Buzz back in Meath land sales
Published 13/05/2015 | 02:30
The auction rooms in the Royal County are buzzing this weather with one farm after another selling under the hammer.
Among the properties to recently change ownership with the tap of a gavel was a 50ac residential farm at Knockbrack, Oldcastle, Co Meath. Under the direction of Navan auctioneer Raymond Potterton the farm was offered in lots but sold as an entire for €490,000 or just under €10,000/ac.
The farm can be reached by footpath from the town centre of Oldcastle and includes a two storey Georgian farmhouse in need of complete renovation and a traditional farmyard with some cut-stone buildings in need of extensive refurbishment. The lands are laid out in seven divisions entirely under old pasture and divided by mature hedging.
At auction a parcel of 6ac was bid from €40,000 to €60,000 by three bidders before it was held. The house on 44ac opened at €250,000 and with four bidders in contention it was bid to €350,000 and held.
Attention turned to the entire which opened at €430,000. With three active bidders involved it went on the market at €450,000 and, despite the attentions of sterling customers, sold to a local farmer for €490,000.
Mr Potterton also handled the sale of a 23ac farm at Doon, Tierworker, Kells on the Cavan/Meath border. It was bought for €195,000 by a local farmer.
Located north of Moynalty and south of Bailieborough, the 23ac is laid out in five fields with road frontage onto two roads. The ground is good with decent topsoil on a gravel base.