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Independent.ie

Tuesday 17 January 2017

Local landowner pays €13,500/ac for farm in prime Kildare location

Jim O'Brien

Published 10/06/2015 | 02:30

Sale: This bungalow on 59ac near Finea, Co Westmeath sold for €490,000 at auction
Sale: This bungalow on 59ac near Finea, Co Westmeath sold for €490,000 at auction

AUCTION sales are continuing at a steady pace around the country, with a 57 ac parcel of tillage ground near Straffan in Co Kildare fetching €770,000 or just over €13,500 an acre.

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The well-maintained land was laid out all in one field, and in a prime location just 3 km west of Celbridge, 3 km south of Maynooth and 1.5 km from Straffan. The property has frontage to the R406, Maynooth/Barberstown road.

At an auction handled by REA Coonans, Maynooth proceedings got off to a good start when an opening bid of €500,000 was accepted.

With four bidders in the chase the price on offer quickly rose to €750,000 at which point the holding was put on the market. When the hammer came down at €770,000 a local landowner won the day.

Westmeath auction

A Tipperary buyer came out on top when a 59ac residential farm at Castletown Lower, Finea, Co Westmeath sold at auction last week for €490,000. The farm exceeded its guide price by €55,000.

Located 11km from Castlepollard and 2km from Finea the house was described as a 1979 bungalow set on an elevated site.

It comprises four bedrooms, a sitting room, living room, a fitted kitchen, bathroom, utility/shower room and front hall.

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According to Jennifer Walsh of local selling agents Sherry FitzGerald Davitt and Davitt the house, while in need of some minor cosmetic improvements, is in very good condition.

The land extends to 59ac of good clean grazing land that is well fenced and watered. Included on the property is a range of traditional outbuildings. Access to the house and the lands is via a cul-de-sac.

Four bidders took to the fray when proceedings got under way with a bid of €400,000.

Bids of €5,000 saw the price rise to €470,000 where the farm was put on the market. After that the bids reduced in size but momentum was maintained and the farm sold at €490,000.

The successful bidder is believed to have been acting for a buyer from Tipperary and beat off stiff competition from a Cavan bidder and local interests.

Ms Walsh said she was delighted with the result, as it well-exceeded the guide price.

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