National online auction platform Youbid.ie has appointed Brigid Downes as Associate Director.

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 Associate Director of Youbid.ie
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.

Published in the Sunday Business Post 24/01/21

KILDARE APARTMENT IN YOUBID ONLINE AUCTION

An apartment at Louisa Park in Leixlip, Kildare, less than a five-minute walk to the local train station, is listed for sale in online auction platform Youbid.ie’s next live-streamed event on Thursday, November 19.

12a Louisa Park is a 70sq mts, two-bed, first-floor apartment and is an attractive proposition to commuters. It comes with an Advised Minimum Value (AMV) of €220,000.

Situated in a highly sought-after development of duplexes and apartments, the property boasts exceptionally spacious and well-presented accommodation.

The property is presented in excellent condition and offers a warm, welcoming atmosphere with wood floors in the principal reception rooms, a separate kitchen and a large balcony.

Both bedrooms are generous in size while the master bedroom has an en-suite.

Louisa Park is superbly located within striking distance of Leixlip village and adjacent to Louisa Bridge train station, providing connectivity to Dublin’s Connolly Station in 28 minutes, while the M4 and M50 motorways are accessible within 10 minutes.

The village is home to many specialty shops, popular pubs, restaurants and supermarkets such as SuperValu and Aldi.

Youbid.ie’s previous live-streamed events have seen over 80% of properties listed sold at an average of 10% over reserve prices.

The properties for the November 19 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.

See the full article here