Houses in Sligo for sale in next Allsop auction

Geuze

Next Allsop mega-auction 1st March 2013, catalogue here:

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


A few in Sligo.

First, one in Cranmore, reserve is 15k:

http://www.auction.co.uk/irish/LotDetails.asp?A=845&MP=24&ID=845000135&S=L&O=A

There seems to be three in Tubbercurry, all in Springvale Heights. This one has a 30k reserve:

http://www.auction.co.uk/irish/LotDetails.asp?A=845&MP=24&ID=845000148&S=L&O=A

SligoLady

I did a valuation on the one in Cranmore when it was initially taken back by the bank a couple of years ago and I'm really not surprised it's got a reserve that low now. And the ones in Springvale, well what can you say? I know a few people that paid €180,000 for them but
they're a prime example of the kind of properties Sligo is flooded with - properties that no one wants to live in. I feel very sorry for the people who are stuck with them.

thebuzz

SligoLady wrote: »

And the ones in Springvale, well what can you say? I know a few people that paid €180,000 for them but
they're a prime example of the kind of properties Sligo is flooded with - properties that no one wants to live in. I feel very sorry for the people who are stuck with them.

Is there something wrong with them structurally or just a bad area or what?

Geuze

I wouldn't call Tubbercurry a "bad area".

I don't think there's anything wrong with them, but of course caveat emptor, and of course a survey would be required.

Just a sign of supply and demand, and perhaps a receiver sale??

SligoLady

It's just that supply hugely exceeds demand in some areas. There were far too many estates built during the boom in country towns like Tubbercurry, Ballymote, Coolaney etc..