Agricultural land prices on the rise in New Ross
AGRICULTURAL land prices in the New Ross district are on the up with several parcels of land being snapped up recently at auction.
Anne Carton of PN O’Gorman said that they had overseen three very successful auctions in the past number of weeks.
‘ The recent Irish Farmers Journal Land Price report for 2017 is showing that land prices for 2018 are on the increase. We have had a number of successful auctions over the past three weeks which generated a lot of interest.’
A 62-acre non residential holding in Ballinvegga, New Ross which is situated adjacent to the N30. The lands were well laid out and were suitable for tillage and grazing and was offered for sale in four lots, one of which, a lot for 1.58 acres, was sold before auction.
The remaining three lots were sold, following strong local interest, to a neighbouring farmer for €610,000.
A 48.7 acre non residential parcel of land at Whitechurch, New Ross which is located within minutes of the R733 was also sold to local farmers.
The lands which were in two divisions had excellent frontage onto three roads and in permanent pasture generated strong interest and was sold to local farmers for €600,000.
The final lot, 29.6 acres at Ballalog, Tullogher, was offered in three lots and following negotiations post auction all lots were sold to two local farmers. The guide for this was €7,000 per acre.
Further land sales being handled by P N O’Gorman include a 29.6 acre non-residential holding at Ballilogue, The Rower, Co. Kilkenny which is being auctioned off on Wednesday, April 11, with a guide price of €240,000.
Ms Carton said: ‘figures achieved so far this year augur well for land prices and are certainly showing an increase on the published 2017 levels.’