A 145ac dairy farm with old farmhouse at Springvalley, Summerhill, Co Meath, made €2.875m when sold at auction by Sherry FitzGerald Brady O’Flaherty. The guide price was €2.5m.
The farm was first offered in lots but most interest was for the entire. It opened at €2.1m with three parties bidding and went on the market at €2.55m.
A further 12 bids were made and the hammer fell to a local businessman with a tillage operation. The next bidder was another tillage farmer. The price – including the house which needs renovation – equalled €19,827/ac.
“This superb farm attracted significant interest,” auctioneer Eamon O’ Flaherty said. “Interestingly, while several dairy farmers viewed the farm, none bid on the day, with the bidding coming from the non-farming sector and tillage.”
Nine bidders registered for the auction of 19ac of mixed land at Kilmurry, Co Clare by GVM Auctioneers.
It sold in lots for a total of €290,000 or 15,263/ac.
“Hobby farmers are now serious contenders in the marketplace and as a result small parcels of well-located land, like this holding, will always sell well,” said auctioneer Tom Crosse.
In Tipperary, Shee & Hawe sold 23ac with a residence at Castletown, Carrick-on-Suir in one lot for €900,000. In early bidding, the entire went to €790,000. Lots were then offered but when the entire was offered again there was active bidding and the property was knocked down to an adjoining landowner.
“The final result was ahead of expectations,” auctioneer David Shee said. “When we exclude the value of the residence, the land made approximately €32,000/ac.”
In Co Westmeath, Murtagh Bros sold 30ac at Ballyhast, Castletowngeoghan, for €222,000 by online auction. Another lot of 17ac at Ballyhast sold prior to auction.
In Co Wexford, Quinn Property sold 22.5ac at Salville, Enniscorthy for €120,000.
This holding is bounded on one side by a main road and on the other by a river. The auctioneer sold a 1,520ac hill property at Aughrim, Co Wicklow, prior to auction.