Hotly-contested auction in Athboy
Published 14/10/2015 | 02:30
A 50ac residential farm near Athboy in Meath sold recently at auction for €425,000.
Located 2km from Athboy and 14km from Trim, the property has road frontage on to two roads.
Overall, the holding comprises a bungalow residence, a farmyard with a range of outbuildings and 50ac of good grazing ground.
The house needs renovation and the yard is partly set out in a traditional courtyard format to the rear of the property.
It includes a range of storage sheds, a garage, a three-column walled haybarn with lean-to and a more modern four-span cubicle shed. There is also a silage pit, cattle handling facilities and a derelict residence with outoffices.
The fertile grazing ground is in about eight fields and divided by good natural hedgerow. The property has been let for a number of years.
At auction, proceedings opened when auctioneer Thomas Potterton accepted a bid of €200,000 for a first lot comprised of the house and yards on 27ac.
Two bidders drove this to €230,000 when it was held.
The second lot, made up of 23ac with the derelict house and outoffices, attracted one bid of €150,000 but the real interest was in the entire which opened at €380,000.
It was hotly contested by two new bidders who took it to €400,000 before it went on the market.
It sold eventually for €425,000 to a man from Pettigo in Donegal acting for another customer.
The underbidder was a local man.