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A three-bedroom bungalow on the market for just €10,000 is believed to the cheapest house in Ireland.

The house, located a short distance from the Trump International Golf Links at Doonbeg in Co Clare, costs no more than a six-year old Ford Mondeo.

The detached property at Brisla East in Cooraclare will go under the hammer with Allsop Auctioneers later this month with a reserve of just €10,000.

The 1,087 sq ft home is four km north-west of Cooraclare village, appears to be in good condition and even boasts a sizeable garden.

It’s also near a number of Clare’s most popular tourist attractions - situated just 12km from the Trump International Golf Links and 30km from the Cliffs of Moher.

According to the latest quarterly report from daft.ie, the average asking price for a house in Clare now stands at €149,999 so locals are bemused as to why this house has such a low reserve.

Local resident Elaine Tubridy said: “Of course I’m shocked at the price – €10,000 is nothing to pay for a house.

“No matter what state the house might be in, it’s an incredible bargain.

“West Clare is a beautiful part of the county – this house is a stone’s throw from the Wild Atlantic Way and I’d shocked if it is not snapped up immediately.

“It is so close to all the beautiful parts of Clare, like the Burren and the Cliffs of Moher, it is an incredible bargain.”

There are currently six other properties for sale in the Cooraclare area with prices ranging from €60,000 for a nearby one-bedroom property and €280,000 for a five-bedroom house.

A spokesman for Allsop’s could not confirm if the Brisla East bungalow is the cheapest ever offered for sale at one of its auctions but said it is part of an exciting range of Clare properties going under the hammer later this month.

An eight-acre plot in Clarecastle with planning permission for 92 houses and 25 commercial units is also up for grabs with a reserve of between €65,000 and €85,000.

The auction will include the sale of Halpin’s Hotel in West Clare, as well as a number of holiday homes in nearby Kilkee and Spanish Point while the 12-bedroom Kilkee Hotel is for sale with a reserve of between €190,000 and €210,000.

Allsop’s divisional director Jonathan Fenn said: “We are pleased offer a strong selection of properties in Clare at the Allsop April auction.

“Many of the properties are located in desirable holiday destinations such as Kilkee, Killaloe and Spanish Point and could offer great holiday home potential.”

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