118-acre coastal holding will attract wide interest

118-acre coastal holding will attract wide interest
The old dwelling on the 118-acre farm for sale at Ballynamona Lower,near Old Parish, Co Waterford.

A 118-acre holding has just come on the market in a very scenic part of Co Waterford.

It’s a part of the world that will be more familiar to generations of holiday makers than to Munster’s farming community, as this head-turning chunk of coastline now for sale is located between the villages of Ring and Ardmore.

The Gaeltacht village of Ring is just 7km to the northeast of the property, while Ardmore — with its famous long beach, lively village and ancient round tower — is approximately 16km to the southwest.

In between, there are many beaches and hidden coves to explore, and the county town of Dungarvan is 15km north of the holding for sale.

There is a good mixture of agricultural activity in this part of the world, but dairying is the most prevalent, and the gently rolling countryside is typically a rich shade of green, indicating the fertile and deep soil that lies beneath.

This particular farm, in the townland of Ballynamona Lower, contains plenty of good land, as well as a good deal of lands of lesser quality.

According to Dungarvan-based selling agent Nicholas Dwane, the two land types are represented in roughly equal proportions.

“There are about 60 acres of tillage land that’s being used at the moment, and the rest of it is essentially composed of cliff lands, and land that is a bit neglected, and that could be put back to a higher level of quality, You could probably put back another 20 acres and reclaim it.”

The farm is a non-residential one but crucially, it does have the remains of an old dwelling, which may yet mitigate in its favour in the market, due to the possibility of someone being able to move onto the property and build a home, which opens the property up to the non-farmer market as well as farmers.

“There’s a two-storey derelict dwelling on the farm,” says Nicholas, “which would be a way around planning, so to speak.

“There are also a few old cut-stone farm buildings, which gives the property more potential again, there are lean-tos and an old hay barn as well.”

The idea of someone having either a hobby farm or constructing accommodation for summer letting as part of a larger tourism product is one that may attract bidders over the coming weeks and months.

In the meantime, the quality and quantity of land are enough of a draw to interest a good number of the farming community living in the locality and, according to the selling agents, the interest is already building.

“The land is all in one block,” says Nicholas.

“The coastline stretch is all cliff land and where the dwelling is located, you have magnificent sea views.”

The farm is quite accessible; the proximity of the N25 Cork-Waterford road is a big advantage, being only 7km away.

Access to the farm is via a public road that affords a short stretch of road frontage, with a well laid-out field pattern beyond that.

The asking price of €660,000 (€5,600/acre) is a reflection, the auctioneer says, of the fact that so much of the land is taken up with rough land and cliff land.

The remainder, however, is of very good quality, according to the selling agents.

“The land that is good is very good,” says Nicholas. “It’s a very dry and solid farm. It’s all fine-sized open fields, no small fields. The good portion of the holding is broken up into about seven or eight large fields.”

The lands have been let for a number of years but, the selling agents say they have been well tended on a regular basis, with the exception of the aforementioned section of 20 acres or so that can be improved upon by the next owner.

“The entire holding could be a very nice project for the right person.

“It can be very hard to get planning permission around a Gaeltacht area like this one and the existence of the old dwelling offers a way around that.

“And then some of the nice old outbuildings could make a lovely art gallery or something along those lines.”

A buyer might be tempted to continue farming while running a side-line tourism- related business.

“The price is a good competitive one for the amount of land you’re getting with it, in a part of the world where good land doesn’t come along every day of the week.”

There aren’t any entitlements with the property, which benefits from a good water supply and electricity supply.

For such an accessible but rare property, there is sure to be a strong level of interest, and it will be a very interesting test of the mood of the marketplace at the moment, particularly with a property that offers varied levels of land quality.

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