iamsold has noted strong interest and bidding on properties currently offered on its online binding bids platform, which is used by more than 300 auctioneers across Ireland. The company said interest remains strong on a wide range of property types, including family homes, builder’s projects, investment properties, and also commercial/land sales.
Shane May, sales manager for iamsold, commented: “After over two years of low stock levels, it seems that the property market may have turned a corner in terms of availability. Over the last couple of months, we have noticed an increasing level of supply coming to the market and we are up over 20 per cent overall on previous months. While stock levels still are not where they were pre-Covid, the recovery in terms of supply looks to be under way. We want to remind anyone thinking of selling that iamsold works on a ‘no sale, no fee’ basis, so not only is it an extremely attractive option for vendors, but also the pressure is on us to ensure we get results for our clients.”
Last week iamsold, along with many of its partner auctioneers, enjoyed a flurry for sales via the online binding bids platform, and the company is now taking entries for its August online dates and the upcoming auctions on September 8 and October 13.
Some of the successful recent sales include the following.
Clonwyn Guest House, Bar & Restaurant in Portumna, Galway, was offer for sale by Sherry FitzGerald Madden, Loughrea, at bids over €180,000. This licensed premises is located along Portumna’s main thoroughfare and comprises a bar, café, and function room area on the ground floor. The first and second floor house nine en suite bedrooms and four one-bed apartments. Although in need of modernisation, this investment project had excellent potential and local investors were quick to declare interest in the property. After some negotiations the vendor accepted a binding bid of €310,000.
In Mayo, CK Properties, Ballina, successfully sold a three bed cottage needing refurbishment in Renbrack, just a short distance from Foxford and Swinford. The property attracted strong interest from a number of buyers and the vendor accepted a binding bid of €102,500 prior to the July 21 auction date.
In Dublin, No 48B Botanic Avenue, Drumcondra, was sold by Kelly Bradshaw Dalton, Drumcondra. This exceptional investment property, situated in the heart of Drumcondra village, provides an investor with a rare opportunity to secure a significant building in a prime central location. Popular with both local and national buyers, the property successfully sold via the binding bids platform for €1.35 million.
Meanwhile in Waterford, a well located two bed semidetached property in Bunmahon was sold by Radley auctioneers, Dungarvan. No 2 Templeyvrick, while needing refurbishment, will make a fine home or indeed holiday home, and attracted a wide range of buyers. After 22 bids, the property was sold via the online auction for €122,500.
iamsold also offered a number of holiday homes for sale throughout July, and some of these sales are listed below.
Sold with Kate O'Shea auctioneers, Portarlington, was a stunning, newly thatched, cottage at Clonavoe, Clonbulloge, Co Offaly. Built on a private site, this dream cottage requires updating but is full of character and proved extremely popular with buyers before selling for €90,000.
In Dring, Co Longford, John Columb & Co sold a two bed cabin on the shore of Lough Gowna. The property offers the perfect getaway and had several interested holiday home buyers hoping to secure this unique home. The property was successfully sold for €49,000 to a delighted new owner.
iamsold is now taking entries for its upcoming online auctions on September 8 and October 13.
For more information on the iamsold binding bids platform or to discuss selling your property by auction, call the iamsold team on 01 244 0000 or visit www.iamsold.ie
