An estimated 600 people attended a bumper auction in Galway City, at which more than €3.6 million worth of property was sold.
The O’Donnellan & Joyce auction last Friday saw a packed auction room in the Harbour Hotel, will potential bidders and onlookers flowing out into the corridor outside.
A total of 28 properties in the city, county and in Longford, Westmeath and Roscommon, went under the hammer – 26 sold, and the other two are under “an advanced stage of negotiations”.
Colm O’Donnellan said it was his most successful auction in the company’s 30 years in business, adding that more than 3,000 people viewed the live stream of the auction on their website.
He said he hopes to double the size of the catalogue for their next auction in July.
“We are hoping to double the amount of properties placed for sale for our next public auction and are looking for properties throughout all the West of Ireland,” said Mr O’Donnellan.
The biggest city result of the afternoon was a large five-bed semi-detached family home in Newcastle, which sold for twice its guide price.
No. 13 Carbry Road had an Advised Minimum Value of €160,000, and was chased by 10 different bidders, before the hammer dropped at €320,000.
There were two properties in Castlelawn Heights on the Headford Road sold. Both had AMVs of €130,000 – No. 200 is a 3/4-bed semi sold for €154,000, while No. 150, a 3-bed semi sold for €150,000.
In Salthill, 51 Whitestrand Park, a detached house currently divided into four flats, was pursued by five people, and sold for €230,000. The AMV was €190,000.
Bidding on No. 20 Dalysfort Road, a six-bedroom terraced home, started at €130,000 and two bidders brought the selling price to €370,000, just under its AMV of €375,000.
Two neighbouring semi-derelict homes in Devon Park which had AMVs of €100,000 were also sold – No. 6 Devon Park for €110,000 and Lenaboy House for €125,000.
In Knockanacarra, No. 4 White Oaks on the Clybaun Road – a four-bed semi in need of refurbishment – sold for €146,000. Its AMV was €120,000.
No. 26 An Logán, a three-bed apartment just off the Western Distributor Road which failed to sell at a previous auction, sold for €127,000 – one-third higher than its AMV of €95,000. It attracted strong interest from first-time buyers.
