Farm Ireland

Monday 27 March 2017

Unbelievable money for 'wee farm' in Louth

Jim O'Brien

Jim O'Brien

A 15ac farm at Drumbilla, Dundalk, Co. Louth sold in recent weeks for €330,000 or €22,000/ac.

Located approx 6 km from Dundalk the land is laid out in four divisions, all currently in permanent pasture and includes a range of farm buildings and a derelict dwelling.

Handling the sale, auctioneer Raymond Fee remarked that there was huge interest in the propoerty and while there had been an intention to bring it ot auction the private treaty negotiations moved so far and afst that there was no need to go the aucton route.

"The price achieved was excellent," he said, "there is a very good demand for land generally at present and interest was very good in this particular land holding." He also remarked that there are a number of disappointed under bidders still looking for land in the area.

Meath auction

Further south at Boherard, Killallon, Co Meath a 16ac parcel with a pre-auction guide of €115,000 sold under the hammer for €130,000 or just over €8,000/ac.

Chris Smith of Quillsen handled the sale of the parcel. He described it as a fine 16ac block of grassland set out in a single field with a tree-lined bounds and significant road frontage.

Located 3km from Clonmellon and 8km from Delvin the field is described by Mr Smith as a spotlessly clean, well-fenced bit of ground being zero grazed at the moment by a tenant.

At auction four active bidders showed cause after an opening bid of €100,000. The price on often rose quickly until a concluding bid of €130,000 from a local dairy farmer won the day.

Indo Farming