Farm Ireland

Wednesday 21 March 2018

Meath lands make from €9,300/ac to 12,600/ac at auction

Jim O'Brien

Jim O'Brien

A 95-acre farm near Kinnegad, Co Meath, was bought at auction last week by a local farmer for €886,000 or €9,300/ac.

The holding at Ard-namullan, 1.5 miles west from Clonard and one mile from Kinnegad, had full planning permission for a substantial residence and stables.

Trim auctioneer Thomas Potterton said that while the property -- which he described as being "in good heart" -- was all in grass at the moment, it would be equally suited to a cereal enterprise.

The farm was initially offered in lots of 53.5ac and 41.5ac respectively.

When offers of €430,000 and €320,000 were received for the two lots, Mr Potterton turned his attention to the entire and sought bids in advance of €750,000.


Bidding started at €760,000, and with three bidders in contention the hammer came down at €886,000.

Meanwhile, on the same day, Mr Potterton sold a 17.5ac parcel of land at Cullentra, Longwood, Co Meath, for €11,350/ac.

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This roadside field attracted three bidders.

The auction opened at €170,000 and the lands sold under the hammer for €198,000.

A local man bought the parcel for his son, who works abroad and hopes to come home to Ireland to farm.

Staying in Co Meath, Sherry FitzGerald Royal sold a 41.54ac of top quality tillage and grassland at Grangebective for €525,000 or €12,600/ac.


Part of the same property, a unique and extensive American-style residence on a total of 13ac, was withdrawn at the auction at €600,000 and sold later for a figure said to be in the region of €675,000.

Indo Farming