It was another very successful auction for clients of Don Colleran last week, when all properties sold with one exceeding his client's expectations by €32,000.
The first property to be sold and the one that generated the most excitement at the auction was No 26 Wellpark Grove. A four bedroom detached house built in the mid 1970s and in need of some attention, it was guiding €215,000. Considerable interest was shown in this property prior to auction with some 35 viewings from interested parties, so it was not surprising that bidding opened very quickly at €220,000. While the room was full of bidders it was two men at the back of the room who did all the bidding before anyone else had an opportunity to raise their hand.
While it appeared to some that the property was going to sell for €250,000 the auctioneer's experience and confidence showed as he persisted assuring the room it was worth a little more. Several more bids followed before the property was eventually sold to the opening bidder for €257,000.
Next to sell was No 5 Bayview Heights, described by Don Colleran as an investment opportunity so close to the GMIT it could almost be used for classrooms. This three bedroom end of terrace house sold at auction for €170,000.
Other properties sold last week by Colleran's and exceeding their guide included a two bedroom apartment at No 14 Cimin Mor, Cappagh Road, and another two bedroom ground floor apartment at Ard Fraoigh, Clybaun Road.
In closing the successful auction, which underlined the demand Colleran auctioneers has for properties in and around the city, Don Colleran appealed to anyone thinking of selling to contact him for a free property appraisal as he has a number of loan approved, disappointed under bidders.
For further details contact Colleran auctioneers at (091 ) 562293 or see www.collerans.com