Joint bid keeps Kilkenny farm in local hands
Published 20/05/2015 | 02:30
A 71ac residential farm on the Kilkenny side of the border with Co Laois, near Ballinakill, sold recently under the hammer of auctioneer Joe Coogan for €620,000, or over €8,700/ac.
The farm included a traditional two-storey farmhouse in relatively good condition with accommodation that includes three bedrooms, a bathroom, a kitchen, a sitting room and dining room.
The yard is dated and includes a series of stone outbuildings with an old cowhouse, a cattle crush, a four-column haybarn, a garden, a concrete yard and a car garage.
The house and yard are at the centre of the farm and the land is all around in one block.
With over a mile of road frontage on to three roads, the farm is divided into about 13 fields of permanent pasture.
Much of the land is slightly inclined with natural drainage, while some fields bounding a stream are on the heavy side.
The fences are of natural hedgerow that could do with attention and there are many fine mature trees throughout the farm.
The auction bidding opened at €300,000 and two bidders took to the fray, a local farmer and a solicitor from Rathdowney.
When the bidding reached €400,000, a farmer with a nearby property entered the race and the action continued until the late bidder - believed to be acting in conjunction with another local man - bought the property for €620,000.