Farm Ireland

Monday 20 November 2017

Meath land goes for close to €10k/ac at auction

Corville House, Co Cavan
Corville House, Co Cavan
Jim O'Brien

Jim O'Brien

Navan auctioneer John Harrington is having a busy and successful time in the auction rooms these days.

A recent executor sale saw the disposal of the non residential part of a 31.66ac farm at Tankardstown, near Navan in Co Meath. The holding sold under the hammer for €300,000. The house on 0.66ac was withdrawn.

A nice neat property located 17km from Navan and 8km from Slane the fields are well fenced and well supplied with water and currently used for grazing and silage purposes. The only farm buildings come in the form of a hayshed.

The residence is a two bedroom house on 0.66ac and in need of renovation. At auction there was no interest in the house but three bidders showed cause when the 31ac was offered to the gathering. It opened at €220,000 and was bid to €300,000 and at this point it was put on the market and sold at that to a local family.

Cavan sale

Further north in Co Cavan, Mr Harrington sold Corville House at Bawnboy near Ballyconnell. It comprises a Georgian residence on 56ac of grassland.

The two-storey over basement property on 8.2ac made €290,000 under the hammer, while the remaining 47.8ac was withdrawn and sold after auction to a local farmer for €280,000 bringing the total for the two lots to €570,000

Located 6km from Ballyconnell the holding is close to the borders of Sligo, Leitrim and Fermanagh. The house was built in the 1820s and occupied up to recently. Retaining many of its original Georgian features the accommodation includes six bedrooms, a bathroom, a drawing room, dining room and kitchen along with a rear kitchen and pantry and a downstairs WC.

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The basement has three rooms and a wine cellar with one of the spaces used as the boiler-room.

There are no outhouses to speak of as the traditional courtyard with its stables and coach-house is in need of complete repair. Located next to the entrance is a small stone gatehouse with three rooms upstairs and two rooms downstairs and this also is in need of extensive repair.

The lands extending to 55.96ac were described by Mr Harrington as good quality grasslands with some 246m of road frontage. The fields are divided by natural hedgerow and wire fences while throughout the farm fine stands of old trees are dotted around.

On the day the house on 8.2ac attracted five bidders before it sold for €290,000 while the 55.96ac of land attracted one bidder, a local farmer, who bid €200,000 for it before it was withdrawn. It sold to the same man for €280,000.

In another sale, Mr Harrington sold a 28.5ac parcel of ground at Proudstown near Navan Racecourse for €385,000. The property came with a small farmyard and was offered in lots.

The first lot extending to 15.5ac included the farmyard and sheds and road frontage on to two roads. This opened at €120,000, was withdrawn at €170,000 and sold afterwards for €180,000. The second lot of 1.95ac was withdrawn at €27,000 and sold for €35,000.

The final section extending to 11.4ac attracted two bidders and sold under the hammer for €170,000. The total of €385,000 equates to a price of €13,461/ac.

Indo Farming