Vendors have wind in their sails as Meath land goes for €14,000/ac
A parcel of 25ac of land with a converted 19th-century windmill at Balrath near Navan sold in lots at auction recently, making a total of €537,000.
The five-storey windmill was renovated in 2004 to include three bedrooms and living spaces with great views of the countryside.
At auction, Raymond Potterton opened bidding on the windmill on 0.07ac at €100,000 and was bid to €140,000. In a second round of bidding, it was put on the market at that price and a series of smaller bids brought the amount to €165,000 when the hammer fell.
A parcel of 7.2ac described as "a nice piece of ground in permanent pasture" opened at €80,000 and was initially bid to €135,000 and in a second round of bidding went on the market at that price and sold for €170,000.
The final piece, a 16ac parcel, opened at €150,000 and held at €170,000. In the second round it went on the market at €170,000 and sold at €202,000.
The combined sales price for the 7.2ac parcel and the 16ac piece saw the land make almost €14,000/ac.
In Co Kildare, Paddy Jordan sold a 40ac farm at Kilmead, Athy, after auction last week. It was bid to €320,000 at auction and withdrawn.