€15k/ac boom-time parcel up for €8k/ac
Published 22/02/2012 | 06:00
A parcel of 22ac located at Ullard, Portarlington, on the Kildare and Laois border, is a veritable barometer of the fortunes in land prices from the boom years to the present.
The property was sold in 2005 for €295,000 (€13,500/ac) and again in August 2007 when it made €342,500 (€15,600/ac).
It is on the market for a third time and will be auctioned by Laois auctioneer Matt Dunne next Tuesday with a guide price of €8,000/ac.
Located 2.5 miles from Monasterevin and Portarlington, the farm is just 10 miles from the Curragh.
The land is described by Mr Dunne as top-quality arable land that was only recently put in grass.
It is well fenced with a constant water supply.
According to Mr Dunne, any potential buyer with an interest in the equestrian world will see the potential in this property and recognise its value.