Intense bidding from homebuyers and investors drives up property prices

Rockbarton, Salthill SOLD €660,000
Rockbarton, Salthill SOLD €660,000

The majority of the catalogue was sold at the latest O’Donnellan & Joyce auction last weekend, with the highlight being a large detached house in Salthill, which went under the hammer for €660,000.

According to the selling agents, more than 90% of the 39 lots were sold on the day.

No 34 Rockbarton Road in Salthill, is a detached four-bed property in need of some refurbishment, which attracted a huge number of people to open viewings. Bidding opened at €550,000, with three bidders in the room – after twelve bids in increments of €10,000 the hammer dropped at €660,000 to a delighted buyer. The Advised Minimum Value was €580,000.

No 13 New Street West in the city, is a two-bed mid-terrace house which attracted four bidders. Bidding opened at €140,000 (AMV €150,000), and it sold for €189,000.

No 70 Duirling, Roscam on the east side of the city, is a two-bed terraced house in turn-key condition. Bidding opened at €190,000 (AMV €200,000), and after five bids from two bidders, the gavel came down at €210,000.

No 48 Gort Gréine, Rahoon is a three-bed semi on the west side of the city which boasts a large rear garden and private parking. Bidding opened at €200,000 (AMV €205,000) and after nine bids, it sold for €230,000.

No 6 Brú na Mara, Fort Lorenzo, Galway is a four-bed end of terrace property which was very popular in open viewings, with interest from homebuyers and investors. Bidding began at €230,000 and it sold for €277,000. The AMV was €250,000.

12 Gentian Villas in Knocknacarra is a two-bed apartment which was sold in immaculate condition at its AMV of €200,000.

For more, read this week’s Connacht Tribune.