The dilapidated property sold for almost €200,000 after a bidding war
A dilapidated Cork home severely damaged in a fire in 2021 has sold for €44,000 above its initial asking price via an auction on an online bidding platform.
Pictures of the property on Daft.ie show a four-bedroom home gutted by fire. Some of the house’s front windows are boarded up, and most of its interior walls and fixtures have been badly burned and blackened by smoke.
On February 16, the house was auctioned on Youbid.ie, a digital portal for live online property auctions.
Amid a quick succession of bids from six different parties, the 158sqm home’s price had jumped up to €194,000 before the auction concluded some 90 minutes later.
Youbid associate director Brigid Downes said online auctions were beneficial for buyers in that they can see how the bidding on their desired property unfolds before deciding to make an offer themselves.
She said that No 48 Gardiners Walk was one of a number of properties auctioned by the platform that day.
“We had a variety of properties on offer at our latest auction, from homes in prime rural locations to fixer-uppers, to commercial premises, and there was great deal of interest,” she said.
Another property in need of significant refurbishment — a three-bedroom, home in the townland of Lissahane near Listowel, Co Kerry — also sold for well above its asking price after a similar bidding battle between two prospective buyers.
The original €66,000 asking price rose to €85,000 just two minutes after the online auction began.
A modern, detached residence with a floored attic in Finglas is being brought to auction by online estate agent youbid.ie.
Indicative of the current housing market, bidding for Number 3 Clancy Court, in Finglas, begins at €350,000.
The property – which is being sold with the benefit of vacant possession – has a large rear garden and driveway to the front.
Measuring 80 sqm, the house has an entrance hallway, guest toilet on the ground floor, kitchen and dining area, sitting room, two double bedrooms and a single bedroom, and a family bathroom.
Typically houses in Finglas vary from an average of €250 upwards. A terraced three bed on Ratoath Avenue is currently being sold by Ray Cooke with a guide price of €210,000 and a 2 bed/2bath end house on Abbotstown Road is marketed at a guide price of €275,000.
A three bed by HJ Byrne on Kilshane Road has a guide price of €295,000 and a terraced house brought to market by DNG on Hazelcroft Road is on at a guide price of €250,000. Obviously, condition of property and outside space are also factors in the pricing.
The double-glazed home on Clancy Court is close to a variety of sporting and leisure facilities, such as Tolka Rovers FC and Erin’s Isle GAA club, along with being situated close to Charlestown SC and DCU Sports Complex.
Seven lots from five counties are going under the virtual hammer in youbid.ie’s on Thursday, February 16 sale.
Documentation and brochures are available by registering on Youbid.ie or by calling 01-567 6979. Email: info@youbid.ie for more details.
As house prices have continued to increase nationwide, we have noticed an increase in the number of First Time Buyers and owner occupiers starting to buy houses at auction. One of our latest home buyers was a first-time buyer in Cork, who contacted us to let us know how pleased she was with the entire process. She was delighted with the end result and was kind enough to provide images of her newly renovated home. She is a first time buyer, owner occupier who bought her first ever home via Youbid.ie
I purchased my first home through Youbid during the Summer for a great price. I spent the past few months renovating the apartment and I couldn’t be happier with the end result.
From viewing the property to handing over the keys, the entire process was made a breeze by the support and communication of the Youbid team. I couldn’t recommend purchasing through an auction more!
Take a look at these amazing before and after images below. We just love the transformation
Kitchen / Dining Room Living Room Bedroom
If you are considering buying at auction, take a look at some of the benefits here
Faster process
There is no quicker way to purchase a property. From the get-go you know the timelines for carrying our due diligence, placing bids, and closing. The auction process is faster than the traditional method whereby the legal pack is available from the beginning when the property is advertised. So if you’re looking for a fast sale, auction is the way to go.
Value
In general, when buying at auction buyers do tend to get better value and often get a bargain on a property. It all depends on who is bidding for the property on the day, if you’re lucky you may be the only bidder. However, most properties sold via auction are in need for refurbishment, which provides the opportunity to add value to the property through improvements which will increase the resale value.
No Uncertainty
With auction properties, the legal pack is available from the beginning so you don’t have to worry about running into any surprises or upsets. The legal pack will normally include; title deeds, any relevant planning permission and leases for tenanted properties.
Winning Bid
Once the digital hammer lands, the property is yours. As a purchaser you don’t have to worry about the seller changing their mind, gazumping or the deal falling through.
A partially completed, five-bedroom detached home with stunning views of the Hook Peninsula is one of six residential Wexford properties going under the hammer in an online auction.
Bidding for the two-storey, house in Ramstown, located 2km from Fethard-on-Sea, begins at €145,000 and with stunning views of the surrounding landscape and Carnivan beach just a short stroll away from the 190 sq metre property it’s in one of the most sought after areas in the county.
Hook Lighthouse and Loftus Hall are 10-minutes away by car with New Ross and the N25 just 30 minutes and 25 minutes away, respectively.
Internally, the downstairs sitting room of the house has a chimney suitable for a stove and the kitchen and dining room, utility room, sunroom and two double bedrooms, which have potential for ensuites, are also on ground level.
There are roof windows that bathe light on the upstairs landing and with three double-bedrooms on the first floor there is plenty of accommodation space and, again, ample potential for ensuite facilities. The main bedroom has room for a walk-in wardrobe.
In the same auction, which is being organised by Youbid.ie, there are two similar family homes, in the same street, going junder the hammer.
They are located on the outskirts of Wexford town and include No. 36, Evergreen Way, in Whitebrook, which is a three-bedroom, mid-terraced residence measuring 95 sqm. The AMV is €170,000 and the property has a ground-floor guest WC, kitchen and dining room with double doors to the sitting room, open fire and door to the rear garden.
There is off-street parking to the front and ensuite facilities in the master bedroom.
Meanwhile No. 17 Evergreen Way, is also a three-bedroom, mid-terraced residence, which also has an AMV of €170,000.
Measuring 94 sqm, the accommodation is comprised of an entrance hallway, guest WC under the stairs, kitchen and dining room, sitting room, three bedrooms, with one ensuite, and a family bathroom.
There is also a large garden at the rear of the house and off-street park at the front.
Another property going under the hammer is No.13, Rosbercon Court, New Ross, which is a first-floor flat with an AMV of €65,000. It’s being sold with tenants in situ and current rent is €480 per month.
Measuring 76.5 sqm, the property has an entrance hallway, kitchen and dining area and main bathroom. The flat, which has designated underground parking, is within easy access of the new N25 bypass and just a few minutes walk from the town centre.
In Wexford town, with an AMV of €115,000, No.3, Bayview Drive is an extended semi-detached property with converted garage and measures 121 sq metre.
The house is less than a 1km from Wexford General Hospital and the town centre and is being sold with tenants in situ.
Another property going under the hammer, with an AMV of €230,000, is No.24, Gorey Hill, Gorey, that’s a three-bedroom detached bungalow located within a popular development.
Measuring 98 sq metres, the double-glazed property is ideal for refurbishment and is within walking distance of the town centre. There are gardens to the front and rear as well as off-street parking.
The six Wexford properties are among 22, from 10 counties, listed for the auction which will take place on October 27.
All are listed on the platform and documentation and brochures are available by registering on Youbid.ie or by calling 01-5676979.
For more information about the properties and the auction email info@youbid.ie
A beachside holiday home is one of four properties in Kerry going under the hammer in the latest Youbid online auction.
Number 67 Banna Beach is a three-bedroom, detached cottage within the grounds of Banna Beach Holiday and Leisure Resort and has an advised minimum value (AMV) of €90,000.
Situated a short stroll from the blue-flag beach, the cottage has a large communal garden to the front and rear, a kitchen and dining area, and a shower room with wash-hand basin and WC.
All bedrooms have built-in wardrobes. There is a swimming pool at the resort as well as indoor and outdoor playgrounds, a bar, restaurant and gym facilities.
A second holiday home is also going under the hammer in the auction, organised by property portal youbid.ie.
Number 15 Sneem Leisure Village is a well-maintained, three-bedroom residence located within walking distance of of Sneem.
With an AMV of €190,000, the modern property is located in a development of only 20 houses.
Measuring 95sqm, and set over two floors, there is an open-plan living and dining area with kitchen, utility, guest toilet and bedroom with ensuite on the lower level.
On the first floor there are two further bedrooms, one of which is en-suite and the main bathroom completes the accommodation.
Two family homes are also open for bids.
In Listowel, Number 58 Feale Drive is a semi-detached, three-bedroom home in a cul-de-sac which offers huge potential to discerning buyers.
With an AMV of €190,000, the house has an entrance hallway, sitting room, kitchen/dining, rear lobby with tiled floor and rear door access, three upstairs bedrooms and a bathroom.
There is a neatly presented gravel garden and concreted area with brick built boundary wall, pillars and a wrought iron galvanised gate at the front with off-street parking.
At the rear, there is a compact concrete rear yard. A variety of services and local amenities are within walking distance of the house.
Also in Listowel, Number 24 Cois Baile is a three-bedroom semi-detached home with an AMV of €140,000.
Spanning 122sqm, on the ground level there is an entrance hallway, sitting room, kitchen/dining area, utility and WC with walk-in shower.
On the first-floor, there are three bedrooms – two of which are ensuite – a family bathroom and large hot press.
The property is also conveniently located close to the town centre and local amenities.
Fifteen lots from 10 counties are featured in the September 29 auction.
All are listed on the platform. Documentation and brochures are available by registering on Youbid.ie
A holiday home within the grounds of Banna Beach Holiday and Leisure Resort is going under the hammer with a minimum price tag of €90,000 along with four other Kerry properties at the next youbid.ie online auction.
Number 67 Banna Beach is a three-bedroom, detached cottage located close to the famous North Kerry beach, replete with a large ‘communal’ garden, a kitchen and dining area and a shower room with wash-hand basin and WC. All bedrooms have built-in wardrobes, publicity material from youbid.ie stated.
It’s also mere seconds from the central leisure hub of the resort with its hugely-popular swimming pool, outdoor playgrounds for the younger ones, a bar, restaurant and gym.
A second holiday home at No 15 Sneem Leisure Village is also up for grabs with a minimum price of €190,000. Number 15 Sneem Leisure Village is described as a ‘well-maintained, three-bedroom residence located within walking distance of the picturesque village of Sneem.’
“Measuring 95sqm, and set over two floors, there is an open-plan living and dining area with kitchen, utility, guest toilet and bedroom with ensuite on the lower level,” youbid.ie said.
“On the first floor there are two further bedrooms, one of which is en-suite and the main bathroom completes the accommodation.”
Two family homes are also open for bids.
In Listowel, Number 58 Feale Drive is a semi-detached, three-bedroom home in a cul de sac which offers huge potential to discerning buyers.
With an AMV of €190,000, the house has an entrance hallway, sitting room, kitchen/dining, rear lobby with tiled floor and rear door access, three upstairs bedrooms and a bathroom.
There is a neatly presented gravel garden and concreted area with brick built boundary wall, pillars and a wrought iron galvanised gate at the front with off-street parking.
At the rear, there is a compact concrete rear yard.
A variety of services and local amenities are within walking distance of the house.
Also in Listowel, Number 24 Cois Baile is a three-bedroom semi-detached home with an AMV of €140,000.
“Spanning 122sqm, on the ground level there is an entrance hallway, sitting room, kitchen/dining area, utility and WC with walk-in shower.
“On the first-floor, there are three bedrooms – two of which are ensuite – a family bathroom and large hot press. The property is also conveniently located close to the town centre and several local amenities including Listowel Community Hospital and Kerry College as well as shops, bars and places to eat,” youbid.ie said.
Documentation and brochures are available by registering on Youbid.ie or by calling 01-5676979. Email: info@youbid.ie for more details.
Youbid.ie has appointed chartered surveyor Tomás Mulcahy to its Limerick-based team to help drive growth in the online property auction portal.
Mulcahy returns to his native city after living in Dublin for work and college for several years.
He graduated from Technological University Dublin in February 2019 with an MSc in Real Estate after previously graduating with a BA in English and Geography from Mary Immaculate College in October 2017.
He joined JLL in September 2018, where he initially worked in the Office Tenant Representation division, later moving to the Office Agency department. He undertook his APC Assessment to become chartered, which he passed in March 2021.
“I am delighted to welcome Tomás, who is joining at an exciting time for the company and the online property auction sector”, said Youbid.ie director Michael O’Connor.
“With his enthusiasm, energy and experience within the property industry to date, I could not be happier to see Tomás joining the Youbuid.ie team.”
With offices in Limerick, Dublin and Cork, Youbid.ie has experience in all aspects of residential and commercial property services for private, corporate and multinational clients.
The digital property platfrom for live and online auctions nationwide was created in May 2020.
While the initial strategy was to hold online auctions to assist in selling the unsold lots from in-room auctions, the Covid-19 pandemic proved to be a boost for the business model and Youbid.ie developed into a monthly online auction.
Hundreds of properties have been sold on the platform since then, with a success rate of over 96 per cent and average prices more than 21 per cent above reserves.
Ms Downes has more than 10 years’ experience in the property auction industry and has contributed significantly to the success of Youbid.ie – a division of Limerick estate agents O’Connor Murphy – since its launch last May.
Brigid Downes, the new associate director at YouBid, has contributed significantly to the success of the platform since its launch last May. Photo: Horsfall Photography
She has worked for almost seven years with the company, which also has offices in Cork and Dublin and last year announced a strategic commercial partnership with QRE Real Estate Advisers.
The Limerick native studied Business and Tourism at Limerick Institute of Technology before sitting IPAV exams at Cork Institute of Technology.
“At the beginning of 2020, our strategy was to hold six public auctions which would be followed by an online auction to assist in selling the unsold lots from in-room,” said Ms Downes.
“However, due to the Covid-19 pandemic we re-branded to Youbid.ie and changed our strategy to monthly online auctions.
“Since its launch the platform has been very successful, and we have offered 321 properties for sale over the course of eight auctions.
“We have achieved an 83% success rate, with average prices exceeding 14% above reserves.
“The highlights include a group of six apartments at Mill Falls, Newcastle West, Limerick, which received 144 bids and sold for €423,000, 68% above its reserve of €291,000.
“Another success was 3 The Dunes, Dunfanaghy, Donegal which had a reserve €95,000, but sold for €231,000 – almost two and a half times its reserve – after 135 bids.
“In Dublin, 81 and 82 North Strand Street had a reserve of €360,000, but after 245 bids they sold for €606,000.
81-82 North Stand Street in Dublin sold for €606,000
“And Units 3 and 4 in Westlink Business Park, Clondrinagh, Limerick, had a reserve of €150,000, but sold for €451,000 after 169 bids.
“We are looking forward to a busy 2021 and have plans for 11 monthly online auctions, with the first taking place on Thursday, February 18.”
Ms Downes said she looks forward to playing her part in the continued success of O’Connor Murphy and youbid.ie, which represents “an exciting new era” in the Irish property market.
“With her wealth of experience within property and specifically the property auction industry, I could not be happier to appoint Brigid as Associate Director of youbid.ie,” said Michael O’Connor, CEO of O’Connor Murphy.
“We look forward to continued success in 2021 for youbid.ie.”
Properties for the February 18 auction are listed on the platform. Documentation and brochures are available by registering on Youbid.ie or by calling 01-5676979. Email info@youbid.ie for more details.
