A property in Portnablagh with a reserve price of €270,000 has sold for €395,000 at auction.

The property, which is in need of some refurbishment, was put on the market by Robinson Estate Agent in the popular seaside village.

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Boyd Robinson, who oversaw the auction, said he was pleased with the eventual sale price.

Bidders at the outdoor auction on the site of the property were cautious at the start but bids came in fast and furious with the house selling for just under €400,000.

Mr Robinson said the result was a reflection of increased prices for holiday homes in the area since lockdown.

He told Donegal Daily “It is a sign of how demand for holiday homes in Donegal has ramped up since the end of the lockdown.

“Every property we have at present is attracting bidders and short supply to the market is resulting in price increases.”

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The latest sale close to Portnablagh Pier follows another recent eyebrow-raising price for a five-bedroom house with stunning views.

The property is reported to have fetched a staggering €950,000 following a bidding war.

The view from the property in Portnablagh which sold for €395,000 at auction.


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