Countrywide auction heats up
Published 26/03/2010 | 05:00
Prices at substantial discounts to market peaks are being quoted for the first four residential properties which have signed up for Real Estate Alliance's bumper auction of nationwide properties on April 30.
The four are a Kilkenny period house on 12 acres, a four-bedroom bungalow on 0.6 acres near Blessington Lakes, a Tralee apartment with €202,000 tax incentives and a three-bedroom terraced house in Navan.
The Kilkenny period property is Mill House, Mill Road, just a few hundred yards from Gowran village, racecourse and golf course. When it was brought to the market two years ago it was asking €950,000.
Now the agent Boyd's REA (056 7764833) is quoting an advised minimum value (AMV) of €500,000. Its 305sqm of accommodation includes four bedrooms of which the master is en suite.
At ground level there are three reception rooms, a large country-style kitchen with island unit and a shower room.
While most of the 12 acres is woodland, they also accommodate stables, a paddock, a workshop and old buildings with road frontage which could be developed into houses.
The Blessington property, Clematis House, has had its guide price slashed from the €900,000 to €385,000. Sitting on an 0.6 acre site in Humpreystown, it is within walking distance of Tulfarris Golf and Country Club and commuting distance of Dublin city, Citywest and Tallaght.
Its 180sqm of accommodation includes a lounge, formal dining area, a living room and a study.
A fully fitted kitchen benefits from a Stanley cooker and a utility area complements its workspace.
Sleeping accommodation comprises four double bedrooms while the master bedroom is en suite. An adjoining double garage could be converted.
Its agent, Murphy Real Estate Alliance, 045 851652, is hosting an open viewing this Sunday at 2pm.
Investors in search of tax relief may be attracted by a four-bedroom student apartment, W4 Kings Court, Manor West, Tralee, Co Kerry. It has an AMV of only €150,000 but investors with rental income can recoup well over half of the price by claiming its Section 50 tax relief of about €202,000.
The new owner will also receive rental income twice yearly from students attending Tralee Institute of Technology.
The buyer can also stay in the complex during the holiday period at a discounted rent. Its 84sqm of accommodation includes four bedrooms, all en suite, as well as dining/living area. The agent is North's REA, 066 7122699.
The end-of-terrace house in Navan, Co Meath, has a €95,000 AMV. Located in the town centre, No 1 St Patrick's Terrace could appeal to investors who enjoy upgrading properties.
Alternatively its large rear garden with pedestrian access could appeal to families and animal lovers.
Extending to 83.6sqm, its accommodation comprises livingroom, kitchen, bathroom and three bedrooms. Its agent is T & J Gavigan REA, 046 9023232.
Full details on these and the other properties going for auction will be up on www.realestatealliance.ie from next Tuesday, March 30.