Bidding 'gone mad' for compact west Cork farm with site potential
The private treaty bidding on a 27ac farm with a derelict farmhouse at Meelin near Bandon in West Cork has 'gone mad' according to Clonakilty auctioneer, Henry O'Leary.
The compact farm with residential potential and farming possibilities is just 2.5km from Bandon town. In lots of 9ac and 18ac and with a guide of €175,000 it went on the market a number of weeks ago. Bidding on the lots had reached €330,000 at the time of going to press.
Mr O'Leary says all the interest is local coming from hobby farmers and full-time farmers looking for additional land while the site potential on a 9ac parcel with the derelict residence is making for very keen bidding on that particular lot.
This parcel has plenty of road frontage along with the remains of the house, a two storey farmhouse currently roofed with corrugated iron but obviously thatched at one time.
The price for the 9ac stood at €170,000 when I spoke to Mr O Leary on Friday evening but even as we chatted a further bid of €10,000 came in bringing the price to €180,000.
"Planning is nigh impossible to get in this area," explains Mr O'Leary: "The presence of the old house on this parcel is clearly making it very attractive."
The 18ac parcel has been bid to €150,000.