Don Colleran’s final auction of the year completed what was a very successful year for property sales in Galway. While the focus of this auction was on investors wishing to avail of the capital gains tax exemption before the end of the year, previous auctions held by Colleran’s during the year highlighted the huge demand the company has for quality family homes around the city.
Recent sales in Salthill, The Claddagh, and Shantalla set new records with the sales price of a house in Salthill increasing by more than 40 per cent in the last 18 months.
Properties in last week's auction included a ground floor two bedroom apartment in Woodquay. Maintained in exceptional condition by the sellers, this was reflected in the intense bidding which opened at €120,000, and in less than five minutes the price rose to €145,000.
Also sold at auction was a two bedroom town house in Olde Malt, which is a private development of only seven townhouses fronting on to a courtyard, just off High Street, over the Olde Malt Restaurant.
Again investors were quick to show their interest and bidding opened at the AMV of €120,000 before being secured by a telephone bidder from London for €135,000.
The Claddagh continues to be one of the most sought after addresses in Galway, and Colleran’s success in The Claddagh continued again last week with the sale of No 18 St Nicholas’ Road. The Claddagh's broad appeal was once again highlighted as yet another overseas bidder secured this gem, which offered fabulous views of Galway Bay.
Colleran auctioneers is already registering properties for its next auction, so if you are thinking of selling in The Claddagh, Shantalla, Newcastle, Renmore, Salthill, or Knocknacarra, talk to Don Colleran in confidence for a free property appraisal.
Contact Colleran auctioneers at 091 562292.