A 120-acre residential farm in Laois netted a cool €1.34 million at an online auction recently.
The farm in question was Avenue Farm in Camross and it was offered by Hennessy Auctioneers.
The guide price was €1.1 million and the farm was sold in one lot – bought by a local business/farming family.
Bidding opened at €700,000 and there were five rounds of bidding before it was placed on the market at €1.1 million.
Including the house, the entire entity sold for an average of €11,160 per acre
This mature Residential Farm Holding consists of circa 120 acres including 15 acres of mature forestry.
The land is presently in grassland production. The land is laid out in nice sized fields and the farm has a central road way leading from the farmyard into the middle of the lands.
Fencing and water is laid on throughout. The typography of the land is described as rolling fields, gentle rises and gentle low lying parcels.
The lands can lend itself to extensive grazing, silage cutting, tillage use or possible equestrian pursuits.
The farm throughout has extensive mature hedging and trees which has been well maintained over the years. The 15 acres of forestry is at a stage at which thinning can be extracted.
It is ideal for future EU emission requirements i.e., Carbon Sequestration. There is approx. €14,000 worth of entitlements with this farm. (Subject to CAP review 2023).
The storey and a half old world style farmhouse property is approached by a sheltered tree lined avenue with rolling lawns.
It was originally built in the 1820s and has been extended and renovated over the years.
The accommodation comprises on the ground floor of a generous entrance hall, drawing room, sitting room, kitchen, bedroom, bathroom and back porch and the first floor contains one bedroom.
It is set within a farmyard setting which contains many old style outbuildings in good condition and 4-span modern slatted shed (accommodation for approx 80 cattle).