Farm Ireland

Monday 11 December 2017

Locals buy up farm lots

Jim O'Brien

Jim O'Brien

The auction of a farmhouse on 14.5ac at Stripes, The Rower, Co Kilkenny, was a tale of three sales.

Almost €13,000/ac was paid for a 4.8ac field, more than €8,800/ac was paid for a third lot of 7.2ac, while the charming, stone-built farmhouse and farmyard on 2.4ac failed to sell.

According to auctioneer Ann Carton, of selling agents PN O'Gorman, the property was offered in four lots. Lot one was a 4.8ac roadside field, recently in maize; lot two was 7.2ac of permanent pasture in two fields, while lot three was the farmhouse and buildings on 2.4ac. The entire was to be offered as lot four.

Three bidders made for a lively sale when lot one opened at €25,000. In bids of €5,000, the sale continued until the field was put on the market at €55,000 and knocked down to a local farmer at €62,000 -- more than €12,900/ac.

Lot two opened at €30,000 and a local farmer eventually bought it at €64,000.

Lot three was withdrawn and is now for sale by private treaty with offers of €180,000-200,000 being sought.

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