Property
Investors out in force as block of 17 apartments in Spiddal sells for over €1m
A property auction held in Galway at the weekend achieved more than €5.3 million in sales.
The highlight of the O’Donnellan & Joyce catalogue was a block of 17 apartments in Spiddal, which went under the hammer for €1,005,000 – more than double its Advised Minimum Value of €440,000.
The one- and two-bed apartments at Bruach na hAbhainn are in the centre of the village and are described as being in ‘turn-key’ condition. Five of the apartments are rented, while the rest are vacant. There were a total of 110 bids on the apartment block.
At Frenchpark in Oranmore, auctioneer Colm O’Donnellan described four apartments – being sold as one lot – as being “an ideal investment opportunity for one lucky bidder”. Two of the apartments are rented.
“Value for money was evident across all lots, with notable interest in Galway City and county as well as counties Mayo, Roscommon and Limerick,” said Mr O’Donnellan.
In the heart of Galway City, there was strong interest in a property located directly across from the main NUI Galway campus, 19 Presentation Road, a four-bed semi-detached property with “guaranteed rental potential” sold for €230,000.
A two-bed terraced home in the city centre at Court Avenue, Woodquay, received considerable interest, with the hammer finally falling at €130,000.
No 63 Foster Court, a semi-detached property, prompted an intense bidding war and eventually sold for €335,000.
“Bidders were clearly enticed by its potential as either a family home or a guaranteed rental opportunity,” said Mr O’Donnellan.
The suburb of Renmore proved its status of one of Galway’s most sought-after addresses, with 212 Lurgan Park, a lovely three-bed semi close to GMIT and Merlin Park hospital, selling for €190,000. 78 Dun na Mara, an 3/4-bed property finally sold for €277,000.
Two apartments in Gleann na Rí – just minutes from the GMIT campus – sold for €86,000 and €80,000. In the neighbouring suburb of Doughiska, 73 Fearann Rí, a four-bed semi, sold for €106,000.
No 37 Ardcronan in Balla, Co. Mayo – 15km outside of Castlebar – a three-bed semi, was bought for €62,000.
In Roscommon, 33 acres of agricultural land at Carrandoe Bridge, was sold for 52,000.
In the Limerick city suburb of Raheen, a modern four-bed apartment with tenant in place was sold for €90,000.
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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