Farm Ireland

Friday 20 April 2018

Diverse mix of lands in Tullow

The property at Ballymurphy consists of 187ac
The property at Ballymurphy consists of 187ac

Local farming interests are expected to be the key players in the battle for a 187ac residential farm which has come on the market in Tullow, Co Carlow.

The holding at Ballymurphy is one of the largest properties to be offered for sale in the south east this year and Carnew auctioneer, David Quinn, says it has already attracted considerable interest.

He is quoting a guide price of €1.7m for the entire property, but says it may be sold in lots if that offers the best return.

The farm is located 3km from Tullow, 8km from Rathvilly and 12km from Carlow. It is split into two blocks of 106ac and 81ac by the public road so it has ample access and road frontage as a result.

The lands are in a mix of cereals, grass and forestry, with the tillage land being described by the estate agent as "top quality ground".

The 106ac block includes the residence and farmyard, with the lands mainly in tillage - apart from 10ac of grazing ground around the house and yard. The 96ac of cereal ground in this section is in six fields.

"This land is generally of excellent quality, laid out in large easily-managed divisions, free draining and suitable for either tillage or grassland use," said Quinn.

The 81ac section across the road comprises 32ac in two fields, with 10.5ac in tillage and 21.5ac in grass.

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The remaining 49ac are in forestry, with the lands planted 21 years ago. The plantation was in receipt of grant payments but these have now expired. The residence is a three-bedroom bungalow which was built 12 years ago. It extends to 188 square metres and is in good condition.

The yard includes an old derelict two-storey farmhouse and a number of traditional stone-built sheds.

There is also a four-span back-to-back lean-to, a four-span round-roof shed with two lean-tos, two four-span round-roof sheds with two lean-tos, and a two-span round-roof shed with a three-span lean-to.

The farmyard is in need of considerable work, but Mr Quinn estimates that both the residence and yard add around €150,000 to the overall value of the property.

The farm is for sale by private treaty and Quinn has already received a number of enquiries for the entire farm and for various divisions.

He expects local farmers to drive demand for the tillage and grazing ground, while the plantation has sparked the interest of investors from the forestry sector.

"This is as good a plantation as you'd see. It has good road frontage and an internal roadway, so access won't be an issue," said Mr Quinn.

"It has been very well managed, was thinned three years ago and is probably 15 years from harvesting," he added.

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