Mixed success for Wexford properties at auction
Published 14/07/2015 | 00:00
Just over half of Wexford properties up for grabs during two separate Allsop auctions last week.
In total 13 properties, a mix of residential and commercial, were on offer during the two day action in Dublin with seven properties sold during the fast paced auctions. A number of properties were withdrawn before auction.
There were 10 residential properties with half of these selling. Of the five that didn't sell two, Grattan Terrace, Gorey and 17 Alder Court in Ferns were withdrawn prior to auction.
60, The Orchard, Enniscorthy which had a reserve of €120,000, apartments 10 and 29 at Dubrody Wharf, New Ross which had a reserve of €80,000 and 1 Cromwellsfort Grove, Mulgannon, Wexcford with a reserve of €75,000 failed to sell at auction.
A four bed detached house at Ballintray Lower, Gorey sold for €137,500, €47,500 above the reserve price while four apartments, at The Hall, Meadowfield, Ennisorthy sold for €135,000, €15,000 more than the reserve.
A four bed semi detached house at Chestnut Walk, Kilmuckridge sold for €95,000 which was €30,000 more than the reserve while a two bed room end of terrace house at 11 Michael Street, New Ross in need of refurbishment sold for €52,000 - €32,000 more than the guide price.
8 Abbey Hall, New Ross went under the hammer for €35,000 which was the reserve price. This was the cheapest property from Wexford which sold at auction.
In terms of commercial properties there were three Wexford properties on offer at the commercial Allsop auction with all three being New Ross properties.
Number 1-4 in the Waterside development in New Ross had a reserve price not to exceed €25,000 but sold for €47,500. The first floor commercial unit is finished to shell and core specification with potential for sub-division into four units.
The second property, a mid terrace mixed use building, was located at 12 Charles Street, New Ross. However it failed to sell with the final bid made on the day standing at €40,000.
A property at 90-94 Mary Street, New Ross, was withdrawn prior to auction. The building comprised three adjoining mixed use buildings together with 1 end of terrace residential building.
Robert Hoban, Director of Auctions said:'It was great to see such a full house in the RDS right from the start of the auction including many new faces. In the residential auction prime Dublin investments were the standout performers.'