7 Green Street, Greenmount, Cork City, CorkT12HXT9
€450,000
6 Bed~2 Bath~130 m²~BER D
What you'll like:
- Prime student location: Situated within easy walking distance of University College Cork, ensuring a high and consistent volume of potential student tenants seeking accommodation annually.
- Immediate rental income: Currently tenanted and producing over fifty thousand euros per annum, allowing incoming investors to collect cash flow from day one.
- Six individual bedrooms: Features six well-proportioned single bedrooms designed to maximize tenant capacity and optimize overall rental yield across the two-floor layout.
- Additional gable income: Benefits from a large advertising sign mounted on the exterior gable wall, providing a unique secondary stream of passive income.
- Proximity to city centre: Located just moments from Cork City shops, restaurants, bars, and essential services, making it extremely convenient for urban tenants.
- Strong transport links: Positioned close to excellent public transport options, making commuting easy for students and young professionals without private vehicles.
- Turn key investment: Marketed as a fully functioning asset with existing tenancies in place, reducing the initial downtime and leasing effort for buyers.
- High rental demand: Located in one of Cork City's most sought-after rental districts where market demand consistently outstrips available housing supply.
- Communal living spaces: Includes a spacious living room and a dedicated kitchen dining room to comfortably accommodate multiple occupants sharing the dwelling.
- Dual shower facilities: Equipped with two separate shower rooms across the accommodation to adequately service six individual single bedrooms without excessive queuing.
- Established market appeal: Positioned in a proven investment neighborhood with a long history of successful multi-tenant student and professional rentals.
- Low vacancy risk: The combination of university proximity and city-centre access helps ensure minimal void periods between academic or calendar rental cycles.
- Straightforward layout: The functional internal layout is specifically configured for co-living, minimizing the need for immediate architectural reconfiguration by the buyer.
- Clear asking price: Listed at four hundred and fifty thousand euros, providing a transparent baseline for investors calculating initial gross yields and returns.
- Active local agent: Marketed by an established local auctioneer, potentially facilitating smoother communication and transaction management for interested parties.
- Compact footprint: The one hundred and thirty square meter floor area is easy to manage and maintain while housing six distinct income-generating rooms.
- Urban lifestyle amenities: Residents enjoy immediate access to vibrant local nightlife, cafes, and retail options that strongly appeal to younger demographic renters.
- Rental growth potential: Investors may have future opportunities to optimize rents in line with local market trends and legislative tenancy regulations.
- Established advertising contract: Buyers should review the terms of the gable wall advertising sign to understand its ongoing income contribution and contract duration.
- Manageable scale: Offering six bedrooms makes this an accessible stepping stone for portfolio builders entering the multi-unit or co-living investment space.
But keep in mind:
- Suboptimal energy rating: Carries a D energy rating, which may lead to higher heating costs and potential future upgrade requirements to meet standards.
- High tenant density: Managing six individual occupants can generate higher day-to-day management intensity, wear and tear, and frequent tenant turnover.
- Rent pressure zone rules: The property is located in an urban area likely designated as a Rent Pressure Zone, legally capping annual rent increases.
- Tenant rights compliance: Purchasing a tenanted property requires careful legal review of existing lease agreements, deposit holdings, and tenancy registration records.
- Limited bathroom ratio: Providing only two shower rooms for six adult occupants may lead to morning congestion and increased plumbing maintenance needs.
- Advertising sign liabilities: Buyers must verify the planning status, structural safety, and contract duration of the gable wall advertising sign.
- Potential fire safety requirements: Multi-occupancy student houses face stringent local fire safety standards, and buyers should inspect compliance certificates thoroughly.
- Wear and tear risks: High-turnover student rentals often suffer accelerated interior degradation, necessitating regular maintenance budgets between academic years.
- Financing complexities: Securing commercial or investment mortgage financing for multi-bed student properties can sometimes involve stricter lending criteria and higher deposits.
- Limited private parking: Urban city-centre locations typically lack dedicated off-street parking, which may restrict tenant appeal or require permit applications.
- Acoustic insulation needs: Shared multi-tenant houses often require enhanced soundproofing between bedrooms and communal zones to prevent inter-tenant noise disputes.
- BER upgrade costs: Improving the D energy rating to a more sustainable grade will require capital expenditure on insulation, heating, or windows.
- Refuse and waste management: High-density living arrangements require robust waste storage solutions to avoid municipal fines or pest issues in tight urban lots.
- Boiler and utility load: Six occupants will place heavy demand on the central heating and hot water systems, increasing breakdown risks over time.
- Lack of private outdoor space: Town-centre properties often lack substantial gardens, offering limited outdoor recreational areas for the six tenants.
- Future legislative changes: Evolving landlord and tenant legislation in Ireland requires vigilant oversight to ensure full legal compliance during tenancy management.
- Verification of rental figures: Buyers should independently audit the claimed rental income exceeding fifty thousand euros through certified bank statements and lease reviews.
- Insurance cost considerations: Multi-occupancy rental properties can attract higher landlord insurance premiums compared to single-family owner-occupied dwellings.
- Potential structural wear: The age and layout of older city properties should be inspected for hidden dampness, roof integrity, and plumbing age.
- Exit strategy constraints: Selling a multi-bed student investment property in the future may limit the pool of buyers primarily to other active investors.
Price positioning
?
- The asking price appears heavily overvalued when compared against verified local transactions on the same street which consistently trade at significantly lower overall price points, despite the property offering multiple letting rooms.
- Valuation signals are driven by the claimed strong rental income exceeding fifty thousand euros annually, yet this elevated yield must be weighed against a weak D energy rating that could trigger substantial future retrofit costs.
- A supportive factor for the high valuation is the inclusion of passive income from an advertising sign on the gable wall, while factors that could undermine the price include potential regulatory scrutiny or compliance risks regarding multi-unit student lets.
- Relevant considerations encompass the highly sought-after central location near the university campus which traditionally attracts intense investor appetite, though buyers must carefully evaluate the sustainability of high-density rental income against broader housing market regulations.
Build Analysis
What we know from similar construction types
- The property is configured as a multi-room investment with 6 single bedrooms and 2 shower rooms across 130 m², which suggests a traditional terraced townhouse or city dwelling adapted for high-density rental occupancy.
- A buyer should verify that all structural alterations, fire safety standards, and HMO (House in Multiple Occupation) or rental compliance regulations are fully met for a 6-bedroom configuration.
- The listing mentions a large advertising sign on the gable wall; a buyer should investigate the legal agreement, planning permission, and potential maintenance liabilities associated with this external structure.
Retrofit Cost*
Possible renovating / insulating expenditure
- The property has a BER rating of D, indicating that the energy performance falls below current optimal standards and would benefit from a deep retrofit.
- A comprehensive deep retrofit for a 130 m² property—including external wall insulation, upgraded windows and doors, heating system modernization, and airtightness improvements—is estimated to cost between EUR 45,000 and EUR 70,000, depending on the extent of works required to achieve a BER rating of B2 or higher.
Heating cost*
Estimated expense to heat this property every year
- Estimated annual heating cost: €1,800 to €2,500
- Explanation: Based on a floor area of 130 square metres and a D rating, the property has moderate to high energy efficiency requirements, resulting in higher estimated annual heating costs compared to more modern, higher-rated buildings.
Pollution Safe
8/10Environmental situation to investigate
- The property is located in an established urban residential area generally free from heavy industrial facilities or major active landfills.
- Any potential legacy urban industrial concerns or localized air quality factors typical of inner-city environments should be verified through local environmental searches.
Flood Safe
7/10Water overflow reports to follow up
- While the property is situated within the urban core of Cork City where certain low-lying zones have historical susceptibility to tidal or fluvial flooding, specific risks at this exact location should be checked against current local authority flood maps.
- Prospective buyers are advised to review official Office of Public Works (OPW) flood mapping and local drainage reports to confirm the precise flood profile of the site.
Recent Local Sales
Verified residential transactions published in the previous five years
Sales on the same street or estate
41 GREEN ST, BARRACK ST, CORK
- Sale date
- Declared sale price
- €280,000.00
45 GREEN ST, GREENMOUNT, CORK
- Sale date
- Declared sale price
- €260,000.00
2 GREEN STREET, GREENMOUNT, CORK
- Sale date
- Declared sale price
- €220,000.00
42 GREEN ST, CORK
- Sale date
- Declared sale price
- €146,000.00
25 ST FINBARRS TERRACE, GREEN ST, GREENMOUNT
- Sale date
- Declared sale price
- €245,000.00
Recent sales in the wider Greenmount area
50 MOUNT SION RD, GREENMOUNT, CORK
- Sale date
- Declared sale price
- €271,000.00
148 LOWER GLANMIRE RD, CORK CITY, CORK
- Sale date
- Declared sale price
- €363,000.00
27 LOWER OLIVER PLUNKETT STREET, CORK CITY, CO. CORK
- Sale date
- Declared sale price
- €230,000.00
111 LOWER GLANMIRE ROAD, CORK CITY, CO CORK
- Sale date
- Declared sale price
- €730,000.00
268 BLARNEY ST, CORK CITY, CORK
- Sale date
- Declared sale price
- €260,000.00
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
- Solicitor legal fees: €1,500 to €3,000
- Land registration fees: €400 to €800
- Property valuation fees: €150 to €300
- Surveyor fees: €500 to €1,200
- Annual home insurance: €400 to €900
Forum Talk
What people are saying about this area
- Residents in the Greenmount and broader south-central areas of Cork City frequently discuss student rental dynamics, noting high demand driven by proximity to University College Cork.
- Local community forums often highlight general city-centre traffic management and parking pressures during peak academic terms.
- Discussions regarding investment properties in the area typically emphasise the steady rental yields and consistent tenant demand associated with central locations.
- Neighbourhood groups occasionally share updates on local council infrastructure initiatives and pedestrian improvements near the city core.
LifeFit Assessment
How well this property may suit your lifestyle
Family
7 areas- Young Children2/10
Configured as a high-occupancy 6-bedroom rental property tailored for students, lacking typical family-friendly indoor spaces and private gardens.
- Teenagers3/10
While close to the city centre, the layout consists strictly of individual bedrooms geared towards shared student rental rather than family living.
- Multi-generational Living3/10
Features 6 bedrooms, but the current configuration is optimized as an investment HMO with only 2 shower rooms and communal living spaces unsuitable for extended family harmony.
- Single Buyers2/10
Priced at €450,000 and currently tenanted as a multi-unit investment, making it less suitable for a single owner-occupier seeking a home.
- Couples2/10
The property is explicitly designed and tenanted as a multi-room student rental, offering little appeal for a couple looking to purchase a private residence.
- Empty Nesters2/10
Unsuited for downsizing owner-occupiers due to its commercial setup as an income-producing student house with ongoing tenancies.
- Retirees1/10
Lacks the accessibility, low-maintenance single-dwelling layout, and quiet environment typically desired by retirees.
Work
3 areas- Remote Working6/10
Offers multiple rooms that could function as home offices if owner-occupied, though it is currently sold as a tenanted investment.
- Hybrid Commuting8/10
Excellent transport links and central location make commuting via public transport highly convenient.
- Retired9/10
As an income-producing asset generating over €50,000 per annum, it serves well as a passive investment supporting retirement portfolios.
Practical
8 areas- Ageing in Place2/10
Features multiple levels with 6 single bedrooms and 2 shower rooms, making it unsuitable for long-term accessibility as one ages.
- Low Maintenance8/10
Marketed as a turn-key, high-yielding investment asset with existing tenancies, offering streamlined management for investors.
- Secure Gated Entry2/10
No mention of gated security features in the property description.
- Minimalist Design4/10
Maximised layout for 6 single bedrooms and communal spaces to prioritize rental yields over minimalist aesthetics.
- Flexible Floor Plans3/10
The layout is heavily partitioned across two floors into 6 separate bedrooms to maximize rental occupancy.
- Heritage Home3/10
No specific historic or architectural heritage features are highlighted, aside from its traditional urban street setting.
- Ecological Setup3/10
Comes with a D BER rating, indicating that energy efficiency is lower and may require future upgrades.
- Outdoor areas1/10
The listing does not mention any private garden or outdoor amenity space, noting instead an external advertising sign on the gable wall.
Interests
9 areas- Gardening1/10
The property details do not mention any private garden space, focusing instead on a built footprint with a gable wall advertising sign.
- Walking8/10
Prime city-centre location makes daily errands, dining, and commuting on foot extremely convenient.
- Gym7/10
Urban positioning provides easy access to various fitness facilities and commercial gyms throughout Cork City.
- Cycling7/10
Flat, central urban setting allows for straightforward cycling commutes to university and city employment hubs.
- Golf4/10
Requires travel out to the surrounding suburban golf clubs, though standard city access is available.
- Fishing3/10
Being in a dense urban area, accessing local fishing spots requires traveling towards the River Lee estuary or further afield.
- Horse Riding2/10
Equestrian facilities are not accessible locally due to the central city-centre location.
- Water Sports4/10
Proximity to the River Lee offers some regional water activities, but major water sports require travel to coastal areas.
- Entertaining6/10
The interior layout features a spacious living room and kitchen/dining room, though it is currently partitioned for individual student occupancy.
Lifestyle
5 areas- Quiet Living3/10
Situated in a prime, central location near UCC and Cork City Centre, which typically brings higher foot traffic, urban noise, and student activity.
- Rural Living1/10
Located firmly within Cork City, offering an entirely urban setting rather than rural seclusion.
- Village Living5/10
Close to local shops, bars, and amenities, offering a neighbourhood feel despite its city-centre proximity.
- Coastal Living1/10
The property is inland within Cork City with no proximity to coastal amenities.
- Urban Living9/10
Exceptionally well-positioned within walking distance of UCC and Cork City Centre, offering ultimate access to urban conveniences.
Social
6 areas- Community Involvement5/10
Located in an established, active urban neighbourhood with strong student and local community dynamics.
- Café Culture9/10
Proximity to Cork City Centre and UCC places numerous local cafés, restaurants, and social spots right on the doorstep.
- Nightlife9/10
Situated in a prime student and city-centre rental hub with immediate access to bars, pubs, and entertainment venues.
- Health/Wellness groups7/10
Easy access to city-based wellness classes, pilates & stretching studios, and healthcare facilities.
- Networking Opportunities8/10
Central urban location facilitates professional networking and business connectivity within Cork City.
- Tech-Hub Connectivity8/10
Well-connected urban location with strong infrastructure suited for modern digital connectivity.
Listing information
- Agent
- Dan Howard & Co Ltd
- Phone
- 021 424 8654
- Published on HouseDelve
- 4 October 2026
- Correction
- Report an issue
HD-6F2252HouseDelve · 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.