Farm Ireland

Thursday 23 November 2017

Kildare bungalow sells at €253k, 12ac still up for grabs

Jim O'Brien

Jim O'Brien

A 16ac property with an old dwelling house and a yard at Oldmill, Kill in Co Kildare was offered for sale in lots last week. The house on 0.5ac made €253,000, while the outhouses on 2.57ac made €85,000. The remaining 12.7ac of land was bid to €187,000 and withdrawn at that by CME auctioneers in Naas.

Situated 2km from the N7 and 10 minutes from Citywest Business Park, the property consists of a bungalow, a farmyard with old sheds and 16ac of land with road frontage on to two roads.

At auction the house on 0.5ac attracted two bidders when it opened at €200,000. It was put on the market at €250,000 and sold at €253,000. The outhouses on 2.57ac also attracted two bidders when it opened at €70,000 and the hammer came down when the amount was on the table reached €85,000.

Auctioneer Ronan O'Connor didn't have the same fortune with the 12.7ac of ground. It opened at €140,000 and with three bidders in the chase the price rose to €187,000 and active negotiations are on-going.

The same auctioneer sold a 41.57ac parcel of ground located near Portarlington in Co Laois. The place sold under the hammer as an entire making €480,000.

Situated 1km from Portarlington on the R419 Portlaoise to Portarlington Road and 5km from Ballybrittas, the lands are in four fields and all in tillage. The ground is described by Ronan O'Connor as the best of ground with 500m of road frontage.

On the day bidding opened when Mr O'Connor put the lots on sale first. The first lot comprised of 37.5ac, and was bid to €340,000 by two bidders while the second lot of 4ac was bid to €37,000. The entire was then put to the floor opening at €380,000 and with three bidders in the chase the place went on the market at €435,000, and sold for €480,000.

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