As we come into the back-end of the year, the auction season gets back into full swing with more land coming to the market again.
It is not just the larger parcels that stir interest however, with smaller parcels also being keenly contested by local farmers.
The auction
One such parcel came to auction last week, with six serious bidders driving up the price for a 19.5 acre residential parcel in Laois.
Bidding opened on the day at €200,000 with lively bidding ensuring the guide price of €250,000 was quickly passed.
The bidding didn’t stop here and continued to climb until it reached €366,000 – an average price of €18,769/ac. A local farmer is believed to have purchased the property.
The land
The land surrounds the residence that is on the farm. A tree-lined entrance leads up to the house which is in a derelict state and in need of complete renovation.
A replacement house may be a more appealing option, subject to the relevant planning permission being secured.
The land itself has been leased out for the past number of years.
It is laid out in four divisions, the majority of which is in pasture, with one of the fields currently in barley.
There is also a series of old outhouses and sheds in place on the farm including a three-span hay shed with a lean-to.
Joe Mc Donnell, Athy handled the sale of the property.
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As we come into the back-end of the year, the auction season gets back into full swing with more land coming to the market again.
It is not just the larger parcels that stir interest however, with smaller parcels also being keenly contested by local farmers.
The auction
One such parcel came to auction last week, with six serious bidders driving up the price for a 19.5 acre residential parcel in Laois.
Bidding opened on the day at €200,000 with lively bidding ensuring the guide price of €250,000 was quickly passed.
The bidding didn’t stop here and continued to climb until it reached €366,000 – an average price of €18,769/ac. A local farmer is believed to have purchased the property.
The land
The land surrounds the residence that is on the farm. A tree-lined entrance leads up to the house which is in a derelict state and in need of complete renovation.
A replacement house may be a more appealing option, subject to the relevant planning permission being secured.
The land itself has been leased out for the past number of years.
It is laid out in four divisions, the majority of which is in pasture, with one of the fields currently in barley.
There is also a series of old outhouses and sheds in place on the farm including a three-span hay shed with a lean-to.
Joe Mc Donnell, Athy handled the sale of the property.
Read More
Five offers for 700ac Roscommon farm
The plight of noxious weeds on Irish farms
SHARING OPTIONS