Farm fetches €825,000 in tit-for-tat Tipp auction battle

LAND sales are continuing apace with good results up and down the country.

A 49ac residential farm with a traditional house and yard at Ballinahow, 2.5km from Tipperary town, sold for €825,000.

Located on the Galbally Road, the house is a two-storey farmhouse in good structural condition but in need of renovation and modernisation. The accommodation includes three bedrooms, a bathroom, a sitting room and a kitchen.

The yard includes a seven-column haybarn and double lean-to, and there is also a slated stone shed with a range of storage sheds suitable for a variety of uses.

The land is made up of prime grazing ground with plenty of road frontage and frontage on to the Arra River to the rear.

At auction, the farm was offered in lots and as an entire, and with both the various formations attracting interest, the respective customers fought it out to the end.

The house and sheds on 1ac, guided at between €100,000 and €120,000, was bid to €140,000 by two parties in the first round. A parcel of 48ac with road frontage and river frontage was bid to €490,000 by four bidders.

The entire opened at €650,000 and, with one bidder showing cause, the rest of the auction was a tit-for-tat battle between the lots and the entire. The property went on the market at €700,000 and, in its entire, sold for €825,000 to two local dairy farmers acting jointly.

At the other side of Tipp town, a 76ac residential farm at Gortnacorn Moneynaboula was sold after auction and believed to have made its guide of between €650,000 and €700,000.

Located 6.4km from the town, at the heart of the Glen of Aherlow, the land is described as excellent ground suitable for any farming enterprise, with plenty of road frontage and frontage on the Aherlow River.

The house is a substantial five-bedroom farmhouse approached by a tree-lined avenue. It hasn’t been lived in for 10 to 12 years and is in need of extensive refurbishment work.

At auction, the place failed to achieve a bid, but two customers showed interest after the auction and the place sold for its guide to a local contractor/dairy farmer.

Tipperary auctioneer Matt Ryan withdrew The two-storey farmhouse at Ballinahow a 32ac residential farm located within the urban boundary of the town after it was bid to €355,000 by two bidders.

Located five minutes from the centre of Tipperary, the ground is made up of quality lands that are currently in grass. The residence is a three-bedroom house with a workshop and a pit.

The property was zoned residential in a previous development plan, but is currently zoned agricultural.

At auction, the holding was offered in lots and as an entire, with one lot comprised of 31ac guided at €15,000/ac, the second made up of the residence and workshop on 1ac guided at €150,000. Negotiations are on-going.