Farm Ireland

Sunday 18 March 2018

Model farm fetches €15,000 per acre after hectic bidding

63ac farm near Killanne sold for €950,000
63ac farm near Killanne sold for €950,000
Jim O'Brien

Jim O'Brien

A 63ac residential farm at Killanne near Enniscorthy, Co Wicklow, sold for €950,000 under the hammer last week after a hectic auction when the lots were pitted against the entire.

Located 2km from Killanne, the property is 15km from Enniscorthy and 8km off the N30 at Clonroche.

The place was once a dairy farm but became a suckler operation for a number of years, however in most recent times it has been rented by a dairy farmer.

The original dairy infrastructure is still in place, including the milking parlour, the central roadways and well-fenced paddocks.

Most of the farm, 55.5ac, is in one block with a 7.5ac piece situated across the road from the main holding with both sides enjoying plenty of road frontage.

The farm is known locally as the 'Model Farm' and in its day hosted many farm walks.

The residence, a traditional stone storey-built farmhouse with an upper floor, was remodelled and extended over the years and is in good condition. The farmyard consists of a wide range of good farm buildings and an adjoining collecting yard, cattle handling facilities and a slatted tank .

At a packed auction the property was offered as an entire or in parcels consisting of 39ac with the house and yards, a 7ac field and a 16ac field with road frontage. On the day there was great interest in the lots and auctioneer David Quinn oscillated between auctioning the lots and the entire.

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With €795,000 on the parcels and €800,000 on the entire Mr Quinn sought to bring matters to a head and in his final round of the lots the 39ac with the house and yards was bid to €610,000, the 16.4ac was bid to €220,000 and the €7.5ac was bid to €100,000.

This made a total of €930,000. The man bidding on the entire was undaunted and his final bid brought the price to €950,000. He won the day paying €15,079/ac for the model farm.

Kells sale

At the other end of Leinster, Kells auctioneer Robert Nixon had a good day in the auction room when he sold a 32ac farm with a derelict residence at Carnaross, Co Meath for €305,000 or over €10,500/ac.

Located at Stonefield Carnarosss, near Kells and 6km from the M3 the farm is described as a nice piece of ground with plenty of road frontage and divided into manageable divisions.

All in pasture, it is well fenced and comes with an old-style residence in need of renovation and a range of stone outbuildings.

At auction a good crowd attended and three bidders showed cause when Robert Nixon got proceedings under way, accepting a bid of €220,000. At €305,000 he consulted with the vendors and it was agreed to put the property on the market. It sold at €305,000 to a local beef and suckler farmer.

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