Residential farm in Wicklow goes for €10,000/ac
Published 06/05/2015 | 02:30
A 73ac residential farm at Tomagaddy, Ballycanew, Gorey, Co Wexford sold in lots last week making a total of €729,000 or almost €10,000/ac.
Located 3km south of Ballycanew, the property is 11km from Gorey and 8km from the coast.
It has plenty of road frontage and the land is described by David Quinn of Quinn Property as free draining ground in the main, with some slightly heavier land along the eastern boundary.
Up to 55ac of the holding is currently in tillage with 18ac in grass. The homestead is set on an elevated site in the middle of the property and needs extensive restoration.
On the day of the sale the first lot, comprising the house on 35.5ac along with some sheds and out offices, opened at €250,000 and was bid to €395,000 before stalling.
The second lot of 32ac, with 14ac in tillage and 18ac in grass, opened at €230,000, but bidding came to a halt at €245,000. A 5ac piece with possible site potential opened at €40,000 and held at €60,000.
At this point David Quinn sought bids in excess of €700,000 on the entire, but none was forthcoming. He returned to the lots and declared each of them on the market.
Brisk bidding on the 35ac with the house took it from €395,000 to €417,000 at which point it sold to an adjoining farmer.