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Saturday 22 July 2017

Vendors have wind in their sails as Meath land goes for €14,000/ac

The sale of 25ac near Navan included this five-storey 19th-century windmill which has been converted into a residence
The sale of 25ac near Navan included this five-storey 19th-century windmill which has been converted into a residence
Jim O'Brien

Jim O'Brien

A parcel of 25ac of land with a converted 19th-century windmill at Balrath near Navan sold in lots at auction recently, making a total of €537,000.

The five-storey windmill was renovated in 2004 to include three bedrooms and living spaces with great views of the countryside.

At auction, Raymond Potterton opened bidding on the windmill on 0.07ac at €100,000 and was bid to €140,000. In a second round of bidding, it was put on the market at that price and a series of smaller bids brought the amount to €165,000 when the hammer fell.

A parcel of 7.2ac described as "a nice piece of ground in permanent pasture" opened at €80,000 and was initially bid to €135,000 and in a second round of bidding went on the market at that price and sold for €170,000.

The final piece, a 16ac parcel, opened at €150,000 and held at €170,000. In the second round it went on the market at €170,000 and sold at €202,000.

The combined sales price for the 7.2ac parcel and the 16ac piece saw the land make almost €14,000/ac.

Kildare auction

In Co Kildare, Paddy Jordan sold a 40ac farm at Kilmead, Athy, after auction last week. It was bid to €320,000 at auction and withdrawn.


Located 8km from Athy and 15km from Kilcullen, it comes with extensive road frontage. It adjoins the development boundary for Kilmead village which may bring 'hope value' to the property.

The property opened at €200,000 and, with two interested parties in action, it soon reached €320,000. With no further offers, it was withdrawn and sold privately after auction to a local farmer.

Dublin land parcels

Philip Byrne of Coonan Auctioneers sold two parcels of ground with a 45ac Dublin parcel making €8,222/ac and a 58ac Meath holding, making almost €8,900/ac.

The Dublin land extending to 45ac is located at Calliaghstown Upper, 4km from Rathcoole, and is laid out in two fields of elevated ground with good road frontage and serviced by a farm road.

At auction, bidding opened at €300,000 and, with three customers in action, it rose quickly to €340,000, was put on the market at €370,000 and sold at that to a local farmer.

At the same auction, a 58.47ac parcel of ground at Woodland, Batterstown, Co Meath, with €6,000 in entitlements, made €520,000. Located 8km from Summerhill and 6km from Clonmullen, the farm is adjacent to the Eirgrid facility and has good road frontage.

It is laid out in 10 manageable fields that are in good heart and well fenced with traditional hedgerow.

On the day, the property opened at €300,000 and was bid to €510,000, where it was put on the market. It sold under the hammer at €520,000 to a local farmer.

Westmeath auctions

In nearby Co Westmeath, a residential farm on 17ac at Walshestown, Mullingar, made €280,000. The farm was offered in a number of lots including the house on 1ac, a 16ac piece and the entire.

On the day, the main interest was in the entire and this was bid to €280,000, and put on the market and sold for that figure.

In another Westmeath auction, Murtagh Brothers also oversaw the sale of two parcels of land at Rathowen.

A 12ac piece opened at €80,000, was bid up to €105,000, put on the market at that and eventually sold to a local farmer for €150,000, making a fine price of €12,500/ac.

At the same auction, a 28ac parcel opened at €120,000 and was bid up to €245,000. It was put on the market at that price and was sold at €263,000 to a businessman acting in trust.


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