It was a case of being in the right place at the right time for a young couple who walked away from a property auction with their dream home.
Bostonian Jenette Delmonaco, who is currently living in Cork, snapped up a three-bedroom but 2,500 sq ft house in Ballinagree, Macroom, Co Cork, that sits on over two acres — for just €104,000.
The 28-year-old was thrilled with her success.
“My boyfriend is just after talking to my mum so I am sure she is over the moon, to be honest,” she told RTÉ radio.
“My boyfriend and I have been looking for a place for a while, just waiting for the right place, the right time, the right price. We came in with our limit and now that my limit was successful, I know that my mum is probably jumping through the phone.”
Overall, 87 properties were sold at the Allsop/Space auction for a total of €12.915m, some €2.6m over the combined reserve prices. The highest price secured was €735,000 for the Darby O’Gills Hotel near Killarney, while the lowest price of the day was €10,000 for a 2.5 acre site in Connolly village in Co Clare. Ten properties went unsold and nine were withdrawn.
At least one part of a ghost estate sold at the auction will be cleaned up, with the buyer of three units at Ballyjamesduff in Co Cavan claiming he would repair the units before surveying his options.
The buyer, a developer from the North who did not wish to be named, bought two semi-detached houses and one detached house at the unfinished Woodlands development for €122,500, having fended off other interested bidders.
The properties at the height of the boom were valued individually at around €200,000.
Answering in monosyllables, the buyer admitted that he had got a bargain.
He said he was “a bit” nervous during the bidding process and was happy to secure the properties as “it’s not too far across the border” from where he lives. He was “happy enough” with the price.
“I will finish the houses and see what happens,” he said of the three properties, adding that in time he would probably reapply for planning permission for other houses on the four-acre site.
There are 36 houses in the finished part of the estate at Killyfinla, originally built by Seaview Castle Contracts and sold by receiver Kavanagh Fennell.
The lot had attracted attention in advance of the auction, not just from prospective buyers but also from families already living in the estate and wondering whether it would ever get finished. Allsop believe similar properties may feature in upcoming auctions.
Fewer people attended yesterday’s auction than previous affairs but business was still brisk, with the well-established Weirs pub in Dún Laoghaire, selling for €450,000.
It was also a red-letter day for auctioneer Daphne Mahon, who made her debut at the auction block, entering the fray with Lot 52. Unfortunately, the four-bed house at Lough Sillan Lodge, Co Cavan, failed to make the reserve, meaning Ms Mahon, from Kesh, Co Fermanagh, had to wait until the sale of the next lot — a site at Convoy, Co Donegal, which sold for €23,000 — to win her round of applause.
As many people know, it’s not always easy, this property lark.
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