Prices under the gavel are matching and surpassing the highs of last year
The sales season is beginning and a few auctions, both in person and online, are repeating and exceeding the performances of the auction rooms of last year with some land making over €21,000/ac.
Last week Jordan Auctioneers saw Wicklow land make over €21,000/ac when they sold a 16.6ac parcel of ground at Knockanduff, just outside Avoca in Co Wicklow.
The property sold online for €345,000, slightly under its guide of €350,000. With an old derelict house and yard, the land — formerly part of the historic Ballyarthur Estate — was located 8km from Woodenbridge and 13km from Rathdrum.
The house on the property was completely derelict but the land had some lovely mature timber and was described by auctioneer Clive Kavanagh of Jordans as “having real charm with enormous potential”.
According to Mr. Kavanagh a total of four bidders registered for the auction and the majority of interest was local.
A 39.5ac parcel of land at Dunganstown in Co Wexford was sold by PN O’Gorman for €360,000. Situated within a five-minute walk of the ancestral home of John F Kennedy the farm is made up of grassland and woodland.
The land is in two portions with 32.5ac in grass and 7.5ac in woodland and located about 9km south of New Ross and 25km northeast of Waterford City close to the Barrow.
The sale, which was held on the land, opened at €300,000 and with two keen bidders in action the property was bid to €350,000.
At that point it was put on the market and gathered another €10,000 before selling at €360,000 or just over €9,000/ac to a local buyer with equestrian interests.
In Kilkenny, auctioneer Ed Donohoe was delighted to be back in the live auction room when 20 people turned up for the sale of a 43.5ac parcel of ground at Ballinvalley, Paulstown.
“It was great to be able to see the white of people’s eyes again during a sale,” Mr Donohue said.
The property made €560,000 or almost €13,000/ac, well exceeding its guide of €400,000. Located 3km from Paulstown the property is 1km off the old Dublin to Kilkenny Road and made up of good elevated grazing ground with about 6.5ac in forestry.
Bidding opened at €250,000 with two bidders in action. After a number of recesses the place went on the market at €400,000.
A flurry of bids in amounts of €1,000 and €5,000 ensued until the hammer fell at €560,000 in favour of a local young man who intends to farm the ground. The underbidder was a neighbouring farmer.
On the private treaty front the same auctioneer is selling a 15ac parcel of land at Clashwilliam near the Kilkenny racing village of Gowran.
An equestrian property with good road frontage, the holding has a stream running through it, is stud-railed throughout and is hung with equestrian gates.
With a guide of €200,000 Mr Donohoe believes the property will attract a range of buyers and, with planning permission, it could have residential potential.
Staying in Kilkenny Anne Carton of PN O’Gorman is handling the sale of a 29ac non-residential holding at Tintine, The Rower. It comes to auction with a guide price of €12,000/ac.
Located 2km from the Rower and 6km north of the town of New Ross, the property has excellent dual road frontage.
The land is suitable for tillage or grazing with 7.5ac in grass, 18ac is in stubbles and 3.6ac in old woodland. The place has been rented for a number of years and is for sale without entitlements.
A public auction will be held on the land on Friday, March 11 at 2.30pm.