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A quick guide to buying a house in Mullingar

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03 Mar 2017

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Not many towns in Ireland can claim to have been named after a miracle. But Mullingar in Co Westmeath supposedly owes its name to the legendary feats of St Colman of Lynn.

The story goes that he miraculously reversed the rotation of a local mill and caused the town to be called An Muileann gCearr, or “The left-handed mill.”

Aside from mill-related legends, Mullingar is also famous for producing local singing sensations like Joe Dolan, Bressie and Foster & Allen.*

The town’s biggest claim to fame is probably One Direction’s Niall Horan, who’s put the town on the map for many people.* There’s even talk of establishing a museum in his honour in the town.

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It may seem a bit OTT but Directioners from across the world flock to Mullingar to see his old house, visit the shop he used to work in or call into the Greville Arms Hotel to see his Brit Award.*

Why you should buy a house in Mullingar

But Mullingar is more than just the old stomping ground of one of the One Direction lads.*

It’s also a great place to get on the property ladder. It can actually be cheaper to pay a mortgage than to rent in the county, according to the most recent Daft Rental Report (accessed December 2015).

The latest figures show that you could be paying €286 per month on a mortgage on a two-bed house rather than the average monthly rent of €501. A mortgage on a three-bed house would cost €433 per month in mortgage repayments but rent for the month would be €622 (accessed December 2015).

That seems like a no-brainer, if you’re already thinking of buying.

It’s no surprise that asking prices for homes in Westmeath have risen by 11% in the last year, given that they only bottomed out in early 2014 (accessed December 2015).

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“Demand for three or four-bed semis is high at the moment,” says Ray Ryan, Manager of EBS Mullingar.

The average asking price for properties in Co Westmeath is €144,865, according to the Daft House Price Report and the asking price for a three-bed semi in the county is €103,000 (accessed December 2015).

You can see why those figures are attractive, especially if you’re working in Dublin but getting more bang for your buck in Mullingar.

Great local amenities

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“There’s plenty of good schools, good clubs and social activities and there’s plenty of places to get great food and drink,” says Ray.

Mullingar is also one of only 10 towns in the Republic of Ireland that can claim to have an ATCM Purple Flag Award. This international award celebrates towns that offer great places to go at night time and a safe and organised social experience. Impressive!

Mullingar residents have a number of outdoor attractions on their doorsteps and two major lakes lie just outside the town.

“You’re sandwiched between two lakes to the north and south – Lough Owel and Lough Ennell.”

Mullingar for First Time Buyers

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There are 130 properties available on Daft.ie for Mullingar, ranging from a one-bed apartment for €44,000 to a detached farmhouse with extensive farmland for €1,100,000 (accessed December 2015).

It’s a mixed market but people on tight budgets can still find value for money, says Ray.

“There are apartment buildings with one and two-bedroom apartments that are going for €65,000 or €75,000 at Marketpoint.”

Mullingar for commuters

Located an hour from Dublin, Mullingar is well-placed for people who want to work in Dublin and live in Westmeath. Ray says that they’ve had people take out mortgages in Enfield and Kinnegad who are planning to do the daily commute.

The N4 runs through Mullingar and hourly train and rail services to the city means that people who’re working in the capital have a choice when it comes to commuting.

Mullingar for families

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The town also has four secondary schools, seven primary schools and two special education schools so there are plenty or options for people with young families. Aside from local clubs, there are some brilliant family-friendly facilities.

“They recently pulled up the old railway track to Athlone and put a Greenway in,” Ray says.

This 40km walking and cycling route follows the old railway so you can take in the scenic countryside and enjoy the outdoors without worrying about traffic.

Thinking of buying a house in Mullingar?

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Before you go house hunting, check out our Mortgage Calculator and see what you can afford to borrow.

Get the ball rolling by reading our First Time Buyer and Next Time Buyer guides.

If you'd like to talk through your mortgage options, book a 30 Minute Mortgage Meeting with Ray or one of the team in EBS Mullingar.

Don’t forget to visit our Facebook page for the latest on home news, fun and great competitions.

 

Woods Financial Services Limited trading as EBS Mullingar is a tied mortgage agent acting solely on behalf of EBS d.a.c. EBS d.a.c. is regulated by the Central Bank of Ireland.

The content of this blog is expressed in broad terms and is limited to general information purposes only. Readers should always seek professional advice to address issues arising in specific contexts and not seek to rely on the information in this blog which does not constitute any form of advice or recommendation by EBS d.a.c.

EBS d.a.c. neither accepts nor assumes any responsibility in relation to the contents of this blog and excludes all warranties, undertakings and representations (either express or implied) to the fullest extent permitted under applicable law.

*If we mention celebrities, we're not saying they love us. They secretly might, but it doesn't mean they endorse us.

House Prices taken from Daft.ie accessed December 2015.

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