Coonan Property Achieves Strong Land Prices from almost €20,000 to over €55,000 per Acre Across North Dublin and South Meath
Approx. 144 acres at Grange, The Naul, Co. Dublin – sells for €2,775,000
&
Approx. 43.4 acres with two residences at Piercetown, Dunboyne, Co. Meath (in lots) – sells for €2,420,000
Coonan Property sold approx. 144 acres (58.27 ha) at Grange, The Naul, Co. Dubin for €2,775,000 and approx. 43.4 acres (17.56 ha) including two residences at Piercetown, Dunboyne, Co. Meath (in lots) for a total of €2,420,000 at Public Auction on Wednesday 22nd October at the Dunboyne Castle Hotel, Dunboyne.
The properties were offered to a packed room with lands at Grange going up for sale first. Bidding opened for this prime farmland at €2 million with the bidders bringing it to €2,725,000 before the auction broke for an instruction from the vendor. Following the interval, the farm was placed on the market and bidding increased to €2,775,000 and was knocked down to a local businessman. This sale price equates to a price per acre value of just under €20,000 per acre.
Following a short interval, the lots at Piercetown, Dunboyne, Co. Meath were offered to the room. These properties garnered significant interest and brisk, competitive bidding ensued. Bidding for Lot 1 – Black Bull House on approx. 11.8 acres started at €400,000 and was quickly placed on the market at €480,000 and subsequently sold for €795,000 to a local agent acting on behalf of a client. Lot 2 – derelict residence on approx. 8.7 acres opened at €200,000 and was placed on the market at €400,000 and sold for €705,000, again to a local agent on behalf of a client. Lot 3 – approx. 12.94 acres quickly followed with bids starting at €250,000, the land was placed on the market at €300,000 and following the same trend as the previous lots was sold at €430,000 to a local agent once more. The final lot 4 – approx. 10 acres proved popular and was placed on the market at €250,000, following a flurry of bids it was then sold at €490,000 to a local landowner. Collectively, the sale price of all 4 lots equates to a price per acre value of over €55,000 per acre.
Will Coonan of Coonan Property commented that “We were delighted with the auction results for the 144 acres at Grange, The Naul, and the lots at Piercetown, Dunboyne,” said Will Coonan of Coonan Property. “Both properties generated strong interest due to the exceptional quality of the lands and their prime locations within Co. Dublin and Co. Meath. The high level of engagement throughout the marketing campaign and the outstanding prices achieved on the day clearly reflect the strength of demand for premium agricultural holdings in these areas.”
For further information please contact Will Coonan or Philip Byrne of Coonan Property, Maynooth at 01 628 6128 or email: info@coonan.com
