Auction nets €6.5m worth of property transactions

Colm O’Donnellan of O'Donnellan & Joyce
Colm O’Donnellan of O'Donnellan & Joyce

Sales totalling more than €6.5 million were recorded at the O’Donnellan & Joyce summer auction held in Galway at the weekend.

The auction – which took more than six hours to get through the catalogue –  attracted more than 500 people.

Auctioneer Colm O’Donnellan told Tribune Property: “Galway City sales dominated the auction with phenomenal interest locally, nationally and also from overseas and a number of the properties achieved record sales prices.”

Among the properties sold were:

61 Riverdale, Oranmore. A two-bed first floor apartment with tenants in place. Bidding opened at the Advised Minimum Value of €120,000, and the hammer came down at €156,000.

10 Dunaras, Bishop O’Donnell Road, Galway. A four-bed duplex apartment in a student village with an AMV of €130,000. Bidding opened at €126,000 and it sold at €167,000.

31 Baily Point, Salthill. A 2-bed apartment on the fourth floor of the seafront development, which had an AMV of €140,000. There was one bid of €125,000 and it was withdrawn at that price. It sold afterwards at that price.

16 Raleigh Row, Galway. Two-bed mid-terrace townhouse which had an AMV of €198,000. Bidding opened at €200,000 and rose at a face pace in €5,000 increments. The hammer dropped at €242,000.

11 St Bridget’s Place Lower, Woodquay, Galway. A 3-bed owner-occupied property with an AMV of €275,000. Bidding opened at €250,000 and it sold at €336,000.

16 Rahoon Road, Shantalla, Galway. A 4-bed detached property presented in turn key condition with a large front garden providing off street parking and side access to the rear paved garden. Bidding opened at €320,000 and after 27 bids with two bidders at the end stages, the hammer dropped to tumultuous applause at €365,000, that’s €30,000 above the AMV.

6 New Avenue, Shantalla, Galway. A 3-bed mid-terrace house with an AMV of €200,000 and after 25 bids sold at €258,000.

For more, read this week’s Connacht Tribune.