Farm Ireland
Independent.ie

Monday 27 March 2017

Tudenham Park shatters guide price to rake in €681k

Jim O'Brien

Jim O'Brien

The 18th Century Tudenham Park House on the shores of Lough Ennell made almost €300,000 over the original guide price
The 18th Century Tudenham Park House on the shores of Lough Ennell made almost €300,000 over the original guide price

Tudenham Park House on 66ac on the shores of Lough Ennell was sold last week for €681,000, almost €300,000 over the original guide price. The sale price equates to €10,300/ac.

Now a shell, Tudenham Park comprises a detached seven-bay three-storey over basement country house on the eastern shores of Lough Ennell.

Located close to the renowned Belvedere House and 8km from Mullingar, the house was built between 1717 and 1742 for George Rochfort, a brother of Robert Rochfort of Belvedere House and designed by the same architect, Richard Castle.

While the estate changed hands a number of times, the Tottenham family, who renamed it Tudenham, owned it from 1836.

Like many properties of its kind the roof was removed in 1957 to avoid the payment of rates and while the building is overgrown and dilapidated, the external walls are intact.

Sheltered by mature trees the lands are under old pasture and laid out in three principal divisions and a number of smaller portions.

The farm, which has been used in recent times for livestock grazing and forage, includes a yard comprised of a range of derelict outbuildings and a two-bay haybarn and lean-to. There are two boathouses sited on the farm.

While the auction delivered a clear-cut result, it was a complicated affair involving three rounds of bidding and up to 22 different bidders.


Chris Smith, of Gunne's Navan office, offered the property for sale in up to six lots. Lot one comprising the yard on 30.84ac came with a guide of €175,000.

Lot two included the residence on 2.14ac and was guided at €7,500. Lot three, a 31.25ac parcel, guided at €187,500, while the fourth lot was a 1.96ac piece guided at €12,500. The entire had a guide price of €382,500, while a sixth lot added on the day combined lots one and two.

In the opening round of bidding lot one, comprising the yard on 30.84ac, attracted four bidders and was bid to €185,000.

BIDDERS

Lot two, the residence on 2.14ac, attracted five bidders and was bid to €62,000. Lot three, extending to 31.25ac, drew two bidders and was bid to €135,000, while the 1.94ac section was bid to €27,000 by three women bidders.

A combination of lots one and two was bid to €310,000.

After a second round of bidding, a total of €492,000 was on board for the various lots and Chris Smith turned his attention to the entire, comprising the house and outhouses on 66ac.

This attracted an opening bid of €500,000 and with two bidders in the chase the property was put on the market at €580,000. Bidding continued until a solicitor acting in trust appeared to have the place bought at €610,000.

But as Mr Smith prepared to drop the hammer after his third call the underbidder, a local businessman, reopened the chase with a further bid.

The auction continued until the price on offer reached €680,000, at this point the solicitor withdrew and the local businessman bought Tudenham for €681,000.

Chris Smith was not surprised at the outcome. "We had huge interest in the property," he said, "not least from Northern Ireland where there appears to be significant interest in older properties. On the day, all the interest was local," he said.

Irish Independent



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