Allsop Space. Statistical Analysis April - September 2011

Transcription

1 Allsop Space Statistical Analysis April - September 2011

2 231 lots offered 92.6% success rate 214 lots sold 4.9m from overseas 40m raised The Auction For the period April to September 2011, Allsop Space Ltd sold 214 properties for a combined total of 40 million. The properties were disposed of over three auctions, held in April, July and September. A further sale in November will complete the 2011 series of auctions.

3 The Buyer A combined total of over 300,000 people read the online catalogue, from over 130 countries worldwide, over the course of the three auctions. An attendance of over 6,000 was recorded at the three events in the Shelbourne Hotel. 4,711 people inspected the properties and there were 3,941 Legal Packs issued. At each auction there have been on average over 40 registered remote bidders, the majority of which are from overseas. Interestingly, most overseas bidders were outbid by Irish purchasers. The below represents a breakdown of the buyer profile: Type Development 11% Unknown 3% Finance With Bank Finance 14% Owner Occupier 29% Buy to Let Investor 57% Without Bank Finance 86% Origin Overseas 13% Dublin 29% Regions 58%

4 The Property The average catalogue comprises a broad mix of property types and locations, both tenanted and untenanted. Whilst primarily residential, there has been an interesting mix of commercial properties sold, with healthy interest in income-producing Lots, from both home and abroad. The below represents a breakdown of the types of property sold. Type Tenancy Commercial 18% House 41% Apartment 41% Vacant 51% Tenanted 49% Location Commercial Mixed Use / Block 10% Industrial 8% Office 3% Rest of Country 49% Dublin 51% Public House 10% Land/Site 16% Retail 53%

5 The Price It is interesting to analyse the relationship between reserve price and sale price. Of the 214 properties sold, 75% of the properties sold for a price in excess of the reserve price. The average sale price was 30% above reserve, indicating the strength of appetite for property when marketed at a fair price. The individual prices achieved, however, were quite varied, with some properties selling in and around the reserve price, and others up to 440% above reserve price. This is indicative of the unpredictability of the current market, and shows quite clearly how the market naturally finds its own level, once properties are marketed correctly and to the widest possible audience. As predicted, it is becoming quite clear that yields derived from rental income are once again emerging as the primary mechanism behind property values, for both the residential and commercial sectors. With an overall average of a 9.43% yield being returned off sale prices, the auction results are helping to reinforce the concept of true value being defined by rental potential. This is not the case in all instances, however, as owner occupiers continue to outbid investors for family homes in prime locations, as evidenced by the very strong prices achieved at auction for prime residential properties in Dublin 4 and Dublin 6, for example. Yield Analysis (Average) Houses Apartments Commercial Overall Dublin 8.36% 8.86% 13.54% 9.47% Rest of Country 7.68% 8.63% 11.40% 9.35% National 8.00% 8.80% 12.40% 9.43% Below is an analysis of the average price for the residential properties sold to date. This analysis is based on the 179 houses and apartments sold to date. It will take a number of further auctions to build a more representative analysis of the large variety of properties and locations. Price Analysis (Average) Houses Apartments Overall Dublin 388, , ,980 Rest of Country 126,982 79, ,228 National 219, , ,331

6 The World The interest abroad in the Allsop Space auctions has been staggering. The auctions have been widely reported on across the world s media, from The Wall Street Journal to the Sydney Morning Herald. Consistently, each auction attracts approximately 100,000 people to the online catalogue, with the visits originating from over 130 countries worldwide. As an example, below is an analysis of international interest in the September catalogue, as provided by Google Analytics.

7 The Results Listed below are the full results of all three auctions to date, with maximum reserve prices, sale prices, yields and buyer origin. Friday 15 th April 2011 Lot Number Property Address Description Status Purchaser Origin Maximum Reserve Sale Price Percentage Current Over Rent Yield Offered Yield Achieved April - Lot 01 1 Lensmen House, Essex Street, DUBLIN 2 Vacant Studio Apartment Sold Dublin 80, ,000 58% April - Lot Castleforbes Square, Upper Mayor Street, DUBLIN 1 Investment 1 Bed Apartment Sold Dublin 100, ,000 29% 10, % 8.4% April - Lot The Tannery, Cork Street, DUBLIN 8 Investment 1 Bed Apartment Sold Dublin 85, ,000 20% 11, % 11.2% April - Lot 04 3 Chancery Court, Bride Street, DUBLIN 8 Investment 2 Bed Apartment Sold Dublin 160, ,000-1% 15, % 9.8% April - Lot 05 1 Wilford Court, Bray, WICKLOW Investment 2 Bed Apartment Sold Wicklow 105, ,000 47% 10, % 7.0% April - Lot 06 3 Sea View, Clifden, GALWAY Part Vacant Building Sold ENGLAND 102, ,000 38% 3, % 2.6% April - Lot 07 4 Bridle Walk, Kilminchy Portlaoise, LAOIS Investment 2 Bed Apartment Sold Kilkenny 35,000 61,000 74% 5, % 9.0% April - Lot Bridle Walk, Kilminchy Portlaoise, LAOIS Investment 2 Bed Apartment Sold Dublin 35,000 62,000 77% 5, % 9.5% April - Lot 09 Pharmacy, Castle Street, Roscrea, TIPPERARY Investment Retail Unit Sold Tipperary 205, ,000 64% 35, % 10.4% April - Lot 10 7 Meadow Villas, Dundrum, DUBLIN 14 Vacant 3 Bed House Sold Dublin 290, ,000 41% April - Lot 11 Apartment 31, 25 Wolfe Tone Street, DUBLIN 1 Vacant 2 Bed Apartment Sold Dublin 85, ,000 41% April - Lot Castleforbes Square, Upper Mayor Street, DUBLIN 1 Vacant 1 Bed Apartment Sold Wicklow 100, ,000 16% April - Lot Castleforbes Square, Upper Mayor Street, DUBLIN 1 Investment 2 Bed Apartment Sold SCOTLAND 140, ,000 36% 13, % 7.3% April - Lot 14 9 Hybla Court, Blackhorse Avenue, DUBLIN 7 Vacant 2 Bed Apartment Sold Dublin 90, ,000 19% April - Lot Lakeshore Drive, Renmore, GALWAY Vacant 4 Bed House Sold Limerick 265, ,500 25% April - Lot & 60 Murrough Drive, Renmore, GALWAY Investment 2 Houses Sold Galway 170, ,000 21% 17, % 8.5% April - Lot Chancery Court, Bride Street, DUBLIN 8 Investment 2 Bed Apartment Sold Dublin 160, ,000-1% 15, % 9.8% April - Lot Clan House, Dominick Street, GALWAY Vacant 2 Bed Apartment Sold Tipperary 70,000 74,000 6% April - Lot Chancery Court, Bride Street, DUBLIN 8 Vacant 3 Bed Penthouse Sold ENGLAND 230, ,000 50% April - Lot & 103B Rathgar Road, DUBLIN 6 Investment Building Sold Dublin 300, ,000 17% 30, % 8.6% April - Lot The Tannery, Cork Street, DUBLIN 8 Investment 1 Bed Apartment Sold ENGLAND 85,000 93,000 9% 9, % 10.6% April - Lot 22 Unit 2 Auburn Park, Castlenock, DUBLIN 15 Investment 3 Bed Apartment Sold Dublin 190, ,000 9% 13, % 6.7% April - Lot 23 Unit 5 Auburn Park, Castlenock, DUBLIN 15 Investment 3 Bed Apartment Sold Dublin 190, ,000 5% 13, % 6.9% April - Lot 24 6 Rookwood View, Stocking Lane, Rathfarnham, DUBLIN 16 Investment 2 Bed Apartment Sold Kildare 145, ,000-3% 13, % 9.3% April - Lot Churchtown Road, Lower, DUBLIN 14 Vacant 4 Bed House Sold Dublin 400, ,000 24% April - Lot Churchtown Road, Lower, DUBLIN 14 Vacant 4 Bed House Sold Kildare 400, ,000 26% April - Lot Clan House, Dominick Street, GALWAY Vacant 2 Bed Apartment Sold ENGLAND 70,000 70,000 0% April - Lot Bridle Walk, Kilminchy Portlaoise, LAOIS Investment 2 Bed Apartment Sold Laois 35,000 64,000 83% 5, % 8.3% April - Lot 29 Pharmacy, 11 Lord Edward Street, Kilmallock, LIMERICK Investment Retail Unit Sold Meath 140, , % 32, % 11.2% April - Lot Castleforbes Square, Upper Mayor Street, DUBLIN 1 Vacant 3 Bed Apartment Sold MONACO 180, ,000-1% April - Lot 31 Tuskar House, Johns Gate, WEXFORD 6 Apartments & 3 Units Sold SPAIN 210, , % April - Lot 32 Unit 11 Auburn Park, Castlenock, DUBLIN 15 Investment 2 Bed Apartment Sold Clare 165, ,000-4% 11, % 7.0% April - Lot 33 Unit 12 Auburn Park, Castlenock, DUBLIN 15 Investment 2 Bed Apartment Sold MONACO 165, ,000-3% 12, % 7.5% April - Lot Raglan Lane, Ballsbridge, DUBLIN 4 Vacant 4 Bed House Sold Dublin 600, ,000-8% April - Lot 35 Apartment, 21 Sandy Road, GALWAY Vacant 2 Bed Apartment Sold Galway 52,500 95,000 81% April - Lot Clan House, Dominick Street, GALWAY Vacant 2 Bed Apartment Sold Sligo 70,000 69,000-1% April - Lot Castleforbes Square, Upper Mayor Street, DUBLIN 1 Vacant 1 Bed Apartment Sold Dublin 140, ,000 15% April - Lot Capel Street, DUBLIN 1 Vacant Retail Unit Sold Dublin 130, ,000 46% April - Lot The Tannery, Cork St, DUBLIN 8 Investment 2Bed Apartment Sold FRANCE 120, ,000 0% 12, % 10.5% April - Lot 40 1 Hybla Court, DUBLIN 7 Investment 2 Bed Apartment Sold Dublin 90, ,000 11% 9, % 9.6% April - Lot Braemor Park, Churchtown, DUBLIN 14 Vacant 4 Bed House Sold Meath 400, ,000 18% April - Lot Rookwood View, Stocking Lane, Rathfarnham, DUBLIN 16 Investment 2 Bed Apartment Sold Meath 145, ,000 0% 12, % 8.9% April - Lot 43 Unit 21 Auburn Park, Castlenock, DUBLIN 15 Investment 2 Bed Apartment Sold Dublin 165, ,000-3% 15, % 9.4% April - Lot 44 Croham Hurst, Sandyford Road, Sandyford, DUBLIN 18 Vacant 6 Bed House Sold Dublin 400, ,000 33% April - Lot 45 W/D prior W/D prior April - Lot Castleforbes Square, Upper Mayor Street, DUBLIN 1 Vacant 1 Bed Apartment Sold Dublin 100,000 99,000-1% April - Lot 47 Kyle, Baltinglass, WICKLOW Vacant Farmhouse Sold MONACO 290, ,000 45% April - Lot 48 IPOS, Mahon Village, CORK Investment Retail Unit Sold Kildare 140, ,000-7% 20, % 15.4% April - Lot Cois na habhainn, Tuam, GALWAY Investment 3 Bed House Sold Galway 45,000 70,000 56% 7, % 11.1% April - Lot Clan House, Dominick Street, GALWAY Vacant 2 Bed Apartment Sold Galway 70,000 70,000 0% April - Lot The Tannery, Cork Street, DUBLIN 8 Investment 1 Bed Apartment Sold Dublin 85, ,000 21% 10, % 10.5% April - Lot 52 St Patricks Square, Newbridge, KILDARE Investment 1 Bed Apartments Sold MONACO 70,000 69,000-1% 6, % 8.7% April - Lot 53 7 Rookwood View, Stocking Lane, Rathfarnham, DUBLIN 16 Investment 2 Bed Apartment Sold Cork 145, ,000-4% 13, % 9.5% April - Lot 54 Unit 22 Auburn Park, Castlenock, DUBLIN 15 Investment 2 Bed Apartment Sold Dublin 165, ,000-1% 15, % 9.2% April - Lot 55 Unit 2 Windmill Lodge, Windmill Road, Crumlin, DUBLIN 12 Investment Retail Unit Sold Kildare 120, ,000 83% 51, % 23.2% April - Lot 56 Site at Estuary Road, Malahide, DUBLIN Vacant Site Sold Dublin 230, ,000 0% April - Lot Castleforbes Square, Upper Mayor Street, DUBLIN 1 Investment 2 Bed Apartment Sold Meath 140, ,000 0% 13, % 9.9% April - Lot Bridle Walk, Kilminchy Portlaoise, LAOIS Investment 2 Bed Apartment Sold ENGLAND 35,000 64,000 83% 5, % 8.6% April - Lot Chancery Court, Bride Street, DUBLIN 8 Vacant 2 Bed Apartment Sold Meath 160, ,000 0% April - Lot 60 Chancery Court, Bride Street, DUBLIN 8 Vacant Retail Unit Sold Clare 50,000 57,000 14% April - Lot Clan House, Dominick Street, GALWAY Vacant 2 Bed Apartment Sold Galway 70,000 70,000 0% April - Lot Castleforbes Square, Upper Mayor Street, DUBLIN 1 Vacant 2 Bed Apartment Sold Laois 140, ,000 16% April - Lot 63 Pharmacy, The Square, Casteltownbere, CORK Investment Building Sold Clare 205, ,000 78% 47, % 13.0% April - Lot 64 9 The Tannery, Cork Street, D8 Investment 2 Bed Apartment Sold Dublin 120, ,000 1% 13, % 10.9% April - Lot Gort Na Carraige, Corrundulla, GALWAY Vacant 4 Bed House Sold MONACO 125, ,000-1% April - Lot Rookwood View, Stocking Lane, Rathfarnham, DUBLIN 16 Investment 2 Bed Apartment Sold MONACO 145, ,000-3% 13, % 9.4% April - Lot 67 Rascals Pub, Arklow, WICKLOW Vacant Building Sold Wicklow 260, ,000 54% April - Lot Clan House, Dominick Street, GALWAY Vacant 2 Bed Apartment Sold Galway 70,000 78,000 11% April - Lot 69 Unit 33 Auburn Park, Castlenock, DUBLIN 15 Investment 2 Bed Apartment Sold MONACO 165, ,000 4% 13, % 7.7% April - Lot 70 Unit 34 Auburn Park, Castlenock, DUBLIN 15 Investment 2 Bed Apartment Sold Louth 165, ,000 9% 12, % 6.7% April - Lot The Tannery, Cork Street, DUBLIN 8 Investment 2 Bed Apartment Sold MONACO 120, ,000-1% 12, % 10.6% April - Lot Castleforbes Square, Upper Mayor Street, DUBLIN 1 Investment 2 Bed Apartment Sold ENGLAND 140, ,000 18% 13, % 8.0% April - Lot Castleforbes Square, Upper Mayor Street, DUBLIN 1 Investment 3 Bed Apartment Sold Dublin 180, ,000 3% 16, % 8.8% April - Lot Weston Crescent, Weston Park, Lucan, DUBLIN Vacant 4 Bed House Sold Dublin 250, ,000 0% April - Lot Dun Na Ri, Tinryland, CARLOW Vacant 4 Bed House Next Auction April - Lot Alverno, Athlone, WESTMEATH Vacant 3 Bed House Sold Westmeath 50,000 49,000-2% April - Lot 77 3 Liffey Walk, Liffey Valley Park, Lucan, DUBLIN Vacant 4 Bed House Sold Sligo 130, ,000 24% April - Lot Heather Hill Wood, Sleaty Road, CARLOW Vacant 4 Bed House Sold Carlow 95, ,000 36% April - Lot Grange Heights, Mullingar, WESTMEATH Vacant 3 Bed House Sold Dublin 22,500 30,000 33% April - Lot 80 W/D prior W/D prior April - Lot 81 7 Hermitage Road, Lucan, DUBLIN Vacant 3 Bed House Sold Galway 155, ,000 17% April - Lot 82 Larraghmore, Tuam, GALWAY Vacant 4 Bed House Sold Tipperary 42,500 74,000 74% April - Lot 83 Strand Street Upper, Wicklow Town, WICKLOW Vacant Site Sold Wicklow 20,000 52, % April - Lot 84 The Covet, Bostoncomon, Rathangan, KILDARE Vacant 2 Bed Cottage Sold Kildare 140, ,000 0% Total / Average 12,150,000 14,868,500 22% 12.0% 9.5%

8 Thursday 7 th July 2011 Lot Number Property Address Description Status Purchaser Maximum Percentage Current Yield Yield Sale Price Origin Reserve Over Rent Offered Achieved July - Lot Castleforbes Square, Upper Mayor Street, Dublin 1 Vacant 2 Bed Apartment Sold ENGLAND 142, ,000 4% July - Lot 02 Apt 1, Linden Square, Grove Avenue, Blackrock, Co. Dublin Investment 2 Bed Apartment Sold Wexford 202, ,000 34% 15, % 5.8% July - Lot 03 Unit 6 Bawnogue Shopping Centre, Clondalkin, Dublin 22 Investment Retail Unit Sold ENGLAND 120, ,000 16% 17, % 12.6% July - Lot 04 2 Stepaside Villas, Stepaside, Co. Dublin Investment 2 Bed House Sold Dublin 102, ,000 42% 10, % 7.4% July - Lot 05 Apartment 92B Smithfield Market, Dublin 7 Investment 2 Bed Apartment Sold Dublin 175, ,000 1% 14, % 8.1% July - Lot Knockthomas, Castlebar, Co. Mayo Vacant 3 Bed Bungalow Sold Mayo 42,000 87, % July - Lot 07 5 Hibernian Avenue, Dublin 3 Vacant 1 Bed Cottage Sold Dublin 62,000 67,000 8% July - Lot Castleforbes Sq, Block H, Upper Mayor Street, Dublin 1 Investment 2 Bed Apartment Sold Meath 142, ,000 2% 13, % 9.1% July - Lot 09 3 Killarney Park, Bray, Co. Wicklow Investment Building Sold Galway 150, ,000 47% 22, % 10.4% July - Lot Upper Kilmacud Road, Stillorgan, Co. Dublin Vacant 5 Bed House Sold Westmeath 275, ,000 2% July - Lot The Boulevard, Tyrrelstown, Dublin 15 Vacant 4 Bed House Sold ENGLAND 97, ,000 32% July - Lot 12 4a St. Fintans Villas, Blackrock, Co. Dublin Vacant Site Sold Dublin 30,000 66, % July - Lot 13 1 The Bridge, Thomastown, Co. Kilkenny Vacant 2 Bed House Sold Dublin 60,000 50,000-17% July - Lot 14 Newtown Manor, New Orchard, Kilkenny City, Co. Kilkenny Vacant 4 Bed House Sold Laois 410, ,000 7% July - Lot 15 Apt 20, Linden Square, Grove Avenue, Blackrock, Co. Dublin Investment 3 Bed Apartment Sold Dublin 222, ,000 28% 15, % 5.5% July - Lot 16 4 St Canice's Park, Glasnevin, Dublin 9 Investment 2 Bed Maisonette Sold Dublin 55,000 55,000 0% 6, % 11.6% July - Lot 17 9 Trinity Street, Drogheda, Co. Louth Investment Unit and 4 Bedsits Available 57,500 July - Lot 18 Apartment 10 Townsville St Mary's Road, Arklow, Co. Wicklow Vacant 2 Bed Apartment Sold Wicklow 62,000 71,000 15% July - Lot Castleforbes Square, Block J, Upper Mayor Street, Dublin 1 Vacant 1 Bed Apartment Sold Meath 105, ,000 26% July - Lot Ailesbury Road, Dublin 4 Vacant 6 Bed House Sold Dublin 1,450,000 2,325,000 60% July - Lot 21 Unit 1 Windmill Lodge, Windmill Rd, Crumlin, Dublin 12 Invesment Retail Unit Sold LUXEMBOURG 42,000 54,000 29% 13, % 24.1% July - Lot 22 Unit 3 Windmill Lodge, Windmill Rd, Crumlin, Dublin 12 Vacant Retail Unit Sold Dublin 42,000 73,000 74% July - Lot 23 1 The Green, Clover Meadows, Ferrybank, Co. Waterford Vacant 4 Bed House Sold Kilkenny 79,000 95,000 20% July - Lot 24 W/D prior W/D prior July - Lot The Boulevard, Tyrrelstown, Dublin 15 Vacant 4 Bed House Sold Kildare 97, ,000 27% July - Lot The Pines, Arklow, Co. Wicklow Vacant 4 Bed Bungalow Sold Wicklow 123, ,000-2% July - Lot 27 Land at Borrowaddy Road. Rathfeigh, Co. Meath Vacant Land Sold Cavan 75, , % July - Lot 28 W/D prior W/D prior July - Lot 29 1 & 2 West Street, Callan, Co. Kilkenny Vacant Building Sold Kilkenny 50,000 50,000 0% July - Lot 30 9 Primrose Avenue, Jigginstown, Naas, Co. Kildare Investment 3 Bed House Sold Kildare 92, ,000 57% 9, % 6.5% July - Lot Grallow Wood, Abbeyleix, Co. Laois Vacant 4 Bed House Sold Ireland 100, ,000 9% July - Lot Dun na Ri, Tinryland, Co. Carlow Vacant 4 Bed House Sold SOUTH AFRICA 40,000 71,000 78% July - Lot 33 2 The Green, Clover Meadows, Ferrybank, Co. Waterford Vacant 4 Bed House Sold Waterford 79, ,000 39% July - Lot Ard Aoibhinn, Innishannon, Co. Cork Vacant 3 Bed House Sold Cork 132, ,000 21% July - Lot 35 Cabragh, Carnaross, Kells, Co. Meath Vacant House Sold Meath 22,000 67, % July - Lot 36 The Pint Pub, 28 Eden Quay, Dublin 1 Investment Public House Sold Dublin 485, ,000 0% 78, % 16.1% July - Lot 37 Curraghrour East, Gortmore, Lombardstown, Co. Cork Vacant 4 Bed House Sold Cork 102,000 70,000-31% July - Lot Park Gate, Tullow, Co. Carlow Vacant 4 Bed House Sold ENGLAND 95, ,500 24% July - Lot 39 25a John Dillion Street, Christchurch, Dublin 8 Vacant 1 Bed House Sold Tipperary 55,000 71,000 29% July - Lot The Pines, Arklow, Co. Wicklow Investment 4 Bed Bungalow Sold Wicklow 123, ,000-2% 9, % 7.8% July - Lot 41 W/D prior W/D prior July - Lot 42 W/D prior W/D prior July - Lot Grallow Wood, Abbeyleix, Co. Laois Investment 4 Bed House Sold Laois 100, ,000 12% 7, % 7.0% July - Lot Ard Aoibhinn, Innishannon, Co. Cork Vacant 3 Bed House Sold Westmeath 132, ,000 12% July - Lot Castleforbes Square, Upper Mayor Street, Dublin 1 Investment 1 Bed Apartment Sold Meath 105, ,000 28% 11, % 8.7% July - Lot 46 1 Stepaside Villas, Stepaside, Co. Dublin Vacant 3 Bed House Sold Wexford 102, ,000 49% July - Lot 47 Apt 30 Spencer's Court, Summerhill Rd, Enniscorthy, Co. Wexford Investment 2 Bed Apartment Sold Wexford 30,000 70, % 6, % 9.4% July - Lot 48 2 The Bridge Street, Thomastown, Co. Kilkenny Vacant 2 Bed House Sold Kilkenny 60,000 48,000-20% July - Lot 49 Katty Barry's Pub, Mall Lane, Waterford Investment Public House Sold Carlow 185, ,500 26% 25, % 10.8% July - Lot Primrose Lane, Jigginstown, Naas, Co. Kildare Investment 4 Bed House Sold Kildare 112, ,000 22% 12, % 8.8% July - Lot 51 7 Blackberry Glade, Arklow, Co. Wicklow Vacant 4 Bed Bungalow Sold Wicklow 122, ,000 22% July - Lot 52 The Mill House and Mill Mews, Schull, Co. Cork 3 bed House and 3 bed Mews Sold Dublin 270, , % July - Lot Shanard Road, Santry, Dublin 9 Investment Building Sold Dublin 215, ,500 76% 43, % 11.5% July - Lot Villers Road. Rathgar, Dublin 6 Vacant 5 Apartments Sold Kildare 495, ,000-9% July - Lot Castleforbes Square, Upper Mayor Street, Dublin 1 Investment 3 Bed Apartment Sold Meath 182, ,000 5% 16, % 8.8% July - Lot Keizer Court, Waterford City, Co. Waterford Invesment 3 Bed Apartment Sold Waterford 35,000 53,000 51% 2, % 5.0% July - Lot Upper Prospect Hill, Co. Galway Vacant 4 Bed House Sold Roscommon 50, , % July - Lot 58 Currasalagh, Lisacul, Castlerea, Co. Roscommon Vacant 4 Bed House Available July - Lot Main Street, Longford. Co. Longford Investment Building Sold Dublin 220, ,500 47% 45, % 14.0% July - Lot 60 3 The Green, Clover Meadows, Ferrybank, Co. Waterford Vacant 4 Bed House Sold Waterford 79, ,000 48% July - Lot 61 Eagle Lodge, Camolin, Co. Wexford Investment 4 Bed House Sold Wexford 250, ,000 40% 9, % 2.7% July - Lot Haddington Road, Ballsbridge, Dublin 4 Vacant 3 Bed House Sold Dublin 395, ,000 61% July - Lot Quayside, McSwiney Quay, Bandon, Co. Cork Investment Building Sold Kildare 280, ,000-14% 37, % 15.7% July - Lot 64 Old Road, Buncrana, Lower Ballymacarry, Co. Donegal Vacant 3 Bed House Sold Donegal 52,000 50,000-4% July - Lot 65 Avondale House, Clancy Terrace, Charleville, Co. Cork Vacant Building Sold Limerick 100,000 90,000-10% July - Lot 66 Killiney Hill Road, Killiney, Co. Dublin Vacant 2 x Houses Sold Mayo 200, ,000 63% July - Lot 67 Units 21, 22, 24, 26 & 27 Tramway Court, Tallaght, Dublin 24 5 Vacant Apartments Sold Dublin 250, ,000 0% July - Lot 68 Unit 8 Airport East, Business Park, Ballygarvan, Co. Cork Investment/Vacant Building Sold Cork 100, ,000 55% 19, % 12.6% July - Lot 69 Connolly's Pub, St Brendan's Road, Portumna, Co. Galway Vacant Building Sold Galway 50, , % July - Lot 70 Bank Place, Cashel, Co. Tipperary Vacant Building Sold Tipperary 52,000 49,000-6% July - Lot Ashbrook, The Moyne, Enniscorthy, Co. Wexford Vacant 3 Bed House Sold Wexford 42,500 77,000 81% July - Lot 72 4 Redwood Park, Murrintown, Co. Wexford Vacant 4 Bed House Sold Wexford 95, ,000 5% July - Lot 73 6 Holly Drive, Lacken Wood, Co. Wexford Vacant 3 Bed House Sold Cork 90, ,000 14% July - Lot 74 2 Doolargy, Ravensdale, Dundalk, Co. Louth Vacant Site/Building Sold Dundalk 50,000 85,000 70% July - Lot 75 Cloonconnor, Clairemorris, Co. Mayo Vacant 3 Bed House Sold Mayo 70,000 91,000 30% July - Lot 76 Bough, Scotstown, Co. Mayo Vacant 4 Buildings Sold Carlow 30,000 66, % July - Lot 77 Unit 25, Boirthin Na Mhuillinn, Dungarvan, Co. Waterford Investment Building Available 12,000 July - Lot 78 8 Selskar Street, Co. Wexford Investment Building Sold Wexford 220, ,000 0% 20, % 9.3% July - Lot Iona Road, Glasnevin, Dublin 9 Vacant 3 Bed House Sold Dublin 360, ,000 97% July - Lot Parnell Place, Cork City, Co. Cork Investment Building Sold Cork 350, ,000 16% 49, % 12.2% July - Lot 81 Site Land, Drumbiggle Rd, Ennis, Co. Clare Vacant Site Available July - Lot Castleforbes Square, Upper Mayor Street, Dublin 1 Investment 3 Bed Apartment Sold ENGLAND 182, ,500 44% 18, % 7.1% July - Lot 83 W/D prior W/D prior July - Lot 84 Gurth Na Carriage, Barley Cove, Goleen, Co. Cork Vacant 4 Bed House Sold Wicklow 100, ,000 35% July - Lot 85 Whitelands, Ballycorus Road, Kilternan, Co. Dublin Vacant 4 Bed Bungalow Sold Dublin 455, ,500 25% July - Lot 86 Unit 3 Montpellier Court, Kiltalown, Tallaght, Dublin 24 Investment Retail Unit Sold Dublin 70, , % 18, % 12.8% July - Lot Headfort Grove, Kells, Co. Meath Vacant 3 Bed House Sold Ratoath 25,000 47,000 88% Total / Average 12,101,500 16,299,500 35% 13.1% 10.0%

9 Friday 23 rd September 2011 Lot Number Property Address Description Status Purchaser Origin Maximum Reserve Sale Price Percentage Over Current Rent Yield Offered Yield Achieved July - Lot Headfort Grove, Kells, Co. Meath Vacant 3 Bed House Sold Ratoath 25,000 47,000 88% Sept - Lot Custom House Harbour, IFSC, DUBLIN 1 Investment 1 Bed Apartment Sold Dublin 90, ,000 78% 11, % 7.3% Sept - Lot Shelbourne Park Apartments, South Lotts Road, DUBLIN 4 Vacant 2 Bed Apartment Sold ENGLAND 130, ,000 0% Sept - Lot Meadow Court, Stillorgan Park, BLACKROCK, County Dublin Vacant 1 Bed Apartment Available Sept - Lot 04 3 St Lawrence Harbour Road, HOWTH, County Dublin Vacant 2 Bed Apartment Sold Meath 150, ,000 22% Sept - Lot Glor Na Mara, Dock Street, GALWAY 2 x Vacant 2 Bed Apartments Sold Galway 90, ,000 60% Sept - Lot Achill House, Custom House Square, DUBLIN 1 Investment 2 Bed Apartment Sold Kildare 150, ,500 12% 14, % 8.6% Sept - Lot 07 Apt 1 95/97 Francis Street, DUBLIN 8 Investment 1 Bed Apartment Sold Dublin 74,000 92,000 24% 9, % 10.4% Sept - Lot Kilbride Way, CLARA, County Offaly Vacant 3 Bed House Sold AUSTRALIA 30,000 72, % Sept - Lot 09 9 Old Coast Guard Station, Connemara, RENVYLE, County Galway Vacant 2 Bed House Sold SCOTLAND 90, ,000 22% Sept - Lot 10 6 Meadow Court, Stillorgan Park, BLACKROCK, County Dublin Vacant 2 Bed Apartment Sold After Waterford 240, ,000 0% Sept - Lot Ti na Ri, LOUGHREA, County Galway Investment 4 Bed House Sold Galway 98, ,000 30% 5, % 4.3% Sept - Lot 12 Lackaghmore, Tourloughmore, LACKAGH, County Galway Vacant 4 Bed House Sold Longford 122, ,000 34% Sept - Lot 13 W/D Prior W/D Prior Sept - Lot Grove Park, BALLYJAMESDUFF, County Cavan Vacant 4 Bed House Sold Dublin 50,000 79,000 58% Sept - Lot 15 W/D Prior W/D Prior Sept - Lot 16 Apt 2 95/97 Francis Street, DUBLIN 8 Investment 2 Bed Apartment Sold ENGLAND 92, ,000 26% 12, % 10.3% Sept - Lot 17 2 John Street, GOREY, County Wexford Retail with 2 Bed apt overhead Sold Wexford 50, , % Sept - Lot 18 2 Waverly Terrace, Kenilworth Square, Rathgar, DUBLIN 6 6 x Investment 1 Bed flats Sold Kildare 240, ,000 33% 35, % 11.2% Sept - Lot 19 3 Waverly Terrace, Kenilworth Square, Rathgar, DUBLIN 6 8 x Investment 1 Bed flats Sold Kildare 380, ,000 21% 53, % 11.7% Sept - Lot Pointe Boise, Salthill, GALWAY Investment 2 Bed Apartment Sold Galway 90, ,000 76% 9, % 5.7% Sept - Lot 21 Unit 4a Avonbeg Industrial Estate, Long Mile Road, DUBLIN 12 Industrial Sold Dublin 135, ,000 41% 24, % 12.6% Sept - Lot 22 Apt 7 Block C, Smithfield Market, DUBLIN 7 Investment 1 Bed Apartment Sold Meath 107, ,000 0% Sept - Lot 23 8 Finglas Road, Glasnevin, DUBLIN 9 Retail with office overhead Available Sept - Lot 24 Tuskar House, Apartments 7-18, John's Gate Street, WEXFORD Block of 12 x 2 Bed Apartments Sold Kildare 290, ,000 62% 65, % 13.9% Sept - Lot Grallow Wood, ABBEYLEIX, County Laois Investment 3 Bed House Available 7, Sept - Lot 26 Unit 802 River Point, Bishop's Quay, LIMERICK Investment 2 Bed Apartment Sold Clare 75,000 88,000 17% 9, % 10.2% Sept - Lot 27 Apt 3 95/97 Francis Street, DUBLIN 8 Investment 2 Bed Apartment Sold Donegal 92, ,000 30% 12, % 10.0% Sept - Lot 28 Killinaker House, Killinaker, ROOSKEY, County Leitrim 7 Bed House on 3.7 acres Sold Longford 50, , % Sept - Lot 29 64/65 Prussia Street, Stoneybatter, DUBLIN 7 14 apartments & 4 units Sold Roscommon 850,000 1,150,000 35% 86, % 7.5% Sept - Lot 30 Apt 6, The Court, Bolton Street, DUBLIN 1 Vacant 2 Bed Apartment Sold Dublin 80, ,000 51% Sept - Lot 31 W/D Prior W/D Prior Sept - Lot Riverdale, ORANMORE, County Galway Vacant 2 Bed House Sold Galway 55,000 80,000 45% Sept - Lot 33 8 Sea Spray, Main Street, BUNDORAN, County Donegal Vacant 2 Bed Apartment Sold Galway 20,000 42, % Sept - Lot 34 8 Meadow Court, Stillorgan Park, BLACKROCK, County Dublin Investment 2 Bed Apartment Available 13, Sept - Lot 35 Apt 1, Duff House, 13/15 Summerhill Parade, DUBLIN 1 Investment 2 Bed Apartment Sold Kerry 60,000 68,000 13% Sept - Lot Rathgar Road, Rathmines, DUBLIN 6 10 x Investment 1 Bed Flats Sold LUXEMBOURG 330, ,000 47% 48, % 10.0% Sept - Lot 37 9 Garbally Drive, BALLINASLOE, County Galway 3 Bed House & 2 Bed Annexe Sold Roscommon 45,000 88,000 96% 10, % 11.6% Sept - Lot 38 Apt 22, Shelbourne Park Mews, 25 Ringsend Road, DUBLIN 4 Investment 2 Bed Apartment Sold Dublin 95, ,000 44% 10, % 7.9% Sept - Lot 39 Unit 1008 River Point, Bishop's Quay, LIMERICK Investment 1 Bed Apartment Sold After Kildare 50,000 50,000 0% 7, % 14.4% Sept - Lot 40 Ballydeloughey, (aka Ballylough), MITCHELSTOWN, County Cork Vacant 5 Bed House Available Sept - Lot Castlewood, Clonsilla, DUBLIN 15 Investment 3 Bed House Sold Mayo 95, ,000 59% 11, % 7.5% Sept - Lot 42 Knocklahaun, Kilanerin, GOREY, County Wexford Derelict House on 0.59 acre Sold Wicklow 30,000 30,000 0% Sept - Lot 43 9 Grallow Wood, ABBEYLEIX, County Laois Investment 4 Bed House Sold Laois 100, ,000 0% 7, % 7.8% Sept - Lot Richmond Court, Mount Kenneth Place, LIMERICK Vacant 2 Bed Apartment Sold Galway 37,500 37,000-1% Sept - Lot 45 5 Creggaun, Roo, CRAUGHWELL, County Galway Vacant 4 Bed House Available Sept - Lot 46 4 Bruach an Chaladh, Dominic Street, PORTUMNA, County Galway Investment 3 Bed House Sold Galway 42,000 58,000 38% 5, % 8.8% Sept - Lot 47 9 Glendara, DROMOD, County Leitrim Investment 4 Bed House Available 4, Sept - Lot Winter Garden, Pearse Street, DUBLIN 2 Investment 1 Bed Apartment Sold Dublin 85, ,500 50% 9, % 7.5% Sept - Lot Willow Avenue, ATHLONE, County Westmeath Vacant 4 Bed House Available Sept - Lot 50 Apt 4, 95/97 Francis Street, DUBLIN 8 Investment 2 Bed Apartment Sold Dublin 92, ,000 39% 12, % 9.4% Sept - Lot Queens Court, Queens Park, MONKSTOWN, County Dublin Investment 2 Bed Apartment Sold Wexford 90, ,500 53% 10, % 7.9% Sept - Lot McCurtain Street, GOREY, County Wexford Investment 3 Bed House Sold Wicklow 65,000 55,000-15% Sept - Lot 53 6 Grallow Wood, ABBEYLEIX, County Laois Investment 3 bed House Sold Tipperary 85,000 81,000-5% 7, % 9.6% Sept - Lot 54 6 Gardiner Place, DUBLIN 1 4 storey Georgian townhouse Sold Dublin 225, ,000 22% 17, % 6.4% Sept - Lot North Circular Road, DUBLIN 7 13 x Investment 1 Bed Flats Available 22, Sept - Lot 56 Apt 5, 95/97 Francis Street, DUBLIN 8 Investment 2 Bed Apartment Sold Meath 92, ,000 47% 12, % 8.9% Sept - Lot & 163 Cratloe Student Village, Cratloe Wood, LIMERICK 3 x 3 Bed Vacant Apartments Sold Dublin 75, ,000 49% Sept - Lot 58 Former Chapman's Garage, Dublin Road, KILDARE, County Kildare Retail on large site Sold Kildare 365, ,000 53% 10, % 1.8% Sept - Lot Verdemont, Blanchardstown, DUBLIN 15 Investment 2 Bed Duplex Sold Leitrim 80,000 98,000 23% 9, % 9.8% Sept - Lot Woodlands Manor, GOREY, County Wexford Investment 3 Bed House Sold Wexford 70,000 70,000 0% 8, % 11.9% Sept - Lot 61 W/D Prior W/D Prior Sept - Lot 62 Apt 6, 95/97 Francis Street, DUBLIN 8 Investment 2 Bed Apartment Sold Cork 92, ,000 34% 12, % 9.8% Sept - Lot 63 Ballykeeran, Bullaun, LOUGHREA, County Galway 5 acres Sold Dublin 33,000 63,000 91% Sept - Lot Meadow Court, Stillorgan Park, BLACKROCK, County Dublin Investment 3 Bed House Sold Dublin 275, ,000 0% 22, % 8.2% Sept - Lot St Alphonsus Road, Drumcondra, DUBLIN 9 Vacant 6 Bed House Available Sept - Lot Manor Street, DUBLIN 7 4 x Investment 1 Bed Flats Sold Dublin 125, ,500 26% 6, % 4.0% Sept - Lot 67 W/D Prior W/D Prior Sept - Lot 68 Rosslea, Adelaide Road, BRAY, County Wicklow 5 x Investment 1 Bed Flats Available 36, Sept - Lot Meadow Court, Stillorgan Park, BLACKROCK, County Dublin Investment 4 Bed House Sold Dublin 325, ,000 32% 22, % 5.3% Sept - Lot 70 W/D Prior W/D Prior Sept - Lot 71 Apt 7, 95/97 Francis Street, DUBLIN 8 Investment 2 Bed Apartment Sold Sligo 92, ,000 35% 12, % 9.7% Sept - Lot 72 5 Reillys Avenue, DUBLIN 8 Investment 2 Bed House Sold Dublin 80, ,000 38% 10, % 9.3% Sept - Lot The Village, Porterstown Road, Clonsilla, DUBLIN 15 Investment 4 Bed House Sold Dublin 130, ,000-2% 11, % 8.9% Sept - Lot Greenbriar, Verdemont, Blanchardstown, DUBLIN 15 Investment 2 Bed Apartment Sold Dublin 55, ,000 89% 9, % 9.2% Total / Average 7,361,500 9,861,500 34% 12.0% 8.9%