Apartment 8, Melrose Court, Mungret Street, Mungret, Limerick CityV94E8D6
€185,000
2 Bed~1 Bath~74 m²~BER C2
What you'll like:
- No rental restrictions: The property is sold with no rental restrictions, which provides complete operational flexibility for buy-to-let investors wishing to maximize rental income without caps.
- Secure parking space: Includes one dedicated and secure parking space within a gated development, offering immense convenience and safety in a high-demand city centre location.
- Top floor elevation: Occupying a top-floor penthouse-style position, the residence enjoys heightened privacy with zero overhead footfall noise from neighbors.
- Exceptional natural light: Large windows and an elevated aspect ensure abundant daylight throughout the living spaces, significantly enhancing the overall ambiance and mood.
- Turnkey interior condition: The apartment has been recently redecorated and updated to a high standard, allowing the buyer to move in immediately without undertaking costly renovations.
- Recently upgraded kitchen: Features a modern fitted kitchen complete with contemporary cabinetry and functional workspace, reducing immediate maintenance and modernization expenses.
- Spacious double bedrooms: Both bedrooms are generously proportioned double rooms equipped with fitted storage, ensuring comfortable accommodation for occupants or tenants.
- Generous floor area: Spanning seventy-four square meters, the layout offers significantly more breathing room than standard compact one or two-bedroom urban apartments.
- Loft style living: The open plan living and dining zone features a striking window bank overlooking the Milk Market, creating a unique urban atmosphere.
- Active management structure: The annual service charge is reasonably set at twelve hundred fifty euros, which helps maintain the common areas and building integrity.
- Prime central positioning: Situated directly overlooking the famous Milk Market, residents benefit from immediate proximity to artisan food stalls, cafes, and weekend festivities.
- Walkable urban lifestyle: Essential shopping centers, riverside walks, and the main commercial streets of Limerick are all within a short stroll from the front door.
- Public transport proximity: The immediate surrounding area is exceptionally well serviced by frequent local bus routes connecting to major employment and educational hubs.
- Gas fired central heating: Equipped with a reliable gas heating system, offering efficient climate control and faster radiator warm-up times compared to electric storage alternatives.
- Attic storage inclusion: The apartment benefits from dedicated attic storage space, providing a practical solution for bulky personal items and seasonal belongings.
- Built in wardrobes: Floor-to-ceiling fitted wardrobes are already installed in the bedrooms, maximizing usable floor space and offering immediate storage capacity.
- Stable asking price: The asking price of one hundred eighty-five thousand euros has remained completely unchanged during tracked history, suggesting transparent and firm seller positioning.
- Strong rental potential: Mentioned figures on the rental register suggest robust potential yield for investors looking at strong local demand within the city centre.
- Easy commuter access: Major road networks connecting directly to regional business parks and the university are easily reachable from this central urban node.
- Low maintenance exterior: As part of a managed apartment development, external upkeep, roof maintenance, and structural repairs are handled collectively by the management company.
But keep in mind:
- C2 energy rating: The C2 building energy rating is moderate, meaning the buyer should budget for future insulation or heating upgrades to improve thermal efficiency.
- Management fee exposure: The annual service charge of twelve hundred fifty euros represents an ongoing overhead that will increase over time and impact net rental yields.
- Top floor stair access: Being a top-floor apartment without explicit elevator mention in the listing, buyers should verify if daily stair climbing is required.
- City centre noise: Overlooking a vibrant market square and active urban street may introduce weekend crowds, market setup sounds, and nightlife activity disturbances.
- Potential parking constraints: Having only a single designated parking space means multi-car households or visiting guests will need to rely on paid public city parking.
- Verifying management accounts: Buyers should conduct due diligence to inspect the owners management company accounts, sinking fund reserves, and upcoming capital expenditure plans.
- Leasehold legal review: A solicitor must carefully review the apartment lease agreement regarding pet permissions, sub-letting rules, and structural alteration restrictions.
- Single bathroom limitation: The property features only one bathroom serving both bedrooms, which could create morning bottlenecks for multiple occupants or sharing tenants.
- Limited private outdoor space: The listing makes no mention of a private balcony or terrace, meaning residents must rely entirely on nearby public parks for outdoor relaxation.
- Flat roof considerations: Penthouse style top-floor layouts can sometimes be more susceptible to roof leaks or thermal bridging, requiring careful pre-purchase structural inspection.
- Historic pricing stagnation: The lack of any price adjustments since tracking began may indicate a firm vendor who is unwilling to negotiate below the listed asking price.
- Shared amenity wear: Common hallways, stairwells, and the gated car park rely heavily on neighboring occupants and management enforcement for ongoing cleanliness and security.
- Appliance condition verification: The buyer should independently verify the operational age and functional condition of included electrical appliances before closing the sale.
- Fire safety compliance: Due diligence should confirm that the building fully complies with all modern apartment fire safety regulations and compartmentalization standards.
- Refuse management logistics: Buyers should check the designated bin storage arrangements and collection procedures for the development to ensure smooth day-to-day waste handling.
- Broadband speed limitations: Prospective purchasers working from home should verify the exact broadband speeds and fiber availability at this specific city centre address.
- Insurance cost variations: Apartment buildings sometimes face rising block insurance premiums, which can indirectly drive up future management fees for all unit owners.
- Future development impact: The surrounding vibrant city centre is subject to ongoing urban redevelopment, which could bring nearby construction noise and traffic pattern shifts.
- Internal wall insulation: The extent of wall and attic insulation should be checked against the C2 BER certificate recommendations to plan potential energy grant applications.
- Agent disclaimer clauses: Extensive disclaimers in the agent particulars mean the buyer must take full responsibility for independently verifying all measurements and legal facts.
Price positioning
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- The asking price appears attractively positioned relative to comparable city center apartment values, offering an accessible entry point for first-time buyers seeking a well-maintained property in a highly central urban location.
- Upward valuation signals include the inclusion of a secure parking space, absence of rental restrictions, and turnkey condition following recent redecoration, which strongly appeal to both residential occupiers and active property investors.
- Factors that could support this valuation include strong ongoing rental demand in the urban core, whereas potential risks like annual management fees might undermine aggressive bidding beyond the initial asking level.
- The stable asking price history since initial listing suggests a firm vendor stance, reflecting confidence in the localized market equilibrium without immediate pressure for downward price adjustments.
Build Analysis
What we know from similar construction types
- The property is a top-floor, penthouse-style apartment spanning approximately 74 square meters, featuring a loft-style open-plan living and dining area with a bank of windows overlooking the Milk Market.
- Listing details note recent upgrades including newly installed windows, a recently updated kitchen, and redecoration, suggesting the property is in turnkey condition.
- Features include gas-fired central heating, attic storage space, and floor-to-ceiling fitted wardrobes.
- A buyer should investigate the annual management fee of €1,250 to understand what services, insurance, and maintenance are covered, as well as checking the sinking fund status of the development.
- As a top-floor apartment, a buyer should verify the condition of the roof and attic insulation to ensure adequate thermal performance and check for any historical leaks.
Heating cost*
Estimated expense to heat this property every year
- Estimated annual heating cost: Approximately 800 to 1,100 euro.
- Explanation: Given the 74 square metre floor area and C2 BER rating, gas-fired central heating usage will vary depending on winter temperatures and personal usage habits, but the top-floor apartment location may benefit from heat retention from neighboring units.
Pollution Safe
8/10Environmental situation to investigate
- The property is situated in an established urban environment with no major heavy industrial complexes or large-scale waste incinerators directly adjacent to the immediate site.
- Any historical urban or legacy industrial activities in the wider city centre are typical of urban environments, though prospective buyers may wish to investigate local environmental records for complete peace of mind.
Flood Safe
7/10Water overflow reports to follow up
- While the property is located in an established city centre setting at a notable elevation (top-floor apartment), parts of Limerick City near the River Shannon have historically experienced tidal or fluvial monitoring considerations.
- Buyers should consult local authority flood maps and environmental reports to verify specific local flood risk designations for the broader street network.
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
3 PALMERSTOWN COURT, MUNGRET ST, LIMERICK
- Sale date
- Declared sale price
- €155,000.00
27 PALMERSTOWN COURT, MUNGRET ST, LIMERICK
- Sale date
- Declared sale price
- €175,000.00
15 PALMERSTOWN COURT, MUNGRET STREET, LIMERICK
- Sale date
- Declared sale price
- €151,700.00
47 PALMERSTOWN COURT, MUNGRET STREET, LIMERICK
- Sale date
- Declared sale price
- €151,700.00
Recent sales in the wider Mungret area
NO. 16 ARD THOMAIN, SLI NA MANACH, MUNGRET
- Sale date
- Declared sale price
- €500,000.00
54 ARD AULIN, MUNGRET, LIMERICK
- Sale date
- Declared sale price
- €370,000.00
90 ARD AULIN, SKEHACREGGAUN, MUNGRET
- Sale date
- Declared sale price
- €367,000.00
13 MUNGRET WOODS, MUNGRET, COUNTY LIMERICK
- Sale date
- Declared sale price
- €440,000.00
CLIONA HOUSE, CAHER ROAD, MUNGRET
- Sale date
- Declared sale price
- €620,000.00
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: €1,850 — 1% of €185,000.
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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 to 2,500 euro plus VAT.
- Land registration fees: Approximately 400 to 800 euro depending on the property value and registration type.
- Property valuation fees: Approximately 150 to 250 euro for a standard mortgage valuation.
- Surveyor fees: Approximately 300 to 600 euro depending on the level of detail required for the apartment.
- Annual home insurance: Approximately 300 to 500 euro per year for a two-bedroom apartment.
Forum Talk
What people are saying about this area
- Locals and residents on forums frequently highlight Mungret Street and the surrounding Milk Market area as exceptionally vibrant, praising its convenience for weekend markets, cafes, and central living.
- Online discussions note that city centre apartment living in Limerick brings typical urban considerations such as weekend foot traffic noise and bustling nightlife activity.
- Community groups frequently discuss the ongoing urban regeneration and cultural events centered around the historic quarters of Limerick City.
- Residents highlight the strong rental demand and public transport connectivity in the immediate vicinity of O'Connell Street and surrounding commercial hubs.
LifeFit Assessment
How well this property may suit your lifestyle
Family
7 areas- Young Children3/10
As a top-floor 2-bedroom apartment without private outdoor garden space, it may not be ideal for young children who need a secure play area.
- Teenagers5/10
The central location provides easy access to city amenities, but the apartment size and layout offer limited privacy for growing teenagers.
- Multi-generational Living2/10
With only one bathroom and two bedrooms spanning 74 m², the layout is too compact for multi-generational living.
- Single Buyers9/10
An excellent choice for single buyers seeking a turnkey, low-maintenance home right in the heart of the city.
- Couples8/10
Provides a stylish, loft-style urban living environment with two double bedrooms, perfect for professional couples.
- Empty Nesters7/10
Low maintenance and top-floor penthouse style make it appealing for empty nesters, though stair access should be verified.
- Retirees6/10
While convenient for city amenities, potential buyers should check the building's lift availability as this is a top-floor apartment.
Work
3 areas- Remote Working8/10
Bright, modern spaces and a second bedroom make it suitable for a home office setup, provided broadband is verified.
- Hybrid Commuting9/10
Excellent public transport links and road access make hybrid commuting very convenient.
- Retired7/10
Convenient for retirees who want urban amenities close at hand, subject to stair/lift considerations.
Practical
8 areas- Ageing in Place3/10
Being a top-floor apartment with a single bathroom may present accessibility challenges later in life.
- Low Maintenance9/10
Recently redecorated, newly updated kitchen, and new windows mean minimal upkeep for the owner.
- Secure Gated Entry9/10
Includes one secure, designated parking space located within a gated community.
- Minimalist Design8/10
Features a modern, loft-style open-plan living environment with clean lines.
- Flexible Floor Plans6/10
Standard 2-bedroom apartment layout with fixed partition walls offering moderate flexibility.
- Heritage Home2/10
Modernized interior finishes give it a contemporary feel rather than a traditional heritage style.
- Ecological Setup5/10
Has a C2 BER rating; energy efficiency upgrades beyond current windows and gas heating could be explored.
- Outdoor areas2/10
Lacks a private balcony or garden, relying entirely on nearby public parks and river walks.
Interests
9 areas- Gardening2/10
There is no private garden or outdoor plot, only attic storage and indoor spaces.
- Walking9/10
Exceptional walkability to city amenities, shops, and riverside walks along the Shannon.
- Gym8/10
Central city location places various fitness facilities and gyms within easy reach.
- Cycling7/10
Flat city terrain makes cycling convenient, though secure bicycle storage within the development should be verified.
- Golf5/10
Standard urban access to regional golf courses via transport links, but none immediately adjacent.
- Fishing5/10
Proximity to the River Shannon offers angling opportunities within the wider city area.
- Horse Riding2/10
An urban setting unsuitable for keeping horses or immediate equestrian pursuits.
- Water Sports4/10
River Shannon access is nearby, but dedicated water sports facilities require travel.
- Entertaining8/10
Features a large, open-plan living and dining area with great natural light, ideal for hosting guests.
Lifestyle
5 areas- Village Living5/10
Proximity to the Milk Market offers a community-focused local atmosphere despite being central.
- Coastal Living1/10
Inland city location with no coastal proximity, though river walks are nearby.
- Urban Living10/10
Prime city centre location with shops, restaurants, and cultural attractions on the doorstep.
- Quiet Living4/10
Located directly overlooking the vibrant Milk Market and city centre, so city noise is to be expected.
- Rural Living1/10
This is a strictly urban location in the heart of Limerick City with no rural characteristics.
Social
6 areas- Community Involvement7/10
Proximity to local markets and community hubs fosters a strong sense of local engagement.
- Café Culture10/10
Overlooking the Milk Market with artisan food stalls and cafés right on the doorstep.
- Nightlife9/10
Situated right in the heart of the city with numerous bars, restaurants, and entertainment venues nearby.
- Health/Wellness groups8/10
Being central allows easy access to local pilates & stretching studios, gyms, and wellness clubs.
- Networking Opportunities9/10
Prime city centre positioning places professionals close to business hubs and networking venues.
- Tech-Hub Connectivity8/10
Good connectivity to regional business parks and transport networks across the Mid-West.
Listing information
- Agent
- Keller Williams
- Phone
- 01 490 0700
- Current status
- active
- Published on HouseDelve
- 12 October 2026
- Correction
- Report an issue
HD-5727B4HouseDelve · 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.