Farm Ireland

Saturday 24 March 2018

Smart 60ac Dublin farm smashes guide by €315k

Jim O'Brien

Jim O'Brien

The price of land in Meath and Dublin is on the rise with a parcel in the Royal County making over €19,000/ac at auction and a 60ac Dublin farm making more than €18,500/ac.

Montana House at The Ward, Co Dublin, on 60ac with stables and a farmyard sold at auction last week for €1,115,000 or more than €18,500/ac, surpassing its guide by €315,000.

Located across the road from the famous White House pub, the farm is 5km north of the M50 and enjoys road frontage on to the Ashbourne and Mulhuddard roads.

Built some 50 years ago, the house is unique with its five-column veranda and balcony topped by a roof with a bell-shaped curve.

The accommodation includes four reception rooms, a large kitchen and utility, four bedrooms and a family bathroom. According to Pat O'Hagan of selling agents Savills, the house is a good substantial building but in need of refurbishment and modernisation.

While all in grass at the moment, the land is described as the best of north Dublin tillage land laid out in one block of 60ac with multiple access opportunities.

The outbuildings include a courtyard with 16 loose boxes and a lean-to shed for machinery or fodder storage. A cattle yard at the south-west of the property includes a traditional cattle shed and outdoor facilities that could winter up to 70 cattle.

Pat O'Hagan of Savills opened proceedings when he accepted a bid of €800,000. With five bidders in the field bidding was initially brisk until the price neared the €1m mark. It slowed to a snail's pace until the farm was bought under the hammer for €1,115,000 by a north Dublin businessman with farming interests

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At the same auction a 11.15ac parcel of development ground at Kilmessan, Co Meath sold under the hammer for €215,000 or more than €19,000/ac.

Adjoining the Bective Avenue housing scheme on one side and the Station House Hotel on another, the parcel is located on the outskirts of Kilmessan village. The lands are the last remaining significant block of zoned development land in the village.

Mr O'Hagan opened proceedings at €120,000 and with a number of bidders in the chase the price rose steadily until the parcel sold after 27 bids for €215,000.

A third property offered at the Savills auction consisted of a 57ac farm with a cottage and outhouses in need of much attention located at Roestown, near Maynooth.

Described as a superb block of agricultural land with 500m of frontage on to two roads, the property was offered at auction in lots.

The holding was withdrawn but after auction the house on 1.23ac was bought for €180,000 along with 6.77ac of land bought for an undisclosed sum, believed to be in the region of €88,000 or €13,000/ac.

The remaining 49ac are now on the market by private treaty with a guide price of €640,000 or €13,000/ac.

Irish Independent