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House sales in Limerick soar to €13m in October

One of the cheapest properties to sell in Ireland during October was No 16 Hyde Avenue, Ballincaurra Weston - below, Cragfield on the North Circular Road was the most expensive house to sell in recent months

One of the cheapest properties to sell in Ireland during October was No 16 Hyde Avenue, Ballincaurra Weston - below, Cragfield on the North Circular Road was the most expensive house to sell in recent months

  • by Anne Sheridan
 

NEW figures show that the value of houses sold across Limerick this October soared to over €13million, making it the most profitable month for sales for the year.

In all, 97 homes sold across Limerick city and county in October, amounting to total sales of €13,422,000.

By comparison, sales for September amounted to over €7m from the sale of some 60 houses.

August also had one of the busiest sales periods of the year, resulting in €10.6m worth of sales from 70 properties.

Overall, 749 properties have sold in Limerick to date this year, according to the Property Price Register, which lists house sales for every county in the country.

The total number of sales for the year end 2012 was 849.

One of the cheapest properties to sell in October was No 16 Hyde Avenue, Ballinacurra Weston, the former stronghold of the McCarthy Dundon gang, many of whom are now serving long prison sentences. It sold for a mere €7,000.

A property on the same avenue had a market price of more than three times that figure four years ago.

As earlier revealed by the Limerick Leader, the most expensive property to sell that month was Cragfield on the North Circular Road for €1m.

Cragfield sold after just eight weeks on the market for 17% less than its original asking price of €1.2m. Built around 1860, the former home of the well-known O’Toole family is set on 1.2 acres and includes six bedrooms and three bathrooms.

The property was up for the sale in recent months by the O’Toole family, who run the multi-million euro packaging business, JJ O’Toole’s from the Raheen business park, following the death of their mother Nuala O’Toole this February.

Another property, 17 Lifford Park on the South Circular Road sold in October for €490,000.

Nearby, Shamrockville on the North Circular Road is still for sale for €1.5m, and includes five bedrooms and four bathrooms. It was on the market for €4.5m three years ago, before its price was reduced to €2.7m last year.

The period home is set on 1.3 acres, on what its estate agents describe as “Limerick’s most sought after address”, with a “landmark residence” covering approximately 4,600 sq. ft.

The detached property features five bedrooms, four bathrooms, a games room, library, study, conservatory, drawing room, dining room, living room and coat room

Figures for house sales in November, as listed through the register, are not fully up to date, but the sale of 48 houses have been registered to date for stamp duty purposes.

 

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