Property Partners Maxwell Heaslip & Leonard has seen quite an active start to the year with a flurry of new homes being brought to the market. Many vendors are now taking a very realistic view with pricing and it is now very often the case that it would be nigh on impossible to replace many homes at the prices they are being sold for. According to James Heaslip this is very much a repeat of the mid 1980s when a similar cycle happened. At that time property prices plummeted and sites were very difficult to sell due to this imbalance in pricing. This imbalance will certainly rectify itself, but for the time being, he said, it is time to take advantage of the incredible value out there.
One property offering exceptional value is a traditional bungalow in a scenic area overlooking the surrounding countryside in the townland of Leitir Meas, which can be found 6km north of Spiddal village.
The property is in good condition throughout, has been refurbished in recent years, and would be an ideal permanent residence or holiday home.
Alan Maxwell said that any prospective purchaser of this property will enjoy rural living, within a short drive of both Spiddal and Galway. The landscape in the harsh January cold is vastly different to the annual flurry of activity of turf cutting and saving during the summer months, and this contrast is part of the appeal of this area.
The property, which is approximately 80sq m, has a nice cosy feel with two bedrooms, a kitchen/diner, and living room.
You definitely will not be bothered by rush hour traffic in Leitir Meas, according to Mr Maxwell, but if you want to get away from it all, then at an asking price of just €75,000 this represents exceptional value for money even in today’s climate.
Another property which can be regarded as a steal has just been offered for sale at Killanin, between Moycullen and Oughterard.
Located off the main road and adjacent to the renowned Brigit’s Garden, this dormer home stands on a secluded site surrounded by woodland. The property will require some work to complete, however in this location, where planning permission is quite difficult to obtain, this is a magnificent opportunity. The area has a vibrant community, with the local GAA pitch just down the road. Easy access to local primary and secondary schools will ensure this home will appeal to a growing family.
Standing on a site of 0.68 acre and surrounded by woodland, this property has lots to offer. The house is an impressive 211sq m and features a large kitchen/diner with adjacent utility, a living/family room with solid fuel stove, and a downstairs study. At first floor level there are five bedrooms, two of which are en suite, along with a large main bathroom.
This property is going to attract a lot of interest according to the agents. Fergal Leonard, who is looking after the sale, has said that despite the current climate, properties which are within an easy commute of town and offered at exceptional prices will always sell.
Mr Leonard said the AMV of €120,000 is almost too good to be true, and that there is no way that this property could be replaced for this price. He expects to be very busy in the coming weeks dealing with home buyers running the rule over this home in Killannin and is very hopeful that a successful sale can be expeditiously negotiated.
All appointments to see either property can be made by contacting the agent, Property Partners Maxwell Heaslip & Leonard at its Francis St offices, phone (091 ) 565261, or visit www.propertypartners.ie
