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More than €27m in residential property sales recorded in fortnight

Enda Cunningham

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61A Upr Newcastle Rd, Galway

The new boom in Galway’s property market appears to be continuing unabated – sales on almost €27 million worth of residential properties were completed last month, up a massive 46%.

A total of 166 homes were registered as sold during the four weeks of February – up 45% on the same month last year.

An analysis of the Government’s Property Price Register the shows that a total of more than €26.85m worth of homes were recorded as officially sold during the month – up from €18.3m for February last year.

Continuing in this regular feature, this week, we provide details of the properties sold in the second two weeks of February.

A total of 62 were registered sold, with a value of €7.5m – that’s down slightly from a €9.2m value for the same period last year (53 properties).

The headline sale during the month was a total of 14 homes in Clifden – in one lot – sold for €840,000.

The houses at Racecourse Hill and Racecourse Lawns comprised 12 two-bed semi-detached bungalows and 2 three-bed two-storey semis.

Seven of the properties are currently renting for a combined total of around €43,400 per annum.

Another significant sale was a newly-built five-bed detached house – measuring more than 3,000 sq ft – on Newcastle Road in the city, which is located close to NUI Galway and University Hospital. The asking price was €620,000 and it sold for €560,000.

In this regular feature, Tribune Property publishes property sales figures for the city and county using data scraped from the Property Price Register, and modified to include (where available) a brief description of the property and the initial asking price.

In a small number of transactions included in the Register, the price shown does not represent the full market price of the property concerned for a variety of reasons. All such properties are marked with asterisks.

In a very small number of cases, properties may be declared as purchased in exchange for other property, stocks and shares, etc. If the property is a new property, the price shown is exclusive of VAT at 13.5%

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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