More than €6.5 million worth of property was sold under the hammer by Galway-based auctioneers O’Donnellan & Joyce at the weekend.
Forty properties were sold at the auction, with a number more being sold immediately afterwards following negotiations.
The highlight of the all-day auction was a three-bed bungalow in Renmore, which sold for €300,000 – €100,000 over the Advised Minimum Value set prior to the auction.
Auctioneer Colm O’Donnellan said there were more than 500 people in attendance at the auction and he had not seen such a level of bidding on properties at the lower end of the market.
“I’ve never seen such vibrant bidding, particularly for the lower-priced properties. Not all were sold, but a number have been sold subsequently.
“In the afternoon, it was particularly Galway City properties which were being sold and there was huge interest in those in established areas like Renmore.
“A property there had an AMV of €200,000 and sold for well in excess of that, which was probably the highlight of the day,” said Mr O’Donnellan.
In all, there were sixty properties in the catalogue – from as far north as Donegal, down to Sligo, Mayo, Roscommon, Galway, the midwest and as far south as Dingle in Co Kerry.
“A full auction room from 10am saw the most competitive bidding amongst the lower priced property categories from €70,000 to €300,000, with an abundance of families and investors evident.
“Bidders were fewer, yet very competitive above this price bracket, with huge interest in family homes in some of Galway’s most sought after addresses of Salthill, Knocknacarra and the ever popular College Road just off Eyre Square, where exclusive homes are often described as homes for life,” said Mr O’Donnellan.
A unique city centre three-bed bungalow – with a mature garden and allotment – overlooking Lough Atalia within minutes’ walk of Eyre Square. This unique property at 106 College Road sold for €245,000 after very competitive bidding. The AMV was €200,000.
A family home close to NUI Galway, a five-bed detached home at 14 Dún Daingean in Newcastle sold for €380,000, €5,000 over its AMV.
In Knocknacarra, a five-bed detached home in Clybaun Heights sold for €352,000, well in excess of its €300,000 AMV.
With some investment, this property could be restored to use as a home
This large detached dormer style residence is set on a half-acre site of mature landscaped gardens at Cloonacauneen on the outskirts of the city.
The house is slightly elevated and enjoys excellent views over the surrounding countryside. Cloonacauneen is a quiet and settled country location just 7km from Eyre Square.
The property was most recently used as an office – it has been well cared for and maintained and will require some investment to reinstate all the residential facilities.
It provides spacious, bright rooms and extends to 205 sq m in total, which would accommodate 4-5 bedrooms, 2-3 reception rooms. Facilities include double glazed windows and oil-fired central heating.
The gardens have been planned and developed with mature shrub beds, hedge rows, lawn areas. Natural stone wall and entrance pillars at the front lead to an extensive tarmacadam parking area to side and rear. There are lawns to the front and rear and a large patio area at the rear.
Selling agent Rachel O’Dowd said: “This property offers a quality residence that gives new owners opportunity to model to their own needs, on a large mature site and in a very peaceful settled community setting, giving all the benefits of country living yet only minutes from Galway City.”
The asking price is €310,000. The BER Rating is C3. For further information or to arrange a virtual viewing, contact Sherry FitzGerald on 091 569123.
Another batch of homes to go under ‘virtual’ hammer with successful online auction house
I AM Sold Property Auctions, which runs The Connacht, Leinster, Munster and Northern Ireland Property Auctions have a number of upcoming online auctions, with the next Connacht Property Auction taking place on April 29.
According to the company, its online auctions have been in high demand over the past few months and offer buyers and sellers the chance to transact their properties without any need for usual travel and interactions needed with other sale processes.
Sales Manager Shane May said: “While current restrictions are preventing the industry from working to full capacity, we have seen a significant increase in the enquiry levels on this time last year prior to the pandemic. The first quarter of 2021 has been busy, both in terms of sales and enquiries, despite available properties being at their lowest level in over 10 years.
“Once lockdown restrictions were lifted last year, the pent-up demand was very evident with a surge of sales and closing from June to December. We are confident that this will again be the case once restrictions ease and with low stock and high demand, it is a surprisingly good time for property owners to sell their properties,” said Mr May.
The Connacht Property Auction are the only auction company who do not charge any upfront costs to enter a property into auction and with buyers spread across the province, the auction team are confident they can continue to get strong results.
Among the properties set to go under the virtual hammer are:
28 Rian Luachra, Ballybane, Galway. A three-bed semi with full planning permission for a second three-bed semi, offered at bids over €230,000 in partnership with REMAX Galway. No 28 is presented in excellent condition throughout having been well maintained by the current owner. The rear of the property boasts a sunny south-facing aspect with gated side access and large manicured lawns feature to the rear and side of the property. Rian Luachra is a wonderful family friendly estate located four minutes from Merlin Woods and five minutes from Ballyloughane Beach.
For more, read this week’s Connacht Tribune.
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Thatched cottage is a perfect base for exploring nature and cultural history
Farrell Auctioneers are handling the sale of a fabulous thatched cottage located at Attifneen, Gort.
This cottage is in close proximity to explore the Wild Atlantic Way, The Cliffs of Moher, the Aran Islands or relive history at Coole Park in the footsteps of poet WB Yeats and Lady Augusta Gregory.
The cottage is which is presented in excellent condition by the current owners and tastefully decorated in keeping with the traditional cottage style.
Accommodation includes entrance porch, kitchen, sitting room, bathroom, office, four bedrooms (one en suite) and a sauna. Externally, there are landscaped gardens with mature shrubs and trees, a secret garden, sauna and one bedroom chalet.
Selling agent Colm Farrell said: “We highly recommend viewing this picturesque beautiful property.”
The asking price is €285,000. For further information, contact Farrell Auctioneers on 091 632688 or visit colmfarrellproperty.com