Land outside Dundalk sells for €17,000 an acre

Land prices in Louth continue to hold strong with the news that c 33.3 acres of land, including derelict house and yard at Rogan’s bend, Kilkerley, sold for €595,000 last week.

The property had generated a lot of interest among farmers from near and far during the summer, with some bidders travelling from overseas on the day of the auction, in the hope of securing the property.

This was an unusual proposition, with 32 acres given to land in three adjacent divisions, and the remaining acre occupied by a derelict house – which would have been a beauty in its day, plus a yard with an array of traditional stone-built cattle sheds, and haybarn.

On the day, bidding was strong and the entire sold in one lot at a final price of €595,000 or almost €17,900 per acre.

Auctioneer Joanne Lavelle, of Michael Lavelle Estate Agents, commented: “This result demonstrates that Louth continues to command strong land values, in spite of a difficult summer for farmers.”