Buyers from outside Galway keen to snap up investment properties

There has also been an “overwhelming” response from potential investors in properties which will go for auction later this month.

More than 50 properties will be going under the hammer on July 24, and auctioneer Colm O’Donnellan told Tribune Property he is expecting interest from overseas in a number of properties in the catalogue.

“We have incredible diversity and value in this summer auction sale with over 50 properties. A substantial amount of them are throughout Galway City, including desirable locations like Devon Park, Merlin Park, Newcastle, Tirellan Heights and a large variety of city centre apartments.

“There are a number in the Salthill area with panoramic views of Galway Bay and the surrounding coastline.

“It will have incredible value, diversity and some very exceptional properties which will create excellent interest, which we anticipate from both home and abroad,” said Mr O’Donnellan.

Anne Harding, auction co-ordinator, said she has been overwhelmed by the reaction.

“It’s been particularly big from investors outside Galway looking to acquire residential investments within close proximity to the university and the city centre, of which there are a number going into the July auction.

“Buyers are looking to acquire properties around Galway city where you are guaranteed to get a strong rental income and future growth,” said Ms Harding.

Here is a selection of some of the properties going under the auction hammer in the Galway area:

11 Woodhaven, Merlin Park. This is a superbly located seven bedroom detached residence with three en suites. It needs extensive refurbishment. There is parking to the front for four cars and large rear yard and side entrance. The Advised Minimum Value is €360,000.

78 Gleann Dara, Bishop O’Donnell Road, Galway. A fine four-bed semi-detached property within close proximity to NUI Galway and University Hospital Galway. The rear garden not overlooked. The property being sold fully furnished. The AMV is €150,000.

1 Arasain na Mara, Salthill. Superbly located three-bed ground floor apartment (791 sq ft) with breathtaking views of Galway Bay. The AMV is €145,000.

14 Arasain na Mara, Salthill. Spacious one-bed second floor apartment (457 sq ft) with sea views and private parking. The AMV is €110,000.