Sold September 2018 – Valuable C. 60.78 Acre Residential Holding For Sale By Public Auction On Friday 28th September 2018 At 3pm In The Loch Garman Arms Hotel, Gorey, Co. Wexford (In 1 Or More Lots) (Executor Sale).
There was a huge turnout of over 100 people at the auction of Ballinahorna, Ballycanew, Gorey, Co. Wexford. Bidding was brisk for all lots and prices far exceeded expectation. Speaking prior to the auction, auctioneer David Quinn noted the “strong interest in the property, particularly in the house on c. 3 acres”. To view more details on this property please click here.
Lot 1, the farmhouse on c. 3 acres had been guided at €80,000. Bidding started at €60,000 and with 6 bidders moved quickly to €192,000. After being put on the market, lot 1 was sold for €202,000.
Lot 2 comprised of c. 23.5 acres. Bidding opened at €80,000 and it was declared on the market at €160,000. It was sold to an adjoining farmer at €205,000. There was 4 separate bidders for this lot.
Lot 3 comprised of c. 34 acres and started at €150,000 with 5 separate bidders. It was declared on the market at €250,000 and sold under the hammer for €295,000.
The overall guide for the farm had been €400,000-€450,000. The total price achieved was €702,000 which was far in excess of the guide and shows the continuing strength of the land market in the Gorey area. Footage of the auction can be found on our Facebook page.
Our next auction takes place this Monday the 1st of October in the Woodenbridge Hotel, where we will bring two properties in Avoca to the market. Please click here for details.
No. 1 Independent Auction House in the South-East
Tel: 053 9480000
Ciprian Popescu on Friday, September 28, 2018 in Auction Reports