logo
61-acre Wexford farm guiding at €16k-€18k/acre at online auction

61-acre Wexford farm guiding at €16k-€18k/acre at online auction

Irish Examiner21-07-2025
Coming up for public online auction on Friday, August 29, is a 61-acre farm at Scarawalsh, Ferns, Co Wexford.
The significant acreage on offer will already provide a strong incentive for bidders to put their hands up on the day. The sale is being handled by Gorey-based auctioneers Quinn Property.
'We're delighted to introduce this valuable parcel of land to the market,' said selling agent David Quinn. 'It's only 4km from Ferns and just over 1km to the Scarawalsh Roundabout, which gives access to the N30 and the N80.'
Part of the property has frontage onto the R772, and it is presented in two lots, separated by a field.
'This land is in an area of strong agricultural production,' said David.
Selling agent David Quinn said the 'land quality is excellent, with free-draining soils that are suited to most agricultural activities.'
'Tillage and grassland are predominant around here, and this land quality is excellent, with free-draining soils that are suited to most agricultural activities.'
Lot 1 consists of 11 acres fronting onto the R772, with a derelict farmhouse and outbuildings. The latter includes a four-bay round roof shed with two lean-to buildings, an open silage pit, concrete yard, cattle crush and dungstead.
Lot 2 is 50 acres of top-quality land.
Lot 3 is the entire property.
The farm is convenient to a number of other major towns in the area, and the price guide is €16,000 to €18,000/acre.
Read More
58-acre South Wicklow farm snapped up pre-auction
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

How to build wealth in Ireland: Save and invest in your 20s and 30s
How to build wealth in Ireland: Save and invest in your 20s and 30s

Irish Times

time2 hours ago

  • Irish Times

How to build wealth in Ireland: Save and invest in your 20s and 30s

When Teresa Bruen and Brian Redmond were aged 24 and 25 respectively, they bought their first home – an old house in need of a lot of love outside Gorey, Co Wexford – for €195,000. At the time, they had a combined income of €55,000, with Redmond working as a teacher and Bruen an apprentice financial adviser. They lived with Redmond's mother at her home in Wicklow and paid rent, and on top of this, he commuted daily to his teaching job in Castleknock, Dublin. But with no family help towards the house purchase, how did they do it? 'We just saved anything we could from the start of 2019, and we didn't have help from anyone,' says Bruen. 'I know people hate when we tell them don't go out for a coffee or go away for a holiday if you want to save, but that's what we did. We had a hard 12 months or so of saving the guts of €2,000 a month, and our wages weren't great so with the exception of whatever we needed to eat, we saved everything. And that's how we got there. In June 2020 we bought our first home.' READ MORE Bruen, now aged 30, and a financial planning consultant, and Redmond, 31, have a two-year-old and live in a larger home in Gorey having sold their first house in May for €316,000, a profit of €121,000. They have since bought again in the same area for €500,000. 'At the time we had friends telling us to live our lives a bit more, but we had our goals and that was to get a house and then enjoy a holiday. Now these friends are at the stage we were at back in 2019 and saving to buy something that might not be achieved until they are 40.' [ Budget 2026: What will it mean for the average earner in Ireland? Opens in new window ] Are the couple, who have now shifted their financial energies towards pension pots, a good example of an age group primed for a lifetime of secure financial planning, or is there hope for people only beginning to address such matters in their 40s and even 50s? Is there a right age and time for financial planning? While research shows young people are much better at saving these days – the Growing Up In Ireland study of 25-year-olds, published in March, found two-thirds save regularly – this money is not ending up in investments or pensions. How to manage your pension in these volatile times Listen | 37:00 The Life Insurance Association (LIA), which specialises in education and development of financial advice and planning professionals, shared research that same month that found that 42 per cent of young adults – ages 18-34 – do not have a pension. This, according to some financial experts, is a wasted opportunity, particularly for thirtysomethings who by properly mapping out and planning their financial futures, could make life very comfortable in the decades that follow. 'The most valuable asset you have in your 30s isn't your job title, your property or your savings account, but time. When you invest early, time will do the heavy lifting,' says Robert Whelan of Rockwell Financial, a Dublin-based financial management firm. 'This is the essence of compounding: small amounts, invested consistently and allowed to grow, can become something meaningful.' To drive home his point, Whelan presents two examples – a person who starts saving in their 30s for 10 years, stops and never contributes again, compared with another who starts saving in their 40s for 20 years. Both save €3,000 a year and achieve a 7 per cent return on their investments, but there is one clear winner. 'By the age of 60, the early saver ends up with €151,000, while the 20-year saver from the age of 40, ends up with €122,000,' he says. 'Let that sink in: the early saver ends up with €29,000 more, even though they contributed €30,000 less overall. The difference was time, because those early contributions had two extra decades to grow.' [ How to get children saving early – and why prize bonds aren't the answer Opens in new window ] Time is something Whelan values given his own brush with missed savings, pension contributions and compounding. 'In 2008, when the financial crisis hit, I was 31, and like so many others, I took a significant salary cut just to stay employed,' he says. 'A few years later, at 35, I was made redundant, so I started a business at yet another pay cut. This meant, for nearly a decade, I didn't go back to my 2008 salary level because I was focused on survival. 'It's why I can relate to those in their 30s now who are worried about the effect of missing out on getting on the property ladder, as I know the real cost. It isn't just the money you didn't earn – it's the wealth you don't build. 'I meet a lot of clients between the ages of late 40s and early 50s, and the difference between those who managed to avoid the worst of the recession and their peers is significant. These were workers in tech or pharma, or sectors which weren't really affected by the downturn, and got wage rises when people were getting pay cuts, or bonuses when others were just happy to have a job. So if you have the opportunity to build on your wealth, you should do it.' But where you save, what access you need to funds and what returns you might get on those savings are just as important, says David Funcheon, a financial planner at Ask Acorn, a personal and business financial company in Galway. 'If somebody needs access to cash in the short term, which we define as three to five years, it should be in an on-demand deposit account, but if it's going to be longer, they should be saving into an account or a fund that's going to yield them a return equal to the risk you're willing to take to get that return,' he says. 'We have a serious amount of money being invested in traditional banks and current accounts and deposit accounts that are returning little to nothing. 'A lot of these accounts are returning 1-1.5 per cent, with inflation around 2 per cent, so the buying power is being significantly affected. If people can save in a facility – whether an equity-based fund or a managed fund through a life company set-up – then you can expect to get a return of 4.5-5 per cent over the medium to long term because the effect of inflation is negated by the rate of return. 'Saving in equity-based funds over traditional banks also has the benefit of gross return or 'gross roll-up', where the tax is applied on these funds every eight years, whereas traditional bank accounts are taxed on an annual basis. 'Someone in their mid-to-late 20s with the goal or expectation that they might be able to save €20,000 or €30,000 over a 10-year period could actually benefit from the compound gross roll-up year in, year out for eight years and then be taxed on that rather than on an annual basis.' You need to get your basics right – get a roof over your head, keep your debts low, and then move on to your investing But all is not lost for people in their 40s and 50s who want to enhance their pension funds now because some additional disposable income is finally available to them. 'I would be looking at how they are fulfilling their requirements in relation to the amount that they can save equal to the threshold of €115,000 based on their age,' says Funcheon. 'If someone in their 40s can save 20 or 25 per cent of their income – most people are probably saving on through pension return of about 6-8 per cent – there is huge scope to make up that difference through additional voluntary contributions [AVCs]. 'The benefit from that is the tax relief, because if they're earning over €44,000 a year, they're getting a 40 per cent return on it. So there's a huge advantage to doing it because it's then supplementing the retirement income.' Bruen's advice for people her own age and younger is to start saving immediately and be realistic about what you want in the short term before planning for the longer term. 'I think a lot of young people get caught up on TikTok and Instagram and come out with all these ideas around how to make money fast and invest in certain things like Bitcoin and stocks on Revolut, and these are not the places to be saving your money,' she says. 'If your goal is a house and you want to do that in the next five years, then you need to be looking at banks, at deposit accounts that offer cashbacks, then that's a good place to get started. You need to get your basics right – get a roof over your head, keep your debts low, and then move on to your investing.'

Revealed: How much you can add to the value of your home by enhancing its energy efficiency
Revealed: How much you can add to the value of your home by enhancing its energy efficiency

Irish Independent

time3 hours ago

  • Irish Independent

Revealed: How much you can add to the value of your home by enhancing its energy efficiency

New research has found that homes with a high Building Energy Rating (BER) are typically selling for €100,000 more than non-efficient homes, according to the ­Geowox Housing Market Report for the second quarter of this year. Homes with poor energy efficiency fetch a median price of €340,000, figures ­extracted by the Dublin-based data company from the State's Property Price Register show. However, energy-efficient homes achieved a median price of €441,000 – a €101,000 premium. To carry out the energy-based ­comparison, data experts excluded new homes to gain a more precise understanding of the energy-efficiency premium. Poorly insulated homes have a BER of C to G. Buyers are prepared to pay more for a home that has had work done to bring it up to a BER of A or B. A and B-rated homes achieve their rating with high levels of insulation and reduced reliance on oil, gas and coal for heating. Smart meters, solar panels and electric heat pumps are also features of those with the highest ratings. While these can be expensive features to install retrospectively, an analysis from the Sustainable Energy Association of Ireland (SEAI) puts the average cost of a deep retrofit well below €105,000. Sales prices across all categories of homes sold in the State rose by 9.5pc in the three months to June when compared with the same quarter last year. The typical, or median, price for an Irish home sold in the second quarter of this year reached €370,000 – a rise of €32,000 compared with the second three months of last year. Prices are calculated from all entries in the Irish residential property price register. A total of 11,734 homes were sold in the second quarter of the year – down 13.25pc compared with the same period last year. Out of the top 25 urban centres, Dublin city was the most expensive, at a median price of €560,000. Monaghan was the most affordable at €212,000. In Dublin city, prices in Eircode D06 – which includes Rathmines, Ranelagh and parts of Dartry – were highest at €800,000. The lowest was in D17 at €326,000. This area includes Coolock, Belcamp and Darndale. In the April to June period, just 2,674 new homes were sold, a fall of 4pc compared with the previous year. New homes had a median value of €437,000 – a €102,000 premium over the median for existing homes. Geowox's head of data, Marco Giardina, said: 'Median prices are steadily rising, while energy-efficient and new homes continue to command hefty premiums.' There was some good news on the ­housing front last week when figures showed that there was a rise in the number of new homes built in the second quarter of the year. There were 9,214 new dwelling completions across April, May and June this year, according to the Central Statistics Office. This is a rise of 35pc on the same three months last year.

Is this EU-US trade deal a good one for Ireland?
Is this EU-US trade deal a good one for Ireland?

RTÉ News​

time19 hours ago

  • RTÉ News​

Is this EU-US trade deal a good one for Ireland?

Yesterday the EU and US reached agreement on a framework deal that ends months of uncertainty and avoids a full-blown trade war between the two blocs. While there is still a lot to be ironed out, there's a decent level of detail that has been announced. What's included in the deal? It introduces a 15% import tariff on most EU goods being exported to the US, which is half the 30% rate US President Donald Trump had threatened. This baseline tariff will apply across the board, including for Europe's crucial car manufacturing sector, pharmaceuticals, and semiconductors. However, there will be no tariffs on aircraft and their components, some chemicals and generic drugs, certain agricultural products, and critical raw materials. As part of the agreement, the EU has also committed to buying around €640 billion worth of US energy products over the next three years. This will largely involve purchases of US liquefied natural gas (LNG), oil and nuclear fuels. While Brussels has also said it will spend at least €515 billion on American military equipment. It's unlikely the deal will go much beyond those sectors in terms of what the EU agrees to buy from the US. For example, it's not expected the EU will have to commit to allowing in and buying more US beef as part of the broader agreement. What are we still not sure about? Some important elements of this trade deal still have to be thrashed out, such as what it will mean for the EU's dairy and spirits sector. Dairy and especially spirits, make up a huge chunk of Ireland's near €2 billion in annual food and drink exports to the US, so from an Irish perspective clarity in this area will be crucial. Essentially, we don't know yet for example if Irish whiskey exports to America will be subject to a 15% tariff. If so, that will have significant financial implications for the many distilleries here that rely heavily on the US market. Some sectors are also calling for clarity on whether exports going from Northern Ireland (NI) to the US will be treated differently to Republic of Ireland (ROI) exports to the US. America and the UK agreed a trade deal in May that included a baseline 10% tariff on many goods exported to the US, and this agreement includes goods being exported from NI. However, the dairy industry has pointed out that it operates on an "all island basis" with integrated supply chains and cross-border trade in raw milk, ingredients, and finished products. It says that any divergence in tariff treatment between NI and ROI (for example 10% for NI and 15% for ROI) could create huge issues and added cost for processors and farmers. Who pays the tariff? This means American-based companies will have to pay an extra 15% in tax to the US government on any goods they buy from the EU. These companies can either choose to absorb some or all of the cost of this extra 15% themselves, get discounts from the EU supplier they are buying from to cover the increase, or add the cost onto the price of the product, which would mean US consumers end up paying more. Ultimately though, the Irish and EU companies selling into the US will likely take a hit with this deal. US firms buying their goods may look for discounted prices to cover the new tariff rate, while if their products end up being more expensive in US shops then sales could drop if American consumers decide they are too expensive. So, while EU companies will be impacted financially by the new tariffs, it's worth noting consumers here will not have to pay any more as a result. They would only need to start worrying about higher prices if the EU implemented reciprocal tariffs on US goods. But that's far more unlikely now we have a deal. Is this a good deal for Ireland and the EU? It depends on your perspective. Right away, it takes the threat of an escalating trade war off the table. This adds a degree of certainty for EU businesses that hasn't been there for months. While they were hoping for no tariffs, there was a lingering threat of 30% tariffs - which is now gone. And while there is now a 15% tariff, at least they can makes plans in a more stable economic environment. That's what proponents of the deal are brings much-needed certainty. There are obvious benefits for the bloc's carmakers. Before this agreement there was a 27.5% tariff on cars being exported from the EU to the US, which will drop by 12.5.%. The US has a €200 billion trade deficit with the EU (meaning America buys a lot more from the EU than the other way around). EU Commission President Ursula von der Leyen has accepted that deficit needs to be cut. "We have to rebalance it," she said. However, not everyone in the EU is happy. Eurosceptic Hungarian PM Viktor Orbán said: "Donald Trump ate Von der Leyen for breakfast." French minister for Europe Benjamin Haddad said the deal is "unbalanced". Critics such as Haddad point out the EU is accepting a 15% tariff, while not placing a tariff on US goods entering the single market, and hasn't leveraged the scale and power of the single market as much as it could have in negotiations. But the dealmakers in Brussels will say the EU had much more to lose if there was no deal, given how much the bloc sells to the US, and that it's worth making compromises to protect more than €1.6 trillion in EU-US trade every year. What happens next? Over the next few weeks, European Commission and American officials will flesh out the agreement made yesterday. This is when we'll get more specifics on the spirits sector and issues around NI/ROI exports to the US for example. Then EU member states will have to approve the deal, which could come into effect before the end of the summer.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store