without substantial modifications.
- Low Maintenance6/10
A terraced house layout generally requires less exterior upkeep than detached properties, though the G energy rating indicates significant potential for energy-efficiency upgrades.
- Secure Gated Entry2/10
The property features on-street parking and a traditional open street setup rather than a secure gated community entrance.
- Minimalist Design5/10
The traditional terraced floor plan requires intentional interior design choices to achieve a truly minimalist aesthetic.
- Flexible Floor Plans4/10
Spanning approximately 80 sq. m across two floors, the layout is fairly standard for a three-bedroom terrace with limited room for major reconfiguration.
- Heritage Home3/10
The listing does not highlight historical heritage features, pointing instead to a standard terraced housing structure.
- Ecological Setup1/10
The property carries a poor BER rating of G with high energy consumption (429.29 kWh/m2/yr), indicating that substantial thermal and ecological improvements are required.
- Outdoor areas5/10
Includes a rear garden and on-street parking, though buyers should verify boundaries, maintenance requirements, and parking availability.
Interests
9 areas- Gardening4/10
The property includes a rear garden, providing a basic outdoor patch for potted plants or minor landscaping, though buyers should verify its exact size and soil condition.
- Walking8/10
The central location within walking distance of local amenities and the train station makes it convenient for daily pedestrian outings.
- Gym6/10
Proximity to the city center generally offers access to local fitness facilities, though buyers should verify the exact distance to the nearest gyms.
- Cycling6/10
Urban positioning allows for cycling access to nearby amenities, though on-street parking implies cyclists should carefully consider secure bike storage options inside the home.
- Golf5/10
General city access usually means regional golf courses are reachable within a reasonable drive, though transport is likely required.
- Fishing4/10
Proximity to regional waterways depends on specific local geography, but the city center location requires travel to reach prime fishing spots.
- Horse Riding2/10
An urban terraced setting is not suited for horse riding interests, which typically require rural or semi-rural stables.
- Water Sports3/10
While situated in a city with river access, dedicated water sports facilities would likely require travel beyond the immediate neighborhood.
- Entertaining5/10
The living space and rear garden provide areas to host guests, but the compact approximate 80 sq. m footprint may limit large gatherings.
Lifestyle
5 areas- Quiet Living4/10
Being located within walking distance of city amenities and featuring on-street parking suggests an urban setting that may experience regular traffic and ambient noise.
- Rural Living1/10
This is a terraced house situated within walking distance of city amenities, offering an urban rather than a rural environment.
- Village Living3/10
The property is positioned within an established urban estate rather than a distinct village community.
- Coastal Living3/10
While located in a coastal county, the immediate setting is urban and central rather than directly coastal.
- Urban Living9/10
Situated within walking distance of city amenities and close to the train station, this location is exceptionally well-suited for urban living.
Social
6 areas- Community Involvement6/10
Being part of an established estate and close to the city center provides reasonable opportunities to engage with local community groups and activities.
- Café Culture8/10
Walking distance to city amenities places numerous local cafés, restaurants, and social spots within easy reach.
- Nightlife7/10
Proximity to the city center offers convenient access to pubs, entertainment venues, and nightlife options.
- Health/Wellness groups7/10
Urban location facilitates access to local wellness classes, pilates & stretching studios, and healthcare providers.
- Networking Opportunities6/10
Good rail links and central positioning assist professionals looking to connect with broader business networks.
- Tech-Hub Connectivity5/10
Buyers should verify local fibre broadband infrastructure to ensure high-speed tech-hub connectivity is available at the property.
Listing information
- Agent
- BidX1 Ireland Ltd
- Phone
- 01 6673388
- Current status
- active
- Published on HouseDelve
- 7 November 2026
- Correction
- Report an issue
HD-422B0FHouseDelve · 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.