Strong sales in southeast land market
Published 29/04/2015 | 02:30
The land market in the southeast continues to be active and among the recent sales a 50ac farm with a derelict house and farmyard at Ballyart, Co Wexford sold in one lot after auction. It was making €370,000 in the public arena but was withdrawn and sold after for a higher figure.
Located nine miles south of Gorey town, on the Killena/Killmuckridge road, the holding is laid out in five fields with a large paddock around the yard.
While described by Denis Howell of Warren Estates as mainly suitable for grazing, about 23ac has been sprayed and burned off and is ready for reseeding or winter tillage.
Facilities on the farm include a five-bay haybarn with two lean-tos, a concrete yard measuring 100ft by 50ft with a feeding passage, a 30ft cattle crush and a derelict farmhouse.
At auction the farm was offered as an entire and in lots, with one lot comprising c.14ac and another extending to c.36ac and including the house and yard.
On the day the first lot attracted no bid, the second lot was bid to €250,000 and the entire was bid to €370,000.
With no further offers forthcoming the property was withdrawn. Discussions continued with the highest bidder, a local farmer, and the property was sold to him for €390,000.
Staying in Wexford, David Quinn of Quinn Property has seen a steady run of sales including a 23ac parcel of ground at Monalee, between Gorey and Arklow, that made €162,000 or over €7,000/ac.