A 51.25ac residential farm at Clareen, Co Offaly, located between Roscrea and Birr, was withdrawn from auction last week at €360,000 and sold a few days later to a local farmer for a figure closer to the original guide of €400,000.
Located two miles from Clareen village, seven miles from Birr and eight miles from Roscrea, the holding is situated 500m off the public road.
It includes a three-bedroom bungalow built in the 1970s but fully refurbished in 2008.
The lands are also being sold with a traditional farmyard comprised of a three-span hayshed and a lean-to along with a range of storage sheds.
The lands are all in one block, in permanent pasture and well fenced.
The ground is described by Roscrea auctioneer, Seamus Browne, as free draining, quality fattening land suited to dry stock or dairy.
A good crowd showed for the auction and when bidding opened at €250,000 there were three bidders in contention.
The amount on offer climbed in increments of €10,000 and at €330,000 matters slowed somewhat as bidding continued in tranches of €5,000.
The property was withdrawn from auction by Seamus Browne at €360,000.
Negotiations were entered into with the highest bidder and continued over the ensuing days until a deal was struck and the property was bought by a local farmer for a figure believed to be close to the €400,000 guide.