Land extending to circa 36.7-acres, for sale in Leinster, has just hit the market.
The lands, in two separate lots, are in south county Wexford, a short distance from Duncormick village.
The larger lot, spanning 34-acres, is 2kms from the village, while the smaller parcel, circa 2.7-acres, is just 1km from the village.
Land for sale in Leinster
According to Quinn Property’s David Quinn, the larger lot has “extensive road” frontage on three sides.
He said it is in several “suitable” divisions with “good quality land and no waste”.
“It is currently in a mixture of tillage and grassland and may have possible site potential,” he commented.
“Meanwhile, the second lot has good road frontage. It is a heavier land-type and is suitable for grazing.”
The firm is offering the property for sale in the following lots:
- Lot 1: Circa 34-acres;
- Lot 2: Circa 2.7-acres.
The lands are about 8km from Kilmore Quay and 7km off the Duncannon.
New Line, the R733, is located 8km from Kilmore Quay. Duncormick is what Quinn described as a “picturesque coastal” village on the River Muck and is on Bannow Drive, a popular tourist trail.
Furthermore, it is is close to a number of beaches, and a thirty-minute drive from Rosslare Europort.
Land prices in Leinster
Last month, we featured findings from IPAV’s Farming Report – January 2022 – which provided data in relation to land prices in Leinster.
Agents across Leinster reported a lack of supply and prices up to €14,000/acre for land in 2021.
Firstly, Eamon O’Flaherty FIPAV – Sherry Fitzgerald Brady O’Flaherty, Maynooth, Co. Kildare, witnessed “a lot of interest” in land from non-farmers in 2021.
He said these parties view land as a “secure, risk-free investment”. “
“There is an increased number of hobby farmers entering the market – who can now work remotely, as well as doing a small bit of farming. Brexit has had no effect whatsoever on land prices in 2021,” he commented.
The selling agent reported that he witnessed a reduction of up to 50% in the supply of fresh ground coming to market last year.
For those lands that did come to market in 2021, prices for “good quality” permanent pasture and tillage were in the region of €12,000/acre.
Meanwhile, Stephen Barry MIPAV – Raymond Potterton Auctioneers, Navan, Co. Meath, reported that large areas of County Meath saw no land sales at all.
He highlighted that prices were in the range of €6,000 for forestry and up to €12,000 for quality grassland and tillage.
Read more on land prices.