With reports that property prices have turned the corner in Galway city centre with increases of up to 15 per cent reported in some parts of the city, property on the market at an AMV of €60,000, such as one house being offered at Colleran auctioneers’ next auction, may soon be a thing of the past.
No 4 Grealishtown, Bohermore, is located opposite the graveyard on the main access road into the city, and is only 10 minutes from Eyre Square. Formerly a three bedroom terraced house, the property has been boarded up for a number of years and is not for the faint hearted as it is in need of total redevelopment, but because of its location and an AMV of only €60,000 it will prove a very attractive investment for developers and speculators. One of the attractions of No 4 Grealishtown is its large 80 ft back garden which offers obvious potential for development, subject to planning. Open viewing of No 4 Grealishtown will commence this Saturday from 12.15pm to 12.45pm.
If redevelopment sounds like too much work but you still want a city centre property for investment or to call home, then No 23 Waterlane, which is also up for auction with Colleran’s on December 5, may prove of more interest. This two/three bedroom end of terrace house is tucked away at the end of Waterlane on an elevated site overlooking a large green area and only a five minute stroll from Eyre Square. In need of some cosmetic attention, it has benefited from the installation of double glazed windows and oil fired central heating.
Accommodation includes entrance hall, sitting room with solid fuel stove, kitchen/dining room with oil fired range, downstairs toilet, shower, and whb. On the first floor there are two bedrooms and a bathroom, and the attic has been converted for storage/third bedroom. As Waterlane is end of terrace it has the added benefit of a side entrance to a small yard and shed. Whether you are looking for a city centre home, a gilt edged investment, a home for your children while in college, or a holiday home for yourself, Waterlane ticks all the boxes due to its unrivalled location. Open viewing will commence this Saturday from 1pm to 2pm and every Saturday until the auction on December 5.
For further details contact Colleran auctioneers at 091 562293.