Farm Ireland

Friday 27 April 2018

Strong prices for quality farms in the midlands

Jim O'Brien

Jim O'Brien

These are hectic days in the auction rooms with some good sales and decent prices being paid for land.

A 52ac farm at Cloghernal, Granard, Longford laid out in one block with extensive road frontage on to two roads and including a derelict two storey farmhouse sold under the hammer for €446,000. The farm made more than €8,500/ac and exceeded its guide by a modest €6,000.

Located 3km from Granard, 25km from Cavan and 24km from Longford the lands are in old pasture and laid out in a number of fields all with mature hedgerows.

The farm was most recently used for harvesting silage and hay and was previously a grazing farm for sheep and cattle.

The derelict farmhouse is reached by a long graveled driveway and comes with an old orchard to the rear with outbuildings that include a traditional stone barn and a three-column hayshed along with some useful slatted accommodation.

At auction the property attracted two bidders. After opening at €350,000 the price went up in tranches of €10,000 until it was put on the market at €445,000 by auctioneer Raymond Potterton. Another bid of €1,000 clinched the deal for a local farmer.

The same auctioneer sold a 73ac, non-residential farm at Glenidan, Collinstown, Co Westmeath last week for €540,000 or almost €7,400/ac.

Located not far from Collinstown and Delvin the farm has over 1km of road frontage to two roads.

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Laid out in five main divisions a parcel of 5.6ac is under pasture with the balance of 67ac in tillage. All the lands are described as free draining, fertile and are very well fenced.

The generous road frontage and the presence of a derelict stone cottage might be an advantage if a buyer wishes to convert the property to a residential holding.

At auction the property opened at €450,000 and with two bidders in the chase it quickly rose in tranches of €10,000 to €540,000. It was put on the market and sold under the hammer for that price, exceeding its guide by €10,000.

Westmeath auction

Meanwhile, in another auction Mr Potterton sold 21ac of land that formed part of a residential farm at Battstown, Delvin, Co Westmeath.

The 21ac exceeded its guide by €37,000 when it sold under the hammer for €197,000 or over €9,300/ac. The house on 0.75ac was withdrawn.

The holding is located four minutes from Delvin, 15 minutes from Mullingar and 15 minutes from the M4 at Kinnegad.

The house is a spacious, six bedroom with a modern kitchen, a diner, utility room, a dining room and sunroom.

Adjacent to the house is a large double garage and a sheltered patio surrounded by mature gardens laid out in two lawns.

The lands are in one block and divided into two main divisions by a mature whitethorn boundary with a range of specimen beech trees. The entire farm is under permanent pasture with a stream running through the centre providing drinking water to all fields.

Entitlements being sold with the farm come to €5,033.74.

The yard is located in a sheltered corner of the farm and is well laid out with good cattle handling facilities and one large four-bay steel portal framed shed, with two lean-to sheds, incorporating slatted accommodation for cattle.

The sheds are in good condition and would lend themselves to any number of uses.

At auction there was no interest in the entire property or in the house.

Those in the auction room only had eyes for the land. This opened at €150,000 and three bidders drove the price to €197,000 where it was put on the market.

It sold at that price to a local young farmer. The house is now for sale by private treaty with a guide price of €230,000.

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