Farm Ireland

Wednesday 24 January 2018

Milkmen battle it out for Meath land

A 29ac residential farm at Clonkeefy, Oldcastle sold for €270,000.
A 29ac residential farm at Clonkeefy, Oldcastle sold for €270,000.

Milkmen were to the fore in two recent land auctions in Co Meath. Clearly the problems with milk prices are not deterring all dairy farmers from investing in land.

A 29ac residential farm located at Clonkeefy, Oldcastle sold under the hammer to a local dairy farmer for €270,000 or over €9,300/ac.

The residential Clonkeefy farm is located at a crossroads 3km from Oldcastle giving the place good road frontage on to two roads.

The house was stripped down internally and reroofed by the most recent owner.

The land is divided into seven fields and is in great heart having been reseeded in the relatively recent past.

The divisions are all fenced with neat whitethorn hedges interspersed with specimen ash and beech trees with good gates to each field.

The property was to be auctioned in a combination of lots or in its entirety but on the day auctioneer Raymond Potterton found the main interest was in the entire.

It opened at €230,000 and with two local bidders showing cause the price rose swiftly in tranches of €10,000 until the place was put on the market at €270,000. It sold at that price to a local dairy farmer

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At the same auction Mr Potterton sold an 11ac parcel of ground at Creevagh, Crossakiel near Kells in Co Meath.

Described as elevated ground with gentle undulation, the property has good road frontage, is well fenced and well looked after.

When bidding opened at €70,000 the place attracted the attention of four bidders.

The price rose quickly and soon Raymond Potterton put it on the market at €93,000. Bidding continued until the hammer fell at €109,000 when a neighbouring dairy farmer again won the day.

Indo Farming