Farm Ireland

Tuesday 24 October 2017

Cut-stone home sells at auction

Kilpatrick House is situated on 108ac near Collinstown in Co Westmeath.
Kilpatrick House is situated on 108ac near Collinstown in Co Westmeath.
Jim O'Brien

Jim O'Brien

Kilpatrick House on 108ac near Collinstown in Co Westmeath recently sold at auction under the hammer of Castlepollard auctioneer Aidan Davitt making €935,000 - some €165,000 shy of its guide.

Located near Collinstown village about 13km from Mullingar, the farm includes a cut-stone 19th century residence, a well-equipped farmyard, 100ac of grassland and 8ac of forestry.

Extending to 2,300 sq ft the period house, which needs some refurbishment, has accommodation that includes two living rooms, a kitchen with fitted units along with a utility room and a guest WC.

Upstairs are three bedrooms and a family bathroom. Adjoining the residence is an apartment with accommodation that includes a kitchen/living area with two bedrooms and a shower room. To the rear is a traditional stone courtyard with a series of stone built sheds. The lands are mainly in grass and have 1,300m of road frontage. The farmyard is home to a wide range of buildings combining modern and traditional housing in a yard well equipped for a modern livestock operation.

At auction the property was offered in two lots with the residence and yard on 90ac as one parcel an 18ac parcel consisting of 10ac of grazing land and 8ac of forestry.

The house on 90ac opened at €700,000 and held at €780,000. The 18ac was then offered and it opened at €80,000 and was bid to €107,000.

The entire opened at €887,000 and was bid to €900,000.

At that point Aidan Davitt went back to the lots and his efforts saw €8,000 added to the 18ac and €20,000 to the lot made up of the house and 90ac of land.

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With €915,000 on board the auctioneer returned to the entire and a few more bids saw the price climb to €935,000 when the property sold to a solicitor acting in trust.

Indo Farming