Farm Ireland
Independent.ie

Sunday 23 July 2017

Wexford holding sells for close to €20,000 an acre

Jim O'Brien

Jim O'Brien

A parcel of ground at Kilmurray near Gorey in Co Wexford sold at auction last week making a whopping €19,140/ac.

The 18.8ac parcel of ground at Kilmurray is located 1.6km from Gorey town and is described by Denis Howell of Warren Estates as the best of ground.

All in grass the property is laid out in two fields with decent road frontage, Mr Howell said it would be ideal, with the appropriate planning permission, as a location for a house.

At auction on the day the property opened at €200,000 and attracted two strong bidders, two local farmers one of whom was acting for his brother who lives abroad.

The price climbed steadily in tranches of €20,000 until it hit €220,000. At that point it was held and the auctioneer consulted with the vendors.

On returning to the room the place was put on the market and with more hectic bidding the price went up in tranches of €10,000 until the property was knocked down at €360,000 to the man bidding on behalf of his brother.

Mr Howell was delighted with the auction and the result.

"We had a full room but no one got a chance to raise a hand with the two bidders in question. It was clear from the start that one of them was going to buy it," he said.


MAYNOOTH SALE

Further north near Maynooth Eamon O'Flaherty of Brady Property Partners sold an old Land Commission farm after auction for a price believed to be under its guide of €450,000.

The 33ac holding includes an old style single storey cottage in need of total refurbishment, its presence could assist in obtaining planning permission for a replacement dwelling.

There are some old out offices to the rear of the cottage. Laid out in three principal fields of grass the land is in good heart but has been neglected in recent years and could benefit greatly from some attention and investment.

At auction the property attracted the attention of three bidders when it opened at €300,000 but the price held at €350,000 and the property was withdrawn.

After protracted negotiations the place sold the day after the auction for a price short of the guide.

It was bought in trust by David Powderly of David Powderly Solicitors, Kilcock.

Indo Farming