The Connacht Property Auction is noting the current surge in buyers is likely to continue into the summer months as the firm record levels of inquiries from buyers. The firm is encouraging property owners who are looking to sell their property that now is an excellent time to come to the market.
Before any property comes to the market, the auction team will agree a minimum reserve figure - giving the property owner total control over their minimum walkaway figure. Bidding must reach at least the reserve, and usually exceeds this figure until the highest bidder has secured the property. There is no cost to enter the auctions, so it allows vendors to proceed to market without any financial cost to do so.
Shane May, sales manager for The Connacht Property Auction, commented: “Latest Daft.ie figures show that the number of homes available to buy is down 34 per cent year-on-year and with the supply shortage, we are currently experiencing extremely strong inquiry levels on the majority of the properties we are offering. We have recorded a c95 per cent increase in inquiry levels versus 2020, with no sign of demand slowing down just yet.”
IAM Sold, which runs The Connacht Property Auction, is also holding a specialised national holiday home auction on July 15. Mr May confirmed that this special auction event will feature properties from around Connacht as well as the rest of Ireland, adding: “We are encouraging any buyers seeking to purchase a holiday home or coastal property to visit www.holidayhomepropertyauction.ie for properties of interest.”
Properties of note currently for sale with The Connacht Property Auction include the following.
An Pon da Rosa, Rossmore, Woodford, Galway
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 tastefully renovated stone farmhouse was extended in 2000.
House 2 is a two bed property, extending to 75sq m, comprising 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.
No 28 Rian Luachra, Ballybane, Galway
Offered at bids over €215,000 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 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.
Carrownageeloge, Donamon, Roscommon
Offered at bids over €260,000 in partnership with Oates auctioneers.
This exceptional four bed, two storey residence is built on an elevated hillside site with spectacular views over the surrounding countryside. Situated just 15 minutes from Roscommon town centre, this is a rare opportunity to acquire a property of this calibre which was built to the highest standard with no expense spared.
To discuss selling your property by auction or to arrange a free valuation, call the auction team on 091 882 121. The next online auctions take place on July 1 and August 19. For more information or to register to bid visit www.connachtpropertyauction.ie
