Strong prices for quality farms in the midlands
Published 01/07/2015 | 02:30
These are hectic days in the auction rooms with some good sales and decent prices being paid for land.
A 52ac farm at Cloghernal, Granard, Longford laid out in one block with extensive road frontage on to two roads and including a derelict two storey farmhouse sold under the hammer for €446,000. The farm made more than €8,500/ac and exceeded its guide by a modest €6,000.
Located 3km from Granard, 25km from Cavan and 24km from Longford the lands are in old pasture and laid out in a number of fields all with mature hedgerows.
The farm was most recently used for harvesting silage and hay and was previously a grazing farm for sheep and cattle.
The derelict farmhouse is reached by a long graveled driveway and comes with an old orchard to the rear with outbuildings that include a traditional stone barn and a three-column hayshed along with some useful slatted accommodation.
At auction the property attracted two bidders. After opening at €350,000 the price went up in tranches of €10,000 until it was put on the market at €445,000 by auctioneer Raymond Potterton. Another bid of €1,000 clinched the deal for a local farmer.
The same auctioneer sold a 73ac, non-residential farm at Glenidan, Collinstown, Co Westmeath last week for €540,000 or almost €7,400/ac.
Located not far from Collinstown and Delvin the farm has over 1km of road frontage to two roads.