Belfast terrace house goes for a knockdown £17,000 at auction
Investors and couples were the main buyers at last night’s property auction — where a Belfast terrace sold for just £17,000.
It was standing room only at Belfast City Auctions’ event in Carryduff, where hundreds of keen buyers packed the sale room and chief auctioneer Raymond Hill took bids on the 25 lots.
With a mix of repossessed houses and homes with sitting tenants going under the hammer for knockdown prices, bidding was frantic on most lots — 80% of which sold.
The biggest bargain making headline news was 54 Mourne Grange, Dromore — a luxury three-bedroom semi-detached bungalow — which sold just last year for £300,000, but had a guide price of £70,000.
In the end it sold for just £69,000. Another stand-out lot was the Causeway Coast holiday home outside Ballymoney which went on sale for £200,000 just four months ago. In the end this prize property went under the hammer for £65,000.
Such is the appeal and thrill of the auction process, there was massive interest from right across Ireland and Britain on the phones and from anonymous bidders online, as well as the busy auction hall itself.
From first-time buyers, families, investors and business people, it was proof that all walks of life are waking up to the potential to strike a bargain at auction in the current market.
Belfast City Auctions is already planning another grand sale this coming May.
Mr Hill, the man wielding last night’s auction hammer and CEO of Belfast City Auctions, said: “Last night was a tremendous success, we were overwhelmed with the interest.
“Our auction had been making headline news all week in the run-up to last night and the buzz that it had created was plain to see in the auction room.
“It is clear that auctions are the way forward for property sales in these difficult economic times, and building on the success of last night, we are planning many more sales this year with the next coming in May.”
- Lot 1: 44 Woodvale Avenue, Belfast, a three-bedroom, one-reception mid-terrace, had a guide price of £35,000, and sold for £30,500.
- Lot 2: 57 Pinewood Avenue in Carrickfergus, a two-storey end-terrace with three bedrooms had a guide price of £37,500, and was snapped up for £35,000.
- Lot 3: 54 Mourne Grange, Dromore, a three-bedroom semi-detached bungalow created a lot of interest in the hall with bids starting from £40,000. The hammer finally fell at £69,000, following a guide price of £70,000.
- Lot 4: 2 Elizabeth Place in Ballymoney, another three-bedroom semi-detached bungalow, had a guide price of £45,000. Bids started for this one at £30,000 and one lucky buyer had the successful bid of £36,000.
- Lot 5: 100 Tennant Street, Belfast, was a hotly-contested property with the incredible guide price of £14,000. Bids on the well-priced mid-terrace which requires modernisation started at £10,000, with the sale clinched at £17,000.
- Lot 9: 22 Rathlin Street, Belfast, a three-bedroom, two-storey home had a guide price of £25,000, and interest was keen. It eventually sold for the guide price.
- Lot 17: 78 Tennant Street in Belfast also proved a property bargain, selling for £42,500. The three-bedroom mid-terrace had a guide price of £45,000, with bids starting from £30,000.