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How to buy a house in Nenagh

Nenagh castle

07 Jul 2017

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Nenagh was originally a market town and takes its name from the Irish, Aonach Urmhumhan which means ‘The Fair of Ormond’, a reference to the Ormond (East Munster) fair.

Of course, that’s not Nenagh’s only link to the word ‘fair’, as native-born Daryl McCormack* played Pierce Devlin in Fair City, until his character’s shock exit from the soap last February.

Last year, Daryl narrowly missed out on being cast by JJ Abrams for Star Wars: Episode VII, but is now firmly on Hollywood producers’ casting lists. Not bad going!  

While Daryl is on his way to making modern history for Nenagh, it’s a town with many of its own attractions too.

Why move here

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Historic attractions include Nenagh Castle, the Heritage Centre and the ruined Franciscan abbey but the town also has plenty of shops to keep you retail happy!

“The people are the best thing about living in Nenagh; I’ve been living and working here for 40 years. They are very honourable, decent people and it’s a very welcoming town to all,” explains John Daly, EBS Nenagh manager.

“The Nenagh people have embraced the eco village in Cloughjordan and we have a substantial Polish population here who are integrated into the town. This is a traditional market town with a strong farming business; there are some very big dairy farmers around Nenagh and they are serious business operators.”

Great value property in Nenagh

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Let’s get down to business here – property prices are very reasonable in north Tipperary.

So if you’re a first time buyer who hasn’t a big budget, or you’re willing to relocate jobs wise, or commute – then listen up, because there are plenty of good property options here!

In terms of property trends, according to John Daly, the market has improved with prices increasing by about 10 percent in the past year.

“Like most decent towns, there’s a shortage of property supply - there’s been limited development which has created pent-up demand. It’s only now that people are realising that property is good value and that they are paying more on rent than they would on a mortgage,” explains John.

“I recently mortgage approved a house for €40,000, not in Nenagh town, but in the catchment area. You can buy a terraced house (two up, two down) for €50,000; they’re going to be small houses, on the street – but it’s affordable – and these come up quite regularly.”

With regard to new builds John says they’re a scarcer commodity. “You can spend up to €130,000 and again, there’s limited supply in that world; I know there were some sold recently for €120,000 – but they are no longer available. A three bedroom, semi detached will set you back between €130,000 to 140,000.”

Nenagh for families

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Nenagh is five miles from Lough Derg and Dromineer is one of the nearest spots to the town if you fancy a bit of sailing or fishing on the lake, and there’s Castle Lough if you’re a fan of walking.

Apart from all the natural amenities nearby, Nenagh is also home to over 40 clubs and societies which makes it ideal for families, according to John.

The societies include drama, history, bridge and a camera club. Sports include athletics, tennis, basketball, GAA, rugby, soccer and there’s boxing, body building, Taekwondo plus several leisure centres in the town. There’s a public swimming pool and a four-screen cinema, the Ormond Cineplex as well as gyms and several dance studios – so you’ll never run out of things to do!

“The first indoor athletic track in the country was opened in Nenagh which also has a swimming pool, town park, golf course and there are drama groups, choirs, a town band, whatever you might be interested in as a hobby!”

There are three secondary and three national schools in the town including a gaelscoil and there are plenty more primary schools within a three-mile radius of Nenagh.

Nenagh for first-time buyers

“Due to the price of houses and availability of jobs, and the fact that Nenagh is commutable to so many large centres of employment including Limerick, Galway and even Dublin, means that it’s definitely an option for first-time buyers,” says John.

“Self build is very popular around here and EBS is particularly strong in this market. Some banks are quite restrictive in terms of the amount of money that you need to have saved for a self build but EBS is more accommodating.”

Employment in Nenagh

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There’s plenty of employment in this north Tipperary town including the Arrabawn Co-Operative Creamery (which has about 700 employees), Revenue Commissioners, Tipperary County Council and Abbey Machinery, a third-generation business run by the Kavanagh family, on 30 acres of land outside the town.

In addition, there’s Proctor & Gamble and Carey Glass, another family business established by three brothers in the mid-1960s which remains a significant employer in the town.

There are local HSE offices and medical services including an ambulance service and dental hospital which are big employers plus Nenagh hospital which has been threatened with closure, but the people of north Tipperary have fought hard to keep it open. There’s also the Stream Industrial Estate which has between ten to 12 units, plus the NCT Centre at Lisbunny and yet another family business, Banaghans, formerly based in Cloughjordan.

US company First Data, is due to open a research and development hub in Nenagh in 2017 initially employing 200 people with a plan to expand that to 300 employees.

Nenagh for commuters

Nenagh is commutable by train to Limerick and Dublin and the M7 motorway to Limerick means you can be in the city within 30 minutes. You can reach Castletroy Industrial Estate and University of Limerick, both on the Nenagh side of the city within 20-25 minutes.

Nenagh is a strong and vibrant town in its own right, according to John, and convenient for the Limerick commute, with Dell and Vistacon located in the city as well as many other companies.

Thinking of buying a house in Nenagh?

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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 John or one of the team in EBS Nenagh. 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. 

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Talbot Auctioneers Limited, trading as Sherry Fitzgerald Talbot

Sherry Fitzgerald Talbot 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.

Prices taken from Daft.ie and Myhome.ie accessed May 2016.

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

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