£358,000 sale shakes market from slumber

A four-bedroom semidetached house on The Rise, Mount Merrion, has sold at auction for a strong price of £358,000 - all the more…

A four-bedroom semidetached house on The Rise, Mount Merrion, has sold at auction for a strong price of £358,000 - all the more remarkable as it comes at a time when the market is usually in a summer slumber. There were six bidders for the house, 123 The Rise, when it was sold at auction this week by Hamilton Osborne King - the first time the agency had put a house on the market in the first fortnight in August, traditionally a slow selling period.

Bidding for the property, which had a guide price of £275,000 to £300,000, began at £250,000. It was declared on the market at £315,000, and minutes later, sold for £358,000 to a woman returning home to Ireland from the US.

The large 1,600 sq ft house with a secluded 130 ft long back garden is a Kenny-built house dating from the late 1940s, and needs complete modernisation.

While being well-maintained, and with attractive features such as bow windows, it has no central heating and only has a small, scullery-style kitchen. The front door opens into a bright square hall. To the left of the hall is a good-sized sittingroom overlooking the front garden; to the rear is a livingroom with a French door opening on to the back garden. Both rooms have picture rails and features of their period, such as tiled fireplaces and the tall mahogany mantelpiece in the livingroom.

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Upstairs, there are three double bedrooms and a small single. There is plenty of space at the back to add on a conservatory.

Arthur Davis of Hamilton Osborne King believes there is a lot of demand from people with between £250,000 and £400,000 to spend on a home, and expects that property prices will go on rising in the season to come, since demand still exceeds supply - although not as fast as last year. There is particular demand for the Kenny-built houses all over Mount Merrion, and he expects to see more of these coming to the market. Elsewhere in south Dublin, a three-bedroom semi-detached house at 21 Woodbine Avenue, Blackrock, sold at auction for £226,000 through Dunne Estates.

In Dalkey, 16 Sorrento Road, a spacious three-bedroom bungalow, was sold at auction for £365,000 through Lisney. The house has two reception rooms, a one-bedroom annexe, and extensive off-street car-parking.

In Dublin 6, 6 Woodstock Gardens, Ranelagh, a three-storey sixbedroom period house without a basement, was withdrawn at auction and agent Sherry FitzGerald is quoting £385,000.

At 187 South Circular Road, a four-bedroom terraced house sold at auction for £240,000 through Sherry FitzGerald.

Meanwhile in Co Westmeath, a four-bedroom country house on about 11 acres at Tullaniskey, Mullingar, was withdrawn at £232,000 and is under negotiation through joint agents James B. McDonnell and Murtagh Bros.

In Gorey, Co Wexford, a threestorey four-bedroom Georgian house was withdrawn at auction and agent Harrington Lait is quoting in excess of £175,000.

In Co Limerick, Ivy Lodge, a superb four-bedroom redbrick townhouse at Clancy Strand, was withdrawn at auction and agent de Courcy is quoting £140,000.

Also in Co Limerick, at Patrickswell, Lurriga National School, on 0.25 of an acre, was sold at auction for £28,000 through de Courcy Estate Agents.

At Moyhill, Bunratty, Co Clare, the same agent sold a house on 13 acres at auction in four lots:

Lot 1: house on about 0.75 of an acre sold at auction for £83,000;

Lot 2: seven acres sold for £40,000;

Lot 3: two acres sold at auction for £11,800;

Lot 4: 3.5 acres sold at auction for £29,500.

Also in Co Clare, seven acres at Ballymorris, Cratloe, was sold at auction for £55,000 through de Courcy Estate Agents.

At Macepool, The Ward, Co Meath, a three-bedroom extended cottage was sold prior to auction for an undisclosed price through Grimes Estate Agents.

At Roundwood, Co Wicklow, two adjoining houses sold at auction for £255,000 through Clarke Auctioneers.

At Bridge Street, Clifden, Connemara, a commercial property was withdrawn at £130,000 and is under negotiation through Matt O'Sullivan.

Tims Tavern, a licensed premises at Main Street, Co Wexford, sold at auction for £395,000 through Morrisseys.

At Ardee, Co Louth, The Castle Inn was withdrawn at £380,000 and is under negotiation through Gunne Estates.