With most of the media reports only focusing on the increase in property prices in Dublin, Don Colleran believes that Galway city centre has outperformed the capital as Galway still remains a destination city for those looking for a property investment which would give them a year round return and the additional expectation of capital appreciation.
Colleran’s next auction on December 5 features two properties that are attracting a lot of interest from investors, not surprising given that one of the city centre houses has an AMV of only €60,000. No 4 Grealishtown, located just a 10 minute walk from Eyre Square, opposite the new cemetery, is a derelict two storey house with a very large garden of approximately 80ft. In need of considerable attention which is already reflected in the AMV of €60,000, No 4 Grealishtown is proving of interest to developers and builders who see the obvious opportunity to add value and make a return on their investment. The last open viewing will take place this Saturday from 12.15pm to 12.45pm.
If you are looking for a city home or investment and Grealishtown sounds like too much work, No 23 Waterlane is a property you must see. Only a five minute stroll from Eyre Square, this cosy property is tucked away at the end of a quiet cul de sac on an elevated site fronting on to a very large green, something you will seldom find in the city centre. This two/three bedroom end of terrace house is proving of equal interest to first time buyers and investors due to its fabulous location. Waterlane offers all the conveniences of city centre living with every necessary convenience on your doorstep, yet is in such a tranquil setting that it is hard to believe you are in the centre of a thriving, bustling, city. The last open viewing takes place this Saturday from 1pm to 2pm. Immediate viewing of both properties is recommended before the auction on December 5.
For more information contact Colleran auctioneers at 091 562293.
