Ireland’s €7,500 house whipped from auction at eleventh hour

A house that was going to easily take the title of Ireland's cheapest with a reserve price of just €7,500 was whipped from the Allsop Space auction at the last minute yesterday.

The Leitrim house was meant to go under the hammer yesterday with the tiny reserve price, which was a massive 38 times less than the average price of house in Ireland just five years ago.

The cottage, near Carrigallen, was taken from the auction for an unknown reason. "We don't have any information on that but this happens a lot in auctions," said director of auctions Robert Hoban.

If it had made it to the sale room the property would likely have made more than reserve, but ti still would have been a steal. Another cheap property in Portlaoise that had a reserve of €10,000 went for over twice that at €22,000.

The Leitrim cottage has two bedrooms, a reception room, kitchen, dining room and bathroom. So it ticked all the boxes.

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. It's on a little, small bit of land up in Co Leitrim".

That little cottage could have made some little family very happy. On the other hand, it could have been the home from hell.