Farm Ireland

Monday 28 May 2018

Keen bidding for Meath residential holdings

Elegant: Crossdrum House on 35ac near Oldcastle, Co Meath sold at auction to a Dublin buyer for €760,000
Elegant: Crossdrum House on 35ac near Oldcastle, Co Meath sold at auction to a Dublin buyer for €760,000
Jim O'Brien

Jim O'Brien

Two elegant properties in Meath recently sold at auction for impressive prices.

The first property to find itself a new owner is a 100ac residential holding at Ginnetts Summerhill in the heart of Co Meath's horse and cattle country. The holding was bought under the hammer for €905,000.

Located 3km from Summerhill and 8km from Trim, Ginnetts was renowned as a horse-breeding farm having produced RDS champion 'Ginnetts Nadia' in its day. Its achievements were not confined to the bloodstock sector as on the livestock front the farm was also home to a pedigree Limousin herd.

The residence is an old Georgian house with accommodation that includes two reception rooms, a kitchen, a sunroom and five bedrooms.

Out of doors the farmyard is home to a series of traditional buildings including five stables along with modern sheds and cattle handling facilities.

The lands are described by Stephen Barry of Raymond Potterton auctioneers as top quality ground in old pasture with plenty of road frontage and an internal farm roadway.

At auction the farm was initially offered in lots.

The house on 27ac opened at €400,000 and was bid to €500,000 before it was held while the remaining 73ac opened at €350,000 and held at €380,000.

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When the entire was opened to the floor it brought out some lively bidders after it opened at €885,000.

The price rose quickly to €900,000 where it went on the market and at this point a new bidder, a young farmer, entered the fray and bought the place for €905,000

Oldcastle auction

The next property to sell under the gavel of Raymond Potterton was Crossdrum House on 35ac at Oldcastle in Co Meath. This sold for €760,000.

Located five minutes from Oldcastle and 25 minutes from Navan Crossdrum is described as a classic Georgian House set in mature parkland close to Loughcrew and the renowned fishing lakes Lough Sheelin and Lough Derravaragh and Lough Lene.

The house, which stands two stories over semi-basement on a fine elevated site, was built in 1820 to a design by CR Cockerell.

The residence has been well-maintained by the owners and almost all the original features are intact. The accommodation includes three reception rooms, a kitchen, bathroom and five bedrooms and a wine cellar.

A cut stone entrance leads to the avenue that curves through parkland dotted with fine specimen trees.

The outbuildings are set in a small enclosed yard that accommodates a garage, fuel stores and a tool house. The garden and pleasure grounds are laid out in old world style with flowering shrubs, woodland areas a garden stream and a stone folly.

The farmyard is accessed by a separate avenue and accommodates a good range of traditional farm buildings including livestock houses, stables and barns.

The land is in 35ac of old Meath pasture laid out in large divisions with some fine stands of trees.

At auction the required two bidders showed cause when the property opened at €650,000. The price went up in increments of €10,000 all the way to €760,000 when the property was bought by a Dublin couple.

Indo Farming