With the first quarter of 2015 already drawing to a close, the early indications from the property market have shown no let up in the momentum which emerged in the later part of 2014 with the investor returning to the property market.
The first few months of 2015 have seen huge levels of interest and activity in the property market, according to auctioneer James Heaslip. “Buyers, both investor and owner occupiers, are still very much in the market. Demand is certainly there. We saw this at our February auction with all properties listed now sold. We expect to see this trend continue with our April auction which will see 26 lots being brought to the market.”
Properties for auction
Freeport, Barna, is a detached bungalow residence of c 1,100sq ft located in Barnavillage with outstanding sea views. Built c50 years ago, this home has been recently modernised and includes new central heating and an oil fired stove. Standing on a site area of c0.27 acre, there is huge potential for further extension to create a spectacular family home.
Just a short walk from the local primary school and village centre, this home has mature south facing gardens and a secluded deck from which to enjoy the vistas of Galway Bay. The AMV is €330,000 and open viewings will be held on Wednesdays and Saturdays from 11am to 12 noon.
10 Lower Newcastle, Galway, is a wonderful mid-terraced property in one of Galway city’s most sought after locations. Built in the late 1930s, this family residence is in need of modernisation, but has many of its original features. The property has private parking to the rear and a generously sized west facing rear garden.
Adjacent to NUIG and the hospital, this home is an opportunity to acquire a prime located home with huge potential, close to all Galway city has to offer. The AMV is €250,000 and open viewings will take place on Wednesdays and Saturdays from 12.30pm to 1.30pm.
Apt 13 Woodview, Doughiska, Galway, is a two-bedroom apartment located on the first floor of the Woodview development which comprises 16 units, being both one and two bed units. With the city bus route servicing the area and all amenities close by, including a GAA pitch, Centra Shop, Dunnes Stores Shopping Centre, and the Clayton Hotel.The AMV is €75,000 and open viewings will be held on Wednesdays and Saturdays from 12.30pm to 1.30pm.
Apt 8 Woodview, Doughiska, Galway, is a one bedroom apartment located on the top floor of the Woodview development, with the city bus route and all amenities close by. The AMV is €60,000 and open viewings will be held on Wednesdays and Saturdays from 12.30pm to 1.30pm.
Apt 5 The Foundry, Church Lane, Ballinrobe, Co Mayo, is a first floor apartment in a mixed commercial/residential scheme in the town centre. Very well built with ground floor parking and commercial units, the overhead apartments are accessed by lift and stairs to a mezzanine area. Each apartment has its own door access into well finished units that are an excellent investment opportunity. The AMV is €30,000 and viewings are by appointment.
Apt 2 The Foundry, Church Lane, Ballinrobe, Co Mayo, is a first floor apartment in a mixed commercial/residential development in Ballinrobe town centre. This modern scheme is well built and has lift access to an open plan plaza overlooking the ground floor parking. Each unit has own door access and a small balcony overlooking the streetscape. The AMV is €30,000, Viewings are by appointment.
4 Cordorragh Park, Kiltimagh, Co Mayo, is a three bedroom semidetached home close to Kiltimagh town centre and in need of some modernisation. The property has off-street parking with gardens front and rear and is a perfect starter home or investment opportunity. This property represents excellent value for money, Accomodation comprises entrance hall, living room, kitchen/diner, and downstairs wc. Upstairs are three bedrooms with one en suite and a main bathroom. The AMV is €30,000.
1 James Street, Claremorris, Co Mayo, is a well appointed town house in the centre of Claremorris town fronting onto the streetscape. With three bedrooms over 1,200 ft sq, this property has many excellent features including a sizable rear garden. There is off-street parking available along with oil fired heating which makes this a property not to be missed at an affordable price. The AMV is €35,000. Viewings are by appointment.
Knocknacarrigeen, Belclare, Tuam, Co Galway, is well presented family home comprising c2,200sq ft of living space. On a site of almost 0.6 acre, this bright and spacious residence is finished to a high standard and is ready for immediate occupation. The sale includes hollow core floors, extensive tiling, oak floors, and mature front and rear gardens. A short drive to Tuam town and only 20 minutes from Galway city, it is close to all amenities - an ideal, top-end, first-time buyer family home in a great location. The AMV is €180,000 and open viewings will take place on Wednesdays and Saturdays from 11am to 12 noon.
St Teresa’s, Ganty, Craughwell, is a three bedroom bungalow residence comprising c920sq ft with an adjoining garage of c 425sq ft. Although recently upgraded, the property has room for further improvements and is on a site of approximately 0.65 acre.
An outstanding opportunity to acquire a great starter home in a sought after location, it is within a five minute drive of Craughwell village. All amenities are close by and Galway city is 30 minutes away. The AMV is €90,000 and open viewings will take place on Saturdays from 2.30pm to 3.30pm.
Brackloonbeg, Bullaun, Loughrea, Galway, is a detached bungalow residence with associated lands comprising 6.8 acres in Bullaun near Loughrea town. In need of major refurbishment, this old-style farmhouse has great potential as a family home with the house on 1.8 acres of land and adjacent outbuildings, just 10 minutes from Loughrea and a short drive to the access to the M6 motorway. The AMV is €40,000 and open viewings will take place on Saturdays from 1pm to 2pm.
25 Fearann Ri, Doughiska, Galway, is a spacious three bedroom semi-detached residence comprising c950sq ft of living space. Part of a modern development on the eastern outskirts of Galway city, this well-presented property is close to all amenities and offers an excellent rental yield for those seeking to invest. It is being sold with the benefit of PVC double glazing, gas fired central heating and a private rear garden. The AMV is €75,000 and open viewings will take place on Wednesdays and Saturdays from 2pm to 3pm.
120 Gleann na Ri, Merlin Park, Galway, is located in a purpose-built development on the edge of the city and adjacent to GMIT and Merlin Park Hospital. A well-appointed two bedroom penthouse unit of 90sq m over the second and third floor, this apartment has commanding views over the countryside along with a private balcony. One of a block of six units, there is lift access and ample parking space adjacent. There is a pooled rents system which is fully managed on site or the option to self-manage. The AMV is €65,000 and open viewings will take place on Saturdays from 11am to 12 noon.
11 Cuirt Eanna, Long Walk, Galway, is a well-presented three bedroom townhouse in a modern development on Long Walk, close to Galway city centre. Built by O'Malleys, this bright and spacious property offers excellent potential as an investment property or an owner occupier residence with over 900sq ft of living space. Being offered to the market with a private parking space, this turn-key townhouse is just a short walk to all amenities and everything that comes with city centre living. The AMV is €195,000 and open viewings will take place on Wednesdays and Saturdays from 2pm to 3pm.
56 St Brendan’s Ave, Woodquay, Galway. They do not come much more central than this two bed terraced house, located just off Eyre Square, with NUIG, UCHG and all the city has to offer on its doorstep. Sure to attract the astute investor, this property does need some modernisation, but given its location, is a guaranteed strong rent for 12 months of the year. This sale of this property, includes the current tenancy, which runs to early June 2015, and with the current tenants in situ, a gross yield of 7.8 per cent is on offer. The house comprises a large sitting room, kitchen and bathroom on the ground level, with two double bedrooms, both with fitted wardrobes on the first floor. The AMV is €115,000 and open viewings will take place on Wednesdays and Saturdays from 3.30pm to 4.30pm.
Cahergall, Craughwell, Co Galway, is a part built property located in Cahergall, Craughwell, Co Galway, coming to market at the current level of construction. This is a substantial property with a floor area of c2,200sq ft and sits on a 0.5acre site. This offers the opportunity to complete this property to the new owner’s personal specifications and to create a family home. The AMV for this property is €35,000.
21 Cuirt na Rasai is a first floor two-bedroom apartment located in the Cuirt Na Rasai development on the east side of Galway city. The apartment is well designed and presented, offering an excellent opportunity to acquire an investment property in a well maintained and fully managed complex. The property is included in a pooled rental system. The development is located within close proximity of GMIT, Galway Technology Park and all necessary amenities. The AMV is €65,000. Open viewings will take place on Saturdays from 4pm to 5pm.
136 Fearann Ri, Doughiska, Galway, is located in the popular suburb of Doughiska. A four-bedroom detached property in reasonable condition. it comprises a sitting room, kitchen-dining room, w/c and whb on the ground floor, with four bedrooms, master en suite, main bathroom on the first floor. The house has gas fired central heating and is timber framed construction. TThe AMV is €150,000. Open viewings will take place on Saturdays from 3pm to 4pm.
Unit 1 Westgate Business Park, Ennis, Co Clare, is a commercial unit located in a busy industrial estate in Ennis, Co Clare. The unit spans two floors and consists of c5,000sq ft on the ground floor and an additional c 2,500sq ft on the first floor. The ground floor unit is vacant, while the first floor unit is occupied. Viewings are by appointment and the AMV for the unit is €175,000.
Church Street, Loughrea, Co Galway, is a mixed commercial/residential property built in the past 10 years and offering an excellent investment opportunity. The property comprises two ground floor commercial units c550sq ft each, one of which is occupied on an informal basis at €3,600 pa. The second unit is vacant, as are the two overhead residential units which are 890sq ft each over two floors. Both units are complete and ready to let and have own door access with private patio each. The AMV is €100,000. Viewings are by appointment.
Unit 4 Catherlavine, Loughrea, Co Galway, comprises a two storey end-of-terrace light industrial building extending to 285sq m which forms part of a group of four terraced light industrial units with communal grounds to the front and rear of all units. This is a modern steel frame structure with block infill which has been part completed at first floor to first fix wiring. The AMV is €50,000. Viewings are by appointment.
Unit 3 Bruach na hAbhainn, Spiddal, is a compact retail unit at ground level in the centre of Spiddal and fronting on to the main road. This unit of c420sq ft has excellent frontage in this busy village and benefits from a vibrant tourist influx. There is a range of commercial traders and this would be an excellent investment opportunity or for owner occupier use. The AMV is €40,000. Viewings are by appointment.
Thomas Street, Castlebar, Co Mayo, is a commercial premises located on Thomas Street close to the centre of Castlebar town. Totalling approximately 490sq m, the property comprises two separate ground floor units with offices overhead on the first and second floors comprising c300sq m. One of the two ground floor units is occupied, with the remainder of the premises vacant and suitable for a variety of uses. The building is finished to a high standard and ready for occupation. The AMV is€110,000. Viewings are by appointment.
Cuirt na Cora, Tuam, Co Galway, consists of two blocks of apartments (13-20 and 21-28 ), all being sold in one lot. The 16 units consist of 10 x 2 bed apartments and 6 x 3 bed apartments, being sold as unfinished blocks. The AMV is €40,000 (subject to VAT ),
The auctions take place on Friday April 24 in the Radisson Blu Hotel, Lough Atalia, at 3pm. Full details are available online at www.dnggalway.ie