DNG Maxwell Heaslip & Leonard set new standards at April auction

Progressive Galway estate agency DNG Maxwell Heaslip & Leonard is continuing to lead the way in the west of Ireland auction market, with its much anticipated April auctions in the Radisson last Friday yielding some seriously impressive results. Offering the usual eclectic mix of properties, the Francis Street firm brought eight quality lots to the auction floor, selling seven of the lots, with the remaining property currently under offer.

While the team at DNG Maxwell Heaslip & Leonard are no strangers to success on the auction floor, it was the outstanding prices they achieved which left a packed auction room in the Radisson Hotel hugely impressed. From the first lot, the bidding throughout the afternoon was hot and heavy and continued right till the last of the eight lots.

Lot number one saw No 4 Lismoyle House, a two bedroom apartment on Augustine Street in the city centre, start the proceedings. Being offered to the market with a guide price of €120,000, the bidding opened quickly at €120,000 and 20 minutes and 53 bids later, auctioneer James Heaslip let the gavel fall at €202,000.

The second lot was semidetached house, No 6 St Helens Street, on the west side of the city centre. In need of some modernisation with a guide price of €160,000, the interest levels during the five weeks of open viewings were huge and although the bidding was slow to start, it eventually started at €150,000 and continued with five different individuals bidding the property up to €290,000.

Lot number three of the afternoon was No 72 Dun Na Mara in Renmore. Also in need of some upgrading, the bidding on No 72 was quickly under way. Two bidders went head-to-head and in 18 bids, the property was sold for and impressive €210,000.

An unfinished detached house in Corcullen, between Bushypark and Moycullen, was the fourth lot of the day and looked, for a while, like it was never going to get a bid. However Mr Heaslip expertly managed to drag an opening bid of €165,000 (some €15,000 lower that the guide price ) and soon after, the flood gates opened, with 43 bids from four bidders eventually bringing the sale to a head at €281,000.

The fifth lot of the afternoon was No 145 Seacrest, Knocknacarra, a three bedroom semidetached residence in a quiet cul-de-sac on Shangort Road. An executor sale, this property was brought to the market with an advised minimum value of €190,000 and interest was strong right from the get go. Bidding got under way at €185,000 and bids rose rapidly until the gavel came down at a remarkable price of €255,000.

Lot six was a dormer bungalow residence in Waterview, Lackaghmore, on 0.5 of an acre just 14 miles from Galway city centre. Being offered to the auction floor with an guide price of €110,000, the property was withdrawn at €100,000 and is currently under offer, with a sale expected in due course.

An impressive detached residence in Corrandulla village was the penultimate lot and once again the attractive guide price of €245,000 ensured there was a lot of pre-auction interest. Although Mr Heaslip struggled to get an early bid, he soon saw action with the bidding starting at €235,000, and after 25 bids, the hammer finally dropped at an impressive €300,000.

The final lot of the day was a bungalow residence on 8.5 acres of land in Middle Third, Maree, Oranmore. Guiding €380,000, this property appeared to have no interested parties when bids were sought, however just as Mr Heaslip was about to withdraw the lot, an opening bid came in at €350,000, with other buyers now showing strong interest. After 15 minutes of bidding and much to the delight of all involved, the gavel finally fell at €450,000.

“We are delighted for all of our clients, each of whom left here today extremely satisfied with the results and the service they got,” Alan Maxwell, who heads the auction team, said on Friday. “At the risk of sounding boastful, we are very good at what we do and leave no stone unturned when it comes to bringing a property to the auction market. While we are happy with the results of this auction, we are already planning for our next auction and we hope to have another high quality event on May 30.”

For full details on the May 30 auction or information on listing a property in the any of DNG Maxwell Heaslip & Leonard’s auctions, speak to any member of the professional team at 091 565261.

 

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