Wexford cottage is snapped up by local bidders
A 45.25ac residential farm at Parkannesley and Ballygarrett, Gorey, Co Wexford, sold during and immediately after auction last week for €492,500 or nearly €11,000/ac.
Located about nine miles from Gorey, the residence and outhouses on 31.5ac are situated in the centre of the village at Ballygarrett, while a 13.75ac parcel is situated on the outskirts of the village in the townsland of Parkannesley.
The holding includes a picturesque cottage in need of refurbishment set behind an attractive, traditional gateway and surrounded by its own gardens. An old style farmyard adjacent to the house includes a hay barn and two lean-to sheds in relatively good condition.
The land is described by James Kinsella of selling agents Sherry Fitzgerald O'Leary Kinsella as good Wexford ground suitable for grazing and tillage.
Lot one, consisting of the house and sheds on 22ac, opened at €175,000 with three locals showing interest. The price climbed in increments of €5,000 and €2,500 until the place went on the market at €220,000. It was bought by a local businessman for €227,500.
Lot two, consisting of 9.5ac in the village, attracted two bidders when it opened at €80,000 and in bids of €5,000 it soon reached €100,000 and was put on the market. It sold for €120,000.
A 13.75ac piece of ground land located on the edge of the village at Parkannesley attracted one bid of €120,000 before being withdrawn from auction and sold immediately afterwards for €145,000.