72 Thomond Student Village, Old Cratloe Road, Caherdavin, Limerick CityV94PW44
€165,500
3 Bed~2 Bath~60 m²~BER B
What you'll like:
- Strong BER rating: The property boasts a B energy rating, which indicates good thermal efficiency and lower heating costs for the management company and tenants.
- Proximity to TUS: Situated approximately one kilometre from the Technological University of the Shannon Moylish Campus, ensuring consistent student rental demand.
- Proximity to Coonagh Cross: Located only 1.3 kilometres from the TUS Coonagh Cross Campus and the N18, providing excellent transport and educational access.
- Gated security features: The development features secure gated access and a SALTO key-fob entry system, enhancing safety and appeal for student occupants.
- Onsite managed amenities: Residents benefit from a staffed reception, laundry area, study hub, and games room, which supports high occupancy rates.
- Ground floor convenience: As a ground floor apartment extending to roughly sixty square metres, it offers easy accessibility without reliance on elevators.
- Three bedroom layout: Features three bedrooms, two of which are ensuite, maximizing rental yield potential compared to smaller standard student units.
- Open plan living: Includes a bright and spacious open plan kitchen and living area with exterior access, creating a comfortable shared student environment.
- Fully managed investment: Operates as part of a managed student pool providing a hands-off experience for landlords seeking passive income streams.
- Stated net income: The listing highlights a net income of 9500 euros per annum after expenses, offering clear initial cash flow expectations.
- Promised return profile: Marketed as part of a managed student pool with a stated 6.3 percent return, appealing to commercial investors.
- Modern internal finishes: Equipped with fitted wardrobes, a mix of tiled and timber flooring, and double glazed PVC framed windows for durability.
- Established student development: Being part of a 190 unit purpose-built complex ensures an established community and proven rental history over time.
- City connectivity: Located just 3.3 kilometres from Limerick City Centre with nearby public transport services offering great regional connectivity.
- Local amenities nearby: Within walking distance of shops, gyms, restaurants, and sporting facilities, adding daily convenience for student tenants.
- Stable asking price: The recorded asking price has remained unchanged at 165500 euros, suggesting a firm vendor pricing strategy.
- Low capital entry point: At 165500 euros, the unit offers an accessible entry price into the Irish commercial student property investment sector.
- Partial bathroom tiling: Bathrooms feature partial tiling which helps reduce maintenance costs and protects high-moisture walls from potential water damage.
- Electric heating system: Fitted with electric heating which eliminates the need for gas safety certifications and lowers central boiler maintenance headaches.
- Consistent tracking history: HouseDelve records show price stability since tracking began, indicating no erratic price fluctuations by the seller.
But keep in mind:
- Strict management tie-in: Being part of a managed student pool typically restricts owner occupancy and limits freedom to rent independently on the open market.
- Financing limitations: Lenders often apply stricter mortgage criteria and higher deposit requirements for purpose-built student accommodation compared to standard residential homes.
- Management company fees: Investors should verify all management, sinking fund, and operational fees to ensure the advertised net income is accurately calculated.
- Wear and tear risks: Student tenants can cause higher levels of property wear and tear, potentially requiring more frequent interior refurbishment between academic years.
- Single demographic reliance: Demand is entirely dependent on the student sector, making the investment vulnerable to changes in higher education enrollment trends.
- Sub-letting restrictions: Buyers must investigate the exact lease terms governing the management pool to understand exit clauses and penalty fees.
- Unyielding asking price: The lack of asking price movement in historical tracking suggests limited initial vendor flexibility during negotiations.
- Energy efficiency verification: Although a B rating is noted, buyers should verify the BER certificate details independently to ensure no discrepancies exist.
- Agent phone omission: The listing lacks an agent phone number, which may slow down direct communication and scheduling of property viewings.
- Undeclared property type: The listing does not formally state the exact legal property type classification, requiring careful legal due diligence.
- Service charge transparency: Buyers must request audited accounts for the management company to check for adequate sinking funds covering major capital repairs.
- Future supply risks: Potential future developments near TUS could increase local student housing competition and impact long-term rental occupancy rates.
- Restricted personal use: Owners usually cannot use the property during the academic term, limiting flexibility for personal or family accommodation needs.
- Financing valuation risks: Independent bank valuers may value student apartments conservatively compared to standard residential properties in Limerick City.
- Maintenance of shared hubs: The long-term condition of common amenities like the study hub and games room depends on overall management company efficiency.
- Ensuite maintenance costs: Having two ensuite bathrooms alongside a main bathroom increases potential plumbing maintenance and repair liabilities.
- Carpet flooring durability: The inclusion of carpet flooring in a student rental unit may necessitate early replacement due to heavy foot traffic.
- Ring road proximity: Being located 400 metres from the Northern Ring Road might introduce potential traffic noise concerns for ground floor residents.
- Insurance cost exposure: Multi-unit student developments can face high building insurance premiums, which directly impact overall operational expenses and net returns.
- Exit liquidity constraints: Selling a purpose-built student investment property can take longer than standard houses due to the niche buyer market.
Price positioning
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- The asking price appears broadly in line with expectations because it directly matches the financial metrics of the managed student rental pool, specifically yielding a stated net annual income of nine thousand five hundred euros which translates to a gross yield of approximately six point three percent.
- Valuation signals are strongly influenced by the specialized nature of purpose built student accommodation, where investment appeal depends entirely on ongoing management structures and net rental returns rather than standard residential housing market dynamics or owner occupier demand metrics.
- This pricing level could be supported by continuous strong student housing demand near the technological university campus, while potential risks that might undermine the value include changes in higher education policies, student accommodation regulations, or increasing management and maintenance operating expenses.
- Recorded asking price history shows a stable unchanging figure of one hundred sixty five thousand five hundred euros, suggesting a confident seller strategy targeting investors seeking passive income without anticipating immediate room for major price negotiations.
Build Analysis
What we know from similar construction types
- The property is a ground floor apartment extending to approximately 60.49 sq. m. within a purpose-designed student development comprising 190 units.
- Features electric heating and double-glazed PVC-framed windows, which should be inspected for general wear and tear.
- As part of a managed student complex with communal facilities such as a staffed reception, laundry area, study hub, and games room, buyers should investigate the management company structure, annual service charges, and any sinking fund provisions.
- The buyer should verify the terms of the pooled rental income scheme and any restrictions on owner occupancy or usage outside the student term.
Heating cost*
Estimated expense to heat this property every year
- Estimated annual heating cost is approximately 800 euro to 1,200 euro.
- The property features electric heating and a B energy rating for its 60 square metre floor area, which helps moderate energy consumption compared to lower-rated apartments.
Pollution Safe
8/10Environmental situation to investigate
- The property is located in a predominantly residential and educational suburban area of Limerick City, appearing generally free from major heavy industrial pollution sources.
- Buyers should verify local environmental records regarding any historical landfill sites or legacy industrial activity in the broader northside industrial zones.
Flood Safe
8/10Water overflow reports to follow up
- The location is set back from major watercourses, though buyers should consult local flood maps for detailed topographical assessments of the wider Caherdavin district.
- As with many urban regions, localized surface water pooling during extreme weather events should be investigated during the pre-purchase process.
Recent Local Sales
Verified residential transactions published in the previous five years
Sales on the same street or estate
APT 12, THOMOND STUDENT VILLAGE, OLD CRATLOE RD
- Sale date
- Declared sale price
- €165,500.00
41A THOMOND STUDENT VILLAGE, OLD CRATLOE RD, LIMERICK
- Sale date
- Declared sale price
- €95,000.00
19A THOMOND STUDENT VILLAGE, OLD CRATLOE RD, LIMERICK
- Sale date
- Declared sale price
- €103,000.00
44A THOMOND STUDENT VILLAGE, OLD CRATLOE RD, LIMERICK
- Sale date
- Declared sale price
- €92,000.00
9 BRUACH NA COILLE, OLD CRATLOE ROAD, CAHERDAVIN
- Sale date
- Declared sale price
- €255,000.00
Recent sales in the wider Caherdavin area
10 DERRAVARRAGH ROAD, CAHERDAVIN, LIMERICK
- Sale date
- Declared sale price
- €380,000.00
21 LISHEEN HOMES, CAHERDAVIN, LIMERICK
- Sale date
- Declared sale price
- €195,000.00
78 SHEELIN RD, CAHERDAVIN, LIMERICK
- Sale date
- Declared sale price
- €315,000.00
34 ROSROE AVE, CAHERDAVIN, LIMERICK
- Sale date
- Declared sale price
- €367,000.00
61 SHEELIN RD, CAHERDAVIN, LIMERICK
- Sale date
- Declared sale price
- €310,000.00
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: €1,655 — 1% of €165,500.
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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.
- Property valuation fees: approximately 150 euro to 250 euro.
- Surveyor fees: approximately 300 euro to 600 euro for a standard structural survey.
- Annual home insurance: approximately 300 euro to 600 euro depending on the level of coverage.
Forum Talk
What people are saying about this area
- Locals and residents frequently discuss the convenience of the Old Cratloe Road location due to its close proximity to the Technological University of Limerick (TUS) campuses at Moylish and Coonagh Cross.
- Student accommodation developments in the Caherdavin area are often noted on community forums for high rental demand and strong connectivity via the Northern Ring Road.
- Discussions regarding the wider Caherdavin area highlight the availability of local amenities, retail parks, and regular public transport links into Limerick City Centre.
- Gated student complexes in the area generally receive commentary regarding on-site management, security features, and amenities such as study hubs and reception services.
LifeFit Assessment
How well this property may suit your lifestyle
Family
7 areas- Young Children2/10
This property is a purpose-designed student accommodation unit within a managed student village, making it unsuitable for families with young children.
- Teenagers2/10
The apartment is designed explicitly for student living and is part of a managed student rental pool rather than standard family housing.
- Multi-generational Living1/10
With a floor area of approximately 60 square metres and three bedrooms layout aimed at students, it offers no space for multi-generational living.
- Single Buyers4/10
While a single buyer could purchase this as an investment property due to its managed student pool setup, it is not configured for owner-occupation as a primary residence.
- Couples3/10
The property functions as a student rental investment generating a net income of 9,500 euros per annum rather than a home for couples.
- Empty Nesters2/10
Empty nesters looking for downsizers will find the student-centric environment and management structure misaligned with typical retirement living.
- Retirees2/10
The asset is structured as a hands-off student investment and is ill-suited for retirees seeking personal residential accommodation.
Work
3 areas- Remote Working3/10
Although there is a study hub on-site, the property is part of a managed student rental pool, limiting its utility for standard remote professional workers.
- Hybrid Commuting5/10
Proximity to the N18 and Northern Ring Road (400 metres away) offers decent road connectivity for commuters, though the unit itself is an investment product.
- Retired2/10
This is a commercial student investment property rather than a retirement residence.
Practical
8 areas- Ageing in Place2/10
The student-oriented nature and investment configuration make this property unsuitable for long-term ageing in place.
- Low Maintenance9/10
The property is marketed as a fully managed, hassle-free, and hands-off investment managed as part of a student pool.
- Secure Gated Entry9/10
Thomond Village is explicitly described as a secure, gated development featuring a staffed reception and a SALTO key-fob access system.
- Minimalist Design7/10
As a purpose-designed student apartment extending to approximately 60 square metres, the interior layout follows a compact and functional design.
- Flexible Floor Plans3/10
The layout comprises three bedrooms (two ensuite), a main bathroom, and an open-plan kitchen/living area, offering limited layout flexibility.
- Heritage Home1/10
This is a modern purpose-built student development rather than a period or heritage property.
- Ecological Setup5/10
The property holds a B BER rating, indicating good energy efficiency, though specific ecological installations beyond standard heating and double glazing are not highlighted.
- Outdoor areas4/10
The ground floor apartment includes access to exterior space connected to the open plan kitchen/living area, alongside shared development grounds.
Interests
9 areas- Gardening1/10
As a ground floor apartment within a managed student complex, there are no private garden spaces for horticultural hobbies.
- Walking7/10
The location is within walking distance of the TUS Moylish Campus (1 km) and Coonagh Cross, facilitating local pedestrian access.
- Gym7/10
The listing notes a wide range of gyms and sporting facilities nearby on Limerick City's northside.
- Cycling6/10
The relatively flat suburban terrain near the Northern Ring Road provides reasonable cycling routes to nearby educational campuses and the city centre.
- Golf4/10
While general recreational facilities are nearby, dedicated golf courses would require travel outside the immediate student village vicinity.
- Fishing3/10
Proximity to the River Shannon region exists within Limerick, but the immediate urban setting is not tailored to angling enthusiasts.
- Horse Riding1/10
There are no equestrian facilities or stables in this built-up student development area.
- Water Sports2/10
The inland urban location does not offer direct access to water sports infrastructure.
- Entertaining3/10
The apartment is designed for student occupancy with three bedrooms and a shared open plan kitchen/living area, making large-scale private entertaining impractical.
Lifestyle
5 areas- Quiet Living4/10
Located within a student development of 190 units with communal amenities like a games room, noise levels may be higher than in traditional residential areas.
- Rural Living1/10
The property is situated in an urban and suburban student village context on Limerick City's northside, far from rural environments.
- Village Living5/10
The development operates somewhat like an independent campus village with its own staffed reception, study hub, and laundry area.
- Coastal Living1/10
Limerick City is inland, and the location offers no coastal or seaside characteristics.
- Urban Living7/10
Positioned approximately 3.3 kilometres from Limerick City Centre with good proximity to local amenities, shops, and public transport.
Social
6 areas- Community Involvement4/10
The community is heavily transient and student-focused, governed by management structures rather than traditional civic associations.
- Café Culture6/10
Proximity to campus areas and the city centre provides access to local dining and cafe options.
- Nightlife7/10
Being a student development located near educational campuses and Limerick City Centre, nightlife options geared towards students are readily accessible.
- Health/Wellness groups5/10
Standard urban health amenities are nearby, though the immediate complex caters specifically to student needs.
- Networking Opportunities4/10
Networking is largely confined to academic or student-oriented contexts rather than professional business networking.
- Tech-Hub Connectivity6/10
The development features a study hub and digital access systems like SALTO key-fobs, reflecting modern connectivity suited for student residents.
Listing information
- Agent
- PMI
- Current status
- active
- Published on HouseDelve
- 26 October 2026
- Correction
- Report an issue
HD-6151F1HouseDelve · 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.