Two city centre properties included in Colleran auctioneers’ March 12 auction are proving of big interest to first time buyers and investors because of their location and attractive price. Both properties are in need of attention, making them affordable and giving purchasers the opportunity to add value.
No 14 Tone Avenue, Old Mervue, Galway, is a three bedroom terraced house in need of modernisation, but with an AMV of only €100,000 this property is very appealing because of its obvious development potential and its very large front and back gardens, providing lots of room for an extension, subject to planning permission. Accommodation includes sitting room, kitchen, and bathroom on the ground floor, with three bedrooms on the first floor.
It is not difficult to see why Old Mervue has become so popular with first time buyers and investors, as this mature residential estate remains affordable despite its convenience to the city centre, proximity to shopping centres and of some of Galway's largest employers, with Boston Scientific, Hewlett Packard, and Thermo King on the doorstep. The advised minimum value is €100,000. Open viewing takes place on Saturday from 11am to 11.45am.
No 5 Corrib Terrace, Woodquay, Galway, is a three bedroom city centre terraced house beside the banks of the River Corrib. If location is everything then Corrib Terrace certainly has it and much more. Located in the heart of the city, yet in a tranquil setting fronting on to a small park and beside the river, you could not ask for a better setting when looking for a home or investment.
This property is in need of attention, which is clearly reflected in its very attractive guide price, and offers huge potential in a very desirable location. 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 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 advised minimum value is €145,000. Open viewing takes place on Saturday from 12 noon to 1pm.
The auction will take place on March 12 at 3pm in the Victoria Hotel, Eyre Square.
For further details contact Colleran auctioneers at (091 ) 562293.