Allsop Auction 15/04/11

Zamboni

So this is kicking off at noon today.
http://www.realbid.co.uk/realbidIrish/gallery.asp

Does anyone think it will provide a useful insight to the market?

I could be well wrong but I think there are a number of people who have cash and will buy at prices far higher than they need to.
This may give the impression that the market has stabled but really it will be a minority of cash rich dead cats bouncing.
In the heat of an auction people can pay far in excess of what something may be worth. Indeed, I have witnessed car auctions where people have bid and paid prices on cars in excess of normal retail value.
It will probably take a number of these auctions to gain any useful insight imo.

Ortiz

I don't think it will provide any insight at all.

The only people that can buy the property are cash buyers so it doesn't reflect market value when the properties in question aren't available to a large chunk of the market.

They are distressed properties that are being sold at slashed prices. From what I hear the majority of bidders will be foreign investors looking for a bargain.

I think it's a bit over-hyped tbh

Mr. 2

FFS people losing the run of themselves on the 1st lot :rolleyes:

subway

its brilliant, maniacs!

http://wms-farm1.dc1.coull.biz/property?MSWMExt=.asf

liger

johnnyskeleton wrote: »

Are you there? Any updates would be appreciated

Live link in first post.

Mr. 2

Lot 1 reserve 80k, went for 126k. Video link seems to have gone down.

djmcr

Ortiz wrote: »

. From what I hear the majority of bidders will be foreign investors looking for a bargain.

I think that this is an impression that has been created by the auctioneers, why would anyone from abroad invest in Irish property at the moment

petroltimer

is anybody able to view it? none of the links are working for me

subway

im watching on the link i gave above

snubbleste

I'm getting flashbacks to 2005

petroltimer

subway wrote: »

im watching on the link i gave above

thanks working for me now

Dymo

Reserve prices
1 Vacant Flat Temple Bar €80,000€ 126000
2 Investment Flat Dublin 1 €100,000 € 129000
3 Investment Flat Dublin 8 €85,000 € 102,000
4 Investment Flat Dublin 8 €160,000 € 159,000
5 Investment Flat Bray €105,000 € 154,000
6 Investment Freehold Building Clifden €102,500 €141,000

Still plenty of money out there

Sand Wedge

Dymo wrote: »

anyone got a quick link of the reserve prices

http://www.auction.co.uk/irish/onlineCatalogue.asp

liger

Dymo wrote: »

anyone got a quick link of the reserve prices

http://www.auction.co.uk/irish/onlineCatalogue.asp

Mr. 2

Winning bid for an apartment in Portlaoise nearly double the reserve comes from somebody out on the street!

If the auctioneer thinks it funny.

Dymo

Most places going for 40% more than there reserve

Kersh

Video feed was working for me up until 10 minutes ago.

Anyone else having problems?

Occam

Dymo wrote: »

Most places going for 40% more than there reserve

Am I the only one thinking that the bidders have totally lost the run of themselves? Better value to be had in private sales.....

Occam

Considering suspending auction due to overcrowding !!!!

Welcome back 2005 !

minotour

Occam wrote: »

Considering suspending auction due to overcrowding !!!!

Welcome back 2005 !

I DB'd over for a nosey, was busy alright, not a geat setup either. Anyone know what happened that site for 20K in wicklow? Im told you need to be a long term wicklow resident to get PP so it aint for a fook to any buyers.

Dymo

Retail Unit, Castle Street, Co. Tipperary, Roscrea reserve €205,000 sold €336,000

Good value, 35 year lease with an annual income of €35,000 p.a. It was probably the sitting tenants that bought it.

petroltimer

haha funny its to packed, they should have held it in the avia, nice day for it

The Rooster

Occam wrote: »

Considering suspending auction due to overcrowding !!!!

Welcome back 2005 !

Never having been at a property auction before, I'm finding viewing it surprisingly entertaining!

Rdaly1

How much did apartaments in Auburn Avenue go for?

petroltimer

lot 10 410k wow wonder so lot 25\26 will go 600k+

DEAD CAT BOUNCE???????????

subway

3 bed semi, 410k ($686k) lol,
wheres my NAMA!

Mr. Loverman

Dymo wrote: »

Still plenty of money fools out there

:pac:

Tigger

this is brilliant


the recession is over
whoot

John Mason

just heard the Guards have been called for public safety

following the bids online here - so said this country is broke

Dymo

Believe it or not this could be the bottom

mari2222

11 Lensmen House, Essex Street, Dublin 2, Temple Bar€126,0002428 Castleforbes Square, Upper Mayor Street, Dublin 1€129,000341 The Tannery, Cork Street, Dublin 8€102,00043 Chancery Court, Bride Street, Dublin 8€159,00051 Wilford Court, Co. Wicklow, Bray€154,00063 Seaview, Co. Galway, Clifden€141,00074 Bridle Walk, Kilminchy, Co. Laois, Portlaoise€61,000828 Bridle Walk, Kilminchy, Co. Laois, Portlaoise€62,0009Retail Unit, Castle Street, Co. Tipperary, Roscrea€336,000107 Meadows Villas, Dublin 14, Co. Dublin, Dundrum€410,00011Apartment 31, 25 Wolfe Tone Street,, Dublin 1€120,00012415 Castleforbes Square, Upper Mayor Street, Dublin 1€116,00013432 Castleforbes Square, Upper Mayor Street, Dublin 1€190,000149 Hybla Court, Blackhorse Avenue, Dublin 7€107,0001551 Lakeshore Drive,Galway City, Renmore€332,5001659 and 60 Murrough Drive, Merlin Park, Galway City, Co. Galway, Renmore€205,0001728 Chancery Court, Bride Street, Dublin 8€159,0001816 Clan House, Dominick Street, Co. Galway, Galway City Centre€74,0001944 Chancery Court, Bride Street, Dublin 8€345,000

petroltimer

Dymo wrote: »

Believe it or not this could be the bottom

but won't be the bottom if vacant properties are all put on the market, how about putting the cupple of hundred maybe thousand i'm not sure apartments that are all empty down in south dublin on the market, it'll be false till then..

This is the money of people which is burning a hole in their pockets, well i'll keep my powder dry for now, that 3 bed semi in dundrum was a joke its a dump and i can't think you would have paid much more 3 years ago.

jordata

"is that a lady at the end of that arm" !!!

as the bishop said to the nun

petroltimer

i'm surprised the churchtown houses went for 500k only considering that 3bed semi lot 10 got 410k i certainly know which were better value,

the interesting one is the apartment in rathfarnam not making the reserve as there are plenty more like that around gathering dust.

fred252

petroltimer wrote: »

i'm surprised the churchtown houses went for 500k only considering that 3bed semi lot 10 got 410k i certainly know which were better value,

the interesting one is the apartment in rathfarnam not making the reserve as there are plenty more like that around gathering dust.

i had a look at those 2. one was a lot better than the other.

JoeyJJ

See someone was looking for 500 euro increments and he told him no 1000 min and he didn't rebid. Strange I thought however maybe not.

Mr. Loverman

Dymo wrote: »

Believe it or not this could be the bottom

Not a chance. Ireland is doomed for a few more years, probably a decade at least.

Even the central bank think 2016 will be worse than 2011.

Dymo

edit:addition wrong

ellejay

mari2222 wrote: »

11 Lensmen House, Essex Street, Dublin 2, Temple Bar€126,0002428 Castleforbes Square, Upper Mayor Street, Dublin 1€129,000341 The Tannery, Cork Street, Dublin 8€102,00043 Chancery Court, Bride Street, Dublin 8€159,00051 Wilford Court, Co. Wicklow, Bray€154,00063 Seaview, Co. Galway, Clifden€141,00074 Bridle Walk, Kilminchy, Co. Laois, Portlaoise€61,000828 Bridle Walk, Kilminchy, Co. Laois, Portlaoise€62,0009Retail Unit, Castle Street, Co. Tipperary, Roscrea€336,000107 Meadows Villas, Dublin 14, Co. Dublin, Dundrum€410,00011Apartment 31, 25 Wolfe Tone Street,, Dublin 1€120,00012415 Castleforbes Square, Upper Mayor Street, Dublin 1€116,00013432 Castleforbes Square, Upper Mayor Street, Dublin 1€190,000149 Hybla Court, Blackhorse Avenue, Dublin 7€107,0001551 Lakeshore Drive,Galway City, Renmore€332,5001659 and 60 Murrough Drive, Merlin Park, Galway City, Co. Galway, Renmore€205,0001728 Chancery Court, Bride Street, Dublin 8€159,0001816 Clan House, Dominick Street, Co. Galway, Galway City Centre€74,0001944 Chancery Court, Bride Street, Dublin 8€345,000

thanks mari, tidied it up a little if that's ok
11 Lensmen House, Essex Street, Dublin 2, Temple Bar €126,000
2428 Castleforbes Square, Upper Mayor Street, Dublin 1 €129,000
341 The Tannery, Cork Street, Dublin 8 €102,000
43 Chancery Court, Bride Street, Dublin 8 €159,000
51 Wilford Court, Co. Wicklow, Bray €154,000
63 Seaview, Co. Galway, Clifden €141,000
74 Bridle Walk, Kilminchy, Co. Laois, Portlaoise €61,000
828 Bridle Walk, Kilminchy, Co. Laois, Portlaoise €62,000
9 Retail Unit, Castle Street, Co. Tipperary, Roscrea €336,000
107 Meadows Villas, Dublin 14, Co. Dublin, Dundrum €410,000
11 Apartment 31, 25 Wolfe Tone Street, Dublin 1€120,000
12415 Castleforbes Square, Upper Mayor Street, Dublin 1 €116,000
13432 Castleforbes Square, Upper Mayor Street, Dublin 1€190,000
149 Hybla Court, Blackhorse Avenue, Dublin 7 €107,000
1551 Lakeshore Drive,Galway City, Renmore €332,500
1659 and 60 Murrough Drive, Merlin Park, Galway City, Co. Galway, Renmore €205,000
1728 Chancery Court, Bride Street, Dublin 8 €159,000
1816 Clan House, Dominick Street, Co. Galway, Galway City Centre €74,000
1944 Chancery Court, Bride Street, Dublin 8 €345,000

Zamboni

petroltimer wrote: »

i'm surprised the churchtown houses went for 500k only considering that 3bed semi lot 10 got 410k i certainly know which were better value,

the interesting one is the apartment in rathfarnam not making the reserve as there are plenty more like that around gathering dust.

2 houses on Churchtown Road going for half a million each. :eek:

What was the reserve on the Raththfarnham Apt?
Edit - I stopped being lazy and found it

Damie

Looks like the recession is only affecting a few of us then! ffs

Kersh

We (as a nation) just never learn.

There are still people out there who think property will be heading back up into the stratosphere.

liger

I'm curious as to how much the pub in lot 67 will go for. that was on the market for 1.2 or 1.6mil last year. Reserve at 260k now.

mari2222

Lot. Location Result
1 1 Lensmen House, Essex Street, Dublin 2, Temple Bar €126,000
2 428 Castleforbes Square, Upper Mayor Street, Dublin 1 €129,000
3 41 The Tannery, Cork Street, Dublin 8 €102,000
4 3 Chancery Court, Bride Street, Dublin 8 €159,000
5 1 Wilford Court, Co. Wicklow, Bray €154,000
6 3 Seaview, Co. Galway, Clifden €141,000
7 4 Bridle Walk, Kilminchy, Co. Laois, Portlaoise €61,000
8 28 Bridle Walk, Kilminchy, Co. Laois, Portlaoise €62,000
9 Retail Unit, Castle Street, Co. Tipperary, Roscrea €336,000
10 7 Meadows Villas, Dublin 14, Co. Dublin, Dundrum €410,000
11 Apartment 31, 25 Wolfe Tone Street,, Dublin 1 €120,000
12 415 Castleforbes Square, Upper Mayor Street, Dublin 1 €116,000
13 432 Castleforbes Square, Upper Mayor Street, Dublin 1 €190,000
14 9 Hybla Court, Blackhorse Avenue, Dublin 7 €107,000
15 51 Lakeshore Drive,Galway City, Renmore €332,500
16 59 and 60 Murrough Drive, Merlin Park, Galway City, Co. Galway, Renmore €205,000
17 28 Chancery Court, Bride Street, Dublin 8 €159,000
18 16 Clan House, Dominick Street, Co. Galway, Galway City Centre €74,000
19 44 Chancery Court, Bride Street, Dublin 8 €345,000
20 103, 103A and 103B Rathgar Road, Dublin 6 €350,000
21 37 The Tannery, Cork Street,, Dublin 8 €93,000
22 2 Auburn Park, Dublin 15, Castleknock €207,000
23 5 Auburn Park, Dublin 15, Castleknock €200,000
24 6 Rookwood View, Stocking Lane, Dublin 16, Rathfarnham Available
25 108 Churchtown Road Lower, Dublin 14, Churchtown €495,000
26 106 Churchtown Road Lower, Dublin 14, Churchtown €505,000
27 17 Clan House, Dominick Street, Co. Galway, Galway City Centre €70,000
28 33 Bridle Walk, Kilminchy, Co. Laois, Portlaoise €64,000
29 11 Lord Edward Street, Co. Limerick, Kilmallock €285,000
30 380 Castleforbes Square, Upper Mayor Street, Dublin 1 €179,000
31 Apartments 1-6 and Units 1-3, Tuskar House, Johns Gate, Co. Wexford, Wexford €560,000
32 11 Auburn Park, Dublin 15, Castleknock €159,000
33 12 Auburn Park, Dublin 15, Castleknock €160,000
34 42 Raglan Lane, Ballsbridge, Dublin 4 €550,000
35 Apartment 21, Gleann Na Tra, Sandy Road, Galway City €95,000
36 18 Clan House, Dominick Street, Galway City Centre Available
37 418 Castleforbes Square, Upper Mayor Street, Dublin 1 €161,000
38 Ground Floor and Basement , 137 Capel Street, Dublin 1 €190,000
39 63 The Tannery, Cork Street, Dublin 8 €120,000
40 1 Hybla Court, Blackhorse Avenue, Dublin 7 €100,000
41 37 Braemor Park, Churchtown, Dublin 14 €470,000

mari2222

42 13 Rookwood View, Stocking Lane, Dublin 16, Rathfarnham €145,000
43 21 Auburn Park, Dublin 15, Castleknock €160,000
44 Crohamhurst, Sandyford Road, Sandyford, Dublin 18 €530,000
45 Units 1 and 2, The Anchorage, Co. Meath, Bettystown Withdrawn
46 357 Castleforbes Square, Upper Mayor Street, Dublin 1 Available

Spiritofthekop

What the hell!!!

You can get much better value on Daft.ie & thats saying something!!

Some of those houses went for 150,000 over there value...?? there are bigger houses on daft.ie in better locations that are much better value if you compare??

even then i would not touch them for a couple more years..

Im confused??...why are these idiots spending well over the odds on these houses??

this country is so bent and f##ked its laughable

mari2222

47 The Glen House, Kyle, Baltinglass, Co. Wicklow, Wicklow €420,000
48 Unit 3, Mahon Shopping Centre, Co. Cork, Mahon Village €130,000
49 152 Cois Na hAbhainn, Co. Galway, Tuam €70,000
50 19 Clan House, Dominick Street, Co. Galway, Galway City Centre €70,000

groovyg

petroltimer wrote: »

i'm surprised the churchtown houses went for 500k only considering that 3bed semi lot 10 got 410k i certainly know which were better value,

Lot no 10 has planning permission for two detached dwellings, .although you'd be mad to try and build something on that site in todays market. As for the two in Churchtown both of them need a lot of work done. Obviously lots of people out there with spare cash or could they be foreign investors? Crazy prices tho

petroltimer

Spiritofthekop wrote: »

What the hell!!!

You can get much better value on Daft.ie & thats saying something!!

Some of those houses went for 150,000 over there value...?? there are bigger houses on daft.ie in better locations that are much better value if you compare??

even then i would not touch them for a couple more years..

Im confused??...why are these idiots spending well over the odds on these houses??

this country is so bent and f##ked its laughable

you reckon their might have been a few NAMA sleepers in there bumping up prices?? but you're right it don't make since, i'd be afraid no matter what move i make that someone is playing me.

Highly Salami

Spiritofthekop wrote: »

Im confused??...why are these idiots spending well over the odds on these houses??

I'd say its down to auction psychology. People get a rush of blood to the head in the heat of the moment of a bidding war, feel their pride is hurt if they cede to a higher bid or they are missing out on a bargain if others are prepared to pay more....?

Damie

or maybe some people with property interests are trying to restart the market again, dead cat bounce alright.....