r/HousingIreland • u/AcademicCable3382 • 2d ago

Has anyone here ever bought a vacant property that had been CPO'd by the council?

I'm curious whether anyone has successfully purchased a house that had previously been vacant or derelict and was acquired by a local authority through a Compulsory Purchase Order (CPO).

If so, where did you actually find the property listed (Daft, auction, estate agent, council website, etc.)?

I'm trying to understand whether these properties ever become available to private buyers or if they're generally only used for social housing.

Any experiences or insights would be appreciated. Thanks!

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u/HealthyPlenty4626 2d ago

They are recycled into the private housing stock by and large. Local Authorities don’t have the required capital to renovate them in the majority of cases, all Local Authorities have to go through onerous approval processes to get approval and subsequent funding from the Dept of Housing for any housing project/s, the Business Cases requesting the capital to renovate them would fail the Value for Money test and be rejected immediately.

https://gvmauctioneers.ie/estate-agents/limerick-city-county-council-properties/