Demand for property remains high despite restrictions

IAM Sold Property Auctions, which runs The Connacht, Leinster, Munster, and Northern Ireland Property Auctions, has a number of upcoming online auctions, with the next Connacht Property Auction taking place on April 29. The company says its online auctions have been in high demand over the past few months, and offer buyers and sellers the chance to transact their properties without any need for the travel and interactions needed with other sale processes.

Sales manager Shane May commented: “While current restrictions are preventing the industry from working to full capacity, we have seen a significant increase in the inquiry levels on this time last year prior to the pandemic. The first quarter of 2021 has been busy, both in terms of sales and inquiries, despite available properties being at their lowest level in over 10 years.”

Mr May continued: “Once lockdown restrictions were lifted last year, the pent-up demand was very evident with a surge of sales and closing from June to December. We are confident that this will again be the case once restrictions ease, and with low stock and high demand, it is surprising good time for property owners to sell their properties.”

The Connacht Property Auction is the only auction company which does not charge any up front costs to enter a property into auction and with buyers spread across the province, the auction team are confident they can continue to get strong results. For a full list of properties visit www.connachtpropertyauction.ie Ballynasooragh, Eighter, Menlough, Mountbellew, Galway

Offered at bids over €195,000 in partnership with Tyrrell auctioneers.

This is an extremely spacious four bed detached property in need of internal completion but offers exceptional potential for someone to put their own stamp on a very worthwhile project. Key to the property's appeal is the large 0.5 acre-plus site with spacious front and side driveway and extensive rear garage with loft storage. Situated in the delightful location of Killascobe, the property is close to an array of amenities and just 25 minutes from Tuam.

No 28 Rian Luachra, Ballybane, Galway

Offered at bids over €230,000 in partnership with RE/MAX Galway.

An excellent opportunity to purchase a three bed semidetached property with the added benefit of a site with full planning permission granted for second three bed semidetached property to the side of the existing property. No 28 itself is presented in excellent condition throughout, having been well maintained by the current owner. The rear of the property boasts a sunny south facing aspect with gated side access and large manicured lawns to the rear and side of the property. Rian Luachra is a wonderful family friendly estate located four minutes from Merlin Woods and five minutes from Ballyloughane Beach.

An Pon da Rosa, Rossmore, Woodford

Offered at bids over €295,000 in partnership with Keary auctioneers.

This is a fine opportunity to acquire two dwellings with added studio on a large site idyllically located within walking distance of Rossmore Quay and the majestic Lough Derg. House 1 is a four bed property extending to 160sq m; this is a tastefully renovated stone farmhouse which was extended in 2000. House 2 is a two bed property, extending to 75sq m, and is a recently converted and extended stone stables, renovated in 2008. The studio is another converted stone building and is currently used for storage but has two attic rooms along with an open plan kitchen/living room and bathroom.

The auction team are encouraging property owners to make contact with them to arrange an initial valuation on 091 882 121, or visit www.connachtpropertyauction.ie

 

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