'Peach of a farm' with four beds and 48ac for €442k
Residential midlands farm with abundance of work sheds and potential sells under the hammer
Published 26/10/2016 | 15:00
A 48-acre residential farm at Mullagh, Coole in Co Westmeath, sold under the hammer last week for €442,000.
Described by Dillon Murtagh of Murtagh Bros auctioneers as "a peach of a farm", the place is located outside Coole Village, 6km from Castlepollard, 14km from Granard, and 25km from Mullingar.
The residence on the holding is a neat four-bedroom bungalow with accommodation that includes a sitting room, kitchen/dining area and a family bathroom.
The house is surrounded by mature and well-tended gardens, while the yard is described as dated it is "as neat and tidy as you will find". The buildings include a haybarn with a lean-to, a number of small storage sheds, a cattle crush and handling facilities, a machinery shed and a range of sheep sheds.
At auction the property was offered in one lot and bidding opened at €300,000. With two keen customers in action, the price on offer quickly rose to €400,000, at which point the place was put on the market. A further €12,000 was added to the price and at €442,000 the hammer fell and a local landowner won the day.
Two other farm auctions due to be held by Murtagh Bros had to be postponed due to last-minute, insurmountable difficulties. These auctions included a sale that was due to take place last Friday and involved the disposal of a 68ac non-residential farm at Moatfarrell, Edgeworthstown in Co Longford.
Laid out in one block, the farm has extensive road frontage and was well known in the local area as a fattening farm. In good heart, the holding has good fencing and decent cattle-handling facilities.