A 44.6ac block of good Wexford land has sold at auction for just over €23,000/ac. The property is at Ballinruane, close to the village of Ballycullane and it was sold by PN O’Gorman.

The holding is in one block and divided into five main fields. The land is in permanent pasture with a water supply laid on throughout the fields.

The bidding opened at €600,000. Two individuals then took the bidding to €1,010,000, at which point it was declared on the market. After some further bids the land was sold for €1,050,000. The guide price had been €16,000/ac to €18,000/ac.

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The successful bidder was a local dairy farmer.

“This result shows the continued and sustained demand for quality parcels of land in the 30ac to 50ac range,” auctioneer Ann Carton said.

The auction took place in the Horse & Hound, Ballinaboola, Co Wexford.