Agricultural Land Sells For €11,000/Acre Co. Mayo

Public Auction Report: 23 Ac. Agricultural Property Located at Currabaggan, (Corraveggaun) Knockmore, Co Mayo. (Executor’s Sale).

A 23 Acre Residential Farm was sold in lots by Public Auction on Thursday 6th June 2019 in The Merry Monk, Ballina by DNG Michael Boland.

Some of the agricultural land achieved €11,000 / ac..  This land price far exceeds the €6,000 / ac. as quoted by the Farmer’s Journal recent price guide index for Co. Mayo land.

Auctioneer Michael Boland was keen to stress that the prices achieved reflected both the quality and accessibility of the lands.

The agricultural property was eventually sold in three lots.  All of which were all acquired by locals:

Lot 1:- Cottage (in need of refurbishment) with 12 Acres (6 Ac. excellent quality land) – €106,000. 

Lot 2:- 5.8 Acres top quality farm land – €64,000.

Lot 3 :- 2.6 Acres top quality land – €26,000.

The total amount achieved (€196,000) far exceeded the guide price of €150,000.

 

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