HomeFarming NewsVIDEO: 48-acre Clare farm sells for €525,000 at auction
Catherina Cunnanehttps://www.thatsfarming.com/
Catherina Cunnane hails from a fifth-generation drystock and specialised pedigree suckler enterprise in Co. Mayo. She currently holds the positions of editor and general manager at That's Farming, having joined the company in 2015.
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VIDEO: 48-acre Clare farm sells for €525,000 at auction

A circa 48-acre farm adjacent to Clonlara Village, County Clare, exceeded its guide price by €125,000 when it went for auction on Tuesday, June 2nd, 2021.

According to the selling agent, REA John Lee, the roadside farm, with outbuildings, sold for €525,000, levelling at €10,937.50 per acre.

The Newport, Co. Tipperary-based firm hosted the online auction in conjunction with LSL Auctions.

Clare farm: Auction

The auctioneer declared the property on the market at €460,000 and began accepting €5,000 increments thereafter, later advancing to €500,000.

The auctioneer’s hammer began to fall at €515,000 as he issued a “final warning”. He urged interested parties to place their bids without delay.

Just as the auctioneer commenced to close the sale, a bid of €520,000 was placed before the final bid of €525,000 was made.

Ahead of the auction, the selling agent described this as an “ideally located roadside farm adjacent to Clonlara village extending to circa 48-acres”.

“This fine farm is located beside Clonlara village and contains some excellent quality grazing lands in need of upgrading with possible future development potential.”

“Farm buildings consist of 2-column hayshed with lean-to, collecting yard and cattle crush,” the selling agent added.

Ahead of the online auction, the auctioneer guided the property at €400,000, equivalent to €8,300/acre.

Up to €15,750/acre for land at auction

A “valuable” circa 27.5-acre holding with a derelict residence in Knockduff, Monageer, Enniscorthy, Co. Wexford exceeded its guide price when it went for auction last month.

Quinn Property hosted the online auction in conjunction with LSL Auctions on Thursday, May 20th, 2021, at 4 pm.

Ahead of the auction, auctioneer, David Quinn, said the lands are of “mixed quality” with excellent free-draining soil type towards the western boundary and slightly heavier land towards the eastern side.

The holding has the benefit of a single storey derelict cottage with an adjoining shed, which may allow future planning. In addition, there is a well on the land which is not connected and a natural water supply.

Quinn guided property between €230,000 and €250,000, which equates to between €8,364 and €9,090 per acre.

The property exceeded its price guide, selling for up to €15,750/acre.

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