O’Donnellan & Joyces auction attracted enormous interest when the agents placed 18 properties under the hammer in their November auction. The auction which was held in the Harbour Hotel, Galway and attracted interest both locally, nationally, and also internationally with large interest from Irish people overseas who viewed the auction live online on the agents’ website www.odonnjoyce.com The auction room itself was packed to capacity with standing room only.
There was huge interest in two properties that sold at Cloonfad, Co Roscommon, Nos 17 and 22 Westview. Both these homes attracted enthusiastic bidders who were eager to purchase what would be perceived to be exceptional value as they both had an AMV of €15,000 each. No 17 consisted of a four bedroom semi-detached residence in need of refurbishment throughout and sold for €29,000. No 22 was a three bedroomed semi-detached in mint condition throughout and sold for €33,000.
The next property was at Derrymullen, Ballinasloe. This cosisted of a development with three detached houses and potential for 19 other homes, the entire lot was offered for sale. A number of interested parties chased the property and it was eventually sold for €108,000.
A semi-detached residence at 51 The Maples, Ballyhaunis, Co Mayo sold on the day for €45,000, the property comprised a three bedroom semi-detached residence in excellent condition.
There were two properties in Athenry, Co Galway on offer on the day, both of which were located in rural locations and in need of refurbishment throughout, one located at Gloves, Athenry and the second at Lenamore, Athenry. Both properties had very attractive guide prices of €20,000 each. The property at Gloves sold for €31,000 while the property at Lenamore sold for €44,000. The properties attracted over 10 different bidders for each property.
The agents had a number of parcels of land that went under the hammer on the day. The first was 4.5 acres at Barna., located 0.5 miles from the village and contained no planning permission. The lands attracted a lot of interest and sold for €78,000 which was above the guide of €50,000. The next lands were 15 acres at Knock, Co Mayo which previously contained planning permission for development sold for €87,000. The third parcel was 13 acres at Athlone, Co Westmeath, with no planning currently, which sold for €116,000.
The highlight of the afternoon was the sale of a property at 9 St John’s Terrace, off Henry Street. The property comprised a three/four bedroom terraced residence in need of refurbishment. The agents were guiding €130,000 for the property and the bidding opened at €120,000 with a number of individuals chasing the property. The opening bids increased in increments of €5,000, then reduced to bids of €1,000 until finally there were two individuals remaining and bids were increasing in increments of €500. After over 40 bids, the hammer was knocked down at €172,000 to a delighted purchaser. This highlights the huge demand there is for city centre property.
The next property that attracted enormous interest was a four bedroom detached residence at 21 Woodlands Park, Moycullen, Co Galway. Comprising of a superb family home in superb condition throughout within walking distance of the village, the property was guiding at €285,000 and the bidding opened at €260,000 with three individuals chasing the property. The bidding was finally down to two individuals who were increasing in increments of €1,000 and €2,000, again after nearly 40 bids the property was sold at a tremendous price of €329,000.
No10 Cul An Aith, Barna, Co Galway, was a four bedroom terraced residence located within walking distance of Barna Village. The property was guiding at €220,000 and attracted huge interest on the day with a number of purchasers anxious to the secure the property. After a period of rapid bidding the property was sold for €277,000 which was well in excess of the AMV of €220,000.
The next property to be auctioned was 25 Ballybrit Court, Ballybrit, Galway. This was comprised of a semi-detached residence converted into two individual apartments which were in need of refurbishment throughout and sold for €95,000.
169 Dun na Coiribe, Headford Road, four bed detached with an AMV of €220,000 was withdrawn on the day but was sale agreed afterwards.
Also under active negotiation is a site at Gort which comprises of 13 acres with an AMV of €65,000 and The Gift Shop, Athenry, comprised of a retail unit with four apartments overhead, AMV €100,000.
One property was withdrawn and still available to the market at 109 Sliabh Carron, Gort, a four bedroom semi-detached with an AMV of €79,000.
Colm O’Donnellan of O’Donnellan & Joyce outlined that they were delighted with the tremendous interest there was not only locally but nationally and internationally with a large number of Irish people overseas bidding as they watched it live online. The agents will hold their next auction on December 17.