Three properties sell above guide price at Sligo auction

Three properties were sold last Friday at the first public property auction in Sligo in five years.

The properties, all in Sligo town, had guide prices of €25,000, €65,000 and €75,000 respectively but sold for €43,000, €69,000 and €81,000.

There was massive interest in the sale of the properties – two of which were being sold on behalf of a receiver – with more than 80 bidders at the public auction.

“It just shows that if the guide is set at a reasonable price, people are willing to buy. If the price is fair, there are always buyers out there,” said Shane Flanagan, a partner at DNG Flanagan Ford, who ran the auction.