Wednesday 26 November 2014

Substantial Wexford holding makes €10,700/ac

Jim O'Brien

Published 07/11/2012 | 06:00

All but five acres of a 75ac residential tillage farm located at Oulart, Co Wexford, sold at auction last week for a total of €750,000 or €10,700/ac.

The farm is situated 3km off the main Gorey to Wexford Road (R741) and within a stone's throw of the village of Oulart.

Local auctioneer David Quinn describes the land as excellent free-draining ground. Close to 56ac are currently in tillage and the remainder in permanent pasture.

Bungalow

A three-bedroom bungalow residence on the farm is in good condition, with accommodation that includes a living room, a kitchen and dining area, a utility room, three bedrooms and a bathroom.

Adjacent to the residence is a two-bay shed. The farmyard includes a concrete yard, a derelict farmhouse and a range of sheds.

There is also a lofted shed and a range of loose sheds.

The farm was offered for sale in a variety of lots. Lot 1, comprising 6.5ac of land, was sold to a local farmer for €67,000, while the same farmer bought Lot 3, a 6.8ac parcel, for €71,000. Lot 2, a 7.1ac parcel, was bought by another local person for €77,000.

A 17ac section was bought by an adjoining farmer for €180,000.

The biggest piece of land extended to 32.3ac. This was sold for €355,000 to a local farmer.

Meanwhile, the farmyard on 0.8ac was sold prior to auction for an undisclosed sum.

The house on five acres was withdrawn and the vendor has since decided to withdraw that portion of the property from the market.

Wexford

Staying in Wexford, a 10ac field with cattle-handling facilities and no road frontage near Gorey sold for €130,000 or €13,000/ac recently.

Bidding for the property, which is in the townland of Craanford, opened at €75,000 and with three active bidders in contention the price rose quickly until it was sold under the hammer to a local farmer.

Also last week, a three-bedroom cottage on nine acres at Tomnafinnoge, near Tinahely, Co Wicklow, sold under the hammer for €141,000, while a four-acre field at Tinahely sold at auction for €35,000. Both sales were handled by Mr Quinn.

Carlow

A non-residential 31.5ac farm at Rathoe, near Tullow, Co Carlow, sold at auction last week for €330,000. Mathew Conry of Dawson Auctioneers, Tullow described the land as good arable ground with limited road frontage.

The land was bought by a local farmer.

Down the road at Ballyshancarragh, Kildavin, Co Carlow, not far from Bunclody, a 53.4ac farm had mixed results. Set out in four lots, two sections were sold before and during the auction and Matthew Conry is hoping the final two lots will sell after auction.

Lot 1, a 5.8ac block, sold prior to auction for an undisclosed sum. Lot 2, extending to 25.3ac, sold under the hammer to a local farmer for €320,000 or €12,648/ac.

The final two lots, a 14.2ac portion and an 8ac section, were withdrawn after attracting bids of around €8,000/ac.

Negotiations are ongoing.

Indo Farming

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