Allsops continue pushing the pace of their auctions, with a two-day auction to cap off the end of the year.
December 9th will be almost 100 commercial lots while two days later the will reconvene to auction over 200 residential units. We take a look at the highlights of the residential auction on December 11th:
38 South Circular Road
This traditional red-brick 3-storey terrace is guiding €440,000 to €480,000 as a reserve. A potentially grand home within 5-10 minutes walk of Dublin city centre. However it’s currently arranged as 8 bedsits so the buyer will either be in it for the income or have to spend another great sum to turn it back into a family home.
6 Pery Square, Limerick
An even more impressive Georgian building, 6 Pery Square is a 4-storey end-terrace overlooking The People’s Park in central Limerick. Again, it features 9 bedsits which will need to be updated over time. This could either be commercial, or a fewer number of higher quality apartments. Reserve Range €300,000 – €350,000.
St Roch, Taylors Lane, Rathfarnham, Dublin 16
This is a potentially interesting development. 3-bed semi-detached house in Rathfarnham, but on quarter of an acre there is massive development potential, subject to planning of course. However there is a tenant to be aware of. They’ve been there since 1981 so it might not be an easy matter to get them out if that were your plan. Reserve Range €475,000 – €525,000.
4 Hazelwood, Shankill, Co. Dublin
A nice 5-bed house in a popular estate in Shankill, and in an excellent condition. However at a reserve of €485,000 – €510,000 that’s just on the money and not priced too cheaply. We like Shankill for it’s excellent DART and M11 connections, plus this is probably the best family home in the auction, so expect this to go well.
Loreto Abbey, Rathfarnham, Dublin 14
It remains to be seen whether first time buyers or owner occupiers are venturing bravely into the Allsop Auctions or whether they are being beaten out by professional investors. This Dublin 14 apartment will appeal to both. Priced at €190,000 this 2-bed apartment in high-quality Loreto Abbey, Rathfarnham should achieve that asking easily.
54 Sandford Road, Ranelagh, Dublin 6
This substantial period terrace currently features 11 bedrooms. It’s such a shame many of these old buildings are subdivided into bedsits but to manage one as a family house is next to impossible these days. This property will set you back at least €700,000 in the auction and would be a monster to convert. It’s likely to stay a multi-tenanted property for the foreseeable future.