Auction at Carlow will be indicator of market
Published 01/02/2011 | 05:00
The first auction of this year should give the first firm indication of the state of land prices after the winter recess.
When 85ac of tillage lands at Jerusalem, Carlow is brought to auction by Charlie McDermott of Sherry Fitzgerald McDermott, Carlow the entire agricultural property sector will be watching with interest. The auction takes place on February 11.
In fact, this piece of ground will offer a good comparison with last year as it is part of a larger farm of which a portion, 76ac, was sold in late October last year for a price in the region of €10,000/ac.
Located between three and five kilometres from Carlow town, on the main Athy road, the property was always farmed by the present owners.
The 85ac is in one big division and watered by a stream that runs across the back of the property.
It includes a large 3,000ft2 haybarn and boasts more than 0.5 miles of road frontage.
Charlie McDermott is guiding the farm at €12,000/ac and says the place is attracting huge interest.