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A four-bedroom detached house in Magheracorran, County Donegal, to be auctioned at a reserve price of just $22,000 (€15,000). Photo by: Allsop Space

The cheapest house in Ireland - would you buy right now?

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A four-bedroom detached house in Magheracorran, County Donegal, to be auctioned at a reserve price of just $22,000 (€15,000). Photo by: Allsop Space

A four-bedroom detached house in Magheracorran, County Donegal, went up for auction at the RDS, in Dublin, on May 2, by Allsop Space with a reserve price of just €15,000 ($22,000).

It sold for €33,000 ($43,500). 

The average price of a home in Ireland is currently $244,247.

The bargain house included a front and rear garden and the house itself measured just under 1,800 sq feet. The house, which was delivered vacant, is located between Letterkenny and Ballybofey.

It is 10.2 miles from Letterkenny town center and 21 miles from the center of Donegal town.

Viewings were held on Saturday April 19 and Saturday April 26, between 10:00am - 11:00am.

Two other identical houses are nearby, on the same plot of land. Further information was available on the Allsop Space website in advance of the auction.

The auction for this four bedroom house in Donegal house starts at $22,000.

Among the rest of the the properties up for auction at the time were a 41-acre piece of land at Sockar, Kilmacrennan also in Donegal with a reserve price of €145,000 ($200,000).

These rock-bottom housing prices got us thinking, 'What can you get for €73,000 or $100,000 in Ireland and US?'

Below we took a look at what properties you could purchase for €73,000 or $100,000:

Location: Eyeries Village, Eyeries, Cork West

Type: One-bedroom cottage
Price: €68,000  ($93,948)
Description: Cottage has been restored to an extremely high standard, while retaining many of the original features, which include dry stone walls, pitch pine lintels etc.

Location: Chicago – Horner Park/Irving Park (suburbs)

Type: Two-bedroom apartment
Price: $100,000
Description: Part of a 15-unit condo conversion, includes hardwood floors, granite surfaces, marble bath, stainless steel appliances, exposed brick. Close to train. Currently receiving $1,150 / month in rent.

Location: Leggagh, Moyne, Co. Longford

Type: Detached six-bedroom house with three bathrooms
Price: €75,000 ($103,615)
Description: “Deceptively large” house standing on c. 0.5 acres, on a roadside site. There are lawns to front and rear, a large storage shed and ample off-street parking.

Location: Sheridan, WY (edge of town)

Type: Ranch-style two-bedroom house
Price: $100,000
Description: “Handyman special” on an acre of landscaped land.

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For Newsletter Subscribers – Draw for 1 Prize on December 31st.

Prize: Your Piece of Ireland – a Square of Land in the heart of the Glens of Antrim, Ireland

More details here (or you can buy a little piece of Ireland directly): http://bit.ly/1zew9ox

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