A 118ac residential farm located 8km from Mullingar and close to the N4 road sold at public and online auction on Thursday, 12 December. James L Murtagh and Tormey Auctioneers were joint agents for the property and they guided it in the region of €1.1m.

Bidding opened at €690,000 for Lot 1, consisting of the house, a yard and 80ac and it went no further. Lot 2, 38ac and a yard, opened and stayed at €275,000. Bids in excess of €925,000 were sought for Lot 3, the entire and from here the auctioneers reported that the auction took off and it swiftly reached €1.37m before a recess was taken to consult the vendors.

Following this it was put on the market and the hammer finally fell at €1.45m. This equates to €12,288/ac. The property was purchased by a businessman with farming interests. The auctioneers reported a lot of enquiries with a view to converting the farm to dairy.