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€5m of house sales at all-day auction

Enda Cunningham

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A house in Monivea which was bought by a couple living in a mobile home for three years so they could save for it.

More than €5 million in property sales were recorded at Friday’s all-day O’Donnellan & Joyce auction.

And one of the happiest purchasers of the day was a couple who had been living in a mobile home for the past three years, hoping to buy their dream home in Monivea.

In Galway City, there was strong interest reported in properties with central locations, while investors chased homes close to NUI Galway.

Auctioneer Colm O’Donnellan said: “In Galway City, there were some tremendous results, particularly for properties very centrally located, such as close to NUI Galway. One at Mill Street, a four-bed semi, sold for €404,000.

“Investors were out in force. Anything close to NUIG got huge interest.

“The star performer of the day was a house in Loughrea with great style and character which had tremendous bidding and sold for in excess of €400,000, nearly €200,000 more than anticipated,” said Mr O’Donnellan.

Holiday homes in some of the West of Ireland’s most scenic destinations also attracted very competitive bidding.

There was a bidding war between four people for the lovely Beach Cottage, a four-bed bungalow in Ballyconneely, and the gavel fell at €328,000.

There was “fiercely competitive bidding” amongst investors for properties in the Newcastle area. A five-bed detached house at 10a Newcastle Road sold for €270,000.

Close by at 20 Inchagoill Road, another five-bed detached sold for €375,000.

“Both properties are ideal as family homes, and for investors they present virtually instant rental income such is the demand for rental properties in this area of Galway City,” said Mr O’Donnellan.

Connacht Tribune

Time and history conferred character on this home

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The Hermitage, Ballymoe: on the market with a €425,000 guide price.

The Hermitage at Lisnageeragh, Ballymoe is a property on which time and history has conferred a character that no new property could mirror.

Overlooking 16.3 acres of rolling green fields which are included in the sale, this is indeed a unique house and comes to market with charming well maintained stone buildings. These could provide further family accommodation, holiday rentals or craft studios.

The front hall has a beautiful, curved window and leads to two reception rooms on either side of the house. The sitting room has an open fireplace with a black cast iron surround and wooden floors which gleam from years of care and reflect the light coming from two large windows. To the right-hand side, the dining room also has an attractive bay window and an oil-fired stove and it is indeed the perfect social /entertaining space.

To the rear of the house the kitchen is a classic example of a successful marriage of the old and the new. Bespoke shaker style units combine perfectly with modern recessed lighting, attractive tiling and includes a pantry area to one side. A good-sized bedroom and adjacent bathroom complete the downstairs of the main house.

Upstairs there are four bedrooms one of which has an en suite shower. The main bedroom is a delightful space which leads to another small room, a perfect nursery or walk in wardrobe.

For more, read this week’s Connacht Tribune.

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Connacht Tribune

€4.5m worth of property sold during online event

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This detached house at Seacrest in Knocknacarra attracted a "staggering" level of interest.

More than €4.5 million worth of sales were recorded at the O’Donnellan & Joyce auction last week, where 350 people had pre-registered to bid on the 40 properties which went under the hammer.

80% of the properties sold during the auction or following negotiations immediately afterwards.

Among the properties sold at the auction were:

106 Seacrest, Knocknacarra, Galway. Guiding at €250,000 due to the extent of renovation and upgrade works required, the auctioneers were staggered at the level of interest in this 4-bed detached house.

Siobhra Hennessy, Senior Auction Co-Ordinator, said: “There is an increasing demand for city centre homes in need of repair. Couples want to put their own stamp on a property and often look for properties similar to this.”

Bidding commenced at €250,000 but quickly rose to over €350,000. After intense bidding from a number of internet and telephone bidders, the sale price of €364,000 was reached and the deal was done.

192 Bohermore, Galway. A 2-bed terraced house which attracted great attention, with many enquiries and bidders pre-registering. The house needs complete restoration and modernisation works but obviously appealed to a wide audience. It guided at €120,000, but sold for €179,000, despite the great amount of work required. Again, this is an example of a near-derelict building that offered great potential.

For more, read this week’s Connacht Tribune.

Connacht Tribune Digital Edition App

Download the Connacht Tribune Digital Edition App to access to Galway’s best-selling newspaper.

Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

Or purchase the Digital Edition for PC, Mac or Laptop from Pagesuite  HERE.

Get the Connacht Tribune Live app
The Connacht Tribune Live app is the home of everything that is happening in Galway City and county. It’s completely FREE and features all the latest news, sport and information on what’s on in your area. Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

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Connacht Tribune

Two renovated homes and outbuilding on 3.6 acres among auction properties

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An Pon Da Rosa, Rossmore, Woodford.

The Connacht Property Auction is now just four weeks away from its first summer auction which will be held on July 1.

The auction will offer properties from across Connacht, and there is continued demand from buyers for family homes and investments in Galway, Mayo, Roscommon, Leitrim and Sligo.

Shane May of The Connacht Property Auction said: “Demand for rental properties across Connacht in has led to rent price increases of almost 9% year-on-year, with many renters now been pushed to leave the renting market and purchasing their own home. Mortgage applications have also increased in the past few years and with number of buyers still outstripping the number if properties for sale, now is an excellent time to look at selling.”

The auction team has also noticed an increase in buyers looking to buy in commuter distance of the main cities and towns in Connacht, where there is often better value to be found.

An Pon Da Rosa, Rossmore, Woodford. Offered at bids over €295,000, there are two dwellings for sale in this holding, which is within walkin distance of Rossmore Quay and the majestic Lough Derg.

House 1 is a 4-bed extending to 160 sq m, which is a tastefully renovated stone farmhouse which was extended in 2000.

For more, read this week’s Connacht Tribune.

Connacht Tribune Digital Edition App

Download the Connacht Tribune Digital Edition App to access to Galway’s best-selling newspaper.

Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

Or purchase the Digital Edition for PC, Mac or Laptop from Pagesuite  HERE.

Get the Connacht Tribune Live app
The Connacht Tribune Live app is the home of everything that is happening in Galway City and county. It’s completely FREE and features all the latest news, sport and information on what’s on in your area. Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

 

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