WATCH: Dubai and Australian interest as Limerick cottage sells at auction

A COTTAGE in Bruree has sold for €13,000 over the asking price of €50,000.

It was one of a number properties sold at Youbid.ie’s latest online auction. A record number of bidders – including buyers from Dubai and Australia – snapped up 90% of residential and commercial properties 

Lots sold for an average of 17% above the reserve as O’Connor Murphy estate agents’ online platform saw "substantial interest" in its April sale.

High performers included the sale of a large family dormer bungalow in Tipperary, which sold for €245,000 - €55,000 above its reserve.

The only Limerick property for sale was the two bedroom abode requiring extensive refurbishment in Ballyfookeen, Bruree.

"Our April auction was hugely successful, drawing substantial interest from abroad, with bidders in Ireland joined by those in the UK, Dubai and Australia,” said Michael O’Connor, Director, Youbid.ie

"We had a mix of residential, investment, commercial and land going under the digital hammer, with a 90% success rate during the auction and the remaining 10% under negotiation. 

"Prices exceeded an average of 17% over their reserves and on this occasion, we had a record number of bidders.

Our next auction, our 12th since we began last May, takes place on May 27."

Also sold at the April auction was No 47 Annabella Park in Mallow, which went under the hammer for €99,000 - €29,000 above the AMV of €70,000.

Two units at the Roslevan Shopping Centre in Ennis, both met their reserves, selling for €130,000 and €100,000 respectively.

Properties for Youbid.ie’s next auction on May 27 are listed on its website. Documentation and brochures are available by registering on Youbid.ie or by calling 01-5676979. Email: info@youbid.ie for more details.

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