War, inflation, rising input costs and the recent surge in Covid numbers are not impacting the uptrend in land prices.
At a recent auction, Anne Carton of PN O’Gorman saw a 29ac non-residential interest in Tintine, Co. Kilkenny beat its benchmark by a whopping €9,000/ac.
It was sold for over €21,000/ac, which is €610,000.
Located 1.2 miles from Rower and 4 miles north of New Ross, the operation is dual fronted and mixed use with 7.5 ac grass, 18 ac stubble and 3.6 ac mature woodland.
Under the direction of Ms. Carton, the tender was opened with €300,000. The price moved quickly and the property was put on the market for €600,000 before being sold to a local farmer.
37ac Brittas Bay package makes €15,000/ac
In Co Wicklow, a 37 ac farmland overlooking the Three Mile Water coast, Brittas Bay exceeded its guide by 50 per cent and yielded €555,000 or €15,000/ac.
The farm is situated 1 km from Brittas Bay and 6 km from the town of Wicklow and is divided into three sections of gently sloping, free-draining terrain.
It has 400m of frontage and views of the sea and Magheramore Beach.
The auction started when CD Auctioneers’ Eamonn O’Donovan accepted a bid of €275,000. Four bidders entered the field and after lively competition the place went on the market for 425,000 euros.
A business couple won the day while the underbidder was a local farmer.
Land in Laois rises above target price
Auctioneer Matt Dunne needed no divine intervention when a number of lively customers turned up to buy the 42.5 ac residential farm of the late and famous Laois fortune teller John Rafter.
The property sold for €582,000, exceeding its benchmark by €127,000.
The property at Coolnacartan, Mountrath, 8km from Portlaoise, was sold in lots, the first being an unoccupied cottage and a small farm at 9ac.
Three bidders showed cause when it opened at €150,000 and held at €190,000.
Right next to it, a package of 7.75 ac arable land was offered by two customers for €65,000.
The third lot consisted of 27.75 ac of arable or pasture land. It opened at €200,000 and three customers took it to €275,000 where it held.
Mr. Dunne then introduced the whole thing, which was not firing adequately, so he returned to the plots.
He combined the first and second to include the house and yard at 16.75ac. It was launched for €275,000 and sold for €282,000.
Valued at 27.75 AC, the piece was bid between €275,000 and €300,000 where it was sold to Ballyroan equestrian buyers and outbid a local farmer.
Mixed quality 95ac Limerick farm makes €520,000
A 95 ac non-residential farm of mixed quality land in Ballyashea, Kildimo, Co Limerick was recently auctioned for €520,000, exceeding the €500,000 reserve.
The hybrid auction, conducted by GVM’s Tom Crosse, opened bids at €400,000.
With two competing bidders, the price rose in increments of €10,000 before a local dairy farmer won.
The land contains some good fields and a large section in overgrowth.
https://www.independent.ie/business/farming/farm-property/kilkenny-farm-makes-21000ac-as-land-prices-continue-to-climb-41494261.html Kilkenny Farm earns €21,000/ac as land prices continue to rise