27 May 2022

Auction sees incredible bidding wars for Offaly properties

Auction sees incredible bidding wars for Offaly properties

Auction sees incredible bidding wars for two Offaly properties

A recent auction run by BidX1, an online auction house, resulted in a number of bidding wars for two Offaly lots in particular. 

An apartment at Clonmullen Hall in Edenderry was introduced as one of the early lots in the September 18 auction. The ground floor two-bedroom apartment carried a €40,000 reserve but it was soon clear the price would exceed that.

An opening bid on the reserve mark sparked a feverish back and forth with at least four different bidders joining the fray to compete for the keys. After 35 bids, the new owner sealed the deal with a €75,000 price tag. 

One of the later lots was a somewhat rundown four-bedroom bungalow in the Clara countryside and once again a bidding war ensued for its title deeds. 16 different bids from just two bidders pushed the price from an opening bid of €57,000 all the way up to the eventual sale price of €72,000.

Also for sale on the day was a 0.5-acre site at Collins Lane in Tullamore, and it too sparked a huge bidding war on BidX1. With a guide price of just €20,000, the narrow parcel of land attracted a whopping 85 bids before eventually bringing the virtual hammer down at €110,000.  

Ten further Offaly lots remained unsold on the day having not received a bid exceeding their respective reserves. They included a three-bedroom semi-detached house in the Sycamore Estate in Edenderry with a €140,000 reserve.

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