Galway auction rooms set busy bidding pace
Galway is one of the most active counties when it comes to auctions.
Today O'Donnell and Joyce are auctioning nine properties in the latest of a series of auctions that they have been hosting since last year. On June 17, Property Partners Maxwell Heaslip & Leonard will host its second auction of the year, when five properties featured in this article will be up for sale. "We had a very successful spring auction and sold three properties on the floor and another two after the auction," says auctioneer James Heaslip.
"It's not so much a case of the market coming back, but rather an acceptance by sellers that pricing is the key to successful selling. In order to sell at auction, properties must be priced keenly. Our recent results show this is the case and as long as a property offers good value, it will sell.
"First-time buyers are now able to bid at auctions for decent sized four-bed family homes in good locations. In previous times, these homes would definitely have been very good trader-up homes," says Heaslip.
For vendors, auctions always hold an added attraction. "Potential buyers already have their finance approved and all due diligence has been carried out prior to the auction," he says. He also acknowledges a lot of buyers feel intimidated about bidding at an auction.
"Traditionally auction properties tended to be the more expensive homes that buyers traded up to, but now we are seeing more and more first-time buyers at the auctions."
The Property Partners Maxwell Heaslip & Leonard auction on June 17 will offer properties to suit a variety of buyers and budgets and strong interest is expected.
1. The first property under the hammer is 8, Ard Na Mara in Salthill, which has an AMV of €245,000.
Located in a quiet cul-de-sac in this established residential development close to the sea and the city-centre, number eight is a large semi-detached four-bed with an attached garage. With a floor area of 121sqm, accommodation includes a hall, living room, dining room, kitchen/breakfast room, utility area and WC, along with four bedrooms and a bathroom upstairs. The house has a large rear garden and while it is well maintained the property needs some modernisation.
2. Next up is a three-bed bungalow in Greenhills, just beyond Spiddal village.
This property is being offered to the market in two separate lots. The detached bungalow, with a garage, of 93sqm on approximately 0.35 acres, over looking Galway Bay has an AMV of €150,000. The second lot comprises nine acres of mixed parcels of land in the immediate vicinity. The property requires some modernisation.
3. Number 22 Whitestrand Park
The third property up for sale at auction this comprises a spacious semi-detached home located between Salthill and the Galway city centre.
With an AMV of €315,000, this is a good-sized family home which has been very well maintained.
The property includes a hall, living room, lounge, kitchen, sun-room, four bedrooms and a bathroom. The south-facing garden is well planted and overlooks an open space.
4. The fourth property, Cooke's Cottage on the Kingston Road, near the junction of Knocknacarra Cross,
Traditional in style, this extended home, with a floor area of 149sqm, is deceptively spacious and has five bedrooms, three reception rooms and two bathrooms.
It is not far from Salthill promenade, schools, shops and amenities,the property, which lies on a 0.12 acre site, has a west facing garden. The AMV on the property is €265,000.
5. 14 New Road period townhouse right in the heart of Galway's city.
Recently refurbished and extended, 14, New Road is in walk-in condition, is a charming mid-terrace home and is the ultimate city pad. It comes with an AMV of €220,000. Accommodation includes two reception rooms, three bedrooms and a bathroom.
The interior is beautifully designed and this home exudes good taste from tip to toe. Double doors open out from the rear into a well maintained and aesthetically pleasing garden, which also has a shed.
Contact Property Partners Maxwell Heaslip & Leonard at 091 565261