Huge interest expected in dream Déise holding
With an offer of €7,000/ac already on the table, there is keen interest in this 32ac residential farm at Ballinakill, Ballinamult, Co Waterford.
The farm comes with grazing rights to a further 65.21ac on the nearby Coumarglin Mountain. It is being offered for sale by private treaty with a guide price of €10,000/ac for the land and offers in excess of €250,000 for the house on 3.69ac. The €7,000/ac bid has been tabled for the 28.42ac of land and mountain grazing rights.
The lure of their grandchildren across the water has proven too much for the current owners, who are planning to move back to Britain to spend more time with their family.
A builder by trade, the owner originally bought the property in 2000 and extended the farmhouse to the impressive two-storey 3,000ft2 residence that now stands on the farm. Since then, the couple have bred pedigree Aberdeen Angus cattle on the farm.
The original farmyard consists of cut-stone outbuildings with arched doorways and there is also a three-span open shed with a workshop to the rear.
Selling agent Eamon Spratt, from Property Partners Spratt, says the farm is attracting interest from local farmers, who are keen on the additional map acres provided by the mountain grazing rights. However, the farm's scenic location and proximity to Dungarvan is also attractive to the non-farming community.
While farmland in Co Waterford rarely changes hands on the open market, this is the fifth farm sale to be handled by the auctioneer this year.
"There is an appetite for land among farmers and the banks seem to be willing to lend money for it," he said.