O’Donnellan and Joyce recorded nine sales when it placed 11 properties up for sale by public auction. The auction room in the Victoria Hotel saw in the region of 250 people, standing room only, watch in awe as bidders chased the value at last Friday’s event.
The first property offered for sale was a house at No 3 Canal Road, which overlooks the canal. The bidding commenced at €110,000, and with several different interested parties chasing the property bids came from all over the room, and five frenzied minutes later the auctioneer’s hammer fell at a price of €152,000, much to the delight of the young first time buyers who received tumultuous applause from the attendance.
The second property to be auctioned was No 2 Canal Road, which attracted the same intensity when bidding opened at €110,000. There were several different interested parties and 38 bids were made until it was sold within a 10-minute period of rapid bidding for €175,000.
The third property to be auctioned was a family home at No 14 Dun Daingean, described by the auctioneers as a mint condition family home in the perfect location. Bidding commenced at €330,000 with four different clients chasing the property. Thirty two bids later the property was sold for €380,000, much to the delight of the purchaser.
The fourth property auctioned was No 4 Forster Park, situated in a traffic free cul-de-sac off Dalysfort Road. The property was an executor sale and bids commenced at €202,000. Five individuals bid intensely for the property, which sold after 22 bids for €241,000.
The fifth property was No 66 Shantalla Road, a five bedroom detached residence. Bidding commenced at €220,000 and two interested parties bid on the property up to €230,000, at which point the property was sold.
The sixth property auctioned was a residence at No 12 Dr Mannix Road. The property was described by the auctioneer as “a home for life”. The bidding commenced at €340,000 and two individuals chased the property intensely with rapid bids until the property was sold at €368,000.
The next property auctioned was No 26 Dalysfort Road. This three bedroom mid-terrace residence overlooking Salthill Promenade was described as the perfect starter home in the perfect location. Bidding commenced at €230,000 as two individuals chased the property up to €248,000 when the auctioneer’s hammer fell.
The eighth property to be auctioned was No 13 Sylvan Avenue. Bidding commenced at €270,000 and three individuals chased the property up to €288,000 at which price it was sold.
The ninth property to be sold was No 7 St Bridget’s Place. The property, which is located just off Eyre Square, was in need of refurbishment and bidding commenced at €110,000. After 20 bids the property was sold at €142,000.
Two other properties were also offered for auction. No 43 Dalysfort Road was withdrawn at €330,000 and is under active negotiation. No 18 St Bridget’s Place, which was withdrawn at €165,000, is also under active negotiation.
Auctioneer Colm O’Donnellan said the agents were absolutely delighted with the large number and volume of sales. The auction process has proven to be a very popular way of disposing of assets for clients anxious to turn their properties into cash. Buyers are realising there is tremendous value to be found in the auction rooms, which was witnessed by the enormous crowd which attended last week’s auction.
O’Donnellan and Joyce’s next auction will take place this Friday at 3pm in the Victoria Hotel, Eyre Square.