A TWO bed house in Portlaoise went under the hammer for more than double the asking price last Thursday, March 1.
Allsop Space had placed a reserve of €10,000 65 O’Moore Place in the fire sale auction of distressed properties at the plush Shelbourne Hotel in Dublin. It ultimately sold for €22,000. The boarded up house in O’Moore Place on the Mountmellick Road was described in the catalogue as a two storey end of terrace house, with a front garden and yard to the rear. it had been vacant for some time, with internal water damage.
No details were given on the buyer, but a spokesperson for Laois County Council confirmed it had not. Last week Cllr Caroline Dwane said that residents of the former council estate would prefer if the local authority bought it.
“The house is absolutely derelict, The residents would be delighted if the house was back under council ownership, but value for money is a big issue. The council would have to carry out a full survey and work out how much it would cost to make it habitable, “ she said.
Three other Laois properties also sold on the day, for well above the reserve prices.
A four-bed detached house in Grallow Wood, Abbeyleix with a reserve of €100,000 sold for €140,000. Two other 3 bed houses in the same estate with reserves of €50,000, sold for €80,000 and €85,000.
The British based Allsops auctioneers reported “unprecedented interest”, with 2,000 buyers attending the sale of 93 properties.