This three-bed terrace house in Clifden, Co Galway, has a max reserve of €102,500. Space Properties
Auction

A family home for €100,000: The bargain basement property auction

Flick through our slideshow to see some of the rock-bottom reserve prices on ‘distressed’ properties that are heading for auction.
3.37pm, 4 Mar 2011
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AN IRISH PROPERTY agency has released details of the rock-bottom reserves on a batch of ‘distressed’ properties it will be auctioning off in Dublin next month.

Space Property is working with Allsop auctioneers from England to hold the sale on April 15 in the Shelbourne Hotel.

Around 80 properties, mostly residential, will go on sale with incredibly low reserve prices. There are also guaranteed maximum reserve prices on each property.

The impetus is to shift these properties as quickly as possible because their owners or receivers need to sell them urgently, as Space MD Stephen McCarthy explained to TheJournal.ie late last month. One bargain property for sale is a block of six apartments and three commercial units in Wexford town, which carries a MAXIMUM reserve price of €210,000.

There are plans to hold two more similar auctions of ‘distressed’ properties later in the year and four a year from 2012 on.

Flick through our slideshow to see what kind of property is up for grabs – and the absolute maximum price that the sellers are looking for:

A family home for €100,000: The bargain basement property auction
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  • Wexford - Maximum reserve: €210,000

    Tuskar House, Wexford - the price includes four one-bed apartments, two two-bed apartments, and three commercial units.

  • Temple Bar - Maximum reserve: €80,000

    1 Lensmen house, Temple Bar - Dublin city centre studio apartment overlooking Essex Street.

  • Bray - Maximum reserve: €105,000

    1 Wilford Court, Bray - a ground floor, two-bed apartment with separate kitchen and dining areas.

  • Dundrum - Maxim reserve: €290,000

    7 Meadow Villas, Dundrum - three-bed corner property has two reception rooms and a kichen.

  • Dublin 4 - Maximum reserve: €600,000

    42 Raglan Lane, Ballsbridge - 2,300sq ft two-storey mews property in sought-after Dublin area close to Herbert Park.

  • Galway - Maximum reserve: €265,000

    51 Lakeshore Drive, Renmore - detached house on the Lough Atalia seafront in Galway city.

  • Dublin 16 - Maximum reserve: €400,000

    106 Lower Churchtown Rd, D16 - four-bed detached house on large site with parking and garden.

  • Co. Tipperary - Maximum reserve: €205,000

    Retail unit, Castle Street, Roscrea - this two-story building has a pharmacy on the ground floor.

  • Rathfarnham - Maximum reserve: €145,000

    6 Rookwood View, Stocking Lane, Rathfarnham - two-bed penthouse apartment with open plan kitchen and living space.

  • Co. Galway - Maximum reserve: €102,500

    3 Seaview, Clifden, Co. Galway - a three-storey terraced house divided into three self-contained units.

  • Co. Limerick - Maximum reserve: €140,000

    The Abbey Pharmacy, Lord Edward St, Kilmallock - two-storey building with pharmacy occupying ground floor.
  • Tuskar House, Wexford - the price includes four one-bed apartments, two two-bed apartments, and three commercial units.
  • 1 Lensmen house, Temple Bar - Dublin city centre studio apartment overlooking Essex Street.
  • 1 Wilford Court, Bray - a ground floor, two-bed apartment with separate kitchen and dining areas.
  • 7 Meadow Villas, Dundrum - three-bed corner property has two reception rooms and a kichen.
  • 42 Raglan Lane, Ballsbridge - 2,300sq ft two-storey mews property in sought-after Dublin area close to Herbert Park.
  • 51 Lakeshore Drive, Renmore - detached house on the Lough Atalia seafront in Galway city.
  • 106 Lower Churchtown Rd, D16 - four-bed detached house on large site with parking and garden.
  • Retail unit, Castle Street, Roscrea - this two-story building has a pharmacy on the ground floor.
  • 6 Rookwood View, Stocking Lane, Rathfarnham - two-bed penthouse apartment with open plan kitchen and living space.
  • 3 Seaview, Clifden, Co. Galway - a three-storey terraced house divided into three self-contained units.
  • The Abbey Pharmacy, Lord Edward St, Kilmallock - two-storey building with pharmacy occupying ground floor.

All images courtesy of Space Property

Additional reporting by Susan Ryan

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