There was tremendous bidding at the O’Donnellan & Joyce auction of No 7 New Avenue Wood, Rahoon. The property is an attractive three bedroom semidetached house situated in a wonderful location of New Avenue Wood. In terms of convenience, the agent outlines that this property has it all as it is within easy access of Galway city centre and Salthill. In addition No 7 New Avenue Wood has the advantage of being only a stone’s throw from NUIG and UHG.
The property contains an entrance hall, living room, a downstairs toilet, and a kitchen/dining room with access to the rear patio and garden. On the first floor there are three sizeable bedrooms, the master of which is en suite, and a main bathroom. The property measures circa 1,000sq ft and is in need of some modernisation and refurbishment.
The property was presented to the market with an AMV of €220,000 and attracted excellent viewings throughout the five week marketing campaign prior to the auction. At the well attended auction room in the Harbour Hotel bidding commenced at €210,000, and with three individuals chasing the property in increments of €1,000 it finally reached its reserve price of €220,000 and was placed on the market by auctioneer Colm O’Donnellan. Eventually, after an intense period of bidding between the final two interested parties, the hammer fell at a price of €240,000.
Auctioneer Colm O’Donnellan said that there is tremendous interest in properties, particularly at the lower end of the market, and there is no shortage of buyers for properties at realistic prices.
For all information on properties available with O’Donnellan & Joyce auctioneers contact (091 ) 564212 or visit www.odonnjoyce.com
