Superb value Cavan lands reflect taming of the Tiger
The upcoming auction of lands in the environs of the Cavan town of Bailieborough should provide some remarkable contrasts. A piece of ground in the town that fetched €630,000 during the boom is being guided at between €50,000 and €60,000.
Four properties will be up for sale on Wednesday, October 17, in an auction to be conducted by Bailieborough auctioneer Peter Murtagh.
In an honest assessment of the sale, Mr Murtagh said that a "significant retreat on pricing" would be the order of the day.
A division of about 14.3ac at Rakeevan within 4km of Bailieborough is expected "to reach the far side of €100,000" when it is offered in two lots of 9ac and 5.2ac. The 9ac comes with planning permission.
This piece sold for €495,000 some six years ago.
In the same townland, and within 1km of town, Mr Murtagh expects a parcel of 14.5ac to "push €5,000 per acre".
Of this, 0.62ac is zoned 'residential'.
A portion of 10.7ac at Curkish and Rakeevan and within 0.5km of Bailieborough town centre will be offered in two divisions.