Mixed success for Wexford properties at Allsop auction
Published 14/05/2016 | 00:00
A number of Wexford properties failed to sell at the latest Allsop auction in Dublin last week.
The auction which took place in the RDS featured over 200 residential and investment properties with a total value reserve of over €24m. The catalogue offered a broad range of houses and apartments located nationwide, along with a selection of over 70 commercial properties.
In Wexford, the most expensive property being auctioned off, a four bed detached house at 2 Miillford, Craaford had a reserve not to exceed €180,000. However the house which is currently tenanted failed to sell at auction.
A three bed semi detached house at 89 Hazelwood, Gorey which is currently vacant and has a garden to the rear as well as off street parking had a reserve of not more than €140,000. It went on to sell for exactly this price.
However a similar house at 77 Hazelwood, Gorey with the same reserve of €140,000 was withdrawn prior to auction.
13 Ashfield Drive, Clonard, an end of terrace house with a garden to the rear, sold for its reserve price of €85,000 while a mid terrace three bedroom house at 15 Glenrichards,Cove, Ardamine, Gorey which had a reserve of €75,000 was also unsold.
A ground floor two bedroom apartment with off street parking at 2 Dair Ard, Boreen Hill, Enniscorthy which had a reserve of €45,000 went on to sell for €67,000, €22,000 over the asking price.
The final two properties, a first floor one bedroom apartment at 17A, The Moorings, New Ross with a reserve of not more than €30,000 and Apartment 10, Waterside, Rosbercon, New Ross with a reserve of €20,000 both sold after the auction for an undisclosed amount.
Jonathan Fenn of Allsop said: 'It was evident that investors are dominating the auction room driving strong prices.'