Edgeworthstown farm sells for €500,000

Edgeworthstown farm sells for €500,000

A 64 acre residential farm in Edgeworthstown changed hands for €500,000 last week.

Purchasers  Richard and Lesley Denniston from Ardagh  struggled to hide back their excitement when the hammer eventually came down on what was described as one of the most “eagerly awaited” sales of the year.

Not surprisingly the venue, an upstairs room in the Longford Arms Hotel was full to capacity as proceedings got underway last Friday afternoon.

Before business commenced interested observers were treated to an eye catching slide show of the respective residence, showing both interior and exterior images of the three bedroom property and its surrounds.

John Farrell of local auctioneering firm Farrell Bros, heighetened the suspense further as he addressed the floor.

  “Ladies and gentleman, I am delighted to present to you one of the most eagerly awaited sales of the year, a orime residential  holding,” he said.

The Longford town based auctioneer also alluded to the property's strategic location along the N4 and its endless potential as a family home or property investment.

“A residence of style and distinction this property ticks all the right boxes,” he said.

“With that, I have had my say, now it is time to have yours.”

For all his efforts, it was a rallying cry that failed to extract an immediate response from the floor.

“Do I have an opening bid of €450,000?”

Given the apparent unwillingness of prospective suitors to start at that six figure sum, the bidding eventually opened at some €150,000 below that request.

 “Your going to make me work for it,” Mr Farrell jokingly opined to those watching on.

“I don't mind where we start, it's where we finish that counts.”

Ultimately, the finish came around half an hour later with Mr Farrell eventually bringing the hammer down on proceedings at the €500,000 mark.