O’Donnellan & Joyce recorded a hugely successful property auction when the company placed 19 properties under the auction hammer, selling a total of €2.9 million on the day.
According to auctioneer Colm O’Donnellan there was enormous demand, particularly for family homes, with the highlight of the afternoon being a property in Glenard Crescent, Salthill, a four bedroom semidetached residence with a spacious interior and a south-facing rear garden. In need of substantial modernisation and refurbishment, the property attracted five interested parties and in a matter of minutes it reached the reserve price of €400,000, and the five parties exchanged numerous bids until the auctioneer’s hammer went down at a record price of €472,000.
Other family homes which attracted huge interest included a detached house at Stradbally North, Clarinbridge. This five bedroom detached house, which also needed some refurbishment and modernisation, stands on 0.5 acre. The bidding commenced at €300,000 and four different individuals bid on the property in increments of €5,000 until the hammer was brought down at €340,000. Another property which had seen massive interest was a luxury six bed detached home in Furbo, designed by Olympic stadium designer Hermann Peltz, which sold for €485,000 to a thrilled purchaser who said he felt like he had won the gold medal at the Olympics after his final bid brought the hammer down to a tumultuous applause from the audience.
Investors were out in force looking for value for money with a mixed use retail, office, and residential development at Dun Eibhir in Furbo. Bidding on this property was intense with an opening bid of €370,000, increasing in bids of €5,000 until it was eventually sold for €430,000. Investors were also present for three houses in Ballybane; No 23 Bayview Rise, a four bed mid-terrace residence in need of refurbishment, had excellent interest. Bidding started at €60,000 and the auctioneer’s hammer fell at €96,000. No 22 Heather Grove, a six bed detached property, had five individuals bidding, starting at €100,000 and selling for €173,000. No 16 Clareview Park also attracted excellent interest and sold for €118,000.
Tremendous value was also on offer outside Galway city at the O’Donnellan & Joyce auction, such as No 5 Weighbridge House in Oughterard, a two bedroom apartment which sold for €60,000. A partially complete house on 0.5 acre in Brockagh, Corofin, sold for €70,000. A two bedroom apartment at No 3 Aonach, Ballinasloe, sold for €29,500.
There was a variety of land sold on the day including 50 acres of agricultural land in Barna, which sold for €100,000. A site with full planning permission in Sliabh Carron, Ennis Road, Gort, sold for €36,000.
The full list of results can be found below.
Colm O’Donnellan from O’Donnellan & Joyce auctioneers said he was absolutely delighted with the enormous attendance and exceptional bidding at the auction on Friday. O’Donnellan and Joyce’s next auction is on April 17. If you are interested in placing a property into this auction, the auction team should be contacted prior to March 20.
Stradbally North, Clarinbridge: A five bed detached house, sold for €340,000.
No 34 Glenard Crescent, Salthill: A four bed semidetached, sold for €472,000.
No 16 Clareview Park, Ballybane: A three-bed mid-terrace house, sold for €118,000.
No 23 Bayview Rise, Ballybane: A four bed mid-terrace house, sold for €96,000.
No 22 Heather Grove, Ballybane: A six bed detached house, sold for €137,000.
No 5 Weighbridge House, Oughterard: A two bed apartment, sold for €60,000.
Furbo: A six bed detached house, sold for €485,000..
Brockagh, Corofin: A partially completed house on 0.5 acre, sold for €70,000.
Dun Eibhir, Furbo: A mixed retail/office/residential development, sold for €430,000.
No 3 Aonach, Ballinasloe: A two bed apartment, sold for €29,500.
No 1/1A High Street, Cornmarket, Limerick city: A retail unit, for sale by private treaty.
No 6 Bowling Green: A two bed mid-terrace house, for sale by private treaty.
Kilcornan, Clarinbridge: 16.5 acres of agricultural land, sold for €180,000.
Parkroe, Craughwell: 15.3 acres of agricultural land, sold for €135,000.
Letterdeskert, Carna: A three/four bed detached house, for sale by private treaty.
No 1 Glinsk Cottages, Glinsk: A three bed dormer bungalow, for sale by private treaty.
Sliabh Carron, Ennis Road, Gort: A site with full planning permission, sold for €36,000.
Sliabh Carron, Ennis Road, Gort: A detached house on 0.5 acre, sold for €56,000.
Land in Barna: Circa 50 acres of agricultural land, sold for €100,000.
Further particulars can be had by contacting the O’Donnellan & Joyce auction team on 091 564212.