Farm Ireland

Sunday 17 December 2017

Character Royal jewel is packed with potential

Equestrian set will be drawn to residential farm in great location

The residence is a spacious farmhouse in need of modernisation
The residence is a spacious farmhouse in need of modernisation
Jim O'Brien

Jim O'Brien

As the auction season hots up a 63ac residential farm at Clinstown, Stamullen, Co Meath, is sure to attract attention and should give an indication as to how residential farms will perform this year.

The property comes to auction on Tuesday, April 12 and will be sold in a number of lots with a guide of €300,000 for the house and seven acres and €10,000/ac for the remainder.

Described as a lovely property by John Harrington of Navan-based selling agents, Harrington Smith, the farm is located close to the sea, beside the village of Stamullen on the road to Bellewstown.

Set in a rural location convenient to Bellewstown Racecourse, there is ready access to Drogheda, Dublin and Belfast via the M1 motorway at Gormanstown.

According to Mr Harrington, the property was home to the well-known Hannon sisters who farmed it up to the recent past, when it was let. The land is elevated, well fenced and made up of good-quality ground with no waste. Entirely in grass at present, it is well watered by a stream that runs through it.

The farm will go to auction in four lots. Lot one will comprise the residence and farmyard on seven acres. The residence is a traditional, spacious farmhouse with five bedrooms and while it is in need of significant modernisation, it is a house of some substance.

The two reception rooms and the bedrooms are spacious. The dining room and the sitting room have marble and slate fireplaces respectively finished with cast-iron inlays. Accommodation also includes an entrance hall, large kitchen, pantry and back hall.

The traditional yard comprises a two-bay hayshed with lean-to, lofted barn with a three-bay lean-to, cow byre and four-bay galvanised shed. The seven acres are of good quality with some road frontage.

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Mr Harrington considers a guide price of €300,000 is reasonable for lot one. He believes it would suit the customer looking for a house with character and potential that is close to Dublin and the sea. It may be particularly suitable for a family with equestrian interests.

Lot two comprises 21.5ac of top-quality land all in grass with 500m of road frontage, while lot three has 34.5ac of very good land all in grass with 750m of road frontage.

Lots two and three are opportunities to acquire a small holding suitable for many uses with the potential to build a residence and develop farming facilities. Both properties would also be an excellent addition to any existing farming enterprise in the area. The guide price is €10,000/ac.

Lot four, comprising the entire, which includes the residence on 63ac will be guided at €860,000 when the auction is held at the Smith Harrington sales rooms, 8/9 Bridge St, Navan.

Indo Farming