Farm Ireland

Sunday 18 February 2018

Dream comes true for Grange buyer

Jim O'Brien

Jim O'Brien

A 37ac residential farm adjoining the Teagasc Centre at Grange, Co Meath, sold at auction last week for €375,000, or just over €10,000/ac.

The farm was bought by a man in his thirties who now lives in Cork but grew up next to the farm and played there as a boy.

It was his life-long wish to own a farm and it was especially sweet when his mother and sister, who came to the auction to do the bidding for him, succeeded in their efforts and bought the holding.

The residential farm at Derrypatrick, Drumree, Co Meath, is an old-style Land Commission farm with a farmhouse typical of such a holding set on a traditional farmyard and on the standard acreage.

The holding is located off the R156 Trim to Dublin Road, five miles from Trim, seven miles from Dunshaughlin and 12 miles from Navan. Raymond Potterton Auctioneers guided the sale prior to auction at €290,000, or less than €8,000/ac.

The residence has been extended over the years and is now a five-bedroom house with a living room, kitchen/dining area and bathroom.

The lands are in four divisions and bounded by mature hedgerow and currently in grass. The farm, which has limited road frontage, has its own road entrance separate to the residential entrance and is bounded by a river at the back end.

The yard is traditional with a number of small stone buildings and a three-bay haybarn.

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Three bidders took to the field when Raymond Potterton opened proceedings at €250,000. In increments of €10,000, matters progressed until the amount on offer reached €300,000. When the price reached €330,000 the property was put on the market. After a further 14 bids the gavel finally fell at €375,000.

Indo Farming