Farm Ireland

Saturday 20 January 2018

East Meath mansion on 18ac hits €610k

Smithstown House in Meath sold for €610,00 at auction
Smithstown House in Meath sold for €610,00 at auction
Jim O'Brien

Jim O'Brien

Smithstown House on 18ac in Julianstown, Co Meath, sold under the hammer last week for €610,000, somewhat short of its guide of €700,000.

Located on the Julianstown road 7.5km from Drogheda, Smithstown was once the main house on a much larger estate.

The house is an eight-bedroom, two-storey mansion in need of substantial refurbishment set on 18ac of good free-draining land, with road frontage on to the Julianstown to Drogheda Road.

The accommodation includes six upstairs bedrooms, an entrance hall and an inner hall, a spacious high-ceilinged drawing room and a dining room. There is a traditional kitchen, a pantry, scullery, store, a back hall and two downstairs bedrooms along with a WC, bathroom and dressing room.

The outbuildings comprise a series of stables, a coach house, storage spaces and livestock accommodation.

The land is described as the best of Meath land set in a very productive farm area. It is laid out in one big field, all in grass, and in great heart.

At auction the bidding opened when John Harrington of Smith Harrington accepted a bid of €400,000. With four bidders in action, matters proceeded apace until the price reached €575,000, at which point the sale slowed.

Eventually, with €610,000 on board, Mr Harrington put the property on the market and it sold at that to a local family.

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Moving west, Tuam auctioneer Martin Tyrell sold a 9ac parcel of ground at Annaghdown near Corrundulla, Co Galway for €80,000 or almost €9,000/ac.

Described as average farmland, the property has no frontage and is accessed by a laneway. At auction, the bidding opened at €65,000 and it sold to a local farmer for €80,000.


Meanwhile, to the south, a 45ac farm at Gorteenaskagh, Brittas, in east Limerick sold after auction when Newport auctioneer James Lee withdrew the property.

On the day, three interested bidders drove the price of the roadside holding to €302,000 until no more was forthcoming.

After a period of lengthy post-auction negotiations, a sale was concluded and a price in the region of €7,000/ac was paid for the ground.

Indo Farming