Farm Ireland

Monday 20 November 2017

Wexford 24.5ac goes for €60k more than market price

Jim O’Brien

A 24.5ac parcel of land in two fields near Kildavin village, on the main Wexford to Carlow road, sold under the hammer last week for €330,000 or €13,500/ac.

The lands are one kilometre from Kildavin, 3km from Bunclody and 20km south of Carlow town. Situated in the shadow of the Blackstairs Mountains, the River Slaney runs close to the eastern boundary of the property.

Laid out in two divisions, the fields come with extensive road frontage, while a central driveway from the public road gives access to both fields and to an adjoining sandpit.

The lands are currently in grass, and according to auctioneer, David Quinn, are well fenced, of excellent quality and suited to grazing or tillage.

The property was initially offered in lots of 12.5ac and 12ac but there was more interest for the entire.

Bidding for the entire opened at €205,000 and it went on the market at €270,000.

Auctioneer David Quinn had expected it to sell at that or soon after, but bidding continued and didn't stop until another €60,000 was put on the land and the hammer fell at €330,000.

Mr Quinn described the sale as a great auction and thought €13,500/ac was a very good price for the land.

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Meanwhile, a 14ac field at Ballymartin, Castlebridge, Gorey was withdrawn from auction at €140,000 and sold immediately afterwards for a higher price. Located a kilometre from Castlebridge village, the property is 5km from Wexford town and within 3km of the coast. It sold to a local farmer.

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