'Smashing land' in Westmeath sells for €340k
Published 03/06/2015 | 02:30
A 34ac residential farm at Brownstown near Delvin, Co Westmeath sold as an entire at auction for €340,000 or €10,000/ac. The ground is described by auctioneer Jimmy Murtagh as "smashing land", while the bungalow residence is described as needing "quite a lot of TLC." There are no outbuildings of note.
At auction Jimmy Murtagh opened proceedings on the entire when he accepted a bid of €150,000. With three bidders in the running, the price on offer moved swiftly to €311,000 when it went on the market. It sold at €340,000 to a local customer.
The same auctioneer handled the sale of a 62ac residential farm at Archerstown, Delvin. Located two miles from Delvin off the Castlepollard road the farm sold in two lots and made a total of €467,000 or over €7,500/ac.
It is described as a super fattening farm that is laid out in five divisions. Well cared for and in good heart, it is ideally suited to beef production and would be an equally good tillage holding.
A two-storey farmhouse on the property is structurally sound but needs upgrading. In terms of outbuildings the yard includes a three-bay haybarn, some stone built sheds and some cattle handling facilities.
A 55ac portion was sold at auction to a buyer from Co Tyrone for €430,000, while a seven-acre parcel sold to a local for €7,000/ac.
In another recent auction Mr Murtagh sold a 42ac farm at Dysart, Mullingar, Co Westmeath for €310,000 or just over €7,300/ac.