€100 an acre guide for Galway bogland
Published 19/08/2015 | 02:30
THE cheapest farm on the market in Ireland at the moment may be located at Coriskea, Ballymoe in Co Galway. The 200ac of bog is for sale with a guide price of €20,000 or €100/ac.
The property is located in an Special Area of Conservation (SAC) and as such is not eligible for planting or turf cutting and therefore is not in a position to deliver any mainstream farm income of consequence.
However, Paul Lafferty of auctioneers James Cleary and Sons Castlerea believes it may be able to deliver some 'brown envelope' income in the form of Area Aid.
The property is quite accessible with a number of roads running through it. While it is difficult to say of what use it would be to a purchaser aside from its aesthetic value, nevertheless Mr Lafferty has active interest in the holding and currently the farm has an offer of €15,000 on it.
Mr Lafferty is also handling the sale of 30ac of limestone land located at Bushfield, Casteplunkett, Casterea, Co Roscommon. The price is guided at €210,000 or €7,000/ac.
Located 12km from Castlerea the property is described by Mr Lafferty as good elevated ground situated in a progressive farming area and serviced by mains water.
A local road divides the rectangular holding in two giving it good road frontage on both sides. Facilities on the property include a cattle crush and pen. Mr Lafferty expects keen local interest in the holding.
Moving further south a 33.6ac farm at Lecarrow, Co Roscommon between Athlone and Roscommon town is on the market by private treaty with a guide price of €180,000 or over €5,300/ac.
The property is described by Mr Lafferty as comprised of 25ac of decent limestone land containing the remains of a local quarry and 8ac of softer land closer to the river. The 25.35ac portion has some horse handling facilities and comes with 200m of road frontage.
Mr Lafferty believes this portion could have good site potential given the relative proximity of Athlone. The 8.25ac parcel is comprised of lower, heavier ground.