A circa 10-acre roadside holding has changed hands for over €7,000/ac more than anticipated sum at an online auction, hosted by David Quinn of Quinn Property at 12pm last Friday (July 21st, 2023).
Quinn guided the property in Ticknock, Oulart, Gorey, Co Wexford at €10,000/acre in advance of the auction, which the firm hosted in conjunction with LSL Auctions.
He described the land as “currently in grass, laid out in one block, with the benefit of good road frontage onto two roads”.
“The holding is good quality land is good quality and suitable for agricultural use. However, given its road frontage, the property may have site potential for a residence, subject to planning permission.”
The auctioneer reported “strong” interest in the property, which is situated in a convenient location within close proximity to the Gorey to Wexford Road, especially from local farmers with just shy of ten parties registering to bid.
On the day of the auction, bidding opened at €80,000 for the listing and “very quickly” jumped past the €100,000 mark. With competition from six bidders, the property reached €155,000.
After taking client instructions, Quinn declared the property ‘on the market’, after which he proceeded to invite further bids.
Ultimately, the hammer finally fell at €171,000 to a local farmer.
Speaking following the auction, auctioneer, Quinn, said that “the price exceeded all expectations and is a clear indication of the current strength of the market”.
David added that he was “delighted to have achieved such a strong result for his client”.
The hammer price equates to over €17,000 per acre, or 71% above the guide price of €10,000 per acre.
Farms for Sale
In this news article, That’s Farming takes a look at two farms on the market in Ireland: one in Roscommon and the other in Mayo.
For sale through James Kilcoyne LTD and located in Currasullagh, Lisacul, Castlerea, Co Roscommon, is a “quality” residential farm, with a residence, outbuildings and circa 50.63-acres, including a bog and forestry.
The property, which is all in one lot except for a road divide, comprises an F-BER-rated three-bedroom detached two-storey residence with an extension and benefits from all services to include oil-fired central heating.
Meanwhile, the ground floor consists of an entrance hall with wood effect tile flooring, a sitting room with a wood effect tile flooring and electric stove insert, a living room with wood effect tile flooring and an open fireplace, a fully fitted and tiled kitchen/diner with a wood ceiling, a fully tiled shower room and one bedroom.
On the first floor, you will find two bedrooms with wood flooring.