Strong success for Wexford properties at auction

By esther hayden

Published 12/03/2016 | 00:00

50 The Cottages, Rosslare.
50 The Cottages, Rosslare.
67 Westbury Woods, Enniscorthy.
17 Gorey Hill, Gorey.
Units 1-4, 4 Castlehill, Enniscorthy.
Unit 10, Westpoint Business Park, Clonard.
3 Mill Yard Park, Enniscorthy
Apartment 92, Bellevue Heights, New Ross.
Apartment 92, Bellevue Heights, New Ross.

Eleven of the 18 Wexford properties up for grabs at the recent Allsop auction sold while two were withdrawn.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'.

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