Post-auction report: Carlow smallholding on 26-acres sells for €20,000 more than guide price
A circa 26-acre residential holding with outbuildings sold for €20,000 more than its guide price when it went for auction on Tuesday, March 2nd.
Due to Covid-19 regulations, the holding at Ballinagilky, Hacketstown, Co. Carlow was auctioned online by Quinn Property from its Carnew office.
Ahead of the auction, David Quinn of Quinn Property guided the holding at €250,000. He outlined that this is an “ideal opportunity for anyone wishing to purchase a smallholding with equine or other farming interests”.
The property enjoys an “excellent and convenient” location on the Wicklow/Carlow border in a cul-de-sac roadway, the L60071, according to Quinn Property.
“The two-storied residence enjoys stunning views of the Wicklow mountains, and the surrounding countryside was constructed over 100 years ago.”
It comprises a living room, bedroom, kitchen, and bathroom on the ground floor with 1/2 bedrooms on the first floor.
According to the selling agent, it is in “good condition” throughout and would “gratefully benefit” from some upgrading. The yard, which has a separate entrance, has two large sheds.
He outlined that the lands are divided into suitable divisions with c. 16.5 acres of good quality grassland and c. 9.5-acres in mature forestry planted approximately 20 years ago and reaping the benefit of a natural water supply.
According to Quinn, the property received a “solid” level of interest leading up to the auction and 10 parties registered to bid online.
On the day of the auction, there were four active bidders. After opening at €200,000, bidding “steadily rose” to €270,000.
Quinn then declared the property on the market. With no further bids before or after consulting with the vendor, the hammer fell at this price-tag to a Wicklow-based businessman.
Speaking after the opening auction of 2021, David Quinn said: “This was a hugely positive start to the year. Despite general economic uncertainty, property sales continue to perform well.”