O’Donnellan & Joyce held the largest property auction ever in the west of Ireland on Friday July 21 when properties from Sligo to Limerick, right throughout the western seaboard, went under the hammer in its much acclaimed Wild Atlantic Way all day property auction. The auction attracted more than 500 people into the Harbour Hotel which was packed to capacity with barely standing room available in the auction room.
The auction took place over the course of six hours, with a record volume of sales conducted for an auction room in the west of Ireland. Galway city sales dominated the auction with phenomenal interest locally, nationally, and also from overseas, and a number of the properties achieved record sales prices.
Colm O’Donnellan, auctioneer and managing director of O’Donnellan & Joyce, said: “We are delighted for our clients, we had some great results achieved on the day. We were particularly happy with the high level of interest and enquiries for Galway city from both owner occupiers and investors.”
Headline sales on the day included the following:
No 61 Riverdale, Oranmore, Co Galway
Located in the heart of Oranmore village, this modern two bed first floor apartment was being sold with tenants in place.
AMV was €120,000 and bidding opened at that price. After 23 fervent bids the hammer dropped at €156,000.
No 10 Dunaras, Bishop O’Donnell Road, Galway
Four bed duplex apartment in student village serviced with a reception office, on site laundry, and security. Bidding opened at €126,000 and after 22 bids in mostly single increments, it sold for €167,000.
Ennis Road, Gort, Galway
This development site of approximately 1.1 acres with two derelict buildings and fronting on to the R348 Gort to Ennis road had an AMV of €100,000. Bidding opened at €90,000 and very quickly sold after seven bids to reach €100,000.
No 31 Baily Point, Salthill, Galway
Lovely two bed fourth floor apartment presented in excellent condition. Close to the many amenities of Salthill and sold with vacant possession. The AMV was €140,000, with only one bid, and it was withdrawn at €125,000. The property sold soon afterwards for €125,000.
Nos 18 and 19 Lower Abbeygate Street, Galway
For sale in one lot. No 18 is a ground floor retail unit with two/three bedroom duplex apartment overhead. No 19 is a ground floor retail unit with one bed spacious duplex apartment overhead. Bidding opened at €320,000 and after seven bids the property was withdrawn at €360,000. It sold straight after auction for €380,000.
Apartments 11, 12, and 13 The Mill Courtyard, Gort, Galway
These three two-bed apartments came for sale separately with an AMV of €60,000 each. Located in the centre of the busy market town of Gort, there were five bids for No 12 and it sold for €62,000. No 11 was withdrawn at €57,000 but sold after auction or €60,000. No 13 was withdrawn also at €57,000 and is under negotiation.
No 16 Raleigh Row, Galway
Two bed mid terrace townhouse came to the market with an AMV of €198,000. Bidding opened at €200,000 and quickly rose in €5,000 increments. Two bidders battled it out until the hammer dropped at €242,000 to a very happy couple.
No 16 Rahoon Road, Shantalla, Galway
Wonderful four bed detached property presented in turnkey condition with a large front garden providing off street parking and side access to the rear paved garden. Bidding opened at €320,000, and after 27 bids with two bidders at the end stages, the hammer dropped to tumultuous applause at €365,000, that’s €30,000 above the AMV.
No 6 New Avenue, Shantalla, Galway
This three bed mid-terrace house presented in good condition came to the market with an AMV of €200,000. After 25 bids it sold at €258,000.
No 2 University Park, Newcastle, Galway
A fine five bed semidetached property located across the road from UHG, just minutes from NUIG. This house came for sale fully furnished and with an AMV of €390,000. Bidding opened at €400,000 and very quickly rose by 23 bids in increments of €5,000 to finally settle at €510,000 to a very happy client.
Ranch House, Clough, Corofin, Galway
Site of approximately 2.37 acres accommodating the former dancehall known as The Ranch House. This piece of property had an AMV of €30,000 and, after 18 bids, with some phone bidders, it finally sold for €52,000.
No 13 Clifton Crescent, Newcastle, Galway
This lovely three bed semi has always been owner occupied. An executor sale, it had all the hallmarks of a property that was well looked after and meticulously maintained. The AMV was €260,000 and bidding started at €250,000, finally resting at €271,000.
No 89 Cill Ard, Bohermore, Galway
End of terrace four bed house overlooking a green space and situated in a well maintained residential development. This property came to the market with an AMV of €200,000 and sold for €250,000 to a very happy couple.
No 11 St Bridget’s Place Lower, Woodquay, Galway
Presented in excellent condition and maintained to the highest standard, this superb three bed owner occupied came to the market with an AMV of €275,000. The bidding opened at €250,000 and sold at €336,000 after 31 bids. An excellent price for this gorgeous property.
Apartment 1 Glenview House, 161 Upper Salthill, Galway
A perfect two bed first floor apartment in excellent condition. With Galway Bay and the Promenade on its doorstep and situated within walking distance of the city, there was lots to attract the bidders for this lovely home. With an AMV of €185,000, bidding opened at €200,000 and quickly rose after 33 bids, with both in-house and phone bidders, to finally sell at €260,000. An excellent result, which exceeded expectations for the delighted sellers.
No 7 McDonagh Terrace, Woodquay, Galway
This city centre two/three bed terraced property is strolling distance from Eyre Square and across the street from the Town Hall Theatre. Owner occupied for many years and oozing with original features, No 7 very quickly sold for €205,000 after seven bids starting at €180,000.
No 17A Newcastle Park, Newcastle, Galway
Situated at the rear of No 17 Newcastle Park, this a charming two bedroom bungalow has a private front garden and a sizeable rear yard, an ideal suntrap. Presented in good condition, this property attracted a lot of interest in the open viewings leading up to the auction. Bidding started at the AMV of €100,000 and it sold for €134,000.
No 41 Moyola Park, Newcastle, Galway
Situated at the end of a cul-de-sac on a substantial corner site, this 4 bed detached house is in need of modernisation. Bids opened at €300,000 and very quickly rose to €320,000 where the hammer dropped to delighted buyers.
No 17 Castlelawn Heights, Headford Road, Galway
An excellent three bed two storey detached house overlooking a communal green space. This development was one of the first sold by O’Donnellan & Joyce back in the eighties. No 17 came to the market with an AMV of €200,000 and sold after four bids for €215,000.
No 37 Arasain na Mara, Grattan Road, Salthill, Galway
This wonderful two bed top floor apartment attracted a lot of interest in the auction room. The property is within moments of Salthill and just a short walk to Galway city centre. With an AMV of €195,000, bidding opened at €180,000. After six quick bids it sold for €205,000 to a round of applause.
No 179 Bohermore, Galway
With an AMV of €195,000, this semidetached three bed house is in a very central location, only minutes from Eyre Square, a wonderful location for someone looking for the luxury of being walking distance from everything Galway city has to offer. Bidding opened at €190,000 and rose in increments of €5,000 to sell at €215,000.
No 79 Gort na Coiribe, Headford Road, Galway
Excellent third floor two bed apartment in a purpose built student complex of houses and apartments, this property would prove to be the ideal investment opportunity, holiday home, or owner occupied residence. Bidding opened at €180,000 and sold after six bids at €200,000.
No 18 Bowling Green, Galway city centre
An auction is not an auction without some impassioned bidding from exciting bidders chasing their dream property. There were plenty of dream properties bought on Friday. No 18 Bowling Green was one of those properties. An end of terrace, city centre two bed property in need of complete refurbishment and modernisation, it came to the market with an AMV of €80,000. Bidding opened at the AMV, and bids escalated at a fast pace in increments of mostly €5,000 to finally sell to thrilled purchasers for €182,000. That is more than double the asking price.
The next auction in O’Donnellan & Joyce’s Wild Atlantic Way series is Thursday September 28 . To include your property for sale contact the auction team at O’Donnellan & Joyce auctioneers by August 25 on 091 564 212 or email [email protected] .