Auctioneer 'delighted' with Leinster sales
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.
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.