A small land holding near Clonmel, Co Tipperary sold at auction for close to €31,000/ac. The c13.42ac at Monroe, Lisronagh, was sold by PF Quirke and Co.

The land was good quality grassland with dual frontage on a local road. The holding has a derelict single-storey residence.

Interest was good prior to the auction, auctioneer Pat Quirke said. Bidding opened at €230,000 and after 29 bids, from four bidders, the hammer dropped at €410,000, or close to €31,000 per acre. The guide price was €300,000.

Farming Connections

In Co Donegal, Sean Furey Auctioneers got €470,000 for a 16.6ac holding at Castleqarter, Fahan in an online auction. “Six people registered to take part and on the day there were four active bidders,” said auctioneer Dara Furey. “All were locals with farming connections.” The selling price equals €28,313/ac.

A 113ac farm in Co Wicklow, with two houses, sold at auction for a total of €2,995,000, in four lots. The price averaged €26,500/ac across the farm.

It was Coolboy Farm, outside Arklow and was sold by O’Brien Swaine Auctioneers. The farm is located just outside the town and included in the sale was a traditional farmhouse and a modern bungalow.

Two of the four lots sold on the day at the auction and the other two were sold later, after negotiations.

The lot with 65ac sold for approximately €24,500/ac. The lot of 40ac sold for €14,000/ac. Both were bought by local farmers. Prices were not revealed for the other two lots.

Lake frontage

Meanwhile, an c81.76ac farm in Co Limerick with lake frontage sold for €11,560/ac. The holding was at Ballycahane Upper, Manister and was sold by REA John Lee. The location is a 15 minute-drive from Limerick City and the land has frontage onto Lough Nagirra. Three bidders competed. One, online, opened the bidding at €600,000 and, after this, two bidders in the sales room competed. The farm went on the market at €925,000 and sold under the hammer at €945,000.

In Co Roscommon, Ivan Connaughton Auctioneers sold a c75ac holding in lots for a total of €444,000, or just under €6,000/ac. The property was in the area of Ballyglass. The three lots sold to three different buyers, two of them were locals while the third lot sold for forestry.

Connaughton Auctioneers also sold c23ac at Castleruby. The sale price was €190,000, or €8,260/ac, and the buyer was a local farmer.