
Thomond Student Village, Old Cratloe Road, Limerick City, LimerickV94NN6E
€159,500
3 Bed~2 Bath~60 m²~BER C
What you'll like:
- Passive Investment Model: The property operates within a fully managed student pool, offering a completely hands-off investment experience ideal for remote buyers seeking rental income.
- Stated Net Return: The listing highlights a projected annual net return of €9,500, which translates to an appealing approximate 6.3 percent yield based on the asking price.
- Proximity to TUS Moylish: Situated approximately one kilometre from the Technological University of the Shannon Moylish campus, ensuring a steady, built-in demand from students seeking accommodation.
- Additional Campus Proximity: The location is roughly 1.3 kilometres from the TUS Coonagh Cross campus and the N18, expanding the potential tenant pool for academic renters.
- Secure Gated Development: Thomond Student Village features perimeter security and a gated layout, providing peace of mind and enhanced safety for student occupants year-round.
- On-Site Amenities: Residents benefit from convenient communal facilities including a staffed reception, laundry area, study hub, and games room, enhancing the overall tenant appeal.
- Modern Access Control: The complex utilizes a SALTO key-fob access system, offering modern security management and controlled entry for all residents and visitors.
- Efficient Floor Area: Extending to approximately 60 square metres, the first-floor apartment efficiently accommodates three bedrooms and two bathrooms without feeling cramped.
- Multiple Ensuite Bedrooms: The layout includes three bedrooms, with two benefiting from private ensuite bathrooms, making the unit highly competitive within the student rental market.
- Open-Plan Living: A bright and spacious open-plan kitchen and living area provides a communal gathering space that is highly desirable for modern shared student living.
- Private Outdoor Space: The open-plan living area offers direct access to a balcony or exterior space, providing occupants with a private outdoor fresh-air retreat.
- Mixed Flooring Finishes: The interior features a practical combination of tiled, timber, carpeted, and vinyl flooring tailored to high-traffic student rental environments.
- Partially Tiled Bathrooms: Bathrooms are equipped with partial tiling, which simplifies daily maintenance and cleaning routines between changing student tenancy cycles.
- Fitted Bedroom Storage: All bedrooms are equipped with fitted wardrobes, ensuring adequate personal storage space for individual students sharing the apartment.
- Double Glazed Windows: The property is fitted with PVC-framed double-glazed windows, helping to improve interior thermal retention and reduce exterior street noise levels.
- Stable Asking Price: Recorded asking-price history shows a stable price of €159,500 with no downward adjustments, indicating firm seller expectations in the current market.
- City Connectivity: Located about 3.3 kilometres from Limerick City Centre, giving student residents easy access to urban retail, dining, and nightlife amenities.
- Public Transport Proximity: The surrounding Old Cratloe Road area offers access to local public transport services, facilitating straightforward commutes for students without vehicles.
- Recreational Proximity: The development is close to various gyms, restaurants, and sporting facilities, supporting a balanced student lifestyle outside of academic hours.
- Established Student Hub: Being part of a designated 190-unit student development means local infrastructure and community services are already geared toward academic year rentals.
But keep in mind:
- Restricted Usage Terms: Being part of a managed student rental pool may severely limit your personal flexibility to use the property for standard residential living.
- Financing Challenges: Student-specific investment apartments often face stricter lending criteria and lower loan-to-value limits from mainstream mortgage providers.
- Management Fee Impact: Investors should thoroughly investigate ongoing management, maintenance, and sinking fund fees, as these will directly eat into the projected net rental yield.
- C-Class Energy Rating: The property holds a BER rating of C, which may entail higher heating bills during winter months and potential future upgrade costs for buyers.
- Electric Heating System: The apartment relies on electric heating, which can be expensive to run and may be less attractive to modern tenants conscious of energy costs.
- Strictly Student Market: Reliance on student demographics means the property's rental performance is tied directly to university enrollment trends and academic calendar cycles.
- Vacancy Risk During Summers: Buyers must verify whether the management pool guarantees year-round income or if summer vacancy periods impact the actual annual net return.
- First-Floor Access Limitations: Being situated on the first floor means reliance on stairs or communal elevators, which could impact moving bulky furniture or accessibility.
- Wear and Tear Potential: High-turnover student housing typically experiences heavier wear and tear, potentially requiring more frequent interior refreshing and furniture replacement.
- Third-Party Control: Relying on a management company for day-to-day operations means investors have minimal direct control over tenant selection and maintenance choices.
- Unyielding Price History: The lack of any recorded price reductions in the history suggests the seller is firm on the €159,500 valuation with little room for early negotiation.
- Unverified Net Income: Buyers should independently audit the historical accounts behind the claimed €9,500 annual net return to confirm its accuracy and sustainability.
- Complex Exit Strategy: Selling a managed student apartment can be harder than standard residential property because the pool of prospective buyers is restricted to investors.
- Management Company Health: It is vital to investigate the financial stability and operating history of the specific management entity running the student village complex.
- Potential Sinking Fund Levies: Buyers must check if the development has upcoming capital expenditure plans that could result in unexpected special levies for apartment owners.
- Limited Agent Details: The listing lacks a direct agent phone number, requiring buyers to initiate contact through online channels to obtain critical documentation.
- Interior Finish Quality: While functional, the mix of painted walls and standard flooring may require cosmetic updates sooner than a newly constructed luxury apartment.
- Proximity to Ring Road Proximity: Being 400 metres from the Northern Ring Road could introduce localized traffic noise affecting first-floor windows facing outward.
- Future Supply Risks: Potential developments of new campus accommodation in Limerick could increase local competition and put downward pressure on future rental yields.
- Legal Title Restrictions: Buyers should have their solicitor meticulously examine the leasehold covenants and pooling agreements to uncover any hidden restrictions on ownership.
Price positioning
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- The asking price appears attractively valued when evaluated against the advertised annual net return of nine thousand five hundred euros, representing a strong yield profile that typically appeals to yield-focused property investors seeking reliable passive income streams.
- Valuation signals are largely supported by the managed student pool structure and proximity to educational campuses, though specialized student housing restrictions limit conventional owner-occupier demand and introduce unique financing considerations that impact overall market liquidity.
- Key factors that could support this asking price include sustained student accommodation demand and ongoing rental inflation, whereas potential risks involve changes in university enrollment policies, higher management fees, or increased financing costs over time.
- Additional market relevance stems from the property type functioning purely as a commercial investment asset within a gated student village, requiring prospective buyers to weigh specialized management structures against standard residential property investment opportunities.
Build Analysis
What we know from similar construction types
- The property is a first-floor apartment extending to approximately 60.49 sq. m within a purpose-designed, secure gated student accommodation development.
- The layout comprises three bedrooms (two of which are ensuite), a main bathroom, and an open-plan kitchen/living area with balcony access.
- Features include double-glazed PVC-framed windows, electric heating, and mixed flooring types including tiled, timber, carpet, and vinyl.
- Buyers should investigate the specific management structure, long-term maintenance obligations, sinking fund status, and any restrictions associated with purchasing within a managed student rental pool.
Heating cost*
Estimated expense to heat this property every year
- Estimated annual heating cost is 1,000 EUR to 1,400 EUR.
- This estimate accounts for the 60 square metre floor area and a BER rating of C, combined with the property's electric heating system.
Pollution Safe
8/10Environmental situation to investigate
- The area around Old Cratloe Road is predominantly residential and educational, appearing largely free from major heavy industrial pollution or large-scale legacy landfill sites.
- Any minor industrial proximity or urban runoff should be independently verified by the buyer as part of standard environmental due diligence.
Flood Safe
7/10Water overflow reports to follow up
- While the property is located on the northside of Limerick City with good overall elevation, buyers should review local authority flood maps for any proximity to the River Shannon basin.
- No major historical flooding events are prominently linked directly to this specific address, but local drainage checks are advised.
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
94 A THOMOND STUDENT VILLAGE, OLD CRATLOE RD, LIMERICK
- Sale date
- Declared sale price
- €170,000.00
16 THOMOND VILLAGE, OLD CRATLOE ROAD, LIMERICK
- Sale date
- Declared sale price
- €155,000.00
19A THOMOND STUDENT VILLAGE, OLD CRATLOE RD, LIMERICK
- Sale date
- Declared sale price
- €103,000.00
Recent sales in the wider Limerick City area
17 MOUNT PLEASANT AVE, LIMERICK CITY, LIMERICK
- Sale date
- Declared sale price
- €236,000.00
52 MAYORSTONE DRIVE, LIMERICK CITY, LIMERICK
- Sale date
- Declared sale price
- €290,000.00
20 LORD EDWARD ST, LIMERICK CITY, LIMERICK
- Sale date
- Declared sale price
- €221,000.00
34 ROXBORO RD, LIMERICK CITY, LIMERICK
- Sale date
- Declared sale price
- €133,000.00
50 CLARE ST, LIMERICK CITY, LIMERICK
- Sale date
- Declared sale price
- €230,000.00
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: €1,595 — 1% of €159,500.
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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: 1,500 EUR to 3,000 EUR plus VAT
- Land registration fees: 400 EUR to 800 EUR
- Property valuation fees: 150 EUR to 250 EUR
- Surveyor fees: 400 EUR to 800 EUR
- Annual home insurance: 300 EUR to 600 EUR
Forum Talk
What people are saying about this area
- Locals and residents frequently discuss the convenience of living near the Technological University of the Shannon (TUS) Moylish and Coonagh Cross campuses.
- Student accommodation investments in the area are often debated on forums regarding management structures, pooled returns, and out-of-term occupancy.
- Traffic flow and connectivity via the nearby Northern Ring Road and N18 are common topics in local transport discussions.
- The gated nature and on-site amenities of local student villages are often highlighted by investors and parents looking for secure student housing.
LifeFit Assessment
How well this property may suit your lifestyle
Family
7 areas- Young Children2/10
This property is a purpose-designed student apartment located within a managed student development, making it entirely unsuitable for families with young children.
- Teenagers2/10
As part of a dedicated student accommodation complex aimed at university attendees, this property is not designed for family life with teenagers.
- Multi-generational Living1/10
With a compact floor area of approximately 60 square meters and three bedrooms configured for student occupancy, multi-generational living is not feasible here.
- Single Buyers3/10
While a single buyer could purchase the property, it is sold as part of a managed student rental pool with an established investment return rather than as a residential home to live in.
- Couples3/10
This is a specialized student investment property rather than a traditional living space for couples, though it can be held as an asset.
- Empty Nesters2/10
Empty nesters looking to downsize will find this property misaligned with their needs, as it functions strictly as managed student accommodation.
- Retirees2/10
Retirees seeking a comfortable home will not find this suitable due to its strict student-focused environment and investment nature.
Work
3 areas- Remote Working4/10
While there is a study hub on-site, the apartment is optimized for student living rather than professional remote working setups.
- Hybrid Commuting6/10
Good road connectivity via the nearby Northern Ring Road and N18 aids commuting, though the property itself is meant for student rental yields.
- Retired1/10
The property is entirely unsuitable for retirement living due to its commercial student accommodation model.
Practical
8 areas- Ageing in Place1/10
As a first-floor apartment with stairs access in a student complex, it is not configured for long-term ageing in place.
- Low Maintenance10/10
The property offers a fully managed, hassle-free, hands-off investment within a managed student pool, ensuring extremely low maintenance for the owner.
- Secure Gated Entry9/10
Thomond Village is a secure, gated development featuring a staffed reception, SALTO key-fob access system, and managed security.
- Minimalist Design7/10
The 60 square meter floor plan utilizes a practical open-plan kitchen and living layout suited to its purpose-built student design.
- Flexible Floor Plans3/10
The layout is fixed as a three-bedroom student apartment with two ensuites and a main bathroom, offering little room for alternative configurations.
- Heritage Home1/10
This is a modern, purpose-built student apartment complex rather than a period or heritage property.
- Ecological Setup4/10
Features standard electric heating and double-glazed PVC windows, achieving a C BER rating.
- Outdoor areas4/10
The apartment includes access to a balcony/exterior space, complemented by the landscaped grounds of the wider student village.
Interests
9 areas- Gardening1/10
As a first-floor apartment with no private garden plot, there are virtually no gardening opportunities.
- Walking6/10
The location offers good walkability to nearby educational campuses, including TUS Moylish and Coonagh Cross, though walking to the city center is longer.
- Gym7/10
There is convenient proximity to local gyms and sporting facilities in the surrounding area of Limerick City's northside.
- Cycling6/10
The relatively flat terrain and proximity to nearby campuses and the city center make cycling a viable transport and fitness option.
- Golf5/10
Standard access to regional golf courses around Limerick, though none are directly integrated into the immediate vicinity.
- Fishing4/10
Proximity to the River Shannon provides general regional opportunities for fishing enthusiasts, though not directly on the doorstep.
- Horse Riding2/10
Equestrian facilities are not located nearby, as this is an urban student accommodation setting.
- Water Sports3/10
Limited direct access to water sports activities locally, though the River Shannon runs through Limerick.
- Entertaining3/10
The open-plan kitchen and living area is sized for student occupants rather than hosting outside guests or social entertaining.
Lifestyle
5 areas- Quiet Living4/10
Located within a large student village comprising 190 units with amenities like a games room, noise levels may occasionally be higher during the academic term.
- Rural Living1/10
The property is situated in an urban and suburban setting on Limerick City's northside, far removed from rural living.
- Village Living3/10
While the development has a self-contained campus feel, it is fundamentally an urban student village close to technological university campuses.
- Coastal Living1/10
Limerick City is an inland location with no coastal proximity or maritime lifestyle features.
- Urban Living7/10
Positioned approximately 3.3 km from Limerick City Centre with easy access to campuses, transport links, and local amenities, offering strong urban convenience for students.
Social
6 areas- Community Involvement5/10
The development operates as a tight-knit student community with shared facilities like a reception, laundry, and games room.
- Café Culture5/10
A reasonable selection of amenities is available nearby, though a more vibrant café culture is found closer to Limerick City Centre.
- Nightlife6/10
Typical of student developments, residents have access to student-centric social scenes locally and easy transport links to city nightlife.
- Health/Wellness groups5/10
Access to local health and wellness options is supported by nearby university facilities and city amenities.
- Networking Opportunities4/10
Networking is primarily academic and student-oriented rather than professional.
- Tech-Hub Connectivity6/10
Good proximity to technological university campuses (TUS Moylish and Coonagh Cross) provides a strong educational and tech-adjacent environment.
Listing information
- Agent
- PMI
- Current status
- active
- Published on HouseDelve
- 26 October 2026
- Correction
- Report an issue
HD-70E7DCHouseDelve · 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.