Derelict bungalow sold for €60,000
Published 01/04/2014 | 05:34
A DERELICT bungalow in Courtown Harbour sold at auction for €60,000.
Auctioneer James Kinsella of Sherry Fitzgerald O'Leary Kinsella in Gorey said that the advised minimum value was €30,000, and there was very strong interest from the outset.
'Our auction room was packed to capacity with standing room only for the late arrivals, which bodes well for the future of the residential property market in the area,' he said. 'We had seven different bidders on the day; interestingly they were mainly builders who saw an opportunity to develop the property.'
Bidding opened at €25,000 and moved forward swiftly to €58,000 at which point the property was declared on the market, and the hammer then fell at €60,000.