Strong success for Wexford properties at auction
Published 12/03/2016 | 00:00
Eleven of the 18 Wexford properties up for grabs at the recent Allsop auction sold while two were withdrawn.
A three bed semi-detached bungalow at 50 The Cottages, St Helens Drive, Rosslare sold at auction for €95,000 which was bang on its reserve price of not more than €95,000.
In Enniscorthy 67, Westbury Woods had a reserve not to exceed €90,000 going into the auction. The house is a three bed semi-detached house with a garden to the rear was sold after the auction for an undisclosed sum.
Number 5, 7 Crescent Mall in Wexford town had a reserve of less than €40,000 in the auction catalogue. The first floor one bed apartment with a small balcony which has a view of the harbour sold at auction for €60,000, €20,000 more than the reserve.
Four residential units at 1,2,3 and 4, 4 Castlehill, Enniscorthy, a three one bedroom apartments and one two bed apartment in a mid terraced building, had a reserve of €76,000 and it sold for exactly that on auction day.
A fire damaged house at 17, Gorey Hill, Gorey which had a reserve of less than €55,000 sold for almost €40,000 more than that selling for €94,000. The detached three bed bungalow has off street parking and has gardens front and rear.
3, Mill Yard Park in Enniscorthy which had a reserve of less than €60,000 was sold after auction for an undisclosed sum. The house was marketed as a mid-terrace two bed house with off street parking.
Unit 10 at Westpoint Business Park had a reserve of between €65,000 and €85,000 going into auction. The property which is arranged over ground and part first floor to provide a mid terrace retail warehouse unit eventually sold for €80,000. Internally the property comprises two offices, a, dance studio and a storage unit at ground floor level together with offices over head.
Apartment 92, Bellevue Heights, New Ross, a ground floor two bedroom apartment, had a reserve of less than €45,000 and sold for €55,000. A first floor two bed apartment with off street parking at 12, Millwood, Carrigduff, Bunclody sold for €50,000 which matched its reserve of not less than €50,000.
1 Bridge Street, New Ross went to auction with a reserve of less than €50,000. The end of terrace retail unit is currently let to the Sue Ryder Foundation for a ten year term which began in September 2009 with a current rent of €10,400. It failed to sell at auction but sold afterwards for an undisclosed sum.
24 Drumgoold Villas in Enniscorthy, a vacant three bed semi-detached house which has a garden to the rear and off street parking sold on the day for €50,000 which equalled its reserve of not less than €50,000.
Two sites, one a 2.29 acres site on the Newtown Road which had a reserve of €27,500 and a six acre site at Killeens which a reserve of between €40,000 and €55,000, both sold at the RDS. They went for €192,000 and €97,000 respectively. The Newtown Road site was sold for almost seven times its reserve making it the most successful Wexford sale at auction.
Five Shannon Court in Courtown had a reserve of less than €80,000. The semi detached three bedroom house with gardens front and rear which is currently tenanted with an annual rent of €5,400 went unsold at auction.
Similarly a detached house at Kilcorkey Lane, Ballycanew which had a reserve of less than €130,000 was unsold. It was marketed as a four bed house which sits on a site of 1.4 acres and has off street parking.
A complete development of four townhouses, three three bedroom and one two bedroom, at Bellefield Court, Bellefield Springs, Enniscorthy also failed to sell. This development had a reserve of less than €285,000 and one of the houses has a sitting tenant paying an annual rent of €6,600. There is parking to the front of the development.
This is not the first time the property failed to sell at auction having been offered for sale last year.
A 15.5 acre parcel of land at Kilmurray close to Gorey which had a reserve of not less than €80,000 was withdrawn from the auction as was 6 George's Street Lower, in Wexford town.
Jonathan Fenn, Divisional Director, Allsop Residential said: 'We are delighted that the demand for multi-lot investment properties has continued'.