Bumper Galway homes auction
Published 10/09/2010 | 05:00
House auctions look set to be more active in the regions than in the capital during the forthcoming autumn buying season.
Galway agent O'Donnellan & Joyce plans to hold what it bills as the largest auction of executor property in the country when it plans to auction 10 houses on September 24, eight of them executor sales.
However this claim may well be challenged when the Real Estate Alliance network of agents around the country hosts its second bumper property auction in November.
O'Donnellan & Joyce's houses range in guide price from €140,000 to €450,000. In the first half of the year the Galway agents auctioned 20 properties at a number of auctions and 10 houses sold in the room and six immediately afterwards.
Auctioneer Colm O'Donnellan says that on average the sales price was about 10% over or under the Advised Minimum Value (AMV).
The cheapest house included in this month's auction will be 29 St. Nicholas Road, Claddagh which has an AMV of €140,000. It comprises three bedrooms with large garden, is in need of extensive refurbishment.
The highest AMV is the €450,000 guided for 'Dunsinane', Corcullen, Co. Galway, which is one of two properties included in the auction which are not executor sales.
Dunsinane is a secluded five bedroom family home on an attractive site, four miles from Galway City and minutes from Moycullen Village.
The next highest AMV is the €400,000 guided for 44 Grattan Park, Salthill, a detached residence in a traffic free cul-de-sac just off Salthill Promenade.
On the day 'Ard Aoibhinn', St. Bridget's Place, just off Eyre Square, will be the second property auctioned. It has a €180,000 AMV and comprises a four bedroom detached residence and a flat to the side, as well as a large front garden.
The third property to be auctioned will be 29, Upper Fairhill Road, Claddagh and it has an AMV of €250,000. The accommodation comprises three large bedrooms and the property has been refurbished in recent years.
Another house featured in the auction is 8 Walshs Terrace, Woodquay and its AMV is €320,000.
This property is probably the best located of all the properties, situated in the very heart of Woodquay in a high profile corner.
It is suitable as a large family home or could be converted for commercial purposes. It contains six large bedrooms
The fifth property to be auctioned will be 17 Lower Newcastle Road with an AMV of €350,000.
Mr O'Donnellan jokes that a buyer will get a university degree with this terraced property, such is its closeness to NUI Galway.
Unobstructed views overlooking the local Canal are available at 2 Canal Court, which is located within two minutes walk of NUIG and 400m of the city centre. It is a modern style three bedroom town-house and its AMV is €380,000.
The eight property to be auctioned will be 36 Upper Newcastle Road, a terraced residence with commercial potential, which is located on a high profile site and comes with a 130ft rear garden adjacent to NUIG. Its AMV is €350,000.
A Claddagh house, 1 South Park Terrace, comprises three large bedrooms and stands on a large double site. Quoting an AMV of €250,000, it enjoys unobstructed views overlooking Galway Bay, the surrounding coastline and Salthill Promenade.
Mr O'Donnellan says all executors and clients are anxious to sell properties, and dispose of the assets, so they are priced to sell
Contact O'Donnellan & Joyce 091 564212