Surge in property sales post-auction
20ac parcel of ground sold under hammer and 24ac land Old Rectory went after auction
The rasp of the hammer is not ringing through the auction rooms with the frequency vendors and agents might like, but the sales are happening, often in the immediate aftermath of the public auctions.
This was certainly the case when Aidan Heffernan and Niall Mulligan of Sherry FitzGerald Royal brought three properties to auction at the Castle Hotel, Trim, Co Meath.
One sold under the hammer and two sold after auction.
The property sold at auction was a 20ac parcel of ground located in a townland called Eighty Eight Acres near Athboy, Co Meath.
The lands are described as top-quality grassland, in a single division and situated in a cul-de-sac about 1km from Athboy.
The bidding opened at €120,000 and with two bidders in the field the price soon reached €155,000.
It was put on the market at that and as no further bids were forthcoming it sold to an adjoining farmer.