Following a dramatic price reduction in the exclusive development at The Orchard, Moylough, prior to Christmas, Tony Joyce has reported that the dramatic reduction in prices enticed a huge number of enquiries for the remaining properties and that six individual houses were sold within a week, proving that while times in the property market remain difficult, when a property is priced at a significantly reduced realistic price the level of interest is immense.
Mr Joyce said that the clients who purchased the properties were all loan approved and ready to complete the sales, indicating that there are buyers in the property market with mortgages in place. The dramatic reduction in the Moylough houses was approximately 45 per cent, reflecting current trends in the market for property outside Galway city. This realistic approach resulted in success for both the developer and the purchasers.
To sell the final units in the estate the builder, Dangan Developments, and O’Donnellan & Joyce auctioneers cut the prices of two, three, and four bedroom houses to prices ranging from €95,000 to €140,000. Having analysed the current trends in low interest rates, the properties would attract a weekly full mortgage repayment of approximately €73 on a €90,000 loan over 35 years at a rate of 2.4 per cent for first time buyers. This represents an unprecedented opportunity to get on the property ladder with prices slashed to their lowest level ever.
As a consequence of the interest in the development only one property now remains unsold. This is a very attractive four bedroom semidetached home which is finished to the highest of standards with a host of extra features. This property is located at Number 26 The Orchard and has the benefit of having a large corner site at the end of a quiet cul-de-sac. This property was only released after the Christmas break. Full details and viewing arrangements can be made by contacting Tony Joyce and appointments will be arranged at potential purchaser’s convenience. This four bedroom semi, which is the last remaining property in the development, represents incredible value at only €140,000.
The Orchard, Moylough, is a mixed development of superior homes, each spacious and carefully designed to provide outstanding modern living standards in tastefully landscaped surroundings. This thoughtfully designed, low density development is positioned in a highly desirable location in the centre of Moylough village. As the boundaries of Galway city are expanding, areas such as Moylough are now considered to be very accessible and within an easy commuting distance of Galway. Moylough offers tranquillity and convenience to those seeking the charm of country life. The village has expanded over the last number of years and most needs are catered for on the doorstep with shopping amenities and a range of facilities within easy walking distance. This location offers the escape for the hustle and bustle of urban life while enjoying the peace and security of a friendly country village existence.
The most outstanding feature of the properties is the dramatic price reduction. Full details can be had by contacting Tony Joyce on (086 ) 2529110, Kate Joyce on (087 ) 6541890, or O’Donnellan & Joyce auctioneers at (091 ) 564212.
