House in Limerick Auction Demands €50,000 Cash Due to Pyrite Risk

URGENT UPDATE: A house in Limerick’s city centre is set for online auction on September 4, 2025, with a starting bid of €50,000—but buyers are required to pay in cash upfront. The alarming reason? The property has been confirmed to contain pyrite in its building materials, a decision by auctioneer youbid.ie highlights.

Properties affected by pyrite face significant structural risks, including pyrite heave, which can lead to severe cracking in concrete floors and lateral movement of walls. According to the Pyrite Resolutions Board, this can result in expensive repairs, making it essential for prospective buyers to approach with caution.

Despite the risks, the location of this property is enticing, situated conveniently near major roads and motorways in Limerick City Centre. It is marketed as a “fixer-upper,” offering a potential investment opportunity for cash buyers willing to undertake renovations.

The property spans 113 sq.m (approximately 1,216 sq.ft) and is built on a small plot of 0.026 acres. The accommodation includes a hall, sitting room, kitchen/dining area, four bedrooms—one of which is en-suite—and a main bathroom. A private enclosed garden is located at the rear, complete with a small patio area.

The listing warns, “Please note we have not tested any apparatus, fixtures, fittings, or services,” urging interested buyers to conduct their own investigations into the property’s condition.

Real estate experts at Daft.ie note that while the building materials pose a challenge, the potential for investment remains significant. The auction is expected to attract attention from cash buyers looking for opportunities in a prime location.

This development is particularly crucial for those involved in the housing market, as the implications of purchasing a property with pyrite can lead to daunting financial consequences. As the auction date approaches, all eyes will be on how much interest this property generates and the final outcome of the bidding process.

Stay tuned for more updates on this developing story as it unfolds.