Cooltown House, Enfield, Co. Meath, changed hands for €2,180,000, equating to slightly over €15,000 per acre, recently in an executor sale handled by Jordan Auctioneers, writes farming journalist, Catherina Cunnane.
The firm’s selling agent, Clive Kavanagh, described the listing, ahead of the auction, as “a fine residential farm with a traditional yard extending to approximately 143-acres”.
“The farm had not been minded and offers great potential to a new purchaser to improve and develop it. The entire has been partly renovated but requires full completion,” he remarked.
As featured on www.thatsfarming.com, Jordan Auctioneers guided the residential farm at €1.43 million ahead of the auction, which took place at the Keadeen Hotel, Newbridge, Co. Kildare on Friday afternoon (June 23rd, 2023).
The property, which is in Enfield, Co Meath, includes a traditional two-storey farmhouse extending to c. 42 sq.m (1,528 sq. ft) with various reception rooms and four bedrooms.
The yard is located to the rear of the residence and provides a range of stone outhouses (in need of repair) and a 3-span hay shed.
The land is all in one block, in circa twenty divisions, currently in grass, with “superb” mature trees and natural hedgerows throughout.
According to Kavanagh, “This is an ideal farm for livestock, a dairy enterprise or an equestrian use, providing 143-acres all in the one block”.
The property is just off the R159 between Enfield (6km) and Trim (11km), with the M4 (Junction 9) situated circa 7km to the south.
The nearest village is Rathmoylan (4km), and Dublin airport is approximately 40 minutes away.
Before what Kavanagh described as a “small but active attendance”, there were four bidders before it narrowed down to two parties who “battled it” out before the hammer fell to a locally-based family.
The land, according to Clive, is “all in the one block currently in grass with superb mature trees and natural hedgerows”.
“That there was good interest in the farm from the outset, which is likely a reflection of the current land market and also the difficulty it is to get a holding in excess of 100 acres in the one block,” he concluded.
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