Long­ford farm makes €8,500/ac

Irish Independent - Farming - - PROPERTY - JIM O’BRIEN

A 27-ACRE res­i­den­tial farm in Long­ford was re­cently sold in lots by Murtagh Bros, mak­ing €232,000.

Lo­cated 2km west of New­town­forbes and 7km from Long­ford Town, the hold­ing in­cludes a derelict res­i­dence, a wide range of farm build­ings and has ex­cel­lent road frontage.

The house is an early ex­am­ple of the type of ru­ral bun­ga­low built be­tween the 1960s and the 1980s. Struc­turally sound, it needs ren­o­va­tion.

The yard is made up of a range of old sheds, in­clud­ing a two-col­umn hay barn with lean-tos at ei­ther side, while the land is in a se­ries of fields fenced with ma­ture hedgerow with plenty of road frontage.

In the first round of bid­ding, the res­i­dence on c.5.5ac opened at €40,000 and rose to €87,000. The sec­ond lot of c.7.5ac opened at €30,000 and was bid to €57,000, while a 14ac piece opened at €50,000 and was bid to €75,000.

There was no in­ter­est in the en­tire as a sin­gle lot and in a sec­ond round of bid­ding, the first lot in­creased to €92,000, the sec­ond ris­ing to €63,000 and the third to €79,000.

Af­ter dis­cus­sion with the ven­dors, the lots were placed on the mar­ket where the first par­cel sold at €92,000. The sec­ond in­creased marginally to sell at €65,000 and the third re­mained un­changed to sell at €79,000. The prop­erty sold to lo­cal bid­ders.

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