Amid a busy auction season, auctioneer Dillon Murtagh proved that good things often come in smallholdings as he brought the hammer down on a 21ac residential farm at Bellfield, Gaybrook, Co Westmeath, for just over €34,000/ac.
Significant pre-auction interest centred on the turnkey four-bedroom bungalow, a well-equipped compact yard and 21ac of high-quality pasture laid out in one open block, with extensive frontage onto two roads.
Several bidders competed fiercely for the holding at auction, which took place on Thursday 22 October at the Murtagh Bros auction rooms in Enfield, Co Meath. After a spirited contest, the farm eventually sold for €720,000.
Located less than 10 minutes from Mullingar, the parcel is within easy reach of a host of retail, educational and recreational amenities and services, while also benefiting from convenient access to both the M4 and M6 motorways, providing connectivity to the wider region.
The price paid is 161% higher than the average county price of €13,107/ac according to the Irish Farmers Journal Land Report, highlighting the strong demand for quality land with turnkey accommodation in the region.
