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Five-bed detached Ballymore home for €65k

Friday, 14th February, 2014 3:00pm

Five-bed detached Ballymore home for €65k

A five bedroom detached house in Ballymore is going under the hammer for an eye-catching €65,000 at this month’s Allsop auction in the RDS, Dublin.

The 154.4 sq metre two storey property, which consists of five bedrooms (two ensuite) and rear and front parking, is located in Uisneach development in the village where the asking price for four bedroom houses was €280,000 at the height of the building boom. According to the Allsop brochure, the spacious property currently has a tenant with a rental income of €9,600 per annum.

It’s one of eight Westmeath lots up for grabs at the February 25 auction in Dublin 4 including a three bedroom house in the Raithin Eoghain estate in Mullingar and a 6.79 acre plot of land in Clonmellon.

Like the property in Ballymore the Raithin Eoghain house, which has a reserve of €40,000, may be of interest to investors as it is currently occupied by a tenant and has an annual rental income of €6,000. The plot of land in Clonmellon has a reserve of €30,000.

Also up for grabs is a restaurant in Church Street, Moate (reserve price €80,000, annual rental income €19,2000) and four houses in Athlone - a one bed apartment in the Cois Abhann development (reserve €25,000, rental income €3,600); a two bed house in Bastian Street (reserve €35,000, rental income €4,800); a two bed house at Mitchell’s Terrace (€25,000 reserve, subject to tenancy terms unknown); and a two bed house in Patrick Street (€30,000 reserve, rental income €4,320).

It was standing room only at the last Allsop auction in the RDS on December 10 where 90% of the 144 lots that went under hammer were sold including five apartments in Mullingar’s Raithin Eoghain estate that went for €172,000. A three bedroom house in Raithin was also up for sale at the last auction but went unsold.

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