Farm Ireland

Monday 24 October 2016

Mixed fortunes for farmland in auction rooms


Published 12/10/2016 | 02:30

Land sales around the country had mixed fortunes recently
Land sales around the country had mixed fortunes recently

It has been a busy time in the salerooms of late, but results have been mixed.

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In Carlow, auctioneer Thomas Byrne recently sold a 77.4ac farm under the hammer when a local farmer paid €860,000 or more than €11,000/ac.

Located at Old Derrig, Killeshin on the Laois/Carlow border, the holding is 3km from Carlow town and includes an old derelict farmhouse with outbuildings.

The holding was in the same family for 120 years and for the last number of years was farmed as a grass farm.

At auction it was offered in four lots or in its entirety. On the day the keenest interest was in the entire and it sold to a local farmer for €860,000.


Further north in Co Meath Trim auctioneer Thomas Potterton had a mixed day last week when he sold one property under the hammer and withdrew another.

A 31ac grassland holding at Kiltoome, Trim sold at auction for €250,000. Located 1.3km off the Trim to Navan Road the holding is described as excellent fattening ground with some lovely stands of trees and plenty of shelter.

The place has frontage on to the Old Navan Road and Mr Potterton believes that, subject to planning, it has potential as a residential holding. Indeed the underbidder, a local living in Germany and represented by a solicitor, possibly had intentions in that regard.

On the day bidding opened at €200,000 and initially three bidders showed cause. It climbed slowly in tranches of €5,000, €2,000 and €1,000.

At €240,000 two bidders remained, the solicitor taking instruction from Germany and a local farmer.

Mr Potterton consulted with the vendors at €240,000 and at €245,000. When the price reached €250,000 the place was declared on the market and sold to the local farmer.

The same good fortune did not smile on Mr Potterton when a 46ac holding was brought for sale at the same auction.

The auctioneer was sure the parcel of ground at Newhaggard, Trim would sell given the level of pre-auction enquiries.

Described by Thomas Potterton as a "beautiful piece of ground", the land is in three fields and located 1.6km from Trim town and 45km from Dublin.

Currently in stubble having just been harvested, it has decent road frontage on to the Trim-Kinnegad Road. Mr Potterton says the land is ideal for any type of farming.

On the day it failed to attract the required attention but Mr Potterton reports good interest since the property went on the private auction trail.

Kildare withdrawal

Phillip Byrne of Coonans Maynooth will also have to take the scenic route to sell a 34ac parcel of ground at Crinstown Maynooth. The parcel was withdrawn from auction at €340,000.

Located 2km from Maynooth, 4km from Kilcock, the holding is described by as a prime holding of free draining lands. While it backs on to the M4 it has good road frontage to a secondary road.

Suitable for any agricultural or equestrian use according to Mr Byrne it could have potential as a residential farm.

On the day bidding opened at €300,000 and with two bidders in action the price rose in increments of €10,000 and quickly reached €340,000. It held there before it was withdrawn. According to Phillip active negotiations are ongoing.

Galway auction

No stranger to the scenic route, Tuam auctioneer Martin Tyrell withdrew an 84ac farm from auction recently after it was bid to €310,000.

Located at Feeragh, Belclare Co Galway the farm is part of the original Kelville estate. Consisting of decent grazing ground laid out in a series of nice fields it is approached by a private road and was grazed by cattle and sheep over the years.

At auction proceedings opened when Mr Tyrell accepted a bid of €200,000.

Two bidders took to the task but things held at €310,000 and no further bid was forthcoming.

Mr Tyrell withdrew the property but reports steady progress since with two new bidders in the fray.

Indo Farming


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