It was Ireland’s cheapest home, but the two bedroom cottage in Carrigallen was pulled from the Allsop auction last week because the owner panicked over the price.
By Fiona Heavey
The two bed bungalow at Drumcannon, Carrigallen had a reserve price of just €7,500 and was due to go under the hammer at the Allsop distressed preoperties auction in Dublin last Thursday, March 1.
But owner Noel Sutherland pulled the property on the day of the auction. He said he “panicked over the price” and was hoping it would sell for around €40,000.
It is expected the house will go back on the market, as the owner is keen to sell but it will probably carry a more realistic reserve price.
According to Allsop Space’s auction director Robert Hoban speaking on radio last month the cottage is “habitable, but it needs some work done to it.”
To read the full story see this week’s Leitrim Observer.