Auction prices break €15k/ac mark
Published 07/10/2015 | 02:30
The auction rooms are buzzing at the moment and while prices have held steady since the beginning of the year, there is every indication the average per-acre price for land is on the up.
Prices have certainly broken the €10,000/ac mark and are now frequently breaking the €15,000/ac mark.
Trim auctioneer Thomas Potterton was delighted with the outcome of the sale of a residential 43ac farm at Scurlogstown, Trim last week. The one-time Land Commission farm made €700,000 under the hammer, working out at €16,300/ac.
The holding, located on the Dublin Road, is 2.5km from Trim and 5km from Kilmessan.
A three acre parcel is located across the road from the main farm and aside from that, the property is in one block with about 125m of road frontage.
The house is a traditional two-storey farmhouse in need of modernisation with accommodation that includes a sitting room, kitchen, bathroom and three bedrooms.
The farmyard to the rear of the house has a number of traditional sheds including cow byres, storage sheds and poultry sheds along with a three-bay haybarn with a lean-to and cattle handling facilities.
Originally a 26ac Land Commission farm from the 1930s, the property was extended by 17ac over the years.