Allsop Space Auction Analysis

Allsop Space Auction Analysis

The crowds that gathered for the Allsop auction on Friday the 15th April 2011 were a mixture of onlookers, the curious, First Time Buyers and small time investors. Out of the 84 lots on offer, 81 were sold, the majority of which sold in excess of the reserve price, 2 were withdrawn and only 1 left unsold. We have compiled the comprehensive table below to illustrate the results of the auction.

Lot Address Type Bedrooms Annual Rent Sold For Yield Reserve % Above Reserve
1 1 Lensmen House, Essex Street, Dublin 2, Temple Bar Apt Studio Studio 126,000 80,000 58%
2 428 Castleforbes Square, Upper Mayor Street, Dublin 1 Apt 1 Bed 10,800 129,000 8.37% 100,000 29%
3 41 The Tannery, Cork Street, Dublin 8 Apt 1 Bed 11,400 102,000 11.18% 85,000 20%
4 3 Chancery Court, Bride Street, Dublin 8 Apt 2 Bed 15,600 159,000 9.81% 160,000 -1%
5 1 Wilford Court, Co. Wicklow, Bray Apt 2 Bed 10,800 154,000 7.01% 105,000 47%
6 3 Seaview, Co. Galway, Clifden Apt 3 Bed 10,800 141,000 7.66% 102,500 38%
7 4 Bridle Walk, Kilminchy, Co. Laois, Portlaoise Apt 2 Bed 5,520 61,000 9.05% 35,000 74%
8 28 Bridle Walk, Kilminchy, Co. Laois, Portlaoise Apt 2 Bed 5,880 62,000 9.48% 35,000 77%
9 Retail Unit, Castle Street, Co. Tipperary, Roscrea-Freehold Shop 35,000 336,000 10.42% 205,000 64%
10 7 Meadows Villas, Dublin 14, Co. Dublin, Dundrum House House 3 Bed 410,000 290,000 41%
11 Apartment 31, 25 Wolfe Tone Street, Dublin 1 Apt 2 Bed 120,000 85,000 41%
12 415 Castleforbes Square, Upper Mayor Street, Dublin 1 Apt 1 Bed 116,000 100,000 16%
13 432 Castleforbes Square, Upper Mayor Street, Dublin 1 Apt 2 Bed 13,800 190,000 7.26% 140,000 36%
14 9 Hybla Court, Blackhorse Avenue, Dublin 7 Apt 2 Bed 107,000 90,000 19%
15 51 Lakeshore Drive,Galway City, Renmore House 3 Bed 332,500 265,000 25%
16 59 and 60 Murrough Drive, Merlin Park, Galway City, Co. Galway, Renmore House 2 Houses 3 + 4 Beds 17,400 205,000 8.49% 170,000 21%
17 28 Chancery Court, Bride Street, Dublin 8 Apt 2 Bed 15,600 159,000 9.81% 160,000 -1%
18 16 Clan House, Dominick Street, Co. Galway, Galway City Centre Apt 2 Bed 4,680 74,000 6.32% 70,000 6%
19 44 Chancery Court, Bride Street, Dublin 8 Apt 3 Bed 345,000 230,000 50%
20 103, 103A and 103B Rathgar Road, Dublin 6 Shop + 2 offices 30,000 350,000 8.57% 300,000 17%
21 37 The Tannery, Cork Street,, Dublin 8 Apt 1 Bed 9,900 93,000 10.65% 85,000 9%
22 2 Auburn Park, Dublin 15, Castleknock Apt 3 Bed 13,800 207,000 6.67% 190,000 9%
23 5 Auburn Park, Dublin 15, Castleknock Apt 3 Bed 13,800 200,000 6.90% 190,000 5%
24 6 Rookwood View, Stocking Lane, Dublin 16, Rathfarnham Inv Flat 13,140 Sold after 145,000
25 108 Churchtown Road Lower, Dublin 14, Churchtown House House 4 Bed 495,000 400,000 24%
26 106 Churchtown Road Lower, Dublin 14, Churchtown House House 4 Bed 505,000 400,000 26%
27 17 Clan House, Dominick Street, Co. Galway, Galway City Centre Apt 2 Bed 70,000 70,000 0%
28 33 Bridle Walk, Kilminchy, Co. Laois, Portlaoise Apt 2 Bed 5,280 64,000 8.25% 35,000 83%
29 11 Lord Edward Street, Co. Limerick, Kilmallock Shop Shop 32,000 285,000 11.23% 140,000 104%
30 380 Castleforbes Square, Upper Mayor Street, Dublin 1 Apt 3 Bed 179,000 180,000 -1%
31 Apartments 1-6 and Units 1-3, Tuskar House, Johns Gate, Co. Wexford, 6 Apts , 3 Retail units 560,000 210,000 167%
32 11 Auburn Park, Dublin 15, Castleknock Apt 2 Bed 11,100 159,000 6.98% 165,000 -4%
33 12 Auburn Park, Dublin 15, Castleknock Apt 2 Bed 12,000 160,000 7.50% 165,000 -3%
34 42 Raglan Lane, Ballsbridge, Dublin 4 House 4 Bed 550,000 600,000 -8%
35 Apartment 21, Gleann Na Tra, Sandy Road, Galway City Apt 2 Bed 95,000 52,500 81%
36 18 Clan House, Dominick Street, Galway City Centre Apt 2 Bed Sold After 70,000
37 418 Castleforbes Square, Upper Mayor Street, Dublin 1 Apt 2 Bed 161,000 140,000 15%
38 Ground Floor and Basement , 137 Capel Street, Dublin 1 Shop 190,000 130,000 46%
39 63 The Tannery, Cork Street, Dublin 8 Apt 2 Bed 12,600 120,000 10.50% 120,000 0%
40 1 Hybla Court, Blackhorse Avenue, Dublin 7 Apt 2 Bed 9,600 100,000 9.60% 90,000 11%
41 37 Braemor Park, Churchtown, Dublin 14 House 4 Bed 470,000 400,000 18%
42 13 Rookwood View, Stocking Lane, Dublin 16, Rathfarnham Apt 2 Bed 12,900 145,000 8.90% 145,000 0%
43 21 Auburn Park, Dublin 15, Castleknock Apt 2 Bed 15,000 160,000 9.38% 165,000 -3%
44 Crohamhurst, Sandyford Road, Sandyford, Dublin 18 House 6 Bed 530,000 400,000 33%
45 Withdrawn
46 357 Castleforbes Square, Upper Mayor Street, Dublin 1 Apt 1 Bed 99,000 100,000 -1%
47 The Glen House, Kyle, Baltinglass, Co. Wicklow, Wicklow Land 55 Acres 420,000 290,000 45%
48 Unit 3, Mahon Shopping Centre, Co. Cork, Mahon Village Shop Shop 20,000 130,000 15.38% 140,000 -7%
49 152 Cois Na hAbhainn, Co. Galway, Tuam House House 3 Bed 7,800 70,000 11.14% 45,000 56%
50 19 Clan House, Dominick Street, Co. Galway, Galway City Centre Apt 2 Bed 70,000 70,000 0%
51 39 The Tannery, Cork Street, Dublin 8 Apt 1 Bed 10,800 103,000 10.49% 85,000 21%
52 Apartment 17, Patrick Square, Anne Street, Co. Kildare, Newbridge Apt 2 Bed 7,000 69,000 70,000 -1%
53 7 Rookwood View, Stocking Lane, Dublin 16, Rathfarnham Apt 2 Bed 13,200 139,000 9.50% 145,000 -4%
54 22 Auburn Park, Dublin 15, Castleknock Apt 2 Bed 15,000 168,000 8.93% 165,000 2%
55 Unit 2, Windmill Lodge, Windmill Road, Dublin 12 Shop 51,000 220,000 23.18% 120,000 83%
56 Site at Estuary Road, Co.Dublin Site 230,000 230,000 0%
57 371 Castleforbes Square, Upper Mayor Street, Dublin 1 Apt 2 Bed 13,800 140,000 9.86% 140,000 0%
58 34 Bridle Walk, Kilminchy, Co. Laois, Portlaoise Apt 2 Bed 5,520 64,000 8.63% 35,000 83%
59 19 Chancery Court, Bride Street, Dublin 8 Apt 2 Bed 14,400 160,000 9.00% 160,000 0%
60 Commercial Unit, Chancery Court, Bride Street, Dublin 8 Shop 57,000 60,000 -5%
61 20 Clan House, Dominick Street, Co. Galway, Galway City Centre Apt 2 Bed 70,000 70,000 0%
62 424 Castleforbes Square, Upper Mayor Street, Dublin 1 Apt 2 Bed 163,000 140,000 16%
63 The Medical Hall/Cross Pharmacy, Main Street, Co. Cork, Castletownbere Shop + Apt 47,500 365,000 13.01% 205,000 78%
64 9 The Tannery, Cork Street, Dublin 8 Apt 2 Bed 13,200 121,000 10.91% 120,000 1%
65 25 Gort Na Carraige, Co. Galway, Corrandulla House 4 Bed 124,000 125,000 -1%
66 14 Rookwood View, Stocking Lane, Dublin 16, Rathfarnham Apt 2 Bed 13,200 140,000 9.43% 145,000 -3%
67 31 Main Street, Co. Wicklow, Arklow Pub + Apt 400,000 260,000 54%
68 21 Clan House, Dominick Street, Co. Galway, Galway City Centre Apt 2 Bed 78,000 70,000 11%
69 33 Auburn Park, Dublin 15, Castleknock Apt 2 Bed 13,200 172,000 7.67% 165,000 4%
70 34 Auburn Park, Dublin 15, Castleknock Apt 2 Bed 12,000 180,000 6.67% 165,000 9%
71 62 The Tannery, Cork Street, Dublin 8 Apt 2 Bed 12,600 119,000 10.59% 120,000 -1%
72 431 Castleforbes Square, Upper Mayor Street, Dublin 1 Apt 2 Bed 13,200 165,000 8.00% 140,000 18%
73 464 Castleforbes Square, Upper Mayor Street, Dublin 1 Apt 3 Bed 16,200 185,000 8.76% 180,000 3%
74 15 Weston Crescent, Weston Park, Co. Dublin, Lucan House 4 Bed 250,000 250,000 0%
75 21 Dun Na Ri, Co. Carlow, Tinryland House 4 Bed 77,500
76 25 Alverno Drive, Co. Westmeath, Athlone House 3 Bed 49,000 50,000 -2%
77 3 Liffey Walk, Liffey Valley Park, Co. Dublin, Lucan House 3 Bed 161,000 130,000 24%
78 33 Heather Hill Wood, Sleaty Road, Co. Carlow, Carlow House 4 Bed 129,000 95,000 36%
79 36 Grange Heights, Co. Westmeath, Mullingar House 3 Bed 30,000 22,500 33%
80 Withdrawn
81 7 Hermitage Road, Co. Dublin, Lucan House 3 Bed 181,000 155,000 17%
82 Larraghmore, Ballyglunin, Co. Galway, Tuam House 4 Bed 74,000 42,500 74%
83 Site, Strand St Upper, Co. Wicklow, Wicklow Town Site 111 sq.M 52,000 20,000 160%
84 The Covet, Bostoncommon, Co. Kildare, Rathangan House + 2 Acres 140,000 140,000 0%

 

Notes of Interest

  • €14,868,500 realised in total.
  • 99% success rate – 82 lots offered; 81 sold.
  • 81 contracts signed on the day & 81 non-refundable deposits paid.
  • 26% above maximum reserve price on average.
  • 20% of purchasers were from overseas.
  • 1,900 viewings were recorded prior to auction.
  • Over 1,100 legal packs were downloaded prior to auction.
  • 100,000 visits to online catalogue; 40% of which were from overseas.

Breakdown of Property Types

  • 70 Residential Units (43 Tenanted; 27 Vacant)
  • 7 Retail Units (6 Tenanted; 1 Vacant)
  • 1 Pub 2 Sites 1 Farm 1 Mixed Use Development (Sold as a Block)

Breakdown of Location

  • 44 Dublin
  • 38 Nationwide

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