‘Monamolin site with potential for development sold for well above guide price to Wexford resident’. Gorey Guardian. 31/05/23.

A 2.7 acre holding with good road frontage in Monamolin recently sold at auction for a very strong price of almost €28,000 per acre.

Garrydaniel, Monamolin was marketed as a site of great quality farming land with good road frontage and the potential for development. At an online auction on May 26, the property sold for well above the guide price of €45,000 in advance of auction.

Jack Quinn of selling agent Quinn Property said there had been “several expressions of interest since the launch of the property” which translated into a number of “registered bidders” by the date of the auction. The property was guided at €45,000 in advance of auction.

The site’s many appealing features likely attracted this great interest. In the listing, it was noted that the land has good road frontage and is situated in an area of excellent quality farming land. This property may have planning potential (S.T.P.P.) and an approved percolation test has been carried out on the land. The Monamolin site also has an attractive location, located 1 k.m. from Monamolin, 8 k.m. from Kilmuckridge and just a short drive to Gorey town and all of the services it offers.

The auction began with an opening bid of €30,000. Following brisk bidding and with the property at €75,000 auctioneer David Quinn called a break to take client instructions. Upon his return to the auction room, Mr Quinn declared the property “on the market”. With no further bids forthcoming, the c. 2.7 acre holding was sold for €75,000 to a local individual.

“We are delighted to have achieved such a strong price for our client. The sales price was well above the guide price and equates to almost €28,000 per acre,” said David Quinn of Quinn Property.

This article was written by Amy Lewis and can be accessed here.