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01 Dec 2021

Sale of Heynestown farm sets new high in land value in Louth

Huge interest in property

Sale of Heynestown farm sets new high in land value in Louth

Sale of Heynestown farm sets new high in land value in Louth

An 80-acre residential farm in Heynestown in Co Louth, set a new high in land value, when it was sold yesterday, at an overall sale price of €1,377,000.

The entire farm of the late TJ Lavelle, Heynestown, sold for over €17,000 per acre, in 4 separate lots.

Michael Lavelle Estate Agents reported a very strong turnout for the sale by public auction of the farm.

Commenting on the farm at the auction, auctioneer Joanne Lavelle said:

'This is a great reflection on the excellent land in County Louth. A farm of this quality is rare, but local demand is very strong'

The four lots sold as:

Lot 1 – The farmhouse with yards and over 40 acres of dry lands – sold for €800,000.

Lot 2 – A three division holding of lands with road frontage, sold for €290,000

Lot 3 – 8.7 acres of zoned land sold for €152,000

Lot 4 – Six-acre field with future potential sold for €95,000

Michael Lavelle Estate Agents will hold an auction of farm equipment and machinery at Heynestown on Saturday 2 September at 2pm.

For more details, contact 042-9332482, email: info@lavelles.ie or check out www.lavelles.ie

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