Farm Ireland

Thursday 22 March 2018

Model sheep holding sells for €363,000

Jim O'Brien

Jim O'Brien

A 60ac residential holding near Bailieborough, Co Cavan, sold in lots both during and after auction last week and realised a total price in the region of €363,000.

The farm, located at Gartnaneane, less than 6km from Baileborough, is part of the estate of late local sheep farmer Liam Farrell. In its day, this holding was a demonstration sheep farm.

According to selling agent Padraic Smith, the lands are highly fertile and productive and laid out in good sized divisions.


The fencing consists of high-grade stockproof fences and the property enjoys an abundance of road frontage.

The farmyard is of the traditional type, with a range of sheds and some fine handling facilities. The house is a solid farmhouse in excellent condition, and the accommodation includes three bedrooms, a sitting room, kitchen/dining area and bathroom.

In the course of the auction, Mr Smith sold a 13.5ac lot to a local farmer for €72,500, while a parcel of 35.6ac also sold under the hammer to a local farmer for €140,000.

Both lots averaged just over €4,300/ac.

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The farmhouse on 10.8ac was withdrawn at €110,000 and sold after auction to a customer from outside the area for close to the €150,000 guide price.


Meanwhile, in Meath, a 9.77ac parcel of tillage land at Gravelstown, Carlanstown, sold after auction for a figure believed to be in the region of €79,000, or €8,000/ac.

Kells auctioneer Sam Armstrong said that the property was withdrawn at auction at €75,000. It was sold afterwards to an adjoining farmer for a higher price.

Indo Farming