An 83-acre farm near Hacketstown in Co Carlow was one of the latest holdings sold at an online auction by Gorey-based QUINN PROPERTY on October 11.
The farm is in the townland of Knocknagilly. With a guide price of between €6,000 and €8,000 per acre, it was a tempting property for anyone needing additional acres and, with a derelict house and a bungalow included, it may have been a good option for those from the non-farming community too.
The public road divides the land into two lots of 47 and 36 acres. The larger lot contains the old dwellings and features some good quality pastures, while Lot 2 has more mixed-quality land with potential for improvement.
It was a hotly anticipated sale, according to David, with most of the interest coming from “local land owners and farmers across Carlow and South Wicklow”.
At the end of the opening rounds of bidding, it was the individual lots that were being favoured, fetching €400,000 (€8,500/acre) and €170,000 (€4,700/acre) respectively, while the overall holding achieved €590,000 €7,100/acre).
After Lot 2 went up to €200,000, the property was on the market. It was then that the interest in the entire holding surged and a final bid of €650,000 (€7,800/acre) sealed the deal at the upper end of expectations.
Afterward, David said that he was “extremely pleased to have secured a strong result at auction for this sizeable holding.”
This article was written by Conor Power and can be accessed here.