Recent days have seen good prices paid for farmland sold in online auctions.

On Friday last, GVM Property Tullamore sold 41ac of grassland at Derrycoffey, Croghan, Rhode, Co Offaly.

The property had been guided at €200,000, but sold in the online auction at €250,000.

Auctioneer Gordon Cobbe said that such was the interest that the bidding was completed and the land sold within 150 seconds of the auction opening.

The opening bid was €100,000. The land has a derelict cottage and road frontage.

Offaly farm

GVM also had a good result for its auction of another 148ac farm in Co Offaly.

This was located in divisions at Killeigh, Geashill and Ballinagar.

Having been guided at €950,000, the holding sold at €1.255m, in three lots.

Wicklow and Wexford

Quinn Property auctioned two properties in Wexford and Wicklow.

A 33ac residential holding at Killisk, the Ballagh, was offered in three lots and initially bid to €660,000 for all three.

There was no bid on the entire, so bidding resumed on the lots.

Lot 1 of 20ac was knocked down at €305,000 to a local tillage farmer.

Lot 2, the house on 3.5ac, was knocked down to a local buyer for €325,000.

Lot 3, which was 9.8ac, was knocked down to a local beef farmer for €105,000.

David Quinn said that the final total came to €735,000, which was equal to €22,250/ac.


Meanwhile, he is conducting active negotiations on the 36ac upland farm at Ballymaghroe, Knockananna, Co Wicklow.

It was offered at auction, but withdrawn at €180,000. Higher offers have since been made for the land, he said.

Raymond Potterton Auctioneers successfully auctioned a 69ac residential farm at Carolina, Cootehill, Co Cavan.

Bidding on the farm, which has lakeside frontage, opened at €400,000 and passed through the guide price of €450,000.

The farm was knocked down at €490,000. The farm was bought in trust and the buyer is understood to have farming interests.