A C. 7-are roadside holding in Lodgewood, Ferns, Enniscorthy, Co. Wexford was sold by public auction on Wednesday ( March 6th).
Some thirty people flocked to Quinn Property’s Carnew office.
The land was in one division with good road frontage, free draining soil and is currently in tillage but suitable for any agricultural use, according to David Quinn - Auctioneer.
Prior to the public auction, the auctioneer said given its road frontage and location it may be suitable for a residential site; the property was guided at €85,000 (€12,143 per acre).
A bid of €70,000 got proceedings underway and through the activity of four bidders, the property was declared on the market at €110,000.
Following this, a further bidder entered the fray. Ultimately, the hammer fell at €132,000 (€18,857/acre) with a neighbouring farmer making the highest bid.
“The strength of the land market”
Speaking after the auction, David Quinn described how “this sale highlights the strength of the land market, particularly for smaller parcels.”
He also noted the “strong demand for similar properties in the North Wexford area.”
Image source: Quinn Property