Farm Ireland

Monday 26 June 2017

Brothers pay €360k for 52ac

TWO CAVAN brothers paid €360,000 for 52ac of Meath land, which sold at auction on Tuesday.

The holding at Clongowney, Crossakiel, was sold under the hammer. It opened at €250,000 and rose in increments of €5,000 and €10,000 thereafter, spurred on by brisk bidding from a Co Leitrim competitor.

The land had full planning permission for a 2,800 sq ft house, which did attract a lot of interest prior to its sale. Auctioneer Thomas Potterton of TE Potterton Real Estate Alliance said the vendors were pleased with the result.

“The price works out at almost €7,000/ac, which I think is the price of land now without any farm buildings,” he said. Mr Potterton described the farm as lovely, unspoilt land, all in old pasture with wide hedgerows.