Farm Ireland

Tuesday 20 March 2018

Best seller

Renville House on 135ac achieved the highest land price of the year when selling for €3.2m, reports Jim O'Brien

Renville House, Co Galway
Renville House, Co Galway

Renville House, a 19th century Georgian residence on 135ac of land on the coast near Oranmore in Co Galway surpassed its guide price by €1.2m when it sold under the hammer of Paddy Jordan last week for €3.2m. This represents a record per acre price of over €23,700/ac.

At auction Mr Jordan described the property as representing an 'endangered species' and the bidding clearly shows that those with an interest in the holding valued the object of their desires.

Mr Jordan opened matters when he accepted a bid of €1.5m. Two bidders showed cause at that point and when the price quickly reached the guide price of €2m Mr Jordan consulted with the legal advisor to the vendors. He returned to the room where two more bidders joined the fray and the price rose to €2.7m at which point the place was put on the market with three bidders remaining.

At €2.85m two customers were still bidding and, rising in increments of €50,000, the price broke the €3m. At €3.2m Mr Jordan brought the hammer down on a hectic sale where all the bidding was done by representatives.

Commenting on the sale Mr Jordan described it as an extraordinary transaction.

"I had clients coming to see the property right up to the end. I was walking the place with a client representative at 1pm, two hours before the auction.

"The place undoubtedly had the X-factor," he said.

Located about 3km from Oranmore, an ivy covered Georgian house built in 1820 is at the centre of the farm of top class grassland that rolls down to the water's edge.

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The accommodation includes a sitting room and dining room at either side of a spacious hall along with an intimate lounge with a bay window to the garden.

Other downstairs accommodation includes a library and a study along with a bathroom, a guest WC and a rather dated kitchen.

Upstairs are five bedrooms, two bathrooms, a nursery, a linen cupboard and a hotpress. The rooms are in the main quite spacious but like the accommodation downstairs they will take quite some renovation and investment to bring them to modern standards.

The local GP lived in this house from the 1960s and the coach house to the rear was converted for use as a surgery. It is now a two bedroom apartment.

To the rear again is the traditional farm courtyard with a range of dated but interesting farm buildings.

Behind the courtyard is the working farmyard with round roofed sheds and cow byres on an elevated site beside a copse of trees overlooking the water.

The 135ac is laid out in a series of big fields fenced with neat, well-kept stone walls running down to the sea where the farm has 800m of frontage.

About 112ac of the land are very good to excellent grazing ground that was traditionally used for sheep and cattle with 23ac in low-lying land near the sea front and part of an SAC.

Other features include fine stands of trees, hedgerows, a walled garden currently under a crop of hay and an unused small farmyard near the shore with a herder's cottage.

Indo Farming