Farm on high land goes for €470k

Jim O'Brien

Jim O'Brien

A farm on some of the highest arable land in Ireland at Ballinahinch between Roundwood and Newtownmountkennedy in Co Wicklow extending to just under 89ac sold at auction last week for €470,000, or almost €5,300/ac.

Described by David Quinn of Quinn Properties, Gorey, as high, light land, the property is under 68ac of tillage and with the remainder in grass. The property has about 200m of road frontage and a cattle shed extending to 12,100sq ft with concrete feed troughs. The land was originally part of a farm that included a 97ac parcel that was sold late last year.

When proceedings opened at the Glenview Hotel at the Glen of the Downs the property was offered in two lots, lot one consisting of 6.7ac and lot two consisting of 82.1ac. Lot one was making €50,000 and lot two €370,000 when attention turned to the entire.

Bidding on the 88.8ac opened at €430,000 and after consultation the property went on the market at €470,000. As no further bids were forthcoming the farm was sold for €470,000 to the farmer who had purchased the 97ac parcel towards the end of last year uniting the original farm.

Meanwhile, a 40ac farm located at Ballinastraw, Gorey, sold in four lots at auction last week fetching an entire price of €524,000 or €13,100/ac.

Located three miles north of Gorey, the farm was offered for sale by Quinn properties. Lot one was bought by a local farmer for €175,000; while lot two was bought by a local person not in farming for a hefty €124,000 or over €19,000/ac. Lot three, 13ac was also bought by non-farmer for €156,000, while the last lot made €59,000.

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