Farm Ireland

Monday 11 December 2017

Wexford land that sold for a massive €25,000 an acre

Jim O'Brien

Jim O'Brien

Property continues to command a wide array of prices in the southeast with recent sales producing results ranging from €6,000 to €25,000/ac.

A period house on 10ac with a substantial range of traditional and modern sheds at Ballydaniel near Camolin sold at auction last week making €690,000 or more than €250,000 over its guide price.

The house and yards were originally attached to an 82ac tillage farm that sold for €1.36m last summer.

The period residence dates back to 1840 with an extension added in 1960. Reached by a short avenue the house is surrounded by a range of well kept old outbuildings and gardens.

The accommodation includes three reception rooms, a kitchen, five bedrooms and a family bathroom.

The outbuildings are made up of traditional stone-cut outhouses, some of which have been converted for office use by the current owner. Across the road from the house is a walled area that includes a glasshouse, raised beds and a wildlife sanctuary.

There is also a range of stables, sheds, cattle accommodation and cattle handling facilities. A more modern farmyard with an excellent array of outbuildings has a separate entrance.

At auction selling agent David Quinn opened proceedings when he accepted a bid of €300,000.

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Initially there were five interested parties but as bidding went on the price hit €500,000 leaving two local solicitors to fight it out.

The property was eventually put on the market at €580,000 but the lawmen were there for the long haul and slugged it out until the hammer fell at €690,000.

"This was an amazing price to get," David Quinn said. "It goes to show that land and houses in the Gorey area are in great demand."

Oulart auction

Meanwhile at Kilcormac, Oulart Mr Quinn sold 32ac of land in its entirety for €408,000 or near €12,600/ac. The property opened in lots but the interest was in the entire, which was bought by a local dairy farmer.

A public road divides the farm into a 20ac and a 12ac division. The ground is described by the auctioneer as top class, free draining Wexford land.

On the day the 12ac portion was bid to €150,000 and the 20ac portion to €210,000. When the entire was introduced it opened at €365,000 and two bidders drove it to €405,000 when the hammer fell and a local dairy farmer won the day.

The same auction saw a 91ac non-residential farm sell in lots. The place, also owned by the vendor of the 32ac at Oulart, is located at Killena near Gorey.

Described as heavier ground than that found on the farm at Oulart the place wasn't expected to command as high a price and this proved to be the case on the day.

A 47ac parcel with a farmyard and no road frontage attracted two bidders and sold at €300,000 while a 44ac parcel also attracted two bidders, was put on the market at €220,000 and sold for €255,000 to a local farmer. The total for the two lots came to €555,000 or €6,098/ac.

In a smaller sale with a bigger price, Mr Quinn auctioned a 5ac parcel of ground at Grange, Rathnure, Co Wexford. It sold under the hammer for €125,000 or €25,000/ac making more than double its guide of €12,000/ac.

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