AUCTION REPORT – Costelloe Estate Agents
‘Ballagh House’ set on 64 acres of prime limestone land lives up it’s billing, selling for €1.475 million!
Located in the parish of Quin, “dubbed” the golden vale of County Clare, Ballagh House and lands, exceeded all exceptions when selling at auction last Friday for €1.475 million.
Offered for auction by Costelloe Estate Agents, Ballagh House and Lands, provided one of the most competitive auctions in recent years.
With David Costelloe on the rostrum, the opening bid was €750,000. Within 10 minutes and a tennis match between two solicitors (acting on behalf of respective client), and 71 bids later the gavel fell at €1.475 million.
“land in the area rarely comes up. This farm featured a mid 19th Century house, in need of refurbishment but sat on over 64 acres of limestone land. With a road frontage of over 800 meters it was always going to attract strong interest. Whilst only two parties got to bid the speed of the bidding meant up to 3 other potential buyers didn’t get a chance” – Auctioneer David Costelloe –
Ballagh House features in Hugh Weir’s Houses of Clare book, and has an eye catching Venetian porch that came from Ballyline House.
The farm was bought in trust by local solicitor David Casey of John Casey & Co.
