
Apartment 6, Mill House, 7273 O'Connell Street, Waterford City, Co. WaterfordX91A290
€160,000
2 Bed~1 Bath~BER B3
What you'll like:
- Energy efficient B3 rating: The property achieves a B3 BER rating, which indicates lower heating costs and potentially qualifies the buyer for lower-rate green mortgages.
- Walkable central location: Situated on O'Connell Street in Waterford City, residents enjoy immediate access to local shops, cafes, and essential urban amenities.
- Proximity to train station: The apartment is within easy walking distance of Waterford train station, providing convenient rail links directly to Dublin City.
- Vacant possession ready: The offering comes with vacant possession, ensuring a straightforward closing process without delays from existing tenants.
- Manageable floor area: Extending to approximately 62 square meters, the layout provides a compact and easily maintainable footprint ideal for downsizers or first-time buyers.
- Affordable entry price: With an asking price of €160,000, this apartment presents an accessible price point for entry-level buyers entering the property market.
- Stable asking price: The recorded asking price has remained unchanged at €160,000 since tracking began, suggesting a firm pricing strategy from the seller.
- Second floor elevation: Positioned on the second floor of a four-storey building, the apartment benefits from enhanced privacy compared to ground-floor units.
- Two bedroom layout: Featuring two bedrooms, the configuration offers versatility for a home office, guest room, or a shared living arrangement.
- Urban rental potential: The central location near transport links makes this property attractive to future tenants seeking rental accommodation in Waterford.
- Established building structure: The apartment forms part of a multi-storey development, meaning shared maintenance costs are distributed among owners.
- Clear BER certification: The provided energy rating includes a specific energy performance figure, allowing buyers to assess utility expenses transparently.
- Online auction format: Being offered via an online platform provides a transparent, structured bidding environment for interested purchasers.
- Direct agent contact: Designated agent representation is clearly established, enabling prompt communication and clarification of property details prior to bidding.
- Commuter friendly access: Rail proximity supports hybrid workers who need occasional access to employment hubs outside the immediate city centre.
- Compact maintenance profile: Apartment living typically reduces exterior upkeep responsibilities, freeing up time for the eventual owner.
- City centre lifestyle: Residents can enjoy vibrant urban living with cultural attractions, dining, and entertainment options just steps from the front door.
- Straightforward financing collateral: Standard apartment sizes with B3 ratings are generally well-received by mortgage lenders evaluating loan security.
- Immediate availability: Lack of an upward chain or tenant occupancy means the new owner can move in or commence renovations quickly.
- Defined lot positioning: Clear lot identification within the auction catalog helps streamline the legal due-diligence and bidding process.
But keep in mind:
- Unverified internal condition: The auctioneer did not internally inspect the property, meaning buyers must investigate potential hidden maintenance or repair issues.
- Reliance on vendor measurements: Floor area figures are provided by the vendor, so buyers should independently verify dimensions prior to finalizing contracts.
- Management company fees: Multi-storey developments typically incur annual service charges that buyers must review to ensure ongoing affordability.
- Sinking fund status: Buyers should inspect the apartment complex records to confirm whether adequate reserves exist for future major capital expenditures.
- Second floor walkup: Depending on whether the building features an operational elevator, daily stair usage could be a consideration for accessibility.
- Potential parking constraints: City centre apartments frequently lack dedicated parking spaces, requiring buyers to verify local parking permit availability.
- No historical price drops: The stagnant asking price of €160,000 indicates the seller may be inflexible during pre-auction negotiations.
- Online auction pressure: Buying through a digital platform requires rigorous prior preparation, as bids are legally binding upon the fall of the virtual hammer.
- Acoustic privacy considerations: Being part of a multi-unit residential building means noise transmission from neighboring apartments should be investigated.
- External maintenance reliance: Owners depend on management companies for common area upkeep, which can vary in quality and responsiveness.
- Limited outdoor space: City centre apartments rarely include private gardens, meaning occupants must rely on nearby public parks for green space.
- Insurance cost variations: Multi-unit developments require block insurance policies that can fluctuate based on the claims history of the wider building.
- Potential structural updates: While the BER is B3, older building components in shared blocks may require unexpected upgrades over time.
- Future development surroundings: Buyers should check local planning registers to ensure nearby developments will not negatively impact light or views.
- Fire safety compliance: Purchasers must ensure through their legal advisors that the apartment complex fully complies with modern fire safety regulations.
- Rental restriction checks: Some developments enforce caps on rental properties, which is an important consideration for investor buyers.
- Legal title complexities: Leasehold structures typical of apartments require careful examination of lease terms, ground rents, and remaining lease duration.
- Utility service verification: Buyers should confirm the operational status of heating systems and utilities, as internal inspections were omitted.
- Market liquidity factors: Two-bedroom apartments in city centres can experience fluctuating demand cycles relative to suburban family homes.
- Deposit requirements: Online auction purchases typically demand an immediate non-refundable deposit upon winning, requiring liquid funds to be fully arranged.
Price positioning
?
- The asking price appears somewhat undervalued given the central city location and favorable B3 energy rating, which together typically command stronger figures in the current urban housing market than this initial figure suggests.
- This potential undervaluation signal is reinforced by the stable single asking price point recorded over the tracking period, which may indicate a deliberate online auction strategy designed to generate competitive early interest.
- Such a pricing approach could be undermined by unforeseen building management issues or higher service charges, though it could be supported by strong demand from first-time buyers seeking affordable urban commuter-accessible accommodation.
- Additional relevant factors include the property providing vacant possession, which removes complex chain delays and enhances its appeal to both owner-occupiers and investors looking for a straightforward transaction process.
Build Analysis
What we know from similar construction types
- The property is a second-floor two-bedroom apartment within a building arranged over ground and three upper floors, extending to approximately 62 sq. m (667 sq. ft).
- The BER rating is B3, indicating a relatively energy-efficient building envelope which should contribute to lower heating costs compared to older stock.
- A buyer should investigate management company fees, sinking funds, fire safety compliance for multi-story apartment blocks, and the condition of common areas.
- As the property was not internally inspected by the selling agents, a thorough structural and internal survey is strongly advised to verify the physical condition of the apartment.
Heating cost*
Estimated expense to heat this property every year
- Estimated annual heating cost: approximately 700 to 900 euro.
- Explanation: Based on a B3 BER rating, the apartment should benefit from good energy efficiency, keeping heating demands moderate for a 62 sq. m property.
Pollution Safe
8/10Environmental situation to investigate
- The property is located in an established urban setting with no major heavy industrial facilities or active large-scale incinerators immediately apparent nearby.
- Any historical urban land use or legacy industrial concerns typical of city centers should be independently verified by the buyer through local environmental searches.
Flood Safe
7/10Water overflow reports to follow up
- While the property is situated in an urban environment, buyers should review local authority flood maps to check proximity to any designated flood zones along nearby waterways.
- Urban drainage capacity and local surface water management during heavy rainfall events are matters recommended for standard pre-purchase investigation.
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 Waterford City area
52 LOWER YELLOW ROAD, WATERFORD CITY, WATERFORD
- Sale date
- Declared sale price
- €192,000.00
95 CANNON STREET, WATERFORD CITY, WATERFORD
- Sale date
- Declared sale price
- €250,000.00
22 CONGRESS PLACE, WATERFORD CITY, WATERFORD
- Sale date
- Declared sale price
- €210,000.00
10 MORGAN ST, WATERFORD CITY, WATERFORD
- Sale date
- Declared sale price
- €159,000.00
10 RICE PARK, WATERFORD CITY, WATERFORD
- Sale date
- Declared sale price
- €259,000.00
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: approximately 1,500 to 2,500 euro plus VAT and outlays.
- Land registration fees: approximately 130 to 700 euro depending on the property value.
- Property valuation fees: approximately 150 to 300 euro.
- Surveyor fees: approximately 300 to 600 euro for a structural survey.
- Annual home insurance: approximately 350 to 600 euro per year depending on the policy coverage.
Forum Talk
What people are saying about this area
- Residents on local forums frequently discuss the ongoing regeneration projects and public realm improvements within Waterford City center.
- Proximity to the Waterford train station is regularly highlighted by commuters as a major positive for accessibility to Dublin and other regions.
- Local community discussions often mention the vibrant local amenities, shopping, and dining options available within walking distance of O'Connell Street.
- Traffic management and parking availability in the city center are common topics of discussion among local residents and motorists.
LifeFit Assessment
How well this property may suit your lifestyle
Family
7 areas- Young Children4/10
A second-floor two-bedroom apartment provides limited space for growing children and lacks a private enclosed garden, though its city-center location offers proximity to local amenities.
- Teenagers5/10
The apartment's urban setting and proximity to public transport like the train station give teenagers independence, but the interior space is compact for a family of three or four.
- Multi-generational Living2/10
With only two bedrooms and one bathroom spread across approximately 62 sq. m, this property is unsuitable for multi-generational living arrangements.
- Single Buyers9/10
This two-bedroom apartment offers an affordable entry point at an asking price of €160,000 in a central location, making it ideal for single buyers.
- Couples8/10
The two-bedroom layout provides a practical and manageable living space for couples, with easy access to city amenities and transport links.
- Empty Nesters7/10
Downsizing couples will appreciate the manageable apartment size and lower maintenance, though second-floor living without elevator confirmation should be verified.
- Retirees6/10
While the low-maintenance apartment lifestyle appeals to retirees, the buyer should verify if the building features elevator access to the second floor.
Work
3 areas- Remote Working7/10
The two-bedroom layout allows one room to be easily repurposed as a home office, benefiting from a B3 BER rating for energy efficiency.
- Hybrid Commuting9/10
The property's location within walking distance of Waterford train station provides excellent rail connectivity to Dublin and beyond for hybrid workers.
- Retired7/10
Suits retirees looking for a manageable urban base, provided stair or lift access meets their long-term physical needs.
Practical
8 areas- Ageing in Place3/10
As a second-floor apartment, long-term aging in place may be challenging unless the building is equipped with a reliable elevator.
- Low Maintenance9/10
Apartment living naturally minimizes exterior maintenance duties, and the property's B3 energy rating indicates good thermal efficiency.
- Secure Gated Entry5/10
Buyers should investigate the specific security and entry access systems in place at Mill House.
- Minimalist Design8/10
The compact 62 sq. m footprint naturally lends itself to a streamlined, minimalist lifestyle.
- Flexible Floor Plans5/10
With a standard two-bedroom apartment layout, structural flexibility for major alterations is generally limited.
- Heritage Home2/10
The property is a standard second-floor apartment within a multi-story building rather than a traditional historic heritage home.
- Ecological Setup7/10
The B3 BER rating reflects favorable energy performance, reducing carbon footprint compared to older, lower-rated properties.
- Outdoor areas2/10
Apartments of this type typically lack private outdoor garden space, relying instead on nearby urban public parks.
Interests
9 areas- Gardening1/10
As a second-floor apartment, there is no private garden or outdoor plot available for cultivating plants.
- Walking9/10
The central city location and walking distance to the train station make it exceptionally convenient for urban walking and daily errands.
- Gym8/10
Being located within Waterford City ensures convenient access to various commercial fitness centers and health clubs.
- Cycling7/10
The urban location allows for straightforward cycling connections around the city center, though buyers should verify secure bike storage within the building.
- Golf5/10
Waterford features local golf courses, though they will require a short drive or transport from this central urban address.
- Fishing4/10
Proximity to the River Suir offers regional fishing opportunities, though accessing them requires travel from the city center apartment.
- Horse Riding2/10
Equestrian facilities are typically found in rural outskirts rather than the immediate urban center.
- Water Sports4/10
The River Suir runs through Waterford, but engaging in water sports will require specialized local clubs or travel to coastal areas.
- Entertaining5/10
The open living space accommodates modest gatherings, but the 62 sq. m floor area limits large-scale entertaining.
Lifestyle
5 areas- Quiet Living4/10
Located on O'Connell Street in Waterford City, residents should expect typical urban background noise rather than a tranquil countryside setting.
- Rural Living1/10
This is a strictly urban apartment setting in the heart of Waterford City with no rural characteristics.
- Village Living5/10
While situated in the city, the surrounding area provides access to local shops and services akin to a bustling neighborhood community.
- Coastal Living3/10
Waterford City has proximity to the coast further down the estuary, but this specific property is an urban street-side apartment.
- Urban Living9/10
Positioned right in Waterford City with immediate access to local amenities and walking distance to the train station, this property excels for urban lifestyles.
Social
6 areas- Community Involvement6/10
City living offers numerous local groups and civic associations, though community engagement in an apartment building depends largely on the owners' management company.
- Café Culture9/10
Being situated in Waterford City places a wide selection of cafés, restaurants, and social venues right on the doorstep.
- Nightlife8/10
The central urban location ensures easy access to pubs, bars, and entertainment venues within the city center.
- Health/Wellness groups8/10
Proximity to urban wellness centers, pilates & stretching studios, and medical services supports an active health routine.
- Networking Opportunities8/10
The central location facilitates professional networking and business interactions within the city.
- Tech-Hub Connectivity7/10
Urban infrastructure typically supports strong broadband options, though buyers should verify specific internet provider speeds available to the unit.
Listing information
- Agent
- BidX1 Ireland Ltd
- Phone
- 01 6673388
- Published on HouseDelve
- 7 October 2026
- Correction
- Report an issue
HD-61885CHouseDelve · 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.