Farm Ireland
Independent.ie

Monday 23 October 2017

Auctioneer 'delighted' with Leinster sales

Jim O'Brien

Jim O'Brien

The average price of Leinster land continues to stay north of €9,000/ac and two auctions conducted last week by Coonan's of Maynooth support that trend.

An 11ac parcel of grazing ground with outbuildings at Summerhill, Co Meath, netted €120,000, while a 38ac farm at Allenwood, Co Kildare, sold after auction for significantly more than €340,000.

The 11ac parcel of ground with outbuildings at Knockstown, two miles from Summerhill is all in grass with good road frontage onto a country road and comes with a range of outbuildings and cattle handling facilities.

There was a lot of local interest in the property prior to auction and when auctioneer Willie Coonan opened proceedings three bidders surfaced -- a local farmer, a solicitor and a Dublin customer. The bidding went up in tranches of €5,000 and €10,000 until the property went on the market at €120,000 following a bid from the local farmer.

There were no further bids and the property was sold to the local man.

FRONTAGE

A parcel of land at Allenwood extending to c.38ac with good road frontage and adjacent to the Grand Canal was next up for auction.

The lands came with a guide price of €8,000/ac.

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The property is located one mile west of Allenwood village and was sold with extensive road frontage. Currently in grass and laid out in four divisions, the land is stocked at present and well fenced with internal fencing and external hedgerows.

When the auction opened, three local bidders took to the fray and when the price on offer reached €340,000 the property was withdrawn.

Following strenuous negotiations the farm sold to the highest bidder, a local farmer.

Mr Coonan was delighted with the result. "Land is the one part of the property market that is shining at the moment," he said. "We are delighted with the level of land sales and the prices being paid."

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