HAVING originally set a guide price of around €6,000 per acre, auctioneer David Quinn predicted that an 81-acre farm in Ballykility Lower, Inch, Gorey, would have no problem breaking the €500,000 mark when it went under the hammer recently. How right he was. By the time bidding ceased, the land had managed to raise an impressive €1,020,000.
The land is located near the Wexford/Wicklow border, a short distance from the R772, 1km from Scarnagh Junction, 2km from Coolgreaney, 4km from Castletown and 6km from Arklow.
Describing it as “one of the most anticipated auctions in the South East for some time”, Mr Quinn said the substantial size of the holding made it an incredibly attractive proposition and that at the start of the auction, there were a total of 13 registered bidders. an eye on the procedures.
Today’s auction opened at €400,000 and with five active bidders it quickly jumped to €680,000. After taking instructions from the client, the property was then declared “on the market”. Three of the bidders remained active before the hammer finally fell to €1,020,000, with a family of local dairy farmers becoming the winning bidder.