The importance of location has been highlighted once again as property prices in Galway city centre have increased by as much 20 per cent over the last six months while other parts of the country have remained static. Colleran auctioneers’ next auction on March 12 includes properties in some of Galway's most sought after areas which will prove to be of great interest to first time buyers and investors.
No 14 Tone Avenue, Old Mervue, is a bright three bedroom terraced house, in need of modernisation but nothing too daunting. One of the many attractions of this property is its very large front and back gardens which will appeal to young families. Accommodation includes sitting room, kitchen, and bathroom on the ground floor, with three bedrooms on the first floor. It not difficult to see why Old Mervue has become so popular with first time buyers and investors, as this mature residential estate still remains affordable despite its convenience to the city centre, and proximity to shopping centres and some of Galway's largest employers such as Boston Scientific, Hewlett Packard, and Thermo King. The advised minimum value is €100,000. Open viewing will take place on Saturday from 11am to 11.45am.
Also for auction on March 12 is No 5 Corrib Terrace, Woodquay, easily one of the finest city centre locations to call home. Located on the banks of the Corrib in the heart of the city, No 5 is within five minutes’ walking distance of NUI Galway and UHG. Accommodation includes sitting room, dining room, kitchen, and ground and first floor bathrooms. This property is in need of attention, which is clearly reflected in its very attractive guide price of €145,000. If you are looking for a house on which you can put your own stamp, add value, and not break the bank, then viewing is strongly recommended. Whether you are looking for a city centre property that you will be proud to call home, a gilt edged investment, a home for your children while in college, or a holiday home for yourself, Corrib Terrace ticks all the boxes. The AMV is €145,000. Open viewing takes place Saturday from 12 noon to 1pm.
For further details on these properties contact Colleran auctioneers at 091 562293.