Strong success for Wexford properties at Allsop auction
Published 22/09/2015 | 00:00
The majority of Wexford properties which were up for grabs at the latest Allsop auction sold but there were seven properties which failed to sell.
The biggest sale of the day in terms of Wexford properties was the sale of 14 houses at St David's Well, Bridgetown. This had a reserve of €500,000 and consisted of five three bedroom semi detached houses, four three bedroom end of terrace houses and five two bedroom mid terrace houses. The property didn't sell at auction but was sold afterwards for the reserve price.
Number 7 Hillview Crescent, Seafield Golf and Country Club in Gorey, four bed house requiring completion works, sold for €200,000 which was €20,000 below the initial reserve.
A derelict detached house on a site of 0.5 acres at Sallyville Close, Rosslare sold for €147,500 which was a whopping €117,500 over the reserve of €30,000. A first floor two bedroom apartment at Dunbrody Wharf in New Ross which had a reserve of less than €25,000 went under the hammer for €36,000.
There were no bids on a mid terrace one bedroom house at Armstrong's Range, Shannon Hill, Enniscorthy which had a reserve of less than €25,000 and similarly there were no bids on a two bed end of terrace house at 2, Tuskamore Avenue, Rosslare Harbour which had a reserve of not more than €70,000.
An end of terrace three bedroom house with some fire damage at 18 Cross Street, New Ross sold for €22,000, €7,000 above the reserve of €15,000.
A three bed duplex apartment at 41 Cromwellsfort Grove, Mulgannon which had a reserve of less than €60,000 sold for €80,000 while a three bed semi detached house at 60, The Orchards, Enniscorthy, sold for €132,000, €52,000 over the reserve of €80,000.
A five bedroom two storey house at Brideswell Big, Ballyellis, Gorey with gardens front and rear failed to sell. It has a reserve of less than €130,000 and the last bid on the property during the auction was €100,00.
Three properties at Meadowfields, Enniscorthy, 4 Meadowfields Close, 234 Meadowfield Avenue and 17 Meadowfield Hall, had a combined reserve of less than €115,00. The entire lot which consisted of two two-bedroom houses and one two bedroom apartment eventually sold for €182,500, €67,500 over the initial reserve.
A detached four bed house at 6A Ardamine Grove, Courtown which had a reserve of not more than €110,000 failed to sell as did a house at 51 Charlotte Grove in Gorey which had a reserve of less than €110,000.
A four bed house at Ballytrammon, Castlebridge with a reserve of less than €130,000 also failed to sell and the last bid on the property was €90,000. A detached four bedroom house at Glenrichards Wood, Courtown which had a reserve of less than €125,000 also failed to sell.
A ground flood two bedroom apartment at 1 Annagh Close, Pearse Street, Gorey with a reserve of less than €65,000 made the reserve price while a detached cottage, Milltown Cottage, in Milltown, Enniscorthy sold for €50,000, €5,000 more than the reserve of €45,000.
Two ground floor two bed apartments at Nos 7b and 8 Meadowland Court, Enniscorthy, both of which had a reserve of not less than €30,000 were sold prior to auction for an undisclosed sum.
A mid terrace two bedroom house at 24, The Coach House, Forrest Park, Courtown which had a reserve of less than €70,000 was withdrawn from auction.
In total over260 properties were sold during auction for a combined value of €45 million with a success rate of 80 per cent.
Robert Hoban, Commercial Director & Auctioneer, Allsop said: 'We are pleased with the overall results from the auction. Outside the cities, the market is more price sensitive and we saw buyers being selective in their choice of properties. We eagerly anticipate an improved finance market in the near future, acting to gradually restore a more functional, predictable and sustainable property market.'