Wednesday 21 August 2019

Leeson St premises sells over guide price at online auction

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Donal Buckley

Donal Buckley

A former multi-unit investment property in Dublin 6 was the highlight of Real Estate Alliance's online auction yesterday after it sold for €1.335m of €235,000 over its guide price.

Four other houses, including three in the midlands and one in Waterford, also sold in the auction.

The terraced Georgian property at 26 Upper Leeson Street, Dublin 4, had been rented out in five flats until recently. Extending to 305sq m (3,283sq ft) over three storeys and garden level, it comes with a former coach-house to the rear, which has vehicular access off Leeson Park. Although the main house was let in units, it was not categorised as a Pre-63 property.

Tara Byrne, of agents Byrne and Quirke, says that it has potential to be restored to a townhouse, a home with income or an investment property. Its sub-division did not interfere with many of its period features, most of which are intact. A courtyard-style rear garden extends to 20m and benefits from south-facing aspect. It was sold by an executor of an estate.

Three midland houses also sold in the auction, of which a four-bedroom detached house at 4 Rath na gCarraige, Ballycloughan, Co Longford, sold for its €145,000 AMV. Just 10km from Longford and within commuting distance of Athlone, Mullingar and Center Parcs, the house is in ready-to-move-in condition with 190sq m (2,055sq ft) of accommodation. Outside, there are gardens to the front, side and rear.

A four-bed semi-detached house at 51 Rossvale, Mountmellick Road, Portlaoise, Co Laois, sold for €123,000 - €23,000 over its AMV. Located in an established residential development, about 1km from Portlaoise town centre, the property requires refurbishment.

A two-storey three-bedroom semi-detached house, 5 The Glen, Kilnacourt, Portarlington, Co Laois, sold for €134,000, €34,000 over its AMV. Located in an established development, within walking distance of Portarlington town centre and all amenities, this property is also in need of renovation works.

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