Online auctions performing well despite post-lockdown fears

Ryehill Demesne, Monivea, Co Galway.

Ryehill Demesne, Monivea, Co Galway.

Online auction specialist IAM Sold Property Auctions, which runs the Connacht, Munster, Leinster, and Northern Ireland Property Auctions, says that demand remains strong in the property market post lockdown.

Shane May, sales manager for The Connacht Property Auction, noted: “While the disruption to the market during lockdown left sellers and buyers alike with a sense of uncertainty, we have experienced extremely high demand on the majority of our auction lots throughout the summer months.”

However, while demand continues to remain high, properties on the market are low with a current 14 year low in terms of properties currently for sale. This means that for anyone thinking of selling, the likelihood of getting strong interest and bidding is very high. Mr May added: “With the low supply and the strong demand levels we are currently experiencing, now is a great time to market properties. For vendors considering selling as we have thousands of registered applicants looking to buy and as online auction is a faster route to sell, vendors and buyers will have moved well before the end of the year.”

The company does not charge any upfront costs into the auction and take on board all marketing and entry fees – so the property owner has no costs unless the property is successfully sold.

Kille, Kingstown, Clifden, Galway

Offered at bids over €295,000 in partnership with Matt O'Sullivan auctioneers.

A fine five bed house with large detached garage, ideally situated on an elevated site with exceptional sea views. There is a large kitchen/dining room that also makes the most of the sea views with double doors leading to the rear garden. The property is in excellent decorative order throughout and viewing is highly recommended.

Derryhiveny South, Portumna, Galway

Offered at bids over €245,000 in partnership with RE/MAX Galway.

This is a fine four bed detached dormer bungalow, ideally located just eight minutes from Portumna and all the amenities it offers. This deceptively large dormer is presented in excellent condition and offers an abundance of living space. Externally the property sits on a c0.54 acre site with manicured lawns, an array of mature trees shrubs and fruit trees, a block built shed, and three timber garden sheds.

Ryehill Demesne, Monivea, Galway

Offered at bids over €225,000 in partnership with RE/MAX Galway.

This is a rare opportunity to acquire a fine period home, steeped in history. The property, which has been newly renovated, offers a beautiful tree-lined avenue leading to a secluded site on which this four bed stone house and stables stands. The property, which extends to c1,600sq ft, is presented in exceptionally good condition and oozes character with a homely, country style feel throughout.

Laraghmore, Ballyglunin, Tuam, Galway

Offered at bids over €175,000 in partnership with RE/MAX Galway.

Extending to c2,109sq ft, this five bed, two storey, house is structurally in good condition but requires work and some repairs inside and is being sold as is. This property sits on a c0.47 acre site with lawns surrounding the property, mature trees, ample private parking, and a stone wall to the front. With a little vision and expenditure this would be an excellent opportunity to develop a family home close to the city, in proximity to all main routes for commuting, yet enjoying the benefits of country living.

For those thinking of selling, there is still time to enter properties into the September 17 online auction and indeed the following online auction on October 21.

The auction team are encouraging property owners to make contact with them to arrange an initial valuation on 091 882 121 or visit www.connachtproperty auction.ie.

 

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