End of season flurry of sales across Leinster
The auction rooms are busy as we move into what is rather sadly called 'the back end of the year.' Good prices are being achieved and there seems to be a slight rise in the overall per acre average being paid for farmland.
A 125ac non-residential farm at Rathsallagh and Oldcourt between Dunlavin and Grangecon surpassed its guide price of €850,000 and recently made €930,000 under the hammer of Newbridge auctioneer Paddy Jordan.
Located adjacent to Rathsallagh Hotel the farm is laid out in one block and is in a mixture of tillage and grass with fine stands of trees and a plantation shelterbelt. The ground is comprised of self-draining gravelly soil on mainly elevated ground and the entire farm is serviced by a hardcore roadway.
At auction the property opened at €650,000 and with three strong bidders in the frame the place went on the market at €850,000 and sold for €930,000 or just under €7,500/ac. The buyer was a solicitor believed to be acting for an overseas buyer with local connections.
A 107ac residential farm near Athboy sold as an entire at auction for €730,000, over €6,800/ac.
The farm is located at Grennanstown 4.7km from Athboy and 17km from Kells. The sale included a four bedroom bungalow in need of refurbishment and an extensive range of farm buildings.
The land is a tale of two halves with 53ac in relatively good heart but in need of reseeding while a 52ac parcel, according to selling agents Robert Nixon, needs "the attentions of a digger."