Family homes and investment properties in Galway City attract ‘tremendous interest’

Around €5 million worth of sales were recorded at this week’s O’Donnellan & Joyce ‘Wild Atlantic Way’ auction, where almost 60 properties went under the hammer.

Auctioneer Colm O’Donnellan said there was “tremendous interest” in properties, particularly those in Galway City.

“There was great value for buyers particularly outside town, but there is very strong interest in Galway city at the moment,” he said.

Highlights of the auction on Tuesday included a bungalow on Taylor’s Hill, which sold for €525,000 and a five-bed semi in Glenard Avenue, Salthill, which sold for €520,000.

Among the properties sold were:

St Isadore’s, The Nurseries, Taylor’s Hill. Three-bed bungalow on a private site, which had an Advised Minimum Value of €400,000. It had three bidders chasing it, and within five minutes, the price was brought to €525,000.

45 Dún Aengus, Dock Street, Galway. A spacious four-bed townhouse with two parking spaces and just a short walk from Quay Street. The AMV was €250,000, and the hammer fell at €350,000.

20 Glenard Avenue, Salthill. A five-bed (four en suites and a bath/wet room) semi presented in showhouse condition which had an AMV of €475,000. Two bidders battled for it, and the hammer dropped at €520,000.

15 Cruachán Park, Rahoon Road, Galway. A large five-bed semi-detached home close to Knocknacarra and Westside Shopping Centre. The AMV was €285,000 and it sold for €295,000.

3 Beach Avenue, Salthill. Two-bed semi-detached property located on Salthill’s ‘Golden Mile’, it had an AMV of €230,000 and sold for €10,000 below that.

32 Grattan Park, Salthill. A detached four-bed house just minutes from Salthill Promenade. Two couples vied for the house – which had an AMV of €450,000 – and it sold for €475,000.

16 Shantalla Place, Galway. A four-bed terraced property close to NUI Galway and UHG, which had an AMV of €295,000 and sold for €25,000 in excess of that figure.

51 Castlelawn Heights, Headford Road, Galway. A three-bed semi located 2km from UHG and NUIG which had an AMV of €198,000. Bidding opened at €190,000 and it finally sold at €246,000.

An tSean Chéibh, Kilronan, Inis Mór. The property came to the market in four lots with Lot 1 comprising the restaurant/takeaway with an AMV of €175,000.  Lot 2 a substantial development site neighbouring An tSean Cheibh with an AMV of €100,000 and Lot 3 a small cottage with an AMV of €25,000.  Lot no. 4 was a combination of Lots 1, 2 & 3 with an AMV of €300,000. The properties were offered individually and a price of €375,000 was achieved and then the combination of all three lots was offered together, where bidding increased dramatically with five interested parties (two overseas phone bidders) bid intensely in increments of €5,000 – it sold for €505,000.

For more, read this week’s Connacht Tribune.