Dungarvan Gardai are currently investigating the circumstances of an arson incident in the early hours of the morning.
Gardai confirmed to WLR that they were alerted to a loud bang in the Childers Estate at approximately 2.00am.
Fire alarms began to sound in the unoccupied property, and the scene is currently being preserved for a technical examination.
It is believed that the property in question is owned by Waterford City & County Council and had been earmarked for occupation in the coming weeks.
Door to door enquiries are currently being carried out by Gardai, who say investigations are currently ongoing.
Anyone with any information is asked to contact Dungarvan Garda Station at 058 48600.
Waterford Council have been contacted for comment.