Derelict house and outbuildings in Castletown net a 'cool' €8k/ac
53ac 'heavy' holding is mostly in grass and had just been recently reseeded
Published 11/11/2015 | 02:30
Wexford auctioneer David Quinn has had a busy time in the auction room lately disposing of farms great and small.
Among the properties sold by Mr Quinn last week is a 53ac property with a derelict farmhouse and outbuildings at Coolroe, Castletown near Gorey. The property sold after auction for €400,000 or €8,000/ac.
The holding is all in grass with laneway access and backing on to the M11. Described as a bit on the heavy side, it has been reseeded in the relatively recent past and is in good heart and comes with a derelict farmhouse and some derelict outbuildings.
At auction, proceedings opened at €370,000 with four bidders showing interest. The price increased until things came to a halt at €380,000.
The property was withdrawn at that point but sold immediately afterwards for €400,000 to a couple with farming interests living 10 miles away.
In another auction, a 9.6ac parcel at Pallas, Gorey that includes a derelict cottage sold for €140,000. The holding is 3km from the villages of Kilanerin and Hollyfort, 8km from Gorey town and 7km off the N11 at Inch.
The property includes a farmyard and a single storey derelict stone-built cottage that has been unoccupied for some time and is in need of complete renovation. The outbuildings include concrete and corrugated iron sheds as well as a cattle crush and holding pen.
The lands are laid out in five divisions, all of which are currently in grass and of good quality.