69 acres for sale near Midleton
The land to the east of Cork city consists of superb gently undulating ground that has supported a rich agricultural industry locally.
Much of it is given over to dairy farming, but there are plenty of pockets where other sectors are active, such as beef farming, equestrian, and even forestry in parts.
A current offering from Midleton-based auctioneers John O’Farrell & Sons features a substantial residential holding located midway between Midleton and Dungourney, a few kilometres north of the N25, where beef vies with dairy farming as the main activity.
The holding in question is a 69-acre property situated in the townland of Glenreagh, approximately 7km from both the market town of Midleton (famous also for its distillery and visitor centre), and the charming village of Dungourney, about 15km east of the M8 Dublin-Cork motorway, and 25km south of Fermoy.
The farm is being offered in two lots. One lot (Lot 2) has 68 acres with a collection of good outbuildings, and the other lot (Lot 1) consists of the house on approximately 1.3 acres of land along with some out-offices.
As selling agent Martin O’Farrell explains, the farm contains plenty of quality, both land and buildings.
“It’s good quality land,” says Martin of the property, which is being sold as an executor sale.
“And it was well farmed by the previous owner, who is now deceased. There were a number of different crops grown there over the years, so it’s suitable for any enterprise. There was corn grown there, grass, beet.
“It has road frontage onto the Dungourney road and onto the Midleton road.”
The dwelling is a single-storey house that was built in the 1950s and which has been kept in reasonably good order ever since.
It is perfectly habitable but it is in need of modernisation.
Accommodation includes three bedrooms, a bathroom, kitchen and a sitting room.
At present, all the land is in grass and, as the selling agents point out, silage was last cut off it two months ago. “There are improvements that could be made to the land, but the grass is fine and fresh on it,” points out Martin. “It’s not in need of re-seeding.”
The range of outbuildings constitutes another strong asset of the holding, they are in good structural condition and will be very useful to the next owners. They include a number of sheds and outbuildings as well as a cattle crush.
The property benefits from electricity and water supplies.
There aren’t any entitlements going with it, but it’s a decent-sized property for sale in good heart, in an area where few farms of this size come to the market.
While a number of large holdings have come up in recent times a little farther northeast, into Co Waterford, and a little to the northwest in Co Cork, this particular area has been relatively starved of opportunity to buy large parcels, so there should be some strong interest on the ground.
The price expectation is pitched at a very reasonable €10,000 per acre for the land. The other lot, with the house and a couple of out-offices on 1.27 acres, is expected to fetch in the region of €120,000.
This seems about right for the overall picture, and judging by how well things have been selling in East Cork generally.
What might make a difference in the end, however, is how keen some locally-based clients will be for such a rare chunk of good farmland.
“We’ve good interest in it,” Martin confirms, “for the simple reason that there’s no other land for sale in the area and it’s a good, sound farm in a good location. There’s good local interest in it, and there’s also outside interest.”
