Sunday 4 December 2016

Low price guides to woo first-time buyers

Published 09/04/2010 | 05:00

First-time buyers will get their chance to cut their teeth at auction bidding during the Real Estate Alliance auction on April 30. As many as 24 residential properties from around the country are priced below €250,000 mark -- an affordable price point for many first timers.

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The cheapest house is a two-bedroom detached house on its own site, Kilimore, The Neale, Ballinrobe, Co Mayo.

Carthy REA is guiding €80,000 for the two-storey country house which is in good condition and it has plenty of room for an extension.

Of the five Dublin residential properties going for auction, the cheapest house is a three-bedroom mid-terrace at 151 Cherrywood Park, Clondalkin which is quoting €170,000.

A one-bedroom apartment, 35 The Old Rectory, Lucan, Co Dublin, is guiding €199,000. It is located in a private development on the banks of the River Liffey, just a short walk from Lucan Village.

Meanwhile, a large detached family home in Co Leitrim appears to offer very good value for just €200,000. With an address at Mohill Road, Drumsna, Carrick-on-Shannon, its accommodation includes a livingroom, diningroom, large kitchen with a dining area, a utility room and four bedrooms, one of which is en suite.

It is in good condition throughout. Also included with the property is a large double detached garage with storeroom.

Its value looks especially keen when compared with the €250,000 AMV being quoted for a three-bedroom apartment at the Ha-penny Bridge House in Dublin city centre.

Then again the latest Daft report says that the asking prices for three-bedroom homes in Dublin City centre currently average €335,000.

For adventurous people who would also like a home which can pay towards its mortgage, an island home in Co Donegal might be worth considering.

Teach Johnny is a five- bedroom house which could accommodate guests on Inisbofin in the Gaeltacht which benefits from both Irish language and activity tourism. Only two miles from the mainland, it is a 10-minute boat trip from Magheroarty Pier, near Gortahork, and four miles from Falcarragh.

The two-storey house has been restored and its accommodation includes a kitchen, wash room, livingroom, porch, kitchen diner and en suite bedroom at ground level as well as four upstairs bedrooms.

Its agent McElhinney REA, is guiding €250,000.

In North Leinster a four- bedroom detached bungalow, Liscarton Lodge, Liscarton, Kells Road, Navan, is guiding €199,000. As well as a livingroom it also has a spacious open-plan dining and kitchen area.

Further details from www.realestatealliance.ie

Irish Independent

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