Log in

‘Cut stamp duty for first-timers’

 

A call for stamp duty to revert to 2 pc to enable more aspiring first-time buyers acquire once-off sites to build homes has been called for by IPAV, the Institute of Professional Auctioneers & Valuers, which says last year’s hike from 2 pc to 6 pc is adversely affecting the cost of a new house for first-time buyers.

  Launching its pre-Budget submission, Pat Davitt, Chief Executive of the organisation which represents 1,300 auctioneers and valuers, says the spike in the rate is exacerbating an already difficult situation.

  “Affordability is a big challenge for the typical first-time buyer in their twenties and thirties,” he said.   

  “With rising prices and the prudential requirement to have 10 pc of the purchase price as a deposit, the stamp duty hike effectively means the State insists buyers have a huge and unrealistic level of savings when a 6 pc contribution to the State is added for the privilege of a buying a site on which to build a home.

  “That discourages young people and those with fewer resources from living in rural Ireland in particular. It’s typically impacting the local nurse, garda or teacher,” he said.

  A building site valued at €40,000 now has a stamp duty charge of €2,400, as opposed to €800 a year ago.

  Mr. Davitt said the Government needs to recognise the particular challenges faced by rural Ireland and the need to encourage young people in particular to live and work in rural Ireland.

  IPAV’s submission also calls for VAT on building to be reduced from 13.5 pc to 9 pc and to be reviewed after two years.  

  “The total tax take on a new house is estimated to be somewhere in the region of 40 pc to 45 pc of the cost of a property. All such charges are paid in full by the house buyer and impact affordability,” it says.

  Concerns with the repeated delays in supplying rural broadband is also raised as a concern by IPAV. It warns “unless the plan can be successfully executed properties will lose value and in some areas will become unsaleable”.

 

Dancing at the crossroads…

 

Tulsk Inn pub and Country  Ballroom for auction this Friday

For sale by public auction, on this Friday, the 17th of August 2018 at 4 pm is the Tulsk Inn pub and Country Ballroom.

  The property is a renowned and highly-regarded trading house, having established itself as one of the region’s most popular entertainment venues.

  Tulsk is a thriving village which can accommodate most of a person’s everyday needs, and is widely-know as ‘the crossroads’ of the west of Ireland.

  Servicing a large catchment area, the Tulsk Inn pub and Country Ballroom is primely positioned to cater for large functions, dances, social events and all local and passing trade

  The property is presented for sale in excellent condition throughout by its present owners and offers a premium opportunity to develop and expand the property’s existing reputation in the country music scene and beyond.

  The overall floor area spans circa 4,284 square feet.

  For further details or to arrange a viewing, please contact John Earley (FIPAV), Property Partners Earley, Roscommon on 090-6626579, email This email address is being protected from spambots. You need JavaScript enabled to view it. or log on to www.propertypartners.ie.

 

New launch at Kilronan Castle

 

This week, John Earley (FIPAV) of Property Partners Earley, Roscommon is launching superior-quality 3- and 4-bedroomed luxury homes located at Carolan’s Court, Kilronan Castle, Ballyfarnon, Co. Roscommon, with prices from €119,500, and house viewing by appointment.

  The auctioneers commented: “Whether as an investment, a holiday home or for a weekend escape, you can indulge yourself in some of the most unspoilt countryside without feeling isolated.

  “These spacious properties are presented for sale with fitted kitchen, fitted fireplace, fitted wardrobes and with bathrooms fitted and tiled. Offering rolling gardens, which extend onto dozens of acres of manicured grounds and natural lakeside woodlands, this truly is a once in a lifetime opportunity to purchase a piece of countryside bliss.

  “Every care and attention to detail has been given to providing a state-of-the-art property and a full fit-out package is available on request. Purchasers will also have the benefit of two years’ membership of Kilronan Castle’s world class leisure centre”.

  Showhouse viewings are by appointment and for further details, please contact John Earley (FIPAV) of Property Partners Earley, Roscommon on 090-6626579, or log on to www.propertypartners.ie.

 

Great response to student housing shortage in Athlone

 

Calls for homeowners to open their doors to desperate students have not fallen on deaf ears, says Áine Daly, vice-president for student welfare and accommodation at Athlone Institute of Technology.

  In the past week, more than 60 homeowners have come forward offering to house students amid the accommodation shortage currently besetting Athlone.



  “The positive response from the local community has been overwhelming. It seems a lot of people simply didn’t realise that such an accommodation shortage existed in Athlone. Thankfully, we’ve had a huge increase in the number of digs registered off the back of our call last week,” she said.



  The housing shortage, which was a problem almost exclusively affecting Ireland’s capital and major cities, is now spilling over to areas like Athlone, thanks to significant multinational investment, increased employability and improvements in amenities in the Midlands and surrounding region.

  “Students are having to compete with an influx of working professionals looking for accommodation. This coupled with our increasing student numbers means that there is a massive need for purpose-built student accommodation on campus to service the growth,” Áine said.



  Ms. Daly is keen to emphasise that Athlone still represents incredibly good value for money: “Students can rent a single bedroom in the Midlands for between €70-€80 per week. In the capital, they can expect to pay up to three times that”.

  For anyone interested in renting out a spare room in their house to students, please contact Ms. Daly by phone (090) 6468067 or email This email address is being protected from spambots. You need JavaScript enabled to view it..


Final offers sought for Donamon lands

 

Property Partners Earley, Roscommon are inviting final offers for prime lands located at Ardmore, Donamon, Co. Roscommon, containing approx. 27.16 acres.  The agents describe the property as “a select parcel of lands containing 27.16 acres, located in a renowned farming district adjacent, to Donamon Castle”.

  Offering good road frontage, the said lands hold obvious future site potential (subject to planning permission) and the auctioneers now invite immediate viewings and all offers to sell. 

  To arrange maps, or for further details contact John Earley (FIPAV), Property Partners Earley, Stone Court, The Square, Roscommon on 090-6626579, email This email address is being protected from spambots. You need JavaScript enabled to view it. or log on to www.propertypartners.ie.

 

Final offers sought for prime farm at Donamon

 

John Earley (FIPAV) of Property Partners Earley, Roscommon is inviting final offers for a prime farm of lands containing approximately 100 acres, located at Emlaghbeg, Emlaghmore, Donamon, Co. Roscommon.

  This property consists of a prime farm of lands located in a renowned farming district approximately 8km from Roscommon town, on which stands a fine four-bedroomed, two-storey residence and a comprehensive farmyard.

  The said property can be sold in one or more lots should market interest dictate and is set out as follows: Lot 1: the entire; Lot 2: approximately 9.1 acres; Lot 3: four-bedroomed residence standing on approximately 0.7 of an acre; Lot 4: approximately 63 acres with farmyard, which incorporates a 3-bay hay-barn, a 3-bay lean-tos off, 4-bay off slatted shed, holding yard, storage shed at side, cattle crush and pen; Lot 5: approx. 27 acres.

  The auctioneers now invite immediate enquiries and final offers to sell.

  To arrange maps, or for further details contact John Earley (FIPAV), Property Partners Earley, Stone Court, The Square, Roscommon on 090-6626579, email This email address is being protected from spambots. You need JavaScript enabled to view it. or log on to www.propertypartners.ie.

 

REA Seamus Carthy are hosting online auctions in the coming weeks

A spokesperson for REA Seamus Carthy said the company has a 98% sale success rate with their online auctions.   Below are some of the properties which REA Seamus Carthy will offer for sale online.

 

11, The Oaks, Frenchpark

This is an extremely well presented four-bedroomed townhouse situated in a modern and fully completed residential estate in the village of Frenchpark. This property is in ‘turnkey’ condition and ready to walk into. It will be of interest to owner-occupiers and investors alike. Asking price is €70,000.

  The auction date is Friday, 17th of August 2018. See www.reaonlineauctions.ie/contact Seamus Carthy at REA Seamus Carthy on 090-6630001.

Kilnamanagh, Frenchpark

At Kilnamanagh, Frenchpark is this traditional three-bedroomed country home offering exceptional value for money.

  Situated on a quiet country roadside setting, it’s convenient to the picturesque town of Boyle and has lots of potential. €30,000 is the asking price.

  It will go for auction online on Friday, 24th of August 2018.

  See www.reaonlineauctions.ie/contact Seamus Carthy at REA Seamus Carthy on 090-6630001.

Kingsland Cottages

Also for sale in a forthcoming online auction with REA Seamus Carthy is a development known as ‘Kingsland Cottages’ at Finisklin, Boyle.

  This development provides an ideal investment opportunity to investors and developers alike. €225,000 is the asking price.

  It comprises of a five-bedroomed detached property (would be an ideal family home) and

three three-bedroomed self-contained holiday apartments, one one-bedroomed apartment and an associated facilities building providing office/reception/games room and ancillary accommodation.

  Completion is required and immediate viewing highly recommended. The online auction is on Friday, 31st of August.

  See www.reaonlineauctions.ie/contact Seamus Carthy at REA Seamus Carthy on 090-6630001.

Coming soon…

REA Seamus Carthy wishes to provide preliminary notice of further properties being sold by online auction, namely: a two-storey residence at 6, Abbeyfield, Ballaghaderreen, Co. Roscommon; an attractive bungalow at Brennamore, Loughglynn, Co. Roscommon; and a bungalow residence at Tallaghan, Ballaghaderreen, Co, Roscommon.

  Please contact Seamus Carthy at REA Seamus Carthy on 090-6630001.

 

Seeking all types of properties

Due to a number of recent sales, Hughes & Company are looking for all types of properties in and around the Roscommon Town area for disappointed underbidders.

  If you are thinking of buying or selling, contact Pat and let him advise you…his advice is free. Contact the office on 090-6627003 or email This email address is being protected from spambots. You need JavaScript enabled to view it.

Lands with excellent road frontage

 

At Beechwood, Roscommon, Hughes & Company have for sale circa 10 acres of land with excellent road frontage onto the main Lanesboro to Roscommon Road. 

  The lands are located less than three miles from Roscommon Town. Viewing is a must.

  For further information or to make an appointment to view, contact the office on 090-6627003 or email This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Townhouse with rental income

At Brogans Lane, Roscommon Town, Hughes & Company are offering an attractive three- bedroomed townhouse for sale.

  The residence is in excellent condition and can be sold fully furnished if required. The residence is generating an annual rental income of €9,600.

  For further information or to make an appointment to view, contact the office on 090-6627003 or email This email address is being protected from spambots. You need JavaScript enabled to view it.

Subscribe to this RSS feed

Roscommon