91ac of top Galway land sells for €790k
A 91ac residential farm located in and near the village of Laurencetown, Co Galway was sold under the hammer in three lots last week for €790,000, or almost €8,700/ac.
The main lot comprised 60ac at Redmount Hill on the Eyrecourt road, two miles from Laurencetown village.
The lands are described by auctioneer John Dolan of Ballinasloe as top quality agricultural ground in permanent pasture and well fenced into several paddocks.
This part of the property includes a three-bay hay shed with cattle pen and crush.
Bidding on the 60ac opened at €300,000 and increased in increments of €10,000 until it reached €480,000, where the property was placed on the market and sold at this price.
The second lot offered a house on approximately 27ac adjacent to Laurencetown church. The house is a well-maintained, detached four-bedroom bungalow and, while the lands are not quite as good as the Redmount part of the farm, they have plenty of road frontage.
Bidding on this lot opened at €180,000 and increased in increments of €5,000 until it reached a final price of €240,000, when it was placed on the market and sold for €250,000.