Farm Ireland

Friday 19 April 2019

'Huge' local interest sees Model farm sell for €2.8m

Jim O'Brien

Jim O'Brien

A 212ac residential property with extensive farm buildings at Kilcotty, Enniscorthy in Co Wexford sold in five lots at public auction recently, making a total of €2.78m.

It exceeded its guide by a substantial €880,000, realising an overall per acre price of €13,100/ac.

The 212ac residential property at Kilcotty, near Enniscorthy, sold in five lots, making a total of €2.78m
The 212ac residential property at Kilcotty, near Enniscorthy, sold in five lots, making a total of €2.78m

Located on the R744 about 6.5km east of Enniscorthy, the place has substantial road frontage. In a mix of grass and tillage it includes a solid two-storey farmhouse reached by a tree-lined avenue in a private setting surrounded by trees.

The house extends to 1,765sqft and while structurally sound is in need of renovation and modernisation.

The yard to the rear of the dwelling has its own entrance from the road and comprises a wide range of sheds in a mix of dated and relatively modern units, generally in good condition.

At auction Frank McGuinness of Sherry FitzGerald O'Leary Kinsella offered the place for sale in five lots.

The main lot, located around the house, extends to 134ac divided between tillage and grass, with 1.2km of road frontage on to the R744.

Including the house and yards this opened at €1m and attracted four bidders. It went on the market at €1.45m and sold for €1.71m to a local tillage farmer.

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The second lot located in the townlands of Ballybeg and Baurela is about 400m from the main farm. Comprising 44ac of tillage, the parcel is laid out in five divisions; it has no road frontage but is accessed by a short laneway.

This opened at €300,000 and four bidders again took to the chase. It went on the market at €360,000 and at €555,000 the gavel came down in favour of a local solicitor acting in trust.

Lot three is made up of 16.5ac of tillage ground and is located in the townland of Kilpierce about 1km from the farmstead. All in one field with dual road frontage extending to 400m, this parcel opened at €150,000 and a number of local tillage farmers fought it out until it went on the market at €200,000 and the hammer dropped at €280,000.

The fourth lot, an 8.42ac parcel of tillage with dual road frontage at Cooladine, sold to an adjoining tillage farmer after one bid of €80,000.

The same farmer bought the final lot, also adjoining him at Cooladine. Consisting of 9.26ac of tillage in one field with extensive road frontage, it opened at €120,000 and sold for €155,000.

Frank McGuinness described it as a great sale that drew huge local interest prior to auction and involved all local buyers on the day.

Indo Farming