Zoning makes all the difference as Tipp land fetches €5.5m

WHAT a difference a bit of zoning makes. Two recent land auctions by Tipperary estate agents Stokes and Quirke show the price multiplier effect on land, whether it is used for growing grass or supporting houses.

A 46-acre residential holding, in permanent pasture at Tullow Lane, Killusty, Fethard, in Co Tipperary made €900,000 under the auction hammer, John Stokes said after the successful sale, showing an average of €20,000 an acre paid by the buyer.

The residence was a three-bed bungalow, with 10 acres of marginal land, well located off a secondary road, which helped generate a strong price. It was bought by an estate agent, in trust, for a buyer understood to be a local businessman.