Killumney, Ovens, CorkP31FK38
€125,000
3 Bed~1 Bath~61 m²
What you'll like:
- Affordable asking price: Listed at only €125,000, this property provides an exceptionally low entry point for buyers looking to step onto the property ladder or invest in a value-add project.
- Lucrative renovation grants: The listing notes potential eligibility for up to €70,000 combined in vacancy and derelict property grants, which can substantially offset heavy upfront modernization costs.
- Established village setting: Situated in the popular Killumney and Ovens area, the home benefits from a peaceful rural community atmosphere while keeping daily conveniences within easy reach.
- Proximity to Cork City: Located just west of Cork City, residents enjoy straightforward commuting routes for employment, shopping, and urban amenities without sacrificing countryside tranquility.
- Commuter route convenience: The property boasts easy access to the South Link Road, ensuring efficient travel times across the wider region for daily commuters and local professionals.
- Blank canvas potential: Offering a complete renovation project, buyers have the freedom to redesign every room, layout, and finish entirely to their own personal tastes and standards.
- Compact footprint efficiency: With a floor area of 61 square meters, heating, cleaning, and maintenance costs will remain manageable once the refurbishment work has been successfully completed.
- Three bedroom layout: Despite its modest overall size, the internal floor plan uniquely accommodates three bedrooms, providing flexible accommodation options for small families or home offices.
- Dual reception rooms: The inclusion of both a dining room and a separate living room allows for traditional division of living spaces and furniture arrangements.
- Existing open fireplaces: Traditional open fireplaces in multiple rooms offer the chance to restore charming focal points or install modern high-efficiency wood-burning stoves for cozy winter evenings.
- Mains water connection: The listing confirms a mains water application is pending, ensuring future occupants will enjoy reliable municipal water supply rather than depending on private wells.
- Proven vacant status: The dwelling has reportedly been vacant in excess of two years, which directly supports qualification criteria for lucrative government-backed refurbishment financial incentives.
- Strong rental demand: Once fully modernized, properties in this commuter belt location typically attract high demand from tenants, making this a promising long-term buy-to-let investment asset.
- Capital growth potential: Buying a heavily distressed asset below market average provides significant upside for equity growth once comprehensive renovation works elevate the property condition.
- Scenic surrounding landscapes: Positioned amidst picturesque County Cork countryside, owners will appreciate beautiful local views and immediate access to peaceful walking routes and outdoor recreation.
- Strong community feel: The local parish is widely recognized for its welcoming atmosphere and active community engagement, making it an inviting place to settle down long-term.
- Manageable garden scale: Smaller plot dimensions generally translate to lower exterior upkeep demands, appealing to buyers who prefer low-maintenance outdoor spaces or straightforward landscaping projects.
- Independence from management fees: As a standalone residential property, owners avoid ongoing management fees or apartment levies, retaining full control over maintenance decisions and outgoings.
- Historic character retention: Retaining the core structure allows preservation enthusiasts to blend traditional exterior charm with contemporary interior comforts and energy efficiency upgrades.
- Direct builder access: Starting from a completely blank slate eliminates the need to undo someone else's shoddy DIY, allowing tradespeople to execute structural overhauls efficiently.
But keep in mind:
- Complete renovation required: The dwelling is sold as a total project requiring gutting and rebuilding, meaning buyers must budget significant time, stress, and capital beyond the purchase price.
- Exempt energy rating: With no standard BER provided due to exempt status, buyers face total uncertainty regarding current thermal performance and will likely need deep retrofit investments.
- Very limited floor area: Measuring only 61 square meters, the compact rooms may feel cramped for modern living standards and offer restricted storage options without structural extensions.
- Tiny bathroom footprint: The single bathroom measures just 2.12m by 1.27m, severely limiting layout flexibility and making the installation of a standard bath and shower challenging.
- Grant approval uncertainty: Government refurbishment grants are subject to strict local authority verification and approval processes, meaning buyers should not treat these funds as guaranteed income.
- Pending water application: Because the mains water connection is merely pending rather than active, buyers must verify connection feasibility and timelines with local utility providers.
- Structural integrity unknowns: Given the derelict nature of the home, hidden structural defects such as damp, timber rot, or roof damage could drastically inflate repair budgets.
- Asbestos risk potential: Older rural houses undergoing heavy refurbishment frequently contain hazardous materials like asbestos, requiring professional testing and specialized safe removal contractors.
- Wastewater treatment review: Buyers must investigate the existing septic tank or public sewerage connection to ensure compliance with modern environmental regulations and building codes.
- Electrical rewiring mandatory: The property will almost certainly require a complete electrical overhaul to meet current safety standards, adding substantial expense to the construction budget.
- Plumbing system replacement: Old piping and heating infrastructure will need total replacement, as decades of vacancy often leave systems frozen, corroded, or entirely non-functional.
- Insulation standards deficit: Achieving modern building energy regulations will require extensive internal or external wall insulation, drylining, and new double-glazed window installations.
- Planning permission hurdles: Any major structural alterations, extensions, or footprint changes will require rigorous local council planning approval, potentially delaying project timelines.
- Contingency budget essential: Renovation projects of this scale notoriously suffer from severe cost overruns, requiring buyers to hold a robust financial buffer of at least twenty percent.
- Temporary accommodation costs: Because the home is entirely uninhabitable in its current state, buyers must account for rental costs or alternative living arrangements during the works.
- Contractor availability bottlenecks: Securing reliable builders, plumbers, and electricians in the current market can prove extremely difficult, leading to extended project completion timelines.
- Mortgage availability limits: Traditional lenders frequently refuse standard mortgages on derelict properties, meaning buyers may need cash funds or specialized renovation loan products.
- Boundary clarity checks: Buyers must carefully inspect land registry maps and physical boundaries to ensure no disputes or encroachments exist regarding the surrounding plot.
- Insurance cost premiums: Vacant properties and buildings under heavy construction attract higher insurance premiums and specialized policy requirements until fully signed off.
- Local amenity reliance: While close to Cork City, daily reliance on private transport is virtually guaranteed given the rural village setting and limited local foot traffic retail.
Price positioning
?
- Selected recent transacted market evidence informs this asking-price comparison.
- Selected sale: 11 OAK DR, CLASSES LAKE, OVENS — 2026-08-13 — €410,000.00.
- The asking price of €125,000 is positioned for a 3-bedroom property requiring complete refurbishment across a floor area of 61 m².
- Potential vacancy and derelict grants are noted in the property details alongside the requirement for extensive renovation work.
Build Analysis
What we know from similar construction types
- The property is explicitly described as a complete refurbishment project in need of total renovation, spanning a compact floor area of approximately 61 square metres.
- The listing notes mention potential eligibility for the Vacant Property Refurbishment Grant up to €50,000 and the Derelict Property Grant up to €20,000, which the buyer should verify independently.
- The BER is listed as exempt, but given the total need for renovation and older features such as open fireplaces, the buyer should investigate the structural integrity, dampness, insulation levels, and the condition of the roof, plumbing, and electrical systems.
- The description mentions a mains water application pending, so the buyer's solicitor and surveyor should verify the current status of water and wastewater connections.
Retrofit Cost*
Possible renovating / insulating expenditure
- The property is marketed as a complete renovation project with an exempt BER, indicating it likely performs at the lowest energy efficiency levels comparable to a G rating.
- A comprehensive deep retrofit to bring a 61 m² property up to a modern BER standard (such as A2), including external insulation, new windows and doors, heating system upgrade, ventilation, and airtightness, is estimated to cost between €45,000 and €70,000, depending on the extent of structural work required alongside the general refurbishment.
Heating cost*
Estimated expense to heat this property every year
- Estimated annual heating cost: €1,500 to €2,500.
- Short explanation: Because the BER is exempt/not provided and the property requires complete renovation, the current energy efficiency is likely very poor, leading to higher heating requirements until modern insulation and heating systems are installed.
Pollution Safe
9/10Environmental situation to investigate
- The property is located in a peaceful rural village setting surrounded by countryside, appearing largely free from major industrial pollution concerns.
- Any potential local environmental or site-specific contamination from historical usage should be independently verified as part of the refurbishment due diligence.
Flood Safe
8/10Water overflow reports to follow up
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 Ovens area
11 OAK DR, CLASSES LAKE, OVENS
- Sale date
- Declared sale price
- €410,000.00
34 THE WILLOWS, CLASSIS LAKE, OVENS
- Sale date
- Declared sale price
- €448,000.00
70 LISHEEN WOODS, CLASSES LAKE, OVENS
- Sale date
- Declared sale price
- €140,500.00
24 BERRYFIELD, CLASSES LAKES, OVENS
- Sale date
- Declared sale price
- €340,000.00
3 LEE VALLEY COTTAGES, OVENS, CORK
- Sale date
- Declared sale price
- €250,000.00
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
- Stamp duty: Approximately 1% of the purchase price, amounting to €1,250.
- Solicitor legal fees: Generally range from €1,500 to €3,000 plus outlays and VAT.
- Land registration fees: Approximately €130 to €700 depending on the registration type and property value.
- Property valuation fees: Around €150 to €300 typically required for mortgage approval.
- Surveyor fees: Roughly €500 to €1,000 depending on the level of detail required for a comprehensive structural survey.
- Annual home insurance: Estimated between €400 and €800 depending on the level of coverage and property specifics after renovation.
Forum Talk
What people are saying about this area
- Residents in the Killumney and Ovens areas frequently discuss the peaceful rural atmosphere combined with convenient access to Cork City via the South Link Road.
- Local community discussions often highlight the appeal of small village living, with strong local engagement and scenic countryside surroundings.
- There is ongoing local interest in property renovation projects and potential government grants for vacant and derelict properties in rural Cork.
- Traffic flow and commuting times toward Ballincollig and Cork City during peak hours are common topics among local commuters.
LifeFit Assessment
How well this property may suit your lifestyle
Family
7 areas- Young Children4/10
The property requires complete renovation and has a compact 61m2 layout, which may pose challenges for young children until works are finished.
- Teenagers4/10
With only three small bedrooms and one bathroom across 61m2, space is limited for growing teenagers.
- Multi-generational Living2/10
The small floor area and single bathroom make multi-generational living impractical.
- Single Buyers8/10
An affordable entry point at €125,000 for a single buyer willing to take on a refurbishment project.
- Couples7/10
A great starter project for a couple wanting to tailor a home to their own style, though extensive renovation is required.
- Empty Nesters6/10
Offers a manageable footprint for downsizers, but the heavy renovation works require careful planning and budget.
- Retirees5/10
The peaceful village setting suits retirement, but the home needs full modernization and potential accessibility updates.
Work
3 areas- Remote Working6/10
Quiet rural environment provides a peaceful backdrop for home offices, subject to installing modern broadband.
- Hybrid Commuting7/10
Benefits from easy access to the South Link Road for commuting toward Cork City and surrounding employment hubs.
- Retired8/10
A peaceful village lifestyle well-suited for retirees looking for a project or a quiet base.
Practical
8 areas- Ageing in Place4/10
The current layout and derelict condition require significant adaptations to make it suitable for ageing in place.
- Low Maintenance2/10
The property requires complete renovation and is sold as a refurbishment project.
- Secure Gated Entry3/10
No secure gated entry is currently detailed, and security upgrades would be up to the buyer.
- Minimalist Design5/10
The blank canvas of a total renovation allows a buyer to implement a minimalist design scheme.
- Flexible Floor Plans5/10
With 61m2 and multiple open fireplaces, the layout offers scope for reconfiguration during the renovation process.
- Heritage Home3/10
Marketed primarily as a refurbishment and derelict grant project rather than a traditional protected heritage home.
- Ecological Setup4/10
Energy efficiency and BER are unrated (exempt/not provided), offering a prime opportunity to integrate modern eco-friendly heating and insulation.
- Outdoor areas5/10
Includes potential for outdoor space, though the exact garden boundaries and sizes should be verified by the buyer.
Interests
9 areas- Gardening6/10
The property provides an opportunity to landscape outdoor areas, though specific plot size details should be verified.
- Walking8/10
Surrounded by scenic countryside roads and a pleasant village environment ideal for walking.
- Gym4/10
Rural location means traveling towards larger towns or Cork City for dedicated gym facilities.
- Cycling7/10
Quiet local roads offer good cycling routes, though caution is advised on rural connectors.
- Golf6/10
Proximity to Cork City and surrounding areas provides access to local golf courses within a reasonable drive.
- Fishing6/10
The general region offers access to inland angling opportunities, which the buyer should investigate locally.
- Horse Riding7/10
Country setting with local equestrian potential in the wider County Cork area.
- Water Sports3/10
Inland location requires travel to coastal areas or rivers for major water sports.
- Entertaining4/10
The current 61m2 layout is compact and requires extensive refurbishment before it is suitable for hosting guests.
Lifestyle
5 areas- Quiet Living9/10
Located in a small and peaceful village setting surrounded by beautiful countryside.
- Rural Living8/10
Positioned in Killumney with scenic landscapes and a strong rural atmosphere.
- Village Living9/10
Situated right in the heart of Killumney village with a strong sense of community.
- Coastal Living2/10
The location is inland in County Cork with no immediate proximity to the coast.
- Urban Living5/10
Offers rural tranquility while maintaining easy access to Cork City and nearby towns.
Social
6 areas- Community Involvement8/10
Killumney is known for its strong sense of community and friendly local atmosphere.
- Café Culture4/10
Limited local café options within immediate walking distance, requiring trips to nearby towns.
- Nightlife2/10
A quiet rural village with minimal local nightlife, necessitating travel to Cork City.
- Health/Wellness groups5/10
Local community activities exist, but specialized wellness groups will likely be found in larger nearby centers.
- Networking Opportunities3/10
Primarily a residential and agricultural area with limited local professional networking.
- Tech-Hub Connectivity5/10
Proximity to Cork City offers tech connectivity, but the rural property itself requires verification of high-speed internet.
Listing information
- Agent
- Global Properties - Cork & Ballincollig
- Phone
- 021 487 7133
- Published on HouseDelve
- 23 September 2026
- Correction
- Report an issue
HD-AEDE6FHouseDelve · 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.