Farm Ireland

Monday 28 May 2018

€8,500/ac secured for a 53ac holding in Ballivor

Jim O'Brien

Jim O'Brien

Two farms in Meath, one of 24ac and another of around 53ac, with 2.5ac of bog, sold at auction in Trim recently, making €7,500 and €8,500/ac.

First to go before auction was a non-residential 24ac farm at Isaacstown, Rathmolyon. Being sold under instruction by an executor, the holding is one mile from Rathmolyon and five miles from Trim.

It is described by selling agent Thomas Potterton as a lovely farm laid out in seven fields and comes with a natural water supply.

Three customers showed interest in the property when bidding opened at €130,000 and, in increments of €5,000, it went to €162,000 and continued in bids of €1,000 until it went on the market at €163,000.

Two bidders remained in contention until the place was knocked down at €173,000 to a professional man with farming interests from nearby Summerhill.

The sale of a 53ac farm with an added 2.5ac piece of bog was next on the market. The farm, located at Crossanstown, Ballivor was advertised as a 60ac holding but it was pointed out at the auction that the actual acreage included 53ac of land in one piece and 2.5ac of bog located some miles away.

This non-residential holding is laid out in six divisions, a paddock and five fields in permanent pasture rolling down to the Stoneyford River which borders it on one side. It ihas extensive road frontage on the other side.

The sale opened at €340,000 and three customers took to the fray with gusto. In increments of €10,000 and €5,000 the price rose steadily to €430,000. At that point Mr Potterton consulted with the vendor and put the property on the market.

Also Read

A local landowner and a man representing his daughter stayed in the bidding until the farm was bought by the farmer for €445,000. The successful buyer has a holding across the road from the property.

Mr Potterton said that €8,500/ac was a good price.

Irish Independent