Farm Ireland
Independent.ie

Monday 26 February 2018

Land scarcity drives Roscommon sales

Jim O'Brien

Jim O'Brien

A recent auction of lands in Co Roscommon saw a range of properties sold under the hammer for prices ranging from €5,500/ac to almost €9,000/ac.

One of the largest parcels was a 29ac holding located at Kinnity, Fourmilehouse, Co Roscommon.

It sold for €252,000 or almost €8,700/ac.

The property was bought under the hammer by local solicitor, Terry O'Keeffe, who was acting in trust.

This particular lot, situated beside the Kilbride GAA grounds, attracted significant interest prior to the auction, local auctioneer John Early said.

A parcel of ground extending to 13.3ac, located on the edge of Rahara village, opened at €80,000 and was knocked down at €119,000 to solicitor, Sean Mahon, acting for a client.

bungalow

The final property, a 29.6ac residential holding with a three-bedroom bungalow, located in the village of Cloontuskert, was sold in four separate lots for a combined sum of €164,000 or €5,500/ac.

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John Earley said a combination of good value and the scarcity of land was continuing to drive the market.

Irish Independent