Leading Galway property expert DNG Maxwell Heaslip & Leonard is reporting unmatched levels of interest at open viewings for its May 30 auctions in The Radisson Hotel, which will see a total of 13 lots go to the auction floor.
With properties throughout Galway city and county, the Francis Street-based agent has been delighted with the turnout at open viewings so far. Director Fergal Leonard reckons the recent uplift in the Galway market, as well as the company’s prominent marketing, are the factors leading to the big turnouts. “There’s no doubt the Galway property market is on the up and our recent auction results have shown that,” he said. “The turnout at these latest viewings certainly indicate that more and more buyers are coming to the market, however, the lack of properties coming to the open market is becoming a big issue.”
Recent surveys show that the property market will rise by up to 14 per cent in parts of Galway for 2014, and Mr Leonard believes that this is the right time to buy. “We have a real eclectic mix of properties and we would urge all buyers to come and have a look at the selection we have to offer,” he added. “There is some excellent value on offer and while some of our recent auction sales have reached prices well beyond what was expected, more often than not our guide prices are in line with the selling prices.”
First to go under the hammer on May 30 is No 218 Castlepark, a two bedroom terraced property in a quiet area of a long established residential development on the east side of Galway city. Overlooking a green area, this property is close to all amenities including business parks, Merlin Park Hospital, and GMIT. In some need of modernisation, this would be an ideal first time buyer’s home. The property measures c520sq ft and enjoys a west facing rear garden and private parking. The property guides an AMV of €50,000. Open viewings will take place on Wednesdays and Saturdays from 3pm to 4pm.
Lot no 2 is located in a quiet residential estate of Leitir Burca on the Ballymoneen Road in Knocknacarra. No 16 Leitir Burca is an outstanding detached four bedroom residence built on an elevated site. Part of an enclave of similar homes, this spacious property has wonderful views over Galway Bay. In walk-in condition, the house is finished to a very high standard and is ideal for those seeking a turnkey family home in an excellent location. Featuring private parking and a rear garden with raised deck and cobble locking, this property is well worth a look. The solicitor with carriage of sale is Eoin Armstrong, Hegarty & Armstrong solicitors, Stephens Street, Sligo, and the AMV for this beautiful property is €245,000. Open viewings will take place each Wednesday and Saturday from 3pm to 4pm.
Lots 3, 4, and 5 are located in Tullinadaly Hill, Tuam, a good residential area in Tuam town centre. Lot 3 (House A ) is a derelict end of terrace unit in need of work. It currently consists of two large ground floor rooms and a first floor room. The unit is circa 1,650sq ft in total and is ideally suited for redevelopment. It previously had a planning application in 1997, ref 97/1288. The property guides an AMV of €30,000.
Lot 4, (House B ) is again a terraced bungalow house in need of redevelopment. The property currently consists of a sitting room, kitchen, a bathroom, and three bedrooms. It also includes some outhouses to the rear and a small garden. The property measures c107sq m and guides an AMV of €40,000.
Lot no 5 (House C ) is a terraced two storey house in need of redevelopment. The property currently consists of a sitting room, kitchen, utility, and a bathroom on the ground floor, and four bedrooms with one bathroom on the first floor. It also includes a private rear garden. This property measures c118sq m and guides an AMV of €25,000. The solicitor with carriage of sale for all three properties at Tullinadaly Hill, Tuam, is Ciara Lennon, RDJ Glynn solicitors, Aengus House, Long Walk, Galway, and viewings are by appointment with the selling agents.
Lot no 6 is 15 Emerson Avenue, Salthill, an outstanding semidetached residence in a much sought after residential area. This property is in absolute pristine condition. Recently renovated, the property is ready to walk in to. Comprising almost 2,100sq ft of living space, this prime family home is being sold with a large manicured west facing rear garden and private off street parking. No 15 is just a short stroll to Salthill Promenade and all the amenities this wonderful location has to offer. The solicitor with carriage of sale is Ciara Lennon, RDJ Glynn solicitors, Aengus House, Long Walk, Galway, and the AMV for this attractive property is €355,000. Open viewings take place on Wednesdays and Saturdays from 4.30pm to 5.30pm.
Lot 7, No 5 University Park, is a beautifully appointed semidetached residence located in one of the city's best kept secrets. University Park, Newcastle, is just a few minutes’ walk from the city centre, and even closer to NUIG and University College Hospital. This spacious property will undoubtedly appeal to upwardly mobile professionals seeking both location and premium quality. At 1,830sq ft, there is ample spacious living accommodation with four bedrooms, two living rooms, a sun lounge, and integrated garage. The solicitor with carriage of sale is Paddy Daly of Paddy J Daly & Co solicitors, Ard Ri House, 9 Lower Abbeygate Street, Galway, and the property guides an AMV of €350,000. Open viewings will take place every Wednesday and Saturday from 1.30pm to 2.30pm.
Lot no 8 brings us to the beautiful and well-established estate of Winfield Gardens in Knocknacarra. No 21 is a four bedroom semidetached residence in an excellent location on the Clybaun Road, close to schools, shops, and all amenities. With 1,250sq ft of living space this property boasts a high quality finish throughout with a wonderful south facing rear garden which is not overlooked. This area is highly sought after and No 21 overlooks a green area. The attic is floored and includes a Velux window and is accessed by a Stira stairs. This beautiful property guides an AMV of €220,000. Open viewings take place every Wednesday and Saturday from 10.30am to 11.30am.
Lot no 9 is No 5 Glenview House, a 650sq ft apartment located on the main strip in Salthill. Central to all amenities and adjacent to the Promenade, this spacious apartment was originally a large one bed unit, however the bedroom has been divided to provide two rooms and affords an excellent investment opportunity. The block is owner managed with commercial usage on ground level with six apartments overhead. Rental values in this area are approximately €700 per month and the property is currently tenanted. The solicitor with carriage of sale is Lewis C Doyle, Forde & Associates, Augustine Court, St Augustine Street, Galway. Open viewings will take place every Wednesday and Saturday from 12 noon to 1pm.
Lot no 10, located in Castletown, Cross, Co Mayo, is a fine, newly constructed, four bedroom dormer bungalow standing on two acres on the Galway/Mayo border. The property is situated approximately 50 yards from Lough Corrib with direct access and enjoys excellent lake views from the first floor. It features a porch, entrance hall, living room, kitchen/dining room, utility, guest toilet, en suite bedroom with walk-in-wardrobe on the ground floor. The first floor includes master bedroom with en suite and walk-in wardrobe, bedrooms three and four, a bathroom, and hot press. Upstairs is complete with timber flooring. The property is situated in a quiet location but is not isolated. It is within easy reach of both Galway and Castlebar. It is located in a very sensitive area for planning, and planning permission will prove very difficult to attain in the surrounding area in future. The solicitor with carriage of sale is Pat Sheehan, Sheehan & Co solicitors, Augustine Court, St Augustine Street, Galway, and the AMV for this property is €160,000. Open viewings will take place on Saturdays from 12 noon to 1pm.
Lot no 11 is located at Slieveroe, Headford, Co Galway. This is a parcel of land comprising approximately 4ha (c10 acres ) of agricultural land in a scenic rural location almost four miles from Headford village. Although currently suitable for rough grazing, the lands may have some development potential with the possibility (subject to planning ) for the construction of three or four one-off residential units. The solicitor with carriage of sale is Michael Nuding, Denis I Finn solicitors, 5 Lower Hatch Street, Dublin 2, and the AMV for this lot is €25,000.
The penultimate lot, lot no 12, is located in Corrandulla, Co Galway. A circa 2,200sq ft detached property standing on c1 acre of mature gardens, this home is located just off the N84 Galway-Headford road and adjacent to Corrandulla village. Built approximately 30 years ago, the property, which is a former doctor’s residence with surgery, may require some modernisation. There is a separately built double garage and workshop to the rear, along with ample parking. The solicitor with carriage of sale is Harry Bell, Bell & Carroll solicitors, Middle Street, Galway, and the property guides an AMV of €190,000. Open viewings will take place on Wednesdays and Saturdays from 1.30pm to 2.30pm.
The final lot to come to the market is located in the village centre of Corrandulla, with the nursing home, community centre, church, school (with new astroturf pitch ) all nearby. This property c17,750sq ft of space over two levels, offering the potential for an excellent rental yield when fully let. It currently offers a gross yield of 11.5 per cent, and fully let, it should offer the astute buyer a gross yield in excess of 20 per cent. At present it comprises a supermarket, a take-away, and three further vacant units on the ground floor. The first floor comprises a store room, a games room, office space, three occupied apartments, and one incomplete apartment. The building is in need of some minor works, but is generally in very good condition. The ground floor units currently vacant would be suitable for a pharmacy, hairdressers, dry cleaning, butcher, beautician, physio, and fruit and veg shop.
Corrandulla is located about 10 miles from Galway and is easily accessed from the Tuam road or Headford road. Investment opportunities with a return like this rarely come to the market and strong interest is expected. Viewings are being conducted by appointment only and the solicitor with carriage of sale is Dermot Kilfeather, Kilfeather & Co, The Halls, Quay Street, Galway.
Further information on all properties can be found at dnggalway.ie or by contacting DNG Maxwell Heaslip & Leonard on 091 565261.