There has been a major increase in Offaly land values

Justin Kelly


Justin Kelly


farm land

According to the latest Agricultural Land Pirce Report, the average price of land in Offaly has jumped by 29% in the last twelve months. A number of strong prices ranging from €11,000 to €15,000 per acre were at play in the increase in prices. Most of the sites were small, high-quality pieces of land situated around Geashill, Killeigh and Kilcormac. 

The average price of land last year was €9,557/acre, a big increase on the 2015 figure of €7,436. Prices ranged from a small parcel near Clara that went for €5,000/acre to a top price of €15,800/acre paid for a 26.5-acre site of top quality ground at Lackamore, Geashill, which was sold at auction for €420,000.

Some of the other farms and sites sold at auction include 45.7 acres near Ballinagar that sold under the hammer for €425,000, or €9,300 per acre; a 71.5 residential holding sold for €5,035 per acre (€360,000); 17.4 acres of land at Ballykeane near Geashill which sold for €180,000 (€10,300/acre); and a huge 79-acre residential farm at Mile Tree House, Birr, which went for just shy of €1 million (€998,000) or €12,600 per acre.

The supply of land to the market in Offaly fell from 2,794 acres in 2015 to 2,160 acres last year, amounting to a 22.7% drop. Two of the bigger holdings on the market included the 285-acre Milltown Park estate which is believed to have sold in a private deal and a 176.6-acre residential farm at Cloncarbon near Birr, which was brought to the market by private treaty. Of the 28 completed sales, 12 farms made €10,000 per acre or more. 

SEE ALSO: SOLD! The most expensive property in Offaly is now off the market

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