| 8.5°C Dublin

€1.7m semi is top auction this year -- but down 63pc on peak

The top price at auction so far this year was achieved when a semi-detached house in sought-after Dublin 4 sold yesterday for €1,705,000.

However, the price achieved for 39 Park Avenue in Sandymount, Dublin 4 -- a Victorian-style semi with a south facing garden -- was 63pc down on when the property market was at its peak, when similar properties were achieving around €4.5m.

It brings to more than €5.4m. the value of auction properties sold in the last nine days. The sales encompassed 13 properties from Galway to Dublin and started as low as €102,000.

Agents Lisney had quoted an Advised Minimum Value (AMV) of €1.75m for the Park Avenue property which was being sold in an executor sale.

The 225 sq m red brick has four bedrooms and a garage to the side.

On Wednesday the late Taoiseach Garret FitzGerald's former home at 75 Eglinton Road sold for €1.3m.

On Monday, Gordon Elliott, trainer of the 2007 Grand National winning Silver Birch, paid €910,000 at auction for a Co Meath farm which he plans to convert into stables.

He was the successful bidder of Cullentra House, Longwood, a residential farm with a five-bedroom house, three reception rooms and 78 acres.

Auctioneer Tom Potterton of TE Potterton Real Estate Alliance, had been guiding between €700,000 and €750,000 for the property and bidding started at €600,000.

The property appealed to the trainer because of its hill which is similar to the lead-up to the winning post at Cheltenham.

Two other Leinster properties also went to auction yesterday. One of them sold after auction when the bidding petered out at €262,000. Agents Smith Harrington had been guiding €300,000 for the 10- acre property with a three bedroom stone house at Garlow Cross, Lismullen, Co Meath.

The other, known as The Anchorage at Church St, Howth, Co Dublin failed to attract a bid. The five-bedroom house on 0.38 acre site overlooking Howth village and harbour had a €995,000 AMV. Lisney is now quoting €895,000.

Irish Independent