A record price of £385,000 was paid last week for a site of 1.84 acres in Kinnegad, Co Westmeath. It was bought by local builder Robert Bagnall and is likely to be used for a commercial and residential development. There were seven bidders at the auction and though the site was declared on the market at £250,000 by the auctioneers, McDonald Brothers, the bidding continued until it reached £385,000. The site has 150 ft of frontage on to the main street.