A well-known, charming country property in County Wexford sold at online auction for 17 per cent above the guide price, with the hammer dropping on €290,000.
‘The Weavers Haggard’, a five-bedroom detached residence located in Courtclough, The Ballagh, Enniscorthy, was described by auctioneers, Quinn Property, as “deceptively spacious”.
The property, which sits on a 4.5 acre site was built on the footprint of the original farmyard and outhouses and extends to over 250 sq m.
The property is five minutes drive from Blackwater village which has a range of amenities including a primary school, shops, church, pubs and restaurant. It’s also located just seven minutes from the Ballagh village which has a post office, convenience store and pub. Enniscorthy town is 15 minutes away while Wexford town is only 20 minutes drive.
The property was offered in three lots: Lot 1 – the residence on C. 0.5 acres; Lot 2 – C.3.9 acres, and Lot 3 – the entire property.
Property consultant Jack Quinn had guided Lot 1 at €200,000 and Lot 2 at €12,000 per acre in advance of the auction.
Commenting on the sale Mr Quinn said there was good interest in all the lots but particularly in its entirety. He also said several local farmers expressed an interest in Lot 2.
“On the day of the auction, Lot 1 reached €180,000 after the first round of bidding, while Lot 2 got as far as €60,000,” said Mr Quinn.
That meant the entire property, Lot 3, had to surpass the combined bid of €240,000 to remain as a viable option.
However, there was nothing to fear as Lot 3 opened with a prompt bid of €250,000 and quickly jumped up to €290,000 with strong competition between two active bidders.
After taking a short break for client instructions, the entire property (Lot 3) was declared “on the market” and with no additional bids forthcoming, the hammer fell at €290,000.
Speaking after the auction, Mr Quinn expressed satisfaction at the outcome and said he was “satisfied to have secured such a strong result for our clients”.
“The property sold for 17% above the guide price with five active bidders across all the lots on offer”,” he said.
This article was written by Brendan Keane and can be accessed here.