€1.3m paid for Wexford site
Farmers paid out €1.3m for a 112ac grazing residential farm in Co Wexford last week.
The sale price for Brick House at Ballyduff, Killeena equated to €11,600/ac. It was sold in lots, with the auction being handled by Warren Estates.
Located eight miles south of Gorey, the property includes a two-storey traditional farmhouse built from Courtown brick.
The house is in need of total refurbishment according to Denis Howell of Warren Estates, while the substantial farmyard incorporates a haybarn and lean-to.
The yard also includes a range of older stone sheds, along with an open silage pit and two round-roofed fodder sheds.
At auction the farm was offered in lots. Lot one was made up of the house and yards on 47.5ac. It opened at €300,000 and with three local bidders in the chase the price went up in tranches of €20,000 to €500,000. It then went in €10,000s up to €650,000.
At this point Mr Howell withdrew the property and returned at a later point in the auction and put it on the market at €650,000. After a number of later bids it sold for €690,000 to a local farmer.
The second lot comprising 19.4ac opened at €170,000 and again three local bidders battled it out. Bidding continued to €230,000, at which point the property was withdrawn. It was reintroduced later and was put on the market at the €230,000 price. It eventually sold to a local farmer for €245,000.