| 6.6°C Dublin

Longford holding sells for close to €500,000

A FARM with a modern residence in Longford sold for close to its guide price of €500,000 after earlier being withdrawn from auction at €460,000.

Situated between Ballinalee and Granard off the R194, the farm has associations with the War of Independence and the exploits of Longford's most famous freedom fighter, Sean MacEoin, 'the Blacksmith of Ballinalee'.

The holding is located in rolling countryside surrounded by good quality, beef fattening land. The lands extending to 59ac are all under grass, are well fenced throughout with road frontage at two points to the public road.

The outbuildings include the former farmhouse, a substantial two storey traditional structure in need of total repair. The potential accommodation comprises three reception rooms, nine bedrooms and three bathrooms.

The modern residence is a substantial building with six bedrooms all with ensuite accommodation.

At auction the farm was offered in lots and as an entire.

The lots consisting of the old farmhouse and yards on 58.6ac and the new house on 0.78ac attracted no interest; buyers were there for the entire.

Proceedings opened in earnest when selling agents Murtagh Bros Mullingar accepted a bid of €400,000.

Two bidders entered the fray and the price on offer rose gradually until it reached €460,000.

At this stage the auctioneer could not bring it any further and he withdrew the property from the auction. It sold after auction to a local woman for a price believed to be close to its guide of €500,000.

Indo Farming