Farm Ireland

Tuesday 23 January 2018

Mystery buyer bags properties

Jim O'Brien

Jim O'Brien

A mystery female buyer represented by a solicitor from Athboy bought two properties at auction at The Property Exchange in Trim recently.

A 14.5ac field at Killua, Clonmellon, was bought by the woman in question for €87,000, or €6,000/ac, while a three-bedroom cottage on 0.5ac at Otterstown, Athboy, was bought by the same lady for €61,000.

Located three miles from Clonmellon and four miles from Athboy, the 14.5ac parcel is described by auctioneer Thomas Potterton as a lovely undulating field, all in grass with no road frontage.

It is situated in view of Killua Castle, originally owned by the Chapman family and now being renovated by a British businessman. The field next to the property contains a folly in the shape of an obelisk associated with the castle.

There was good interest in the field and a nice crowd showed for the auction but two bidders were the main players on the day.

After opening at €50,000, the price went up in five bids to €85,000 and went on the market before it was sold at €87,000. The under-bidder was a local farmer.

Mr Potterton said the price per acre was a pure agricultural price and is a good indication of local land values.

The three-bedroom cottage on 0.5ac is located in Otterstown Lane. This is a nice secluded laneway off the Athboy/ Kildalkey road. While the cottage is structurally sound, it is in need of some refurbishment.

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Bids were sought in advance of €40,000 and, with two bidders in the fray, the price went up in increments of €5,000, €2,000 and €1,000 until it reached €60,000, before it was bought by the solicitor for €61,000.

Jim O'Brien

Indo Farming