Last Friday was the hottest day of the year, and the heat could certainly be felt in the Harbour Hotel, where O’Donnellan & Joyce placed 27 properties up for auction. Twenty three properties sold at the event, and four were withdrawn but are currently under active negotiation. Total sales in the region of €4 million were recorded on the day.
The packed auction saw enormous demand for family homes in established locations, as well as investment apartments in the city centre.
O’Donnellan & Joyce’s final summer auction attracted a huge crowd and from noon a steady queue of eager buyers lined up to register for the auction. Registration opened at 1.30pm for the proceedings which featured a combination of residential properties, investment properties, commercial properties, and land sales. The atmosphere was full of excitement as keen property hunters filled the auction room, while others took standing space in the lobby of the Harbour Hotel, viewing the live action on big screens across the lobby.
Bidding was fast paced from the outset with the first lot of the day, No 2 Cloonarkin Drive, a three bedroom bungalow in Oranmore, selling for €242,000. Residences in close proximity to the university and GMIT were in demand, with No 4 Moyola Park, Newcastle, an attractive four bedroom semidetached residence close to both NUI Galway and University Hospital Galway, selling for €297,000. Apt 4 Newcastle Court was sold for €185,000; this three bedroom apartment is within walking distance of all amenities and makes a superb investment. No 104 Rahylin Glebe, Ballybane, sold for €93,000. This three bedroom semidetached home located close to GMIT would make an excellent investment or starter home.
The bidding was fast and furious for city centre locations with No 1 Forster Place, Forster Street, selling for €205,000. This two bedroom apartment located a short walk from Eyre Square comes with a parking space and makes a wonderful investment. Another stunning two bedroom apartment with views over Galway Bay, at No 19 Fairgreen, sold for €150,000. No 12 Commerce Court added to the list of spectacular apartment sales, selling for €200,000; it is just off the lively Latin Quarter in the city centre.
The centrally located No 2 Presentation Road sold for €255,000. This four bedroom terraced residence is in immaculate condition, making it a perfect city centre home. Another excellent investment property was No 4 St Joseph’s Terrace, which sold for €160,000. No 61 Castlelawn Heights, Headford Road, was sold for €197,000; this lovely three bedroom semidetached residence is close to Galway city centre.
Family homes in some of Galway’s most sought after locations also attracted significant interest. The beautiful Rockbine, Taylor’s Hill, sold for €565,000, surpassing its AMV by €90,000. The five bedroom detached residence stands on a magnificent mature site. No 88 Grattan Park, Salthill, a three bedroom semidetached home just moments from Salthill Promenade, sold for €336,000. The fine weather clearly lured buyers to Salthill with No 18 Monksfield, Salthill, selling for €385,000. This imposing semidetached residence is deceptively spacious with six/seven bedrooms.
A stunning traditional farmhouse on the Athlone Road, Ballinasloe, standing on 20 acres located two miles outside Ballinasloe town, was withdrawn at €330,000. The scenic theme continued with a charming one bedroom semidetached home at No 124 Clifden Glen, Clifden, selling for an amazing €28,000.
The crowd looked outside Galway to The Laurels, Kilmaine, Co Mayo, where a row of six terraced homes, one of which is fully complete while the others are partly completed, sold for €158,000, almost doubling its AMV of €80,000, following some intense and competitive bidding.
The charming Lenamore, Athenry, sold for an astonishing €31,000. The three bedroom bungalow is located close to both Athenry and Monivea. A commercial unit at No 1 Old Church Street, Athenry, sold for €76,000. This ground floor commercial unit comes complete with overhead residential accommodation included. Concluding the day’s auction was another excellent investment property, Nos 3 and 3A Marina Point, Ballinasloe, a commercial unit with ground floor retail and office accommodation overhead, which sold for €220,000.
Speaking after Friday’s auction, Colm O’Donnellan of O’Donnellan and Joyce said: “We are delighted with the tremendous interest and a capacity crowd who attended the auction.”
O’Donnellan & Joyce will hold its next auction on Friday October 3.
Anyone interested in placing a property for sale by public auction should register the property by August 22. Call the auction team on (091 ) 564212.