Farm Ireland

Tuesday 23 January 2018

Legend of the hangman doesn't haunt Westmeath land as it makes €265,000

The 143ac property overlooks Lough Derravaragh near
Castlepollard in Westmeath.
The 143ac property overlooks Lough Derravaragh near Castlepollard in Westmeath.
Jim O'Brien

Jim O'Brien

Knockeyon Hill on 143ac overlooking Lake Derravaragh at Streamstown in Co Westmeath sold at auction last week making €265,000.

Located about 7km from Castlepollard, 16km from Mullingar and 5km from Crookedwood the property is laid out in one block and is made up of grazing, mature forestry, scrub and about 30ac of hardwood trees planted in 2001.

Knockeyon Hill rises to over 700ft and dominates the surrounding countryside.

Midway from the top of the hill lie the ruins of an ancient chapel purportedly built by St Cauragh. The waters of St Cauragh's Well are believed to have miraculous healing properties.

Legend also has it that three men were hung on the top of the hill and grass never grew there again.

Before an attendance of about 20 people auctioneer Paddy Jordan opened proceedings when he accepted an initial bid of €100,000.

Bidding between two contending customers continued in increments of €5,000 up to €240,000 at which stage the property was placed on the market and with a final push by the two bidders the property was sold for €265,000.

The purchaser was a solicitor acting in trust for an undisclosed client.

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Adare auction

Moving south to Co Limerick the spell of St Cauragh's holy well seemed to extend to the gavel of Tom Crosse when a 20ac residential farm located at Ballinakill, Adare, Co Limerick sold at auction making €325,000. The vendors were the representatives of Lady Kathleen Pelham Clinton Hope deceased.

The land is described as excellent in quality laid out in three very nice fields. A single storey cottage on the property is described as in need of repair together with some stabling and a loose shed.

The house and farm are located just 10 minutes' drive from the popular and picturesque village of Adare.

Mr Crosse of GVM Limerick opened the bidding when he accepted an offer of €225,000 and with three bidders in the chase, bidding continued until the place was put on the market at €300,000. A further seven bids ensued until the gavel fell at €325,000 representing a figure of €16,000/ac.

The purchaser, a businessman with equestrian interests based in the UK, intends breeding bloodstock on the lands.

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