This article is from page 4 of the 2013-12-17 edition of The Clare People. OCR mistakes are to be expected so download the original SWF or the rendered page 4 JPG
THE property market in Clare could be on the verge of a recovery with a number of Clare properties making far more than their reserve at auction last week.
Four Clare properties sold for a combined total of € 228,000 at last week’s Allstop Auction in Dublin, a full € 83,000 of 57.2 per cent above their reserve.
The best performing property was a three bedroom, end of terrace house in Bunratty which sold for was € 92,000. The property, which was located in the Castle Garden development, went on the market with a reserve of just € 30,000.
Another property to perform well was was an end of terrace, three bedroom house in Mountshannon. The Lakeside Close property went on the market with a reserve of of € 35,000 but went on to be sold for a total of € 46,000.
A site with planning permission for a two-story detached house at Knockanean in Ennis also exceeded its reserve at last weeks Allstop auction. The site, which measures approximately 0.25 hectares, went on the market with a € 50,000 researve but was eventually sold or € 60,000.
The only Clare property not to exceed its reserve was a two-bedroom apartment in Kilkee. The apartment, which is located in the Kilkee Bay Apartments development, went on the market with a € 30,000 reserve and was sold for the same price.
The auction attracted more than 1,000 bidders with a total of 144 properties offered for sale. This latest auction was by far the largest undertaken by Allstops with with € 25 million worth of property being sold – almost double the next largest Allstop auction in which € 13 million worth of property was sold.
Large properties sold at the auction include an 18-hole golf course at Woodlands Golf Course sold for € 650,000. The 127-acres property includes a pitch and putt course and practice area.