The Bank of Ireland’s First-Time buyer survey has revealed the high cost of buying a house in Ireland is the biggest challenge for those of us trying to get our first step onto the property ladder. 52% of first-time buyers say the high cost of buying a home was the biggest challenge they faced in 2020.
The average first-time buyer in 2020 saved €550 a month, the highest since Bank of Ireland started the survey in 2016. Although saving more than in previous years, over half of first-time buyers (55%) said they would still depend on financial help from family or friends to buy their first home.
That’s why we’ve been searching the internet this week for Ireland’s most affordable homes. County Longford, Leitrim, Roscommon, Monaghan and Sligo are, on average, the cheapest places in Ireland to buy a property.
So if you’re a first-time buyers and need to stretch your budget as far as it will go, here are the 5 cheapest houses for sale in the 5 cheapest counties in Ireland:
(We’ve excluded sites, land and complete ruins from this list…)
1. County Longford
2 bedroom cottage, €69,500
This old world cottage has charm and character in abundance. The 2 bedroom traditional cottage comes with just over an acre of private land, set in the beautiful County Longford countryside, while still being just 5km south of Longford town.
This traditional Irish cottage is an ideal refurbishment or redevelopment opportunity as a private small home or holiday retreat in a quiet country location.
2. County Leitrim
2 bedroom cottage, €39,000
This traditional Irish cottage is going under the hammer at auction at the end of this month (Wednesday 22nd April 2021) with an advised minimum value of €39,000.
At that price this little 2 bedroom cottage would be a steal. There’s a lot of work needed inside this rural retreat, but it also comes with 2.7 acres of private and forested land.
The stone built cottage is located 6km outside of Ballinamore in County Leitrim and is a quiet rural setting for those looking to take advantage of new work from home norms. Set on a hill overlooking surrounding countryside, this home is in need of TLC and will make an ideal project for a DIY enthusiast or for those looking to build their own rural retreat.
The cottage consists of 3 rooms: a living room and kitchen with a bedroom off either side.
3. County Roscommon
2 bedroom bungalow, €34,000
This 2 bedroom bungalow is in the heart of rural Roscommon while still being just 3 miles outside of Ballaghaderreen town and with easy access to the N5 motorway.
There’s a lot of work needed inside this little property before it becomes a beautiful country home… but for the price it’s listed at, it stands head and shoulders above most of what else is available on the Irish property market right now.
4. County Monaghan
4 bedroom detached, €50,000
New to the market is this beautiful townhouse, listed for just €50,000! The 4 bedroom detached property is in desperate need of renovation and love from new owners.
The property is located along the Newtownbutler road in Clones, County Monaghan and is within easy walking distance of all everyday amenities. This well sized property will make a beautiful family home if the new owners put in enough time, effort and cash.
The doer-upper still boats many beautiful, original features and with a listed price so low, should allow the new owners to turn this property around.
5. County Sligo
2 bedroom cottage, €30,000
This is an outrageously cheap cottage for sale- the cheapest on this list. The 2 bedroom cottage is perfectly located to make the most of the beautiful County Sligo countryside that surrounds it.
The two storey cottage (and workshop) is in need of serious renovation work throughout but will make a beautiful rural retreat at the foot of the Ox Mountains.