Mayo farm goes for €305k
Published 29/04/2015 | 02:30
A 54ac residential holding at Carralavin, Bonniconlon, Co Mayo sold under the hammer last week for €305,000 or €5,600/ac, well below its pre-auction guide of €425,000
Located near Bonniconlon, a few minutes drive from Ballina, the property is the subject of an executor sale.
It includes a cottage, turf sheds, a hayshed and comes with extensive road frontage and some river frontage.
The land is mainly comprised of good grazing ground that is well fenced and in good heart. The major part of the farm, extending to 44ac, has extensive road frontage at both sides of a local road.
A 21ac parcel to the southwest of this road is entirely made up of good grazing ground.
The lands at the other side extend to 23ac and are described by Karl Fox of selling agents Fox and Gallagher as 85pc good with the remainder merging into bogland at the northern end.
The dwelling is a traditional cottage in need renovation and modernisation and set in a traditional farmyard surrounded by a range of dated outbuildings.
The property was initially offered in lots and these were bid up to €260,000.
Bidding for the entire opened at €265,000 and it was soon clear that this is where the interest lay and four bidders set to their task in increments of €5,000 until the price reached €305,000.
At this point auctioneer Karl Fox consulted with the vendors and it was agreed to put the property on the market.
No further bids were forthcoming and the property was knocked down to a local dairy farmer.