Home News Farming 27 acres of farm land in Clough, Ballacolla, sells for over €400,000

27 acres of farm land in Clough, Ballacolla, sells for over €400,000

A 27-acre parcel of “prime agricultural land” in Clough, Ballacolla, sold for over €400,000 at auction last week.

The land, which was handled by Hennessy Auctioneers, generated considerable interest and was put up for sale at a public auction in the Abbeyleix Manor Hotel.

Complying with all Covid-19 restrictions, the auction was attended by a number of interested parties.

Located half a mile from Clough village, it was offered for sale in two lots – of 13 and 14 acres, both with generous road frontage.

It was withdrawn at €170,000 on each lot and negotiated privately and sold afterwards on the day to the highest bidder.

The sale included a circa one acre piece of ground on Lot 2 which sold separately.

The buyers were two local business men and a solicitor acting in trust.

Auctioneer John Hennessy confirmed that the total sale was over €400,000, meaning it was almost €15,000 an acre – well above the average sale of €11,523 recorded in Laois in 2019.

The national average in 2019 was €8,971.

SEE ALSO – Check out the dedicated property section on LaoisToday

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Steven Miller is owner and managing editor of LaoisToday.ie. From Laois, Steven studied Journalism in DCU and has 14 years experience in the media, almost 10 of those in an editorial role. Husband of Emily, father of William and Lillian, he's happiest when he's telling stories or kicking a point.