Strong market continues while stock increases gradually

IAM Sold Property Auctions, which runs the Connacht, Leinster, Munster, and Northern Ireland Property Auction, says it has seen stock levels increase gradually over the past month - up 4.5 per cent from last month but still down 29 per cent on same period last year.

Shane May, sales manager for The Connacht Property Auction, commented: “Since reopening for viewings on May 10, we are seeing extraordinarily strong market conditions with inquiry levels remaining strong - up 95 per cent on levels when compared with last year. With stock still relatively low, there are more buyers looking to secure the available properties which is resulting in strong bidding on majority of the properties we are selling.”

Despite lockdown restrictions for the earlier part of 2021, sales for IAM Sold in May were up 41.6 per cent compared with the same month in 2020, which is up 10 per cent year on year. IAM Sold remains the only auction house in Ireland not to charge an up-front cost to enter a property into auction and is offering free valuations for all vendors considering selling their property. For more information see www.connachtpropertyauction.ie

Hillside and Salmon Court, Abbey Street, Ballina, Co Mayo

Offered at bids over €535,000 in partnership with Gerry Rowland auctioneer.

Huge investment opportunity ideally located in the town of Ballina and close to the town cathedral and the famous fishing River Moy.

Hillside comprises five fully self-contained units - four one-bed and one two-bed. One has a separate entrance. Comes with bunded oil tank, boiler house, and utility/storage room to the rear.

Salmon Court consists of two two-bed semidetached townhouses and two large modern apartments, One one-bed and one two-bed, with separate entrances.

All units are let at present and the current rent is €61,604 pa. Lease details can be provided upon request.

Church Hill, Ballinasloe, Co Galway

Offered at bids over €85,000 in partnership with Michael McCullagh auctioneers.

A unique stone cut, Victorian style, cottage, which has been beautifully refurbished and extended into a lovely three bed residence with modern internal features, ideally located in the centre of Ballinasloe. This classic cut stone example of a Victorian cottage offers a total floor space of c725sq ft, including the extension. Originally built alongside St John's Church of Ireland as the sexton's house, the front door is set into a fine, pointed, arch carved stone revealed with symmetrical windows on either side of the front door featuring elegant carved stone reveals.

No 2 Four Oaks, Atlantic View, Kilkee, Co Clare

Offered at bids over €99,000 in partnership with River Property Group.

This is a rare opportunity to purchase in one of the most sought-after holiday home locations in south Clare. This one bed semidetached house is presented in excellent condition throughout and is well positioned with sea views out towards the famous Pollock Holes at the opposite side of the bay. This newly renovated house is located in the centre of Kilkee and is a short walk to the beach and the golf club.

To discuss selling your property by auction or to arrange a free valuation, call the auction team on 091 882 121. The next online auctions take place on July 1 and August 19. For more information or to register to bid visit www.connachtpropertyauction.ie

 

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