Thursday, December 7, 2023
9.4 C
HomeFarming NewsOnline auction sees 2 bidders ‘fight it out’ for €302,500 derelict cottage...
Catherina Cunnane
Catherina Cunnane
Catherina Cunnane hails from a sixth-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 firm during its start-up phase in 2015.
Reading Time: 2 minutes

Online auction sees 2 bidders ‘fight it out’ for €302,500 derelict cottage on 6-acres

Post-auction report: Kildare 

A derelict cottage on 6.2-acres in Kildare sold for €82,500 more than its guide price when it went for auction this week.

As featured by That’s Farming, Jordan Auctioneers guided the property in Newtown, Donore, Caragh, Naas, at €220,000.

According to the auctioneer, Clive Kavanagh, the property achieved a figure of €302,500, which was “an excellent result”.

With seven registered bidders, the property opened on LSL Auctions’ platform at €200,000, before Kavanagh placed it on the market at €240,000, with “two parties eventually fighting it out before the hammer fell”.

Post-auction report: Kildare 

The selling agent remarked:

- Advertisement -

“The subject property was in an excellent location close to a range of surrounding towns and villages, including Robertstown 2.7km, Prosperous (4.5km), Caragh (6.6km), Clane (9.5km), Sallins (12.5km) & Naas (13km).

“The cottage itself was derelict but ideal for replacement subject to obtaining the necessary planning permission. The land was in four divisions, all in grass, with superb natural hedgerows and mature trees.”

€690k for 49ac roadside holding after ‘bidding battle’

A circa 49-acre roadside holding in Wexford exceeded its price guide by €195,000 at auction earlier this week.

David Quinn of Quinn Property guided the holding in Slad, Tagoat, Rosslare, at €495,000 before the auction on Tuesday, September 21st, 2021.

That’s Farming featured the property, which saw almost ten registered bidders in the days leading up to the auction.

Post-auction report: Wexford holding

The property firm offered the holding for sale in the following lots in conjunction with LSL Auctions:

  1. 29-acres;
  2. Circa .89-acres;
  3. The entire: C. 49-acres.

On the day of the auction, bidding on lot 1 began at €130,000 and, with the help of three bidders, climbed to €380,000.

Lot 2 peaked at €180,000 after activity from three bidders. However, bidders on the entire “had no issue” in surpassing the total of lots 1 and 2 (€510,000).

In fact, bidding on lot 3 “quickly reached” €570,000 and then €670,000 with two parties “battling it out”.

After two further bids, Quinn’s hammer fell at €690,000, equating to over €14,000 per acre.

David Quinn commented on the “extraordinary depth of demand for agricultural land in South Wexford and indeed across the region”.

There are several genuinely disappointed underbidders that will be eagerly awaiting the launch of similar properties,” he commented.

Further reading:

Read this full post-auction report. View more houses, land, and farms for sale.

- Advertisment -

Most Popular