Home Sponsored Local land and dwellings capture big price at public auction

Local land and dwellings capture big price at public auction

Hennessy Auctioneers and Valuers dropped the hammer on C. 17 acres of land and two disused houses recently in Roskelton, Mountrath.

The auction was on behalf of the late Tomas Mulhall, and took place in O’Loughlins Hotel were there was a large crowd in attendance.

The holding was offered to the bidders in four lots, and after three rounds of bidding the properties were sold for a combined €359,000.

The first lot that was put up for auctions was the three-bedroom bungalow on C. 2.2 acres of land.

Measured at 1000 sq.ft. and in need of total renovation, the bidding opened strongly, and it continued in that fashion until finally being sold for €145,000.

The second was an old disused cottage on C. 1.6 acres which a planning restriction and in need of major renovation, the cottage also gathered high interest and by sound of the hammer the property fetched an impressive €61,000.

Lot 3 was C. 7 acres of land which was covered in overgrown forestry and shrubbery but described as having good potential. That potential inspired a range of bidders, which resulted in the land making over €15,000 per acres, €108,000 in total.

Lastly, lot 4 contained C. 6.3 acres which was described as over grown and in need of clearing for future use. This lot made €45,000, just over €7,000 per acre.

After the auction, John Hennessy of Hennessy Auctioneers commented: “Nothing surprises me about land anymore, especially after today’s auction.

“It was great to see such strong local interest, with all the buyers coming from the locality.

“There had been huge interest from around the county, but I didn’t foresee this level of bidding taking place.”

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