Property
Galway property auction nets €3m
Almost €3 million worth of residential and commercial property was sold under the hammer in Galway last weekend.
The highlight of the O’Donnellan & Joyce auction was the sale of a four-bed semi in Glenard Crescent, Salthill – in need of extensive refurbishment – which sold for €472,000, almost 20% over its Advised Minimum Value.
In Furbo, a stunning six-bed detached house – designed by Hermann Peltz, one of the architects behind the Olympic Stadium in Munich – sold for €485,000.
In Clarinbridge, a large detached house in Stradbally North also attracted huge interest and sold for €340,000 – 15% over its guide price.
Auctioneer Colm O’Donnellan told Tribune Property: “We’re very pleased with the afternoon, considering the huge success of our 2014 auctions and the absence of Capital Gains Tax relief. Investors were still very evident in the auction room and hungry for the quality investment properties we had on offer in the city, all of which achieved excellent prices.
“The demand for quality family homes remains very high in Galway city and county due to the popularity of the location and the lack of building in recent years,” said Mr O’Donnellan.
Demand was huge for investment properties close to GMIT – a six-bed detached house in Heather Grove, Ballybane in need of refurbishment sold fold €137,000 after intense bidding. Its AMV was €125,000.
Investors were also out in force, bidding on a mixed-use development of retail, office and residential units located at ‘Dun Eibhir’ in Furbo. Bidding on this property was intense, with an opening bid of €370,000 and increasing in bids of €5,000 until it eventually sold for €430,000.
Investors were also presents for houses in Ballybane, 23 Bayview Rise, a four bed mid-terrace residence in need of refurbishment, had excellent interest. Bidding started at €60,000 and the auctioneer’s hammer fell at €96,000. 16 Clareview Park also attracted strong interest and sold for €118,000.
A two-bed apartment at Weighbridge House in Oughterard sold for €60,000; while a partially-completed house on 0.5 acres in Brockagh, Corofin sold for €70,000. A two bedroom apartment at 3 Aonach, Ballinasloe sold for €29,500.
There was a variety of land sold on the day including 50 acres of agricultural land in Barna, which sold for €100,000.
A site with full planning permission for six semis in Sliabh Carron, Ennis Road, Gort sold for €36,000.
15.3 acres at Parkroe, Craughwell sold for €135,000 and 16.5 acres of agricultural land in the beautiful area of Kilcornan, Clarinbridge sold for €180,000.
O’Donnellan and Joyce are handling the sale of a large four-bed detached property located in Shangort Park, Knocknacarra, in Galway.
Located just off Shangort Road, Number 11 was constructed in the early 2000s.
It is a small, quiet development comprised of a mixture or detached and semi-detached homes finished to the highest of standards and overlooking a large green area.
In terms of location, this property has all that one would require and is ideally located within a short walk of quality local schools such as Gaelscoil Mhic Ahmlaigh, Knocknacarra National School and Colaiste Na Coiribe.
An abundance of amenities include the Gateway Shopping Park (B&Q) and Tesco. There are a number of ample green spaces and playing fields close by such as McGrath’s Field, Cappagh Park and Millars Lane.
The property is also located just minutes from the stunning surroundings of Rusheen Bay and Rusheen Woods and the area also boasts a wealth of local amenities.
For more, read this week’s Connacht Tribune.
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Property firm iamsold, whose online bidding and auction platform is used by more 300 auctioneers across Ireland, is continuing to take entries for its 2023 auctions with the next dates scheduled for May 18, June 22 and July 20.
Shane May, Sales Manager for iamsold said: “Previous years have shown the May to July period is particularly strong for selling residential and commercial property. We have an excellent variety of properties currently on offer, and we are finding that there is an ongoing appetite for realistically priced property throughout the country. Our partner auctioneers have been kept busy as requests for viewings remain high.”
Among the properties for sale at the moment are:
Sky Road, Clifden. This is a two-bed property described as “character filled” set in a wonderful holiday location.
This is a traditional cottage which has been cleverly extended to retain its character with a modern living interior. The focal point is the extended living area with full and uninterrupted views over Kingstown Bay. The property is offered at bids over €525,000 and for sale by Sherry FitzGerald Mangan.
Main Street, Headford. Currently the property comprises two buildings, one of which was a public house, whilst the other was a private dwelling. Subject to planning, there is potential to extend to the rear of the property and create multiple units which could potentially provide 2 x 2 bed apartments, along with 3 x 1 bed apartments and could be eligible for the Vacant Property Refurbishment Grant, offering between €30,000 and €50,000 towards the renovations. The property is offered at bids over €145,000 and for sale by Michelle Burke Estate Agents.
For more information on the auction, call 091 882121 or visit iamsold.ie
DNG Martin O’Connor Land Sales are holding an online auction on May 11, where two lots of land in Letterfrack will go under the hammer.
The first lot is an opportunity to acquire a cottage with shed ruins on 4.34ha (10.72 acres) of top-quality land at Attirowerty. Enjoying incredible views in all direction, this land is one of the most outstanding opportunities to acquire a lovely holding of meticulously maintained farmland in the Connemara region in many years.
Bordering the Traheen River, the cottage – dating back to the 1800s – is a traditional stone built property under a galvanised roof laid out in two rooms with open fireplaces in each room. Across the yard there are the ruins of a large shed which could be renovated.
Looking south the cottage enjoys views of Ballinakill Bay, Tully Hill and Letter Hill to the west whilst to the north Diamond Hill and the Mweelrea mountains with many more hills of south Mayo are visible in the distance.
Fully enclosed by stonewalls and concrete post with wire fencing, the land laid out in three large sections provides excellent grazing with a cattle holding yard and cattle crush.
The land is suited for all types of livestock grazing with cattle farming been the main enterprise over the years on the holding. Due to its excellent order the land would be the perfect location for breeding Connemara ponies and also ideal for holding sheep due to its field system and good boundaries.
The property presents itself as an excellent proportion for those looking for a cottage hideaway that they can renovate to their own style in this scenic part of Ireland with a wonderful atmosphere surrounding it. The lands are ideally suited to existing landowners looking to expand or those looking to set up a small holding centrally located between Clifden and Letterfrack.
Lot 2, consisting of commonage lands in three sections at Attirowerty and Baunoge, amounts to 25.5 acres and is also for sale by online auction on the day.
For further information, contact DNG Martin O’Connor on 091 866708.
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