Boom to bargain? House bought for €3.3m back on market for €395k

A house bought for €3.3m in a bidding battle at the height of the property boom is back on the market for €395,000.

Situated on 2.32 acres of land on Clonminch Rd in Tullamore, Co Offaly, the five-bedroom, 4,080sq ft house was brought in 2006 by developers intent on building a 60-bed nursing home.

Property Partners Richard Cleary in Tullamore, the selling agents appointed by the receiver, Colliers International, have advertised the house for €395,000 — an 87% reduction on the sale price.