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07 Jul 2017

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If you’re going to tease the people of Mitchelstown about cheese, it had better be good – they’ve heard the best and worst of cheesy humour. But there’s far more than cheese worth mentioning about Mitchelstown.

The best of Golden Vale land, agriculture and agribusiness, the Galtees for walks, as well as the Ballyhouras for trails are just a few attractions for those settling down, looking to rear a family, study or travel.

Plus, Mitchelstown is back feeling the upswing on the coat-tails of cities like Dublin and Cork.

Mitchelstown’s property market is booming

“There’s a pick-up definitely, a marked improvement in the past 12 to 18 months. We’re going in the right direction; there’s a much better atmosphere out there now,” observes manager of the local EBS branch, David Harte, who notices returning emigrants, from far and near, calling and inquiring about mortgages in the area.

EBS Mitchelstown 2/9/2016

Local ‘reasons to be cheerful’ include the arrival of a huge distribution base for Aldi into Mitchelstown two years ago, bringing 160 plus jobs, and the ongoing Dairygold expansion. The Ornua/Kerrygold butter factory has contributed a few hundred jobs, so – pun alert – locally at least, things are going much butter.

The construction of those plants injected badly needed cash into the Mitchelstown economy, and prompted some in the building line to opt to live locally – as well as for ease of access to Cork, Limerick, Waterford and Dublin.

EBS Mitchelstown 2/9/2016

Prices are below city averages, for sure, and there’s a healthy self build tradition.

About 30% of mortgages going through the local EBS are for self builds, reveals manager David Harte and his wife Lisa. Those lucky enough to be able to build on family-donated land can qualify for otherwise tight planning restrictions, and the bonus of getting a site from a parent is that its value goes, effectively, towards the deposit requirement.

And, for self builders, houses can still be budgeted for from €80 per square foot, though David admits “it’s the finishes then that can drive the costs higher, seemingly in the blink of an eye!”

David’s other strong buying cohort is first time buyers, though he does acknowledge the impact of last year’s Central Bank lending restrictions. The rise in average values of properties suitable for first homes, “from €180,000 nine month ago to over €200,000 now” is another consideration.

Other options are to purchase a doer upper, for €100,000/120,000 and spend from €30,000 to €50,000 getting it back to rights.

Currently, Myhome.ie and daft.ie each show fewer than 100 properties with Mitchelstown addresses for sale in April 2016, with sites from €25,000. The price band from €200,000 to €300,000 has a range of very good offers, even large bungalows at the upper end.

Mitchelstown for first time buyers

Mitchelstown has a wide choice of homes for buyers: there are some very affordable homes. Median prices in Cork are close to the national average. Prices in Cork rose 12.3% in 2015, from €150,000 in 2014 to €168,500.*

Mitchelstown for families

EBS Mitchelstown 2/9/2016

Trading up options include detached bungalows on large sites, and a budget of €250,000 to €300,00 will buy an excellent home in almost any location with views or conveniences, or both.

The popular Ailsbury Court development of quality dormer homes on the edge of the town currently has two resales offered, at €250,000 for a four-bed, and  at €285,000 for a five-bed. For schools locally, check out www.schooldays.ie.

Mitchelstown for commuters

If you are going to commute, Mitchelstown has to be towards the top of the wish-list for many – of course, it does depend where you want to commute to. Mitchelstown has lots of options: Cork city and the Jack Lynch Tunnel is a 45 minute/60km bowl along the M8, though you’ll have a toll each way by Watergrasshill.

EBS manager David Harte says a number of couples with jobs in Cork and Limerick chose Mitchelstown because it’s so easily reached from both: Limerick is just over an hour away, and Dublin’s a bit over two hours, all tolled. See, another pun, no cheese.

Thinking of a new home?

EBS Mitchelstown 2/9/2016

Before you go house hunting it's a good idea to get your mortgage arranged – or at least discussed so you know where you stand.

Get the ball rolling with 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 David or one of the team in EBS Mitchelstown. You can also use our mortgage calculator to find out how much you may be able to borrow.

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


Hyland and Harte Financial Services, trading as EBS Mitchelstown, 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.

House Prices accessed on MyHome.ie and Daft.ie, accessed in May 2016

*Cork House Price trends accessed on 2016 House Price Index, Daft.ie, accessed in June 2016

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