Two-bed bungalow goes for €800,000

THE market keeps on throwing up astonishing results, but last Friday’s auction result for a sleeping beauty of a house in Glounthaune surpassed all expectations.

Riversdale in Lackenroe, Glounthaune, Co Cork, was launched as an executors sale through Anthony O’Regan of Keane Mahony Smith and ended up making €800,000 at auction.

A two-bedroomed bungalow, only the chimney pots were evident when the agent went on site, but with two acres and a modern enough bungalow, he felt he’d make the reserve of €300,000.