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THE suburbanisation of Kildare and Meath continued apace last year as an increasing number of farms were sold to investors for re-development as residential estates Local agent Coonan Real Estate is reporting that it sold 16 farms comprising over 1200 acres in 2005. The majority of these were in Kildare and Meath with a smaller number sold in Westmeath and Offaly. Only 20% of these farms were sold to farmers with the remaining 80% being purchased by a wide range of investors and developers.
In farms of less than 100 acres, the average price was 36,500 per acre with a top price of 67,500 per acre, while in farms over 100 acres, the average price was 19,000 per acre with a top price of 21,000 per acre.
The average price paid for farmland overall was 25,500 per acre which was for purely agricultural use.
The estate agents believe that strong demand for lands in areas within striking distance of the capital city will continue in 2006. With the opening of the new stretch of the M4 at Kinnegad, the areas west of Kilcock and Maynooth are likely to be of particular interest to buyers, as too will parcels of land in the 20- to 50-acre bracket in Kildare and Meath.
Coonan is kicking off the year by placing a 90-acre parcel of land at Johnstown in Naas on the market with a guide of 35m.
The property is in a residential area within commuting distance of the capital and within walking distance of Naas. Previous successful developments in the neighbourhood include Johnstown Manor and St. John's Wood.
The lands to the south of the site are zoned residential under Kildare's county development plan, is adjacent to the upgraded N7 and will be accessed via the new interchange into Johnstown, which is due to open later this month.
The property is for sale by Tender on Wednesday 1 March 2006.
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YOU ARE HERE: 19 March 2007 / tribune.ie / 2006 / 01 / 22
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