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Year-end auction achieves €2.2m in property sales

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St Helen’s Street, Galway - SOLD €270,000

More than €2.2 million worth of property was sold in the final auction of the year in Galway.

A three-bed semi-detached house in Ballybane, which is in need of extensive renovation, sold for more than double its Advised Minimum Value at the O’Donnellan & Joyce auction on Friday.

The house at 5 Rockland Avenue had a price tag of €55,000, and bidding began at €50,000.

Auctioneer Colm O’Donnellan described it as suitable for the DIY enthusiast, being in need of modernisation and refurbishment.

“The property would provide a quality investment, as it is within walking distance of GMIT – students will be knocking your door down,” he told would-be bidders in The Harbour Hotel.

Very quickly, two bidders pushed the price up considerably, with the gavel hitting coming down at €114,000.

There were also impressive prices achieved at other city properties, including 23 St Helen’s Street, also a three-bed semi but located in the city centre, which had an AMV of €220,000. Bidding started at €200,000.

“That was the highlight of the day – we were anticipating a price of €220,000, but it went at €270,000, which was a good price for this property as it needed extensive refurbishment and modernisation,” Mr O’Donnellan said afterwards.

A two-bed apartment at Emerson Avenue in Salthill, also proved popular. Bidding started at €140,000, and the property sold for €162,000. A studio apartment in Nun’s Island in the city centre sold to a phone bidder for €90,000 – €2,000 above its AMV.

Four retail units at Doughiska had an AMV of €640,000, and sold for €650,000.

For more, read this week’s Connacht Tribune.

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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€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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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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