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€9m worth of property set to go under the hammer

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Upper Newcastle Road - AMV €350,000

Around €9 million worth of residential and commercial properties are set to go under the hammer next month in the latest O’Donnellan & Joyce ‘Wild Atlantic Way’ auction.

Fifty properties in Galway and right along the Western seaboard will be put up for sale on Friday, June 17, at the all-day auction.

Among the properties on offer are:

3 Frenchville, Grattan Road, Claddagh. A two-storey semi-detached residence which was extended to the rear in the 1980s. The original house was a serviceman’s home constructed in the 1920s, and stands on a substantial site with unobstructed views of Galway Bay. The Advised Minimum Value is €375,000.

2 Walsh’s Terrace, Wood-quay, Galway. A mid-terrace house overlooking a green space and the River Corrib and backs onto the ‘The Plots’ green area to the rear.  It boasts a spacious interior and only minutes’ walk from bars, shops, and restaurants.  The AMV is €400,000.

‘Mount St. Francis’, 111 Upper Newcastle Road, Galway. A detached house with an incredible mature garden to the rear and a garage to the side situated in a high-profile site just off main Galway to Moycullen Road (N59) close to Dangan Business Park. The AMV is €350,000.

6 Snipe Lawn, Newcastle, Galway. Detached 4-bed house in a quiet cul-de-sac adjacent to UHG and NUIG. Less than 10 minutes’ walk to Eyre Square. Currently in use as a doctor’s surgery, who is moving to a purpose-built premises, this property can easily be converted back to a residential property. The AMV is €350,000.

Lake Road, Loughrea. Detached family home with 4/5 bedrooms overlooking the lake and just minutes from the town centre.  In excellent decorative order, with mature gardens and situated on a large site. The AMV is €295,000.

Tooreeney, Barna-Moycullen. Detached three-bed bungalow in excellent decorative order with a large attic conversion. Located on a beautiful elevated site in a sylvan setting, it is equidistant from Barna and Moycullen villages. The AMV is €330,000.

16 Costello Road, Shantalla, Galway. Located just off the main Newcastle Road, behind UHG, this is a fine 3-bed mid-terraced house with an extension to the rear and a shared side access, with access to a substantial rear garden. The AMV is €230,000.

57 Dun Aengus, Dock Street, Galway. A magnificent spacious city centre townhouse with three spacious bedrooms and plenty of light. The AMV is €250,000.

59 Henry Street, Galway. A 3-bedroom terraced house with an extension to the rear, it has been refurbished and is in excellent decorative order and sure to attract plenty of interest.  The AMV is €220,000.

50 Glenina Heights, Old Dublin Road, Galway. A large detached 4-bed house conveniently located adjacent to Bons Secours private hospital and close to GMIT, Merlin Park Hospital, Galway Clinic and the business parks at Ballybrit and Parkmore. The AMV is €215,000.

218 Tirellan Heights, Headford Road, Galway. A 3-bed semi-detached residence which would make an ideal owner occupier home or investment property. Comes with street parking, a good sized rear garden which is not overlooked and a side entrance. The AMV is €200,000.

12 McDermott Avenue, Mervue. A mid-terraced residence in mint condition and comes with manicured gardens. The AMV is €180,000.

20 Cuirt Na Rasaí, Ballybrit. A 2-bed ground floor apartment decorated to a very high standard. The AMV is €88,000.

‘Oakwood House’, Tuam Road, Galway. A large 3-bed semi-detached property, which was recently refurbished to a very high standard, including a new roof and windows. The AMV is €185,000.

Ballynahown, Furbo. Detached 4-bed bungalow immediately adjacent to Furbo Beach, which comes with detached garage, perfect for those who enjoy beach living and outdoor activities. The AMV is €250,000.

■ The auction takes place on Friday, June 17 in the Harbour Hotel, Galway. For further information, contact O’Donnellan & Joyce Auctioneers on 091 564212 or visit odj.ie

Connacht Tribune

Buyers expect house prices to fall by 10%

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Angela Keegan of MyHome.ie

More than one third of potential property purchasers expect prices to fall by over 10% in the coming year, according to a new survey from property website MyHome.ie.

The survey found that prospective homebuyers are still confident about their ability to buy despite the interruption to the market as a result of Covid-19.

It found that while 68% of potential buyers are planning to purchase a property within the next year, 37% expect property prices to fall by more than 10% in the next twelve months.

According to the survey, six out of ten respondents believe next year will represent a good time to buy property.

The survey of 1,981 people also found that 69% of respondents believe the Government could do more to help the property sector during Covid-19.

The virus is expected to have significant long-term effects, with 59% of respondents believing it will lead to more online processes in general to minimise unnecessary contact. Meanwhile, 21% believe it will lead to quicker sales processes in general.

When asked what factors would encourage them to buy a property now, 35% said more available housing stock; 33% said more overall confidence in the economy, and 33% also said an easing of mortgage lending rules.

Half of respondents (51%) believe online viewings and virtual tours are effective ways to view a property.

For more, read this week’s Connacht Tribune.

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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

Beautifully-finished four-bed home located in popular area

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The semi-detached property at Bluebell Woods.

This four-bed property in Oranmore is one of the few semi-detached houses in Bluebell Woods, a very popular estate off the Maree Road.

Number 45 has been beautifully maintained and comes to the market in excellent condition.

It offers 119 square metres (1,281 sq ft) of accommodation comprising entrance hallway, living room, kitchen/dining, utility, guest toilet, four bedrooms (master en suite) and the main bathroom.

To the right of the entrance hall is a well-proportioned living room which links to the kitchen and dining room through a single doorway. The living room features an open fireplace and large bay window.

The kitchen is generous in size with solid Maple cabinets and faces south with patio doors opening out to a sun-drenched garden – when the weather allows! Off the kitchen there is a utility and guest toilet.

The four bedrooms are at first floor level, along with the main bathroom. All four bedrooms are carpeted, each with fitted wardrobes and window dressings.

The master bedroom is en suite – this is fully tiled and has the convenience of an electric shower.

For more, read this week’s Connacht Tribune.

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

Auctioneers’ group concern over mortgage lending ‘ban’

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Pat Davitt, Chief Executive of IPAV

An auctioneers’ representative group has described the decision by AIB to halt mortgage lending to people who are in receipt of Covid-19 wage subsidies as “worrying”.

The IPAV, the Institute of Professional Auctioneers and Valuers, questioned the blanket nature of the ban.

Pat Davitt, Chief Executive of IPAV said: “While no one expects lenders to engage in irresponsible lending, blanket diktats are worrying because they are likely to impact many with good repayment prospects.

“In any event most consumers are responsible and will of themselves not want to take on debt if they don’t have the confidence that they will have the capacity to repay their mortgages.

“The current scenario is drastically different from the 2007 recession. Borrowers were able to negotiate 100pc mortgages, up to seven times salary on properties that were 40pc higher than today and we had 300,000 too many properties. Today we have 70 to 90pc mortgages, 3.5 times Loan To Income, cheaper property prices and at least 300,000 too few properties.”

 

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