Kinsella Estates had the privillage of bringing 48.48 acres of prime holding at Ballybuckley, Bree, Enniscorthy, Co. Wexford under the hammer last week.
The land is located less than 1km from Bree and 5.1km from Enniscorthy, across from Wilton House, with 0.3km of road frontage. Given the high quality of the land, and its suitability to any farming enterprise, a high level of demand was expected.
The auction, which took place at the Riverside Hotel in Enniscorthy last Friday December 16th, was widely marketed beforehand and it was certainly well attended. The lands were offered in one or two lots in advance of the auction but intensive, competitive bidding on the day ensured that the entire holding went in one lot.
The bidding opened at €350,000 and strong interest in the room meant we received no fewer than 64 bids!
Kinsella Estates auctioneer Michael Kehoe decreed the land to be sold to the highest bid at €662,000,which is over €13,500 per acre. It was a great result for the seller and for the stellar Kinsella Estates team this close to the holidays.
It takes strong local knowledge, market expertise and relationships within the community to sell agricultural lands – this is where Kinsella Estates can help you. We understand the market and know the value of land and property locally, more importantly, our marketing expertise will attract the right buyers in order to achieve the best price for you.
For specific queries or to speak with a local property expert about your buying and selling needs in Wexford, Wicklow and surrounding areas, contact Michael, Alan or Eileen Kinsella at kinsellaestates.ie . Alternatively, you can email me directly on email@example.com or telephone : +353 53 94 21718 to arrange a viewing.
Market Updates on Monday, December 19, 2016 in News