Farm Ireland

Monday 11 December 2017

Dairy man lands Wexford farm for s1.76m

Caitriona Murphy

Caitriona Murphy

A local dairy farmer saw off stiff competition from other bidders to secure a 194-acre residential farm in Co Wexford for €1.76m last week.

The property at Curraghmore, Saltmills, Co Wexford, was initially offered for sale as two lots of 120 acres and a 74ac residential block.

The 120ac non-residential portion secured just one bid of €750,000, while the residential block opened at €400,000 and went to €525,000. However, it was clear that the bulk of interest in the farm was for the entire property, which opened at €1.3m.

Brisk bidding by two local farmers saw the bidding rise to €1.7m.

After consulting the vendors, the property was then put on the market by the selling agent, PN O'Gorman.

The winning bid of €1.76m, or around €9,000/ac, was placed by a local dairy farmer.

Described by the auctioneer as one of the finest farms to come on the market in the Wellingtonbridge area in recent years, this property is naturally divided into two blocks by the R733 Wexford-Wellingtonbridge road.

The 120ac block is broken into 76ac of permanent pasture, 31ac of tillage land and 13ac of woodland.

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There are no forestry payments associated with the woodland.

This parcel of land has dual road frontage and an internal roadway leading to the farmyard.

The yard contains a three-span hay shed with lean-to.

Across the road, the residential portion of the farm includes a traditional two-storey farmhouse extending to 138sqm (1,485sq ft) in size.

The four-bedroom house is flanked by a traditional farmyard that includes calf houses, a cattle crush and a lofted barn.

Beyond this yard is a modern farmyard with a five-span hay shed, some lean-to sheds and cattle housing.

Indo Farming