
49 Morrisson's Road, WaterfordX91PR8X
€120,000
2 Bed~1 Bath~BER G
What you'll like:
- Attractive entry price: Listed at €120,000, this property offers an exceptionally low acquisition cost for buyers seeking a renovation project in an urban location.
- City centre proximity: Situated within walking distance of Waterford city centre, providing convenient access to local shops, schools, and essential daily services.
- Public transport access: Located close to local bus services, making it convenient for residents who rely on public transportation for commuting.
- Compact floor area: The accommodation extends to approximately 456 square feet, which naturally limits the total surface area requiring physical renovation work.
- Double-fronted layout: Features a double-fronted semi-detached bungalow design, offering a traditional architectural footprint and balanced exterior proportions.
- Private outdoor space: Includes both front and rear gardens, giving future owners valuable private outdoor areas to landscape or extend into.
- Renovation grant potential: Appears to have been vacant for more than two years, meaning it may potentially qualify for the Vacant Property Refurbishment Grant subject to terms.
- Council sale backing: Being sold directly by Waterford City and County Council, providing a transparent and institutional transaction process for interested purchasers.
- Development upside: Total modernisation required allows the buyer to completely redesign the interior layout and finishes to their own personal taste.
- Investment potential: Low initial purchase price combined with potential grant funding creates a strong margin for capital appreciation upon successful renovation.
- Rental demand strength: Proximity to the city centre ensures robust future rental demand from working professionals or students once modernization is completed.
- Manageable footprint: The small scale of a 456 sq.ft bungalow allows tradespeople to execute structural alterations and finishing works much faster.
- Independent front entrance: A dedicated front garden and independent entry provide privacy and a distinct street presence despite being semi-detached.
- Established neighbourhood: Located in an established residential community with existing infrastructure, avoiding the uncertainties of newly developing suburban tracts.
- Clear project scope: The poor condition is fully disclosed upfront, allowing renovators to budget accurately for a comprehensive strip-out and rebuild.
- Direct acquisition route: Offers can be submitted directly via email to the managing agent with straightforward financing and viewing confirmations.
- Outdoor storage potential: The rear garden provides ample space for storing building materials or constructing a small shed during the renovation phase.
- Historic charm restoration: Exterior features of a traditional bungalow can be restored to enhance curb appeal and preserve local neighborhood character.
- Straightforward floor plan: Single-storey bungalow layouts eliminate the complexities of staircase placement and upper-floor structural reinforcement.
- Strategic location value: Properties within walking distance of regional city centres remain highly liquid assets over the medium to long term.
But keep in mind:
- Abysmal BER rating: Rated G on the Building Energy Efficiency scale, indicating severe thermal inefficiency that will require substantial insulation and heating upgrades.
- Derelict sites register: The property is currently listed on the council's Derelict Sites Register, requiring mandatory removal of dereliction status.
- Strict completion timeline: Must be brought back into active use within approximately twelve months of the closing date, creating severe time pressure for builders.
- Total modernization required: Property is in very poor condition throughout, meaning every single surface, wiring loom, and plumbing pipe likely needs replacement.
- Strict council covenants: Buyers should verify all council-imposed conditions and penalties associated with failing to meet the twelve-month turnaround requirement.
- Grant funding uncertainty: Qualification for the Vacant Property Refurbishment Grant is subject to strict terms and eligibility rules that are not guaranteed.
- Hidden structural defects: Poor overall condition increases the risk of discovering damp, dry rot, or compromised foundations once stripping commences.
- Asbestos risk potential: Older vacant properties frequently contain hazardous materials like asbestos in roof tiles or Artex, requiring professional abatement.
- Plumbing system failure: Given the prolonged vacancy and derelict status, the water and heating systems should be assumed completely non-functional.
- Electrical safety hazards: Outdated or damaged electrical wiring will require a complete rewiring to meet modern safety and building regulations.
- Roof integrity concerns: Buyers must thoroughly inspect the roof structure for leaks, sagging timbers, or missing tiles typical of neglected properties.
- Window and door replacement: Existing joinery is likely rotten or drafty, necessitating immediate replacement with double or triple-glazed alternatives.
- Dampness and ventilation: Extended vacancy often leads to severe rising or penetrating damp, requiring damp-proof course injection and improved ventilation.
- Uncertain site boundaries: Garden areas may require formal verification of boundary lines and legal title clarity during the conveyancing process.
- Parking availability limits: Street parking or lack of a driveway should be verified, as it may complicate material deliveries during construction.
- Planning permission hurdles: Any structural extensions or major exterior alterations will require careful navigation of local planning guidelines.
- Contingency budget necessity: Renovating a derelict G-rated home almost always incurs unexpected cost overruns that exceed initial contractor estimates.
- Financing approval difficulty: Securing a standard mortgage on a G-rated derelict property can be challenging, often requiring specialized renovation loans.
- Open viewing constraints: Scheduled open viewings limit the time available for detailed architectural or engineering inspections prior to bidding.
- Insurance availability issues: Vacant and derelict buildings can be difficult or expensive to insure against fire and storm damage during construction.
Price positioning
?
Not enough reliable market evidence is available to position this asking price.
Build Analysis
What we know from similar construction types
- The property is a double-fronted semi-detached bungalow with a floor area of approximately 456 sq.ft.
- The listing notes the property is in poor condition throughout, requires full modernisation and renovation, and has been vacant for more than two years.
- The property is currently on the Council's Derelict Sites Register, and a buyer should investigate the statutory obligations and timeline required to remove it from dereliction (noted as c.12 months).
- A buyer should verify structural integrity, dampness, roof condition, and the status of services given its long vacancy and poor condition.
- Potential eligibility for the Vacant Property Refurbishment Grant should be independently verified alongside planning and building compliance requirements for any renovation works.
Retrofit Cost*
Possible renovating / insulating expenditure
- The BER rating is G, indicating a very poor energy efficiency level that necessitates a comprehensive deep retrofit.
- A deep retrofit for a small bungalow of approximately 456 sq.ft. typically ranges from €40,000 to €70,000 or more, depending on the extent of structural repairs, internal/external wall insulation, window replacements, heating system upgrades (such as a heat pump), and ventilation.
- Costs could be partially offset by SEAI grants and potentially the Vacant Property Refurbishment Grant, subject to eligibility and terms.
Heating cost*
Estimated expense to heat this property every year
- Estimated annual heating cost: €1,800 to €2,500.
- Explanation: Given the G energy rating, small floor area of approximately 456 sq.ft., and poor overall condition requiring full modernisation, energy efficiency is currently very low, resulting in high potential heat loss until extensive renovations and insulation upgrades are completed.
Pollution Safe
8/10Environmental situation to investigate
Flood Safe
7/10Water overflow reports to follow up
- The general Waterford city center area includes zones near the River Suir with historical flood alerts, requiring buyers to check specific local flood maps for Morrisson's Road.
- There are no immediate indications of severe, direct flood vulnerability noted in standard descriptions, but local drainage and heavy rainfall resilience should be investigated.
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 local area
No verified results were found for this group in the previous five years.
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
- Stamp duty: Approximately €1,200 based on 1% of the asking price of €120,000 for a residential property.
- Solicitor legal fees: Estimated between €1,500 and €2,500 plus VAT and outlays.
- Land registration fees: Around €170 to €600 depending on the registration type and property value.
- Property valuation fees: Approximately €150 to €300 for a standard mortgage valuation.
- Surveyor fees: Estimated between €500 and €1,000, highly recommended given the poor condition and derelict status.
- Annual home insurance: Approximately €400 to €800, though rates may be higher or require specialist vacant/derelict property coverage.
Forum Talk
What people are saying about this area
- Locals on community forums frequently discuss regeneration efforts around Morrisson's Road and the wider Waterford city center.
- Residents often highlight the convenience of walking to local amenities, though parking and traffic management remain common discussion points.
- There is active online interest regarding vacant property refurbishment grants and council initiatives to tackle derelict sites in Waterford.
- Community groups frequently share advice on contractors, grants, and navigating the Derelict Sites Register requirements.
LifeFit Assessment
How well this property may suit your lifestyle
Family
7 areas- Young Children3/10
The property requires full modernization, renovation, and is currently on the Derelict Sites Register, making it unsuitable for young children until extensive and costly works are completed.
- Teenagers3/10
With only two bedrooms and a poor condition requiring heavy renovation, space and modern comforts for teenagers are severely lacking.
- Multi-generational Living1/10
A 456 sq.ft. double-fronted semi-detached bungalow with two bedrooms offers far too little space to accommodate multiple generations comfortably.
- Single Buyers7/10
An affordable asking price of €120,000 presents a great entry-level project for a single buyer with a renovation budget, though substantial work is required.
- Couples7/10
The two-bedroom layout is manageable for a couple willing to take on a significant fixer-upper project to create their ideal home.
- Empty Nesters4/10
While single-level bungalow living suits downsizing, the heavy structural and cosmetic renovation needed may prove overwhelming without proper contractor support.
- Retirees4/10
A single-level layout is ideal for retirement, but the poor condition and mandatory requirement to bring the property out of dereliction within roughly 12 months present notable hurdles.
Work
3 areas- Remote Working4/10
While the home can theoretically accommodate a home office once renovated, the current lack of modern infrastructure and poor condition mean extensive upgrades are needed.
- Hybrid Commuting7/10
Proximity to local bus services and Waterford city centre provides good transport connections for hybrid commuters.
- Retired5/10
The single-level bungalow style appeals to retirees, but managing a mandatory 12-month renovation project to remove dereliction status requires careful oversight.
Practical
8 areas- Ageing in Place6/10
A single-level bungalow layout is inherently suitable for ageing in place, provided the interior is fully adapted and modernized.
- Low Maintenance1/10
The property is in poor condition, vacant for over two years, and listed on the Derelict Sites Register, representing high initial maintenance and project management.
- Secure Gated Entry2/10
There is no mention of gated entry; as a derelict urban property, security measures will need to be established during renovations.
- Minimalist Design5/10
At 456 sq.ft., the compact footprint naturally lends itself to a minimalist layout once rebuilt, though the current state is dilapidated.
- Flexible Floor Plans3/10
With a total floor area of just 456 sq.ft. across two bedrooms, layout flexibility is heavily constrained by the small footprint.
- Heritage Home4/10
As a double-fronted semi-detached bungalow requiring full modernization, buyers should investigate any local historic restrictions that might apply.
- Ecological Setup1/10
With a G BER rating and vacant status, the property currently lacks energy efficiency and ecological features, requiring a complete sustainability overhaul.
- Outdoor areas5/10
The presence of both front and rear gardens provides usable outdoor space, though both require complete landscaping and clearing.
Interests
9 areas- Gardening5/10
The property includes both front and rear gardens, offering a canvas for landscaping, though they currently require attention alongside the house.
- Walking8/10
Being within walking distance of Waterford city centre and local amenities makes daily walking and errands very convenient.
- Gym6/10
Proximity to the city centre ensures reasonable access to local fitness facilities, though specific gym options should be verified.
- Cycling6/10
The urban location allows for straightforward cycling access to the city, though local traffic conditions should be considered.
- Golf5/10
General access to golf courses in the wider Waterford area is available, but proximity requires independent verification.
- Fishing5/10
Waterford's waterways offer fishing opportunities nearby, though travel to specific spots will be necessary.
- Horse Riding3/10
An urban property location is not well-suited for horse riding enthusiasts without traveling to rural outskirts.
- Water Sports4/10
While Waterford features river and coastal environments, water sports require travel to dedicated facilities.
- Entertaining2/10
Currently in poor condition with only 456 sq.ft. of space, the home is entirely unsuited for entertaining until fully renovated.
Lifestyle
5 areas- Quiet Living5/10
Located within walking distance of Waterford city centre, urban noise and activity are to be expected rather than total quiet.
- Rural Living1/10
This is a city-adjacent property with urban amenities nearby, offering no rural characteristics.
- Village Living4/10
It offers proximity to local shops and schools, but is situated near a city centre rather than a traditional village setting.
- Coastal Living4/10
Waterford has coastal proximity nearby, but the immediate location is urban residential.
- Urban Living8/10
Situated within walking distance of Waterford city centre, this location provides excellent access to urban amenities, shops, and bus services.
Social
6 areas- Community Involvement6/10
Being located near established urban neighborhoods provides opportunities to engage with the local community and council regeneration efforts.
- Café Culture7/10
Walking distance to Waterford city centre ensures easy access to local cafes, dining, and social spots.
- Nightlife6/10
Proximity to the city centre offers access to local pubs and nightlife venues.
- Health/Wellness groups6/10
Urban amenities nearby should provide access to local health and wellness classes and groups.
- Networking Opportunities5/10
City-centre convenience allows for standard professional networking within Waterford.
- Tech-Hub Connectivity5/10
Broadband and tech infrastructure quality within the property itself will need to be installed or upgraded during the comprehensive renovation.
Listing information
- Agent
- O'Shea O'Toole
- Phone
- 051 876 757
- Published on HouseDelve
- 5 September 2026
- Correction
- Report an issue
HD-4A794CHouseDelve · Republic of Ireland* Estimate — not advice. Actual costs and outcomes can vary materially. Obtain current quotations and professional advice before making financial or property decisions.