Farm Ireland
Independent.ie

Thursday 8 December 2016

Middletown House a grand investment

Declan O'Brien

Published 18/05/2010 | 05:00

Reality appears to be taking hold in the rural property market, a view that is supported by the number of large farms that have come up for sale of late.

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There appears to be a genuine acceptance that the nation's economic fortunes -- or should that be misfortunes -- are unlikely to turn in the short-term.

"If the price tomorrow is going to be the same as today, why wait?" was the simple observation of one auctioneer I talked to lately.

And that certainly seems to be the approach adopted by a growing number of vendors.

One of the larger farms to be put on the market in the east of the country in the last while is Middletown House.

The spacious old farmhouse is located between Swords, Malahide and Portmarnock and is being sold with 147.5ac.

Renovation

The house, which is in need of total renovation, extends to 2,700sqft and boasts four bedrooms, three reception rooms, a bathroom and a kitchen.

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The farmyard includes a number of old cut-stone buildings that are in need of repair.

In contrast, the lands have been well maintained, even though the property was rented for more than two decades.

Although most of the ground in the area is in tillage, the Middletown holding is all in grass and laid out in large fields.

Indeed, the land quality and location are being cited as the two main selling points for this property.

The sale is being handled by Murtagh Brothers Auctioneers, Mullingar.

They report good interest in the holding since it went on the market.

The farm goes to auction on June 17 at 3pm in Bewleys Airport Hotel

Irish Independent