Farm Ireland
Independent.ie

Saturday 18 November 2017

€10,000/ac is the national average but lower prices are still available

Needs work: Fronting on to a local road and on to the River Barrow just 3km from Borris, Co Carlow, this 28ac residential property is up for grabs for a guided price of €250,000.
Needs work: Fronting on to a local road and on to the River Barrow just 3km from Borris, Co Carlow, this 28ac residential property is up for grabs for a guided price of €250,000.
Jim O'Brien

Jim O'Brien

While a price tag of €10,000/ac is thought to be an accurate national average price for agricultural land there are significant regional and local differences.

A quick look around the country at what's on offer for between €250,000 and €400,000 gives a sense of these differences.

MEATH

58ac at Kildalkey, Co Meath - €350,000

Thomas Potterton is handling the sale of 58ac of grassland with tillage potential at Portnob, Kildalkey in Co Meath. The property is laid out in three fields with a natural water supply and has no buildings aside from a cattle pen.

Mr Potterton describes it as the finest of land and admits that the issue of access might be putting a dampener on the price with the land accessed by means of a registered right of way through a neighbours field.

"The right of way is properly registered and access will not be a problem. Land of this calibre at €6,000/ac is very good value," said Mr Potterton.

40ac at Bohermeen, Navan, Co Meath - €360,000 to €400,000

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A non-residential parcel of tillage ground extending to 40ac in the village of Bohermeen near Navan, Co Meath, is being guided at €9,000 to €10,000/ac. According to Ronan McKenna of Navan auctioneer, Raymond Potterton, the property is laid out in four sheltered fields all in stubble and well looked after.

With decent road frontage, the property lies within the 60km speed limit sign in the village and has potential for development as well as agricultural use. The price guide of €9,000 to €10,000/ac is more often associated with larger parcels of accessible ground.

GALWAY

38ac residential farm - €400,000

A 38ac residential farm located at Ballyroe, Kilconly nine miles from Tuam, Co Galway is guided at just over €400,000. The property consists of a three-bedroom bungalow in need of renovation, a traditional farmyard with haybarn cowsheds and a number of useful outhouses.

The farm and yard are very well kept, while the land is laid out in two parcels of 22ac and 16ac respectively. In grass at the moment, the holding is well fenced and watered and, according to Tuam auctioneer, Martin Tyrell, is easily accessible through good road frontage and could be suitable for tillage.

The farm may be sold as an entire or in lots and Mr Tyrell expects the land to make more than €300,000, or €8,000/ac, and €100,000 for the house and outbuildings.

CORK

22ac residential farm with two-bed guest cottage - €250,000

Located in West Cork at Tullig, Leap this farm is about 10 minutes from both Roscarbery and Skibbereen. Described as a 'real traditional holding' the farm comes with a two-bedroom stone residence, outbuildings and a two-bedroom guest cottage all on 10ac of forestry and 12 ac of pasture.

The house and the guest property are in very good condition having been tastefully renovated over the years. The two-storey residence includes a kitchen/dining room, sunroom, bathroom and two bedrooms, while the accommodation in the guest cottage includes two bedrooms, a bathroom, sitting room and kitchenette.

According to John Hodnett, of selling agents Hodnett Forde, the property is ideal as a permanent residence or a holiday home.

CARLOW

Ballyteigelea, Borris 28ac residential holding - €250,000

David Quinn is handling the sale of this 28ac residential Barrowside holding located 3km from Borris, Co Carlow. Fronting on to a local road and on to the River Barrow, the property consists of a house and outhouses on 28ac.

The two-storey residence has four bedrooms, a sitting room, living room, downstairs toilet and upstairs bathroom. It is in need of considerable renovation but is structurally sound.

Outside is a range of cut-stone outbuildings along with a three-span haybarn and a three-span lean-to with a concrete lofted shed.

The lands are divided into a number of small divisions with 15ac of quality grassland, while the remaining 13ac is made up of woodland and softer ground needing drainage. The €250,000 price tag represents €9,000/ac, which is well below the average per acre price for land in this part of Leinster.

MAYO

44.5ac roadside farm Westport, Co Mayo - €350,000

The auction season is getting an early heads-up in Mayo with the auction of a 44.5ac grass farm at Creggaunahorna, Coolbarren located three miles from Westport in the shadow of Croagh Patrick.

The land is described by Karl Fox of Fox and Gallagher as high, dry pasture with more than a mile of road frontage. The property has been let for a number of years but is in good heart and well drained by a river that runs through it. Aside from its agricultural value, Mr Fox believes that the road frontage could prove to be a valuable asset, especially in the event of an upturn in the economy and construction.

With a guide price of €8,000/ac the farm will be brought to auction at the Plaza Hotel, Westport, Co Mayo at 3.30pm on Friday, March 7.

LAOIS

24ac tillage Turfarney, Rathdowney, Co Laois - €295,000 (and climbing)

Laois auctioneer William Mansfield is waxing lyrical about a 24ac tillage holding on the Ballacolla road leading out of Rathdowney.

The ground is for sale by private treaty and at present the selling agent has three customers bidding. At the weekend, bids to the value of €295,000 or €12,250/ac had accumulated on the property.

Close to 20ac of the land is in tillage and according to Mr Mansfield it has just produced a bumper crop of fodder beet. The farm is easily accessible with 166m of road frontage. A fine yard on the land includes a five-span cattle shed measuring 1,65sq m, a silage pit and concrete collecting yard, along with feeding troughs and a large water tank.

The holding is well fenced with access to electricity but has no independent water supply. Interest in the 24ac is serious and Mr Mansfield expects the price to climb further in the coming days.

LIMERICK

51ac residential at Ballyroe Lower, Kilfinane, Co Limerick - €350,000

Richard Ryan of GVM Kilmallock is handling the sale of this 51ac residential farm at Ballyroe lower, Kilfinane in south east Limerick. The property consists of a renovated two-storey traditional farmhouse with three bedrooms, a sitting room, kitchen, toilet and shower room. Out-offices include a range of traditional buildings and a three-column haybarn.

The land is of mixed quality with 22ac of good grazing ground, 21ac of summer grazing and 8ac of forestry. The farm comes with 250m of road frontage and is guided at a competitive €6,900/ac.

Irish Independent